Brazil Magnetic Resonance Imaging Coils Market Size & Outlook
Brazil magnetic resonance imaging coils market, 2018-2030 (US$M)
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Brazil magnetic resonance imaging coils market highlights
- The Brazil magnetic resonance imaging coils market generated a revenue of USD 322.1 million in 2023 and is expected to reach USD 621.8 million by 2030.
- The Brazil market is expected to grow at a CAGR of 9.9% 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.
Magnetic resonance imaging coils market data book summary
| Market revenue in 2023 | USD 322.1 million |
| Market revenue in 2030 | USD 621.8 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Radiofrequency coil |
| Fastest growing segment | Radiofrequency Coil |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 3.7% of the global magnetic resonance imaging coils market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil magnetic resonance imaging coils market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 436.4 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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Brazil 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 59.95% in 2023. Horizon Databook has segmented the Brazil magnetic resonance imaging coils market based on radiofrequency coil, gradient coil covering the revenue growth of each sub-segment from 2018 to 2030.
According to the OECD, 14.5 MRI units were installed per million population in 2021. Increasing prevalence of cardiovascular diseases and obesity are major factors responsible for market growth. Since cardiovascular diseases are the primary cause of mortality and disability among individuals in their prime working years and account for around 27.7% of fatalities in Brazil, they pose a serious public health concern.
Similarly, as per the Institute for Health Metrics and Evaluation at the University of Washington, Brazilians over the age of 20 years were obese at a rate of about 29% in 2020, up from about 15% in 2000. This is predicted to boost the risk of cardiovascular disorders, thereby propelling the market over the forecast years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil magnetic resonance imaging coils market , including forecasts for subscribers. This country databook contains high-level insights into Brazil magnetic resonance imaging coils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil magnetic resonance imaging coils market size, by type, 2018-2030 (US$M)
Brazil Magnetic Resonance Imaging Coils Market Outlook Share, 2023 & 2030 (US$M)
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