Europe MRI Coils Market - Size, Share, Demand, Industry Trends and Opportunities
Europe MRI Coils Market, By Product Type (Phased-Array, Quadrature), Type (Volume Coils, Gradient Coils, Radiofrequency Coils, Surface, Others), Application (Neuroimaging, Cardiovascular, Musculoskeletal, Gastrointestinal, Pediatric, Breast, Others), End User (Hospitals, Diagnostic Imaging Centre, Others), Distribution Channel (Direct Tenders, Retail Sales), Country (Germany, France, U.K., Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, Ireland and Rest of Europe) Industry Trends
The MRI coils market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 3.7% in the forecast period of 2021 to 2028 and is expected to reach USD 110.53 million by 2028. Increase in prevalence of chronic diseases and rising geriatric population is anticipated to drive the growth of the market.
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**Segments**
The Europe MRI Coils Market can be segmented based on coil type, application, end-user, and country. In terms of coil type, the market can be categorized into receive-only coils, transmit-only coils, and transmit-receive coils. Receive-only coils are predominantly used for signal detection and reception, while transmit-only coils are focused on signal transmission. Transmit-receive coils, also known as volume coils, are versatile in their ability to both transmit and receive signals during MRI procedures. When considering applications, the market segments include brain imaging, spine imaging, cardiac imaging, breast imaging, abdominal imaging, and others. Each application area has specific requirements for MRI coils to ensure optimal imaging quality. Furthermore, the end-user segmentation comprises hospitals, diagnostic imaging centers, research institutes, and others. The choice of MRI coils may vary depending on the end-user's specific needs and imaging protocols. Geographically, the Europe MRI Coils Market is segmented into countries such as Germany, France, the United Kingdom, Italy, Spain, Russia, and the rest of Europe.
**Market Players**
- GE Healthcare
- Siemens Healthineers
- Koninklijke Philips N.V.
- Canon Medical Systems Corporation
- Hitachi, Ltd.
- ESAOTE SPA
- Bruker
- Aspect Imaging
- MR Instruments, Inc.
- Diagnostic Imaging Systems
The Europe MRI Coils Market is witnessing significant growth due to several key factors. One of the primary growth drivers is the increasing prevalence of chronic diseases that require accurate diagnostic imaging for effective treatment planning. MRI coils play a crucial role in enhancing image quality and diagnostic accuracy, thereby driving their demand in the healthcare sector. Moreover, technological advancements in MRI coil design, such as the development of multi-channel coils and phased array coils, have improved imaging resolution and reduced scan times, further boosting market growth. The rising adoption of MRI technology for various applications, including neuroimaging, musculoskeletal imaging, and oncology, is also contributing to the market expansion.
However, the Europe MRI Coils Market faces challenges that could potentially hinder its growth trajectory. One of the key challenges is the high cost associated with MRI equipment and accessories, including coils, which may limit their adoption, particularly in resource-constrained healthcare settings. Additionally, the regulatory complexities and stringent approval processes for medical devices in Europe pose challenges for market players in terms of product commercialization and market entry. Furthermore, the COVID-19 pandemic has impacted the overall healthcare industry, leading to delays in elective procedures and diagnostic imaging services, which could have a temporary dampening effect on the demand for MRI coils.
In conclusion, the Europe MRI Coils Market is poised for steady growth driven by technological advancements, increasing healthcare expenditure, and the growing demand for advanced diagnostic imaging solutions. Market players need to focus on innovation, strategic partnerships, and geographic expansion to capitalize on emerging opportunities in this dynamic market landscape.
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Major Points Covered in TOC:
Europe MRI Coils Market Overview: It incorporates six sections, research scope, significant makers covered, market fragments by type, Europe MRI Coils Market portions by application, study goals, and years considered.
Europe MRI Coils Market Landscape: Here, the opposition in the Worldwide Europe MRI Coils Market is dissected, by value, income, deals, and piece of the pie by organization, market rate, cutthroat circumstances Landscape, and most recent patterns, consolidation, development, obtaining, and portions of the overall industry of top organizations.
Europe MRI Coils MarketProfiles of Manufacturers: Here, driving players of the worldwide Europe MRI Coils Market are considered dependent on deals region, key items, net edge, income, cost, and creation.
Europe MRI Coils Market Status and Outlook by Region: In this segment, the report examines about net edge, deals, income, creation, portion of the overall industry, , and market size by locale. Here, the worldwide Europe MRI Coils Market is profoundly examined based on areas
Europe MRI Coils MarketApplication or End User: This segment of the exploration study shows how extraordinary end-client/application sections add to the worldwide Europe MRI Coils Market.
Europe MRI Coils Market Forecast: Production Side: In this piece of the report, the creators have zeroed in on creation and creation esteem conjecture, key makers gauge, and creation and creation esteem estimate by type.
Europe MRI Coils MarketResearch Findings and Conclusion: This is one of the last segments of the report where the discoveries of the investigators and the finish of the exploration study are given.
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