Gradient Coils for MRI Systems Market Expected to Grow at a 7.5% CAGR Through 2034 | Exactitude Consultancy

Gradient Coils for MRI System Market: Forecast to 2034

/EIN News/ -- Luton, Bedfordshire, United Kingdom, June 09, 2025 (GLOBE NEWSWIRE) -- The global gradient coils for MRI system market is witnessing substantial transformation, driven by a growing emphasis on early diagnostic imaging, advanced imaging quality, and the increasing adoption of AI technologies in healthcare. Estimated at USD 1.2 billion in 2024, the market is expected to reach around USD 2.5 billion by 2034, registering a CAGR of approximately 7.5% throughout the forecast period. This robust growth trajectory is fueled by both technological innovation and structural shifts in the healthcare landscape.

Download PDF Brochure: https://exactitudeconsultancy.com/reports/65579/gradient-coils-for-mri-system-market#request-a-sample

Market Drivers and Growth Catalysts

One of the primary drivers of this market is the increasing need for high-quality medical imaging, particularly for early diagnosis and personalized medicine. Gradient coils are integral to MRI systems, enhancing image quality and enabling precise scanning. The integration of artificial intelligence (AI) and machine learning technologies into MRI systems is further improving scan accuracy and reducing time, enhancing workflow efficiency and patient throughput.

Additionally, the growing demand for compact and portable MRI systems is driving innovation in gradient coil designs. With the rise of outpatient and ambulatory surgical centers, there is a need for more flexible imaging solutions, resulting in increased demand for advanced gradient coils capable of delivering high performance in smaller, lightweight formats.

Market Segmentation Overview

The gradient coils market can be segmented based on product type, application, end user, technology, material, and distribution channel.

By Product Type:

• Passive Gradient Coils
• Active Gradient Coils

Active gradient coils dominate the market due to their superior performance in controlling field gradients and minimizing noise. They hold approximately 65% of the market share and are particularly favored in high-field MRI systems for their precision.

By Application:

• Neurology
• Oncology
• Cardiology
• Musculoskeletal
• Others

Neurology leads the application segment with a 35% share, attributed to increasing neurological disorder cases and the demand for high-resolution imaging. Oncology follows closely, fueled by innovations in cancer detection and therapy planning.

By End User:

• Hospitals
• Diagnostic Imaging Centers
• Research Institutes

Hospitals are the largest consumers, contributing nearly 50% to the market, thanks to their significant investments in MRI technology. Diagnostic imaging centers hold a 30% share, while research institutes play a vital role in fostering innovation.

By Technology:

• Closed MRI Systems
• Open MRI Systems

Closed MRI systems dominate with about 75% market share due to their higher imaging strength and application in hospital settings. However, open MRI systems are gaining traction among claustrophobic patients and pediatric use cases.

By Material:

• Copper
• Aluminum
• Superconducting Materials

Copper remains the most commonly used material due to its cost efficiency, accounting for about 60% of the market. However, superconducting materials are gaining momentum for their energy efficiency and performance benefits in high-end MRI systems.

Browse full Report - https://exactitudeconsultancy.com/reports/65579/gradient-coils-for-mri-system-market

Market Segmentation

By Type
- Passive Gradient Coils
- Active Gradient Coils

By Application
- Neurology
- Oncology
- Cardiology
- Musculoskeletal
- Others

By End-User
- Hospitals
- Diagnostic Imaging Centers
- Research Institutes

By Technology
- Closed MRI Systems
- Open MRI Systems

By Material
- Copper
- Aluminum
- Superconducting Materials

Regional Insights

North America leads the global market with a 45% revenue share in 2024, driven by advanced healthcare infrastructure, high R&D spending, and the presence of key industry players. The region is expected to grow at a CAGR of 6.5% through 2034.

Europe holds around 30% market share, benefiting from universal healthcare coverage, public health investments, and strong demand for preventive diagnostics. Growth in the region is slightly slower, with a forecasted CAGR of 5.8%.

Asia-Pacific is emerging as the fastest-growing region, with a projected CAGR of 8.2%. Increasing healthcare spending, medical reforms, and rising awareness of MRI technologies are key factors contributing to this growth. Rapid urbanization and expanding hospital networks in countries like China and India further support market expansion.

Latin America and Middle East & Africa remain relatively smaller markets but are expected to grow steadily. Latin America is projected to grow at 3.5% CAGR, while MEA is forecasted at around 4.0%, driven by incremental infrastructure improvements and government healthcare initiatives.

Challenges and Market Restraints

Despite strong growth prospects, the market faces several obstacles. One major constraint is the high cost associated with MRI systems, including gradient coils. This limits adoption in cost-sensitive regions and small-scale healthcare facilities.

Regulatory challenges also pose hurdles. Stringent approval processes for medical devices can delay product launches and increase costs for manufacturers. Furthermore, pricing pressures due to intense competition among market players often reduce profit margins, impacting R&D investment.

Supply chain disruptions, highlighted during global crises like the COVID-19 pandemic, have also affected the availability of raw materials and components needed for gradient coil production. Delays in procurement and increased manufacturing costs can inhibit market stability.

