Germany Magnetic Resonance Imaging Coils Market Size & Outlook
Germany magnetic resonance imaging coils market, 2018-2030 (US$M)
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Germany magnetic resonance imaging coils market highlights
- The Germany magnetic resonance imaging coils market generated a revenue of USD 476.5 million in 2023 and is expected to reach USD 911.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 9.7% 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 476.5 million |
| Market revenue in 2030 | USD 911.9 million |
| Growth rate | 9.7% (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, Germany accounted for 5.4% 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 Europe, Germany magnetic resonance imaging coils market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 911.9 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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Germany 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 Germany magnetic resonance imaging coils market based on radiofrequency coil, gradient coil covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of a large patient pool in Germany is driving the demand for medical technologies in the market. Germany’s aging population, which accounts for almost 20% of the total population in Western Europe, has led to an increase in the demand for diagnostics, advanced technologies, minimally invasive surgeries, and therapeutics.
This makes Germany’s medical devices market the largest in Europe and the third largest in the world. Moreover, increase in healthcare expenditure, surge in number of people suffering from heart attacks, and rising awareness among the common population are expected to propel the country’s market.
Similarly, as per Research Gate, in Germany, around 20% of cardiovascular mortality is a result of sudden cardiac death. Moreover, as per the Deutsches Reanimations register, emergency medical personnel revived over 51,970 persons in 2019 who had had a sudden cardiac arrest.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany magnetic resonance imaging coils market , including forecasts for subscribers. This country databook contains high-level insights into Germany magnetic resonance imaging coils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany magnetic resonance imaging coils market size, by type, 2018-2030 (US$M)
Germany Magnetic Resonance Imaging Coils Market Outlook Share, 2023 & 2030 (US$M)
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