Asia Pacific Magnetic Resonance Imaging Coils Market Size & Outlook
Asia Pacific magnetic resonance imaging coils market, 2018-2030 (US$M)
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Asia Pacific magnetic resonance imaging coils market highlights
- The Asia Pacific magnetic resonance imaging coils market generated a revenue of USD 1,916.4 million in 2023.
- The market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, radiofrequency coil was the largest revenue generating type in 2023.
- Radiofrequency Coil is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,916.4 million |
| Market revenue in 2030 | USD 3,512.1 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Radiofrequency coil |
| Fastest growing segment | Radiofrequency Coil |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radiofrequency Coil, Gradient Coil |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Koninklijke Philips NV, Siemens Healthineers AG ADR, Canon Inc, Esaote, Bruker Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.8% of the global magnetic resonance imaging coils market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,512.1 million by 2030.
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Magnetic Resonance Imaging Coils Market Scope
Magnetic Resonance Imaging Coils Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific magnetic resonance imaging coils market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to magnetic resonance imaging coils market will help companies and investors design strategic landscapes.
Radiofrequency coil was the largest segment with a revenue share of 59.94% in 2023. Horizon Databook has segmented the Asia Pacific magnetic resonance imaging coils market based on radiofrequency coil, gradient coil covering the revenue growth of each sub-segment from 2018 to 2030.
Presence of a large patient pool and growing need for technologically advanced & cost-effective healthcare solutions are among the factors likely to drive the Asia Pacific market. Growing awareness about cancer and cardiovascular diseases has led to an increase in the demand for MRI studies.
Furthermore, rapid advancements in the clinical development framework of developing economies are aiding market growth in this region. As healthcare access, basic infrastructure, and economic growth differ greatly between urban & rural areas, the presence of developed & developing countries in Asia Pacific poses unique challenges.
The COVID-19 pandemic has identified inadequacies in the health system of the region as well as the interdependence of health security & economic stability. As a result, various initiatives are being undertaken to achieve the goal of Universal Health Care (UHC).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific magnetic resonance imaging coils market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific magnetic resonance imaging coils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific magnetic resonance imaging coils market size, by country, 2018-2030 (US$M)
Asia Pacific Magnetic Resonance Imaging Coils Market Outlook Share, 2023 & 2030 (US$M)
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