Emerging Opportunities and Trends

New technological innovations and evolving business models are reshaping market dynamics. Companies are exploring alternative materials and improved coil designs to enhance energy efficiency and reduce device size. The demand for portable MRI units is fostering interest in lightweight, flexible gradient coils.

Business models like MRI-as-a-Service (MraaS) are gaining momentum, offering healthcare facilities an affordable alternative to outright purchasing. This model allows recurring revenue for manufacturers and expands market access to mid-tier hospitals and rural centers.

AI integration is another promising trend. As imaging software becomes more sophisticated, AI-driven optimization of gradient coil usage enhances image quality and reduces diagnostic errors. Partnerships between hardware providers and AI solution developers are expected to create next-gen MRI systems.

Furthermore, the market is benefiting from the expansion of telehealth and remote diagnostics. These applications necessitate advanced imaging tools that can be used in decentralized or home-based settings, providing a promising avenue for compact MRI systems equipped with versatile gradient coils.

Buy Now : https://exactitudeconsultancy.com/purchase/?currency=USD&type=single_user_license&report_id=65579

Competitive Landscape

Major players in the market include:

• Siemens Healthineers
• GE Healthcare
• Philips Healthcare
• Canon Medical Systems
• Hitachi Medical Systems
• Toshiba Medical Systems
• Varian Medical Systems
• Brainlab
• Shimadzu Corporation
• Esaote
• Agfa Healthcare
• Mindray Medical
• Fujifilm Holdings
• Neusoft Medical Systems
• United Imaging Healthcare

Recent Developments

In September 2023, Siemens Healthineers launched a new MRI system equipped with advanced gradient coils, designed to shorten scan times while improving image resolution. This innovation enhances operational efficiency and aligns with the growing need for faster diagnostics.

In August 2023, GE Healthcare acquired a biotechnology firm specializing in MRI contrast agents. This acquisition enables GE to provide integrated imaging solutions, combining hardware and consumables, and positioning itself as a full-spectrum MRI provider.

In July 2023, Philips Healthcare partnered with an AI technology firm to develop machine learning algorithms tailored for MRI diagnostics. The collaboration aims to enhance scanning accuracy and improve clinical decision-making.

In June 2023, Canon Medical Systems received FDA approval for its latest MRI technology featuring next-gen gradient coils. This regulatory milestone strengthens Canon's foothold in the North American market and underlines its commitment to compliance and innovation.

In May 2023, Mindray Medical introduced a new MRI system with enhanced gradient coil flexibility. The system is designed for lower-tier hospitals and developing markets, offering high performance at a lower cost, which expands access to premium diagnostic tools.

This report is also available in the following languages : Japanese (MRIシステム向け傾斜磁場コイル市場), Korean (MRI 시스템 시장용 그래디언트 코일), Chinese (MRI系统梯度线圈市场), French (Bobines de gradient pour le marché des systèmes d'IRM), German (Gradientenspulen für den MRT-Systemmarkt), and Italian (Bobine di gradiente per il mercato dei sistemi MRI), etc.

Request Sample Pages: https://exactitudeconsultancy.com/reports/65579/gradient-coils-for-mri-system-market#request-a-sample

More Research Finding –

Fetal Magnetic Resonance Imaging System Market

The global fetal magnetic resonance imaging (fMRI) system market is valued at approximately $150 million. This innovative imaging technology is essential for prenatal diagnostics, providing non-invasive insights into fetal development. The market is projected to reach around $350 million by 2034, driven by advancements in MRI technology and increasing awareness of prenatal health.

https://exactitudeconsultancy.com/reports/66467/fetal-magnetic-resonance-imaging-system-market

Magnetic Resonance Imaging Gradient Coil Market

The global market for Magnetic Resonance Imaging (MRI) Gradient Coils is valued at approximately $1.5 billion in 2024, driven by increasing demand for advanced imaging technologies and rising incidences of chronic diseases requiring precise diagnostics. The market is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.5%, reaching an estimated value of $3.1 billion by 2034.

https://exactitudeconsultancy.com/reports/66277/magnetic-resonance-imaging-gradient-coil-market

RF Coil for MRI System Market

The RF coil market for MRI systems is valued at approximately $1.2 billion in 2024, with projections indicating a surge to around $2.2 billion by 2034. This represents a robust Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/65580/rf-coil-for-mri-system-market

Superconducting Magnet for Medical MRI System Market

The global superconducting magnet market for medical MRI systems was valued at approximately $2.5 billion in 2024, with projections suggesting a growth to around $4.5 billion by 2034. This represents a robust Compound Annual Growth Rate (CAGR) of about 6.5% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/65578/superconducting-magnet-for-medical-mri-system-market

Superconducting MRI System Market

The global superconducting MRI system market is poised to reach a value of approximately $6.8 billion in 2024, driven by advancements in imaging technologies and a growing focus on precision medicine. The market is projected to expand robustly, anticipating a compound annual growth rate (CAGR) of around 5.6% from 2025 to 2034, potentially escalating to over $10 billion by the end of this forecast period.

