Published Date: 26-May-2021
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According to a new report Global Magnetic Resonance Imaging Coils Market, published by KBV research, The Global Magnetic Resonance Imaging Coils Market size is expected to reach $13.3 billion by 2027, rising at a market growth of 7.6% CAGR during the forecast period.
The musculoskeletal market segment recorded a prominent market share and is estimated to witness a substantial growth rate over the forecast years. The rising product launch of high tesla MRI machines for musculoskeletal imaging would fuel the growth of this segment.
On the basis of end-use, the hospital segment procured the highest market share in 2020. This segment consists of the revenue generated by MRI units that are sold in hospitals, as these premises have space & funds, which are needed for MRI machines. The growth of the segment is set to accelerate due to the growing number of hospital imaging centers.
Asia-Pacific region is projected to witness the fastest growth rate over the forecast period. The continuing economic development in nations like China and India will make them the desired market for the global key players of the MRI coils market. The huge population base in these countries along with the low per capita income has resulted in the huge demand for less expensive treatment options. There are many global companies, which are interested to invest in emerging nations like India, Japan, and China.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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