China Magnetic Resonance Imaging Coils Market Size & Outlook
China magnetic resonance imaging coils market, 2018-2030 (US$M)
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China magnetic resonance imaging coils market highlights
- The China magnetic resonance imaging coils market generated a revenue of USD 371.8 million in 2023 and is expected to reach USD 651.2 million by 2030.
- The China market is expected to grow at a CAGR of 8.3% 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 371.8 million |
| Market revenue in 2030 | USD 651.2 million |
| Growth rate | 8.3% (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, China accounted for 4.2% 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 Asia Pacific, China magnetic resonance imaging coils market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 549.3 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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China 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 China magnetic resonance imaging coils market based on radiofrequency coil, gradient coil covering the revenue growth of each sub-segment from 2018 to 2030.
Changes in demographics & disease patterns and growth of private healthcare sector are key factors expected to drive the MRI coils market in China. The number of private hospitals is increasing every year, including those delivering specialized care, such as cardiac treatment centers.
This can be attributed to the allowance of foreign investments in the country’s healthcare sector. The growing number of hospitals is likely to drive demand for MRI systems in the region, as it is an integral and essential part of modern healthcare facilities.
Moreover, rising number of heart-related disorders is expected to increase the use of MRI scanning. For instance, according to latest stats by BioMed Central, more than 230 million Chinese people suffer from cardiovascular disease, and 550,000 people have a cardiac arrest each year.
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Horizon Databook provides a detailed overview of country-level data and insights on the China magnetic resonance imaging coils market , including forecasts for subscribers. This country databook contains high-level insights into China magnetic resonance imaging coils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China magnetic resonance imaging coils market size, by type, 2018-2030 (US$M)
China Magnetic Resonance Imaging Coils Market Outlook Share, 2023 & 2030 (US$M)
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