India Magnetic Resonance Imaging Coils Market Size & Outlook
India magnetic resonance imaging coils market, 2018-2030 (US$M)
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India magnetic resonance imaging coils market highlights
- The India magnetic resonance imaging coils market generated a revenue of USD 288.2 million in 2023 and is expected to reach USD 549.3 million by 2030.
- The India 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 288.2 million |
| Market revenue in 2030 | USD 549.3 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, India accounted for 3.3% 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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India 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 59.92% in 2023. Horizon Databook has segmented the India magnetic resonance imaging coils market based on radiofrequency coil, gradient coil covering the revenue growth of each sub-segment from 2018 to 2030.
India’s high burden of chronic diseases, such as cardiac conditions, orthopedic disorders, and cancer, is the leading cause of death & disability. High growth in India is attributed to increasing disposable income and improving standards of living in this country are anticipated to further drive the market.
Increasing prevalence of cardiovascular disorder and obesity in India is the primary factor driving the MRI coils market. The rise in the prevalence of obesity is expected to boost the overall number of patients suffering from chronic disorders such as coronary heart disorder.
Furthermore, medical tourism is among the fastest emerging industries boosting the demand for diagnostic imaging systems, and it is projected to grow in India in the coming years. Moreover, advancements in healthcare facilities in India have led to an increase in patient volume.
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Horizon Databook provides a detailed overview of country-level data and insights on the India magnetic resonance imaging coils market , including forecasts for subscribers. This country databook contains high-level insights into India magnetic resonance imaging coils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India magnetic resonance imaging coils market size, by type, 2018-2030 (US$M)
India Magnetic Resonance Imaging Coils Market Outlook Share, 2023 & 2030 (US$M)
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