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Prominent players involved in the market include GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers, and Canon Medical Systems Corporation, among others. The leading players in the MRI coil market employed various strategies for sustained competitive advantage. These market participants are actively engaged in strategic collaborations, partnerships, mergers, etc., to maintain their position in the market, capture the highest market share, and outperform the competition. For instance, in July 2023, GE Healthcare's subsidiary, Aurora, partnered with clinicians and researchers at Cincinnati Children’s Hospital Medical Center and Ohio State University to improve pediatric MRI imaging by developing specialized coils for imaging children's heads, hearts, and other body parts. This collaboration signified a crucial initiative to enhance pediatric MRI imaging.
Prominent players operating in the magnetic resonance imaging coils industry include:
Magnetic resonance imaging coils industry was valued at USD 8.8 billion in 2023 and will exhibit 7.6% CAGR from 2024 to 2032, attributed to increasing prevalence of chronic diseases and the rising demand for accurate diagnostic imaging.
The neurology segment in the market will garner 7.6% CAGR through 2032, owing to the high prevalence of neurological disorders, such as Alzheimer's, Parkinson's, and multiple sclerosis.
North America magnetic resonance imaging coils industry will record 7.4% CAGR between 2024 and 2032, fueled by the rising prevalence of chronic diseases, and high adoption of cutting-edge medical technologies.
Canon Medical Systems Corporation, Esaote SPA, GE HealthCare Technologies, Inc., Koninklijke Philips N.V., Scanmed, LLC., Siemens Healthineers AG, Magnetica Ltd. (AVINGTRANS PLC), MR Instruments, Inc., Rapid MR international, LLC., and Tesla Engineering Ltd. (Tesla Ltd.), among others.