LAMEA Magnetic Resonance Imaging Coils Market By Application (Cardiovascular, Spine and Musculoskeletal, Neurology, Breast, Pediatric, Abdominal and Others), By Type (Radiofrequency Coil and Gradient Coil), By End-Use (Hospitals, Diagnostic Imaging Centers, Ambulatory Care Centers and Others), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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The Latin America, Middle East and Africa Magnetic Resonance Imaging Coils Market would witness market growth of 8.6% CAGR during the forecast period (2021-2027). The growing awareness among people regarding the early diagnosis of several chronic diseases will propel the growth of the market.
The mortality rate across the globe is high; it is due to the increasing cases of cancer and cardiovascular diseases. Furthermore, several governments & healthcare organizations are introducing various initiatives to create more awareness among people of getting a proper diagnosis and the importance of early detection of these diseases. Due to these efforts, people are diagnosing themselves through MRIs and hence, boosting the market growth of MRI coils. So, these initiatives along with the growing awareness among people are likely to spur the growth of the market during the forecast period.
The gradient as well as radiofrequency coils assist in improving the performance of MRI machines. As far as gradient coil is concerned, it produces additional magnetic fields in three dimensions x, y, and z. All these additional fields overlap the core magnetic field and offer spatially coded data, which helps the computer to evaluate the image slice. In the same way, radiofrequency coil assists in improving the reception of magnetic resonance signal. There are some coils that can transmit the signal and simultaneously receive them too. The strong signal helps in offering clear images by reducing noise and also helps in enhancing the signal-to-noise ratio.
The Radiofrequency Coil market dominated the South Africa MRI Coil Market by Type in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $116.4 Million by 2027, growing at a CAGR of 9.7 % during the forecast period.
Based on Application, the market is segmented into Cardiovascular, Spine and Musculoskeletal, Neurology, Breast, Pediatric, Abdominal and Others. Based on Type, the market is segmented into Radiofrequency Coil and Gradient Coil. Based on End-Use, the market is segmented into Hospitals, Diagnostic Imaging Centers, Ambulatory Care Centers and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), Koninklijke Philips N.V., Siemens AG, Canon, Inc. (Canon Medical Systems Corporation), Hologic, Inc., Bruker Corporation, Esaote SpA, MR Instruments, Inc., RAPID MR International, LLC, and ScanMed, LLC.
Scope of the Study
Market Segments Covered in the Report:
- Spine and Musculoskeletal
- Radiofrequency Coil
- Gradient Coil
By End Use
- Diagnostic Imaging Centers
- Ambulatory Care Centers
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co. (GE Healthcare)
- Koninklijke Philips N.V.
- Siemens AG
- Canon, Inc. (Canon Medical Systems Corporation)
- Hologic, Inc.
- Bruker Corporation
- Esaote SpA
- MR Instruments, Inc.
- RAPID MR International, LLC
- ScanMed, LLC
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