Global MRI Coils Market is expected to grow with the CAGR of 4.1% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global MRI coils market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global MRI coils market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, In December 2020, SimonMed became the first imaging providers in outpatient procedures to deploy GE Healthcare’s SIGNA Architect 3T MRI scanner. The MRI scanner is said to be integrated with the new AIR coils which are blanket like. Their blanket like structure is light weight and folds around patient’s head to provide better imaging. These features have helped in the growth of the market and will follow the same trend in coming years.

Siemens Healthcare GmbH is dominating player in global MRI coils market. The other key players existing in the market includes GE Healthcare, Koninklijke Philips N.V., Siemens Healthcare GmbH, AURORA HEALTHCARE US CORP, NORAS MRI products, ESAOTE SPA, Hitachi, Ltd., Bruker, IMRIS, Monteris, Nael Medical - Part of NBHH Group, MEDSPIRA, and CANON MEDICAL SYSTEMS USA, INC.(a subsidiary of Canon Inc.) among others.

SIEMENS HEALTHCARE GMBH

Siemens Healthcare GmbH is headquartered in Erlangen, Germany and 1896 was founded in 1946. The company operates as a holding company which intends to operate the digital services business. The company offers broad product portfolio of innovative products in Medical Imaging, Laboratory Diagnostics, Point-Of-Care Testing, Digital Health Solutions, Value Partnership & Consulting, Services, Clinical Specialties, Accessories, OEM & Electronics, Healthcare IT and Medical Imaging is market focused category.

For instance,

• In November 2020, Siemens Healthcare GmbH participated in the SHAPE 21 Imaging Press Conference. In the conference, the company showcased their Magnetom Free.Max1. The MR1 system provides lung implant imaging with precision and is laced with artificial intelligence based automation systems to obtain superior results. This innovative MRI system will help in fuelling the market in upcoming years.

The company has presence in Europe, Asia-Pacific, Americas, Middle East and Africa. The company has various subsidiaries that are Siemens Healthcare Diagnostics S.A.E. (Egypt), Siemens Healthcare (Morocco), Siemens Healthcare K.K. (Japan), Siemens Healthineers Beteiligungen Gmbh & Co. Kg (Germany), Siemens Healthineers Ltd. (South Korea) among others.

Koninklijke Philips N.V.

Koninklijke Philips N.V. is headquartered in Amsterdam, The Netherlands and was founded in the year 1891. The company is engaged in offering diagnostic imaging, patient monitoring, image-guided therapy and health informatics and also solutions in consumer health and home care. The company offers broad product portfolio of innovative products in Advanced Molecular Nuclear Imaging, Anesthesia, Breathing and Respiratory Care, Computed Tomography, Diagnostic ECG, Diagnostic Informatics, Emergency Care & Resuscitation, Home Respiratory Care, Hospital Respiratory Care, Image Guided Therapy Devices, Image Guided Therapy Systems, Mother & Child Care, MRI Systems & Solutions, Oncology, Pathology, Patient Monitoring Solutions, Radiation Oncology, Radiography |, X-Ray & Fluoroscopy Solutions, Refurbished Systems, Ultrasound, Value Products, Ventilation and MRI Systems & Solutions is market focused category.

For instance,

• In November 2017 , Koninklijke Philips N.V. announced that they have launched new magnetic resonance (MR) imaging solutions including MR Prodiva 1.5T which was used to enhance the clinical performance, workflow and patient experience. After launching new product, the company enhanced their product portfolio and generated adequate revenue.

The company has wide global presence across the world as Europe, Americas, Asia-Pacific, Middle East and Africawith its various subsidiaries such as Philips GmbH (Germany), Philips Consumer Lifestyle B.V. (The Netherlands), Philips Medical Systems Nederland B.V. (The Netherlands), Philips Ultrasound, Inc. (U.S.), Philips Oral Healthcare, LLC (U.S.) among others.

GE HEALTHCARE

GE Healthcare is headquartered in Massachusetts, the U.S. and was founded in 1882. The company mainly focuses in the pursuit of precision health along with improved outcomes for healthcare providers and for therapy innovators around the world. The company offers broad product portfolio of innovative products in equipment, pharmaceutical imaging agents, healthcare it, command centers consulting, services, accessories, finance, product security portal, virtual care solutions and equipment is market focused category.

For instance,

• In December 2020, SimonMed became the first imaging providers in outpatient procedures to deploy GE Healthcare’s SIGNA Architect 3T MRI scanner. The MRI scanner is said to be integrated with the new AIR coils which are blanket like. Their blanket like structure is light weight and folds around patient’s head to provide better imaging. These features have helped in the growth of the market and will follow the same trend in coming years.

The company has wide global presence across Asia-Pacific, Europe, Middle East and Africa, Americas. The company has various subsidiaries such as Biacore (Sweden), GE Healthcare Dharmacon, Inc. (U.S.), Nihon Medi-Physics Co.,Ltd. (Japan), Medi-Physics, Inc. (U.S.), Hyclone Laboratories Inc (U.S.), Biosafe SA (Switzerland), ONI Medical Systems (U.S.) and Wipro GE Healthcare Pvt. Ltd. (India) among others.