UK Magnetic Resonance Imaging Coils Market Size & Outlook
UK magnetic resonance imaging coils market, 2018-2030 (US$M)
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UK magnetic resonance imaging coils market highlights
- The UK magnetic resonance imaging coils market generated a revenue of USD 335.8 million in 2023 and is expected to reach USD 578.7 million by 2030.
- The UK market is expected to grow at a CAGR of 8.1% 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 335.8 million |
| Market revenue in 2030 | USD 578.7 million |
| Growth rate | 8.1% (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, UK accounted for 3.8% 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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UK 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 UK magnetic resonance imaging coils market based on radiofrequency coil, gradient coil covering the revenue growth of each sub-segment from 2018 to 2030.
The UK is one of the important markets in the EU region, with the presence of technologically advanced healthcare facilities and research centers. According to OECD, the UK had 8.6 MRI systems per million people as of 2021. A CIB survey revealed that almost 29% of MRI machines are at least 10 years old, and hence, the European Society of Radiology has advised replacing the MRI systems to avoid future risk.
Hence, the MRI coils market is expected to grow at a favorable pace in the near future. Moreover, the National Health Service provides free hospital, physician, and mental health treatment to all citizens of the UK on an automatic basis.
The majority of general taxes are used to pay the National Health Service budget. NHS provides preventive services, including diagnostic imaging & screenings to every citizen, creating a greater preference for early disease diagnosis and pretreatment options.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK magnetic resonance imaging coils market , including forecasts for subscribers. This country databook contains high-level insights into UK magnetic resonance imaging coils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK magnetic resonance imaging coils market size, by type, 2018-2030 (US$M)
UK Magnetic Resonance Imaging Coils Market Outlook Share, 2023 & 2030 (US$M)
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