Europe Magnetic Resonance Imaging Coils Market Size & Outlook
Europe magnetic resonance imaging coils market, 2018-2030 (US$M)
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Europe magnetic resonance imaging coils market highlights
- The Europe magnetic resonance imaging coils market generated a revenue of USD 2,087.6 million in 2023.
- The market is expected to grow at a CAGR of 8.9% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,087.6 million |
| Market revenue in 2030 | USD 3,798.4 million |
| Growth rate | 8.9% (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, Europe region accounted for 23.7% 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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Europe 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 59.93% in 2023. Horizon Databook has segmented the Europe magnetic resonance imaging coils market based on radiofrequency coil, gradient coil covering the revenue growth of each sub-segment from 2018 to 2030.
Europe accounted for a 23.60% share of the global MRI coils market in 2021. This can be attributed to factors such as an increase in the prevalence of chronic disorders, rapid adoption of advanced technologies, the presence of a large geriatric population, improved reimbursement for medical care, and high demand for early disease diagnosis.
In 2017, over 28.3 million people are aged 80 years and above in the region, of which, 5.8% of people lived in Germany. These people are at a high risk of chronic diseases, and hence, may opt for various treatment options, making pretreatment or diagnosis a necessity.
Furthermore, an increase in prevalence of cardiac disorders in the European region is expected to drive the market. According to European Heart Network, each year, cardiovascular diseases cause around 3.9 million deaths in Europe.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe magnetic resonance imaging coils market , including forecasts for subscribers. This continent databook contains high-level insights into Europe magnetic resonance imaging coils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe magnetic resonance imaging coils market size, by country, 2018-2030 (US$M)
Europe Magnetic Resonance Imaging Coils Market Outlook Share, 2023 & 2030 (US$M)
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