https://exactitudeconsultancy.com/reports/65003/global-superconducting-mri-system-market

MR Neuro Imaging Market

The global MR neuroimaging market is projected to reach a value of approximately $5.1 billion in 2024, driven by advancements in imaging technologies, increasing incidence of neurological disorders, and growing demand for non-invasive diagnostic tools. Forecasted growth for the period 2025–2034 points to a market value of around $8.4 billion, reflecting a compound annual growth rate (CAGR) of approximately 5.1%.

https://exactitudeconsultancy.com/reports/63871/global-mr-neuro-imaging-market

Superconducting Magnets MRI Systems Market

The global superconducting magnets MRI systems market is valued at approximately $4.5 billion in 2024, with expectations for robust growth, poised to reach around $7.5 billion by 2034. This represents a compound annual growth rate (CAGR) of 5.2% from 2025 to 2034.

https://exactitudeconsultancy.com/reports/59535/global-superconducting-magnets-mri-systems-market

VXR Veterinary Radiological System Market

The global VXR veterinary radiological systems market is valued at approximately $650 million, driven by an increased focus on advanced diagnostic imaging techniques in veterinary medicine. The market is projected to achieve a value of $1.2 billion by 2034, reflecting the growing demand for sophisticated radiological technologies and the rising prevalence of pet diseases. This represents a Compound Annual Growth Rate (CAGR) of around 6.3% during the forecast period (2025–2034).

https://exactitudeconsultancy.com/reports/58859/global-vxr-veterinary-radiological-system-market

Diagnostic Medical Imaging Equipment Market

The global diagnostic medical imaging equipment market is projected to reach a value of approximately $49 billion in 2024, reflecting a significant surge driven by advancements in technology and increasing healthcare expenditure. The market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of around 7.5% from 2025 to 2034, reaching an estimated value of $95 billion by the end of the forecast period.

https://exactitudeconsultancy.com/reports/57398/global-diagnostic-medical-imaging-equipment-market

Superconducting Magnetic Resonance Imaging System Market

The global superconducting magnetic resonance imaging (MRI) system market is valued at approximately $7.5 billion in 2024, with projections estimating growth to around $12 billion by 2034. This indicates a robust Compound Annual Growth Rate (CAGR) of about 5% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/56895/global-superconducting-magnetic-resonance-imaging-system-market

Mobile Scan Radiology Room Market

The global mobile scan radiology room market is valued at approximately $5 billion in 2024, with projections indicating a robust growth trajectory leading to an estimated market value of $8.5 billion by 2034. This represents a Compound Annual Growth Rate (CAGR) of around 6.0% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/55860/global-mobile-scan-radiology-room-market

Medical Magnetic Resonance Imaging MRI Equipment Market

The global market for medical magnetic resonance imaging (MRI) equipment is valued at approximately $6.5 billion. The market is anticipated to grow significantly, with projections showing a value of around $9.8 billion by 2034, representing a Compound Annual Growth Rate (CAGR) of 4.3% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/52940/global-medical-magnetic-resonance-imaging-mri-equipment-market

MRI Systems Devices Market

The global MRI systems market is valued at approximately $7.2 billion, with expectations of reaching $11.5 billion by 2034, driven by technological advancements and increasing demand for diagnostic imaging. The market is projected to witness a Compound Annual Growth Rate (CAGR) of approximately 4.7% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/50513/mri-systems-devices-market

U.S. Preclinical Imaging Market

The U.S. preclinical imaging market is estimated to be valued at approximately $2.4 billion in 2024, with growth projected to reach around $4.5 billion by 2034. This growth corresponds to a Compound Annual Growth Rate (CAGR) of approximately 6.7% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/50322/u-s-preclinical-imaging-market

U.S. Digital Radiology Devices Market

The U.S. digital radiology devices market is valued at approximately $4.7 billion, driven by advancements in imaging technologies and increased demand for diagnostic imaging. The projected market value for 2034 is expected to reach around $8.6 billion, reflecting a robust growth trajectory. This translates to a Compound Annual Growth Rate (CAGR) of about 6.3% from 2025 to 2034.

https://exactitudeconsultancy.com/reports/50159/u-s-digital-radiology-devices-market

Digital Radiology Devices Market

The digital radiology devices market is valued at approximately $10.5 billion in 2024, with significant growth expected over the forecast period of 2025 to 2034, projected to reach around $18.6 billion. This growth reflects a compound annual growth rate (CAGR) of about 6.2%.

https://exactitudeconsultancy.com/reports/49308/digital-radiology-devices-market

Magnetic Resonance Imaging Scanners Market

The global magnetic resonance imaging scanners market is anticipated to grow from USD 7.72 Billion in 2023 to USD 11.96 Billion by 2030, at a CAGR of 6.45 % during the forecast period.

https://exactitudeconsultancy.com/reports/38400/magnetic-resonance-imaging-scanners-market

Irfan Tamboli (Head of Sales)
                    Phone: + 1704 266 3234
                    Email: sales@exactitudeconsultancy.com