Latin America Magnetic Resonance Imaging Coils Market Size & Outlook
Latin America magnetic resonance imaging coils market, 2018-2030 (US$M)
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Latin America magnetic resonance imaging coils market highlights
- The Latin America magnetic resonance imaging coils market generated a revenue of USD 1,320.8 million in 2023.
- The market is expected to grow at a CAGR of 8.8% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,320.8 million |
| Market revenue in 2030 | USD 2,380.5 million |
| Growth rate | 8.8% (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, Latin America region accounted for 15.0% 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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Latin America 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 Latin America magnetic resonance imaging coils market based on radiofrequency coil, gradient coil covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in geriatric population and rise in cardiac disorders are factors expected to drive the MRI coils market in this region. Rise in demand for minimally invasive diagnostics and an increase in publicprivate partnerships are factors expected to contribute to the market growth.
The market in Latin America is expected to show lucrative growth over the forecast period. Increase in government spending, rise in per capita healthcare spending, and initiatives by WHO and other government bodies are expected to fuel market growth in Latin America.
Furthermore, a large population, coupled with growing adoption of healthcare insurance in this region, is another important factor contributing to MRI coils market growth. Latin American countries have strong research relations with China and Europe.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America magnetic resonance imaging coils market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America magnetic resonance imaging coils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America magnetic resonance imaging coils market size, by country, 2018-2030 (US$M)
Latin America Magnetic Resonance Imaging Coils Market Outlook Share, 2023 & 2030 (US$M)
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