Market Overview:
The global wrist coil market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for wrist coils from hospitals, clinics, and other end-users. Additionally, the growing awareness about MRI scans and their benefits is also contributing to the growth of the global wrist coil market. Based on type, the global wrist coil market can be segmented into less than 8 channels, 8-16 channels, and more than 16 channels. The 8-16 channel segment is expected to account for a major share of the global wrist coil market in 2018 owing to its high demand from hospitals and clinics across regions. By application, hospitals are expected to account for a major share of the global wrist coil market in 2018 followed by clinics and others.
Product Definition:
A wrist coil is a small, coiled spring that is worn around the wrist. It is used to store excess chain or cord so that it does not get in the way. Wrist coils are also used to keep track of important items, such as keys, by attaching them to the coil.
Less Than 8 Channels:
The global less than 8 channels market size was valued at USD 1.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing adoption of less than 8 channel technology by healthcare providers for various applications such as interventional cardiology, endovascular procedures, neurovascular procedures, and peripheral vascular interventions is driving the growth of this market globally.
8-16 Channels:
8-16 channels wrist coil is a device used for measuring the electrical activity of the patient’s wrist. It helps in monitoring and diagnosing various disorders related to nerves, muscles, tendons and joints of the hand & arm. 8-16 channel's wrist coil has become an essential tool for clinical research in neurology, orthopedics & musculoskeletal medicine as well as physical therapy applications.
Application Insights:
The others segment held the largest share of more than 50.0% in 2017 and is expected to witness significant growth over the forecast period owing to increasing application areas, such as home healthcare, physical therapy clinics and imaging centers. The hospital segment is also anticipated to exhibit a lucrative CAGR during the same period due to rising prevalence of diseases that require surgery on a regular basis.
Infectious diseases are one of the major causes leading to emergency department (ED) visits, which results in increased utilization of wrist coils for treatment purposes at hospitals across various regions including North America and Europe. According with data published by WHO in 2018 regarding deaths caused by infectious diseases, about 10-30 million people die from them every year globally which accounts for about 3-15% of total deaths worldwide annually depending upon type and severity of infection respectively.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, increasing geriatric population, and high healthcare expenditure. In addition, an increase in sports activities is also expected to drive the demand for these products over the forecast period. Asia Pacific is expected to grow at a lucrative rate over the forecast period due to rising disposable income and improving healthcare infrastructure. Moreover, an increase in medical tourism due to affordable treatment options will further propel regional growth during the forecast period. Europe accounted for a significant share of revenue generation owing its well-established healthcare sector coupled with growing patient awareness levels regarding advanced minimally invasive surgeries such as wrist replacement surgeries.
Major companies operating in this industry include Becton; Dickinson.
Growth Factors:
- Increasing demand for wearable devices: The global wrist coil market is expected to grow at a CAGR of over 9% during the forecast period, owing to the increasing demand for wearable devices. This is mainly because of the growing awareness about health and fitness among people.
- Rising disposable income: The growth of the wrist coil market is also attributed to the rising disposable income in developing countries such as India and China. This has led to an increase in consumer spending on luxury items, including wearable devices.
- Growing popularity of smart watches: Another key factor driving the growth of this market is the growing popularity of smart watches, which are equipped with sensors that track various physical activities such as heart rate, steps taken, and calories burned. This helps users keep a tab on their physical activity levels and improve their overall health & fitness outcomes..
Scope Of The Report
Report Attributes
Report Details
Report Title
Wrist Coil Market Research Report
By Type
Less Than 8 Channels, 8-16 Channels, More Than 16 Channels
By Application
Hospitals, Clinics, Others
By Companies
Siemens Healthineers, GE, Philips, Hitachi, Canon Medical Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Wrist Coil Market Report Segments:
The global Wrist Coil market is segmented on the basis of:
Types
Less Than 8 Channels, 8-16 Channels, More Than 16 Channels
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens Healthineers
- GE
- Philips
- Hitachi
- Canon Medical Systems
Highlights of The Wrist Coil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Less Than 8 Channels
- 8-16 Channels
- More Than 16 Channels
- By Application:
- Hospitals
- Clinics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wrist Coil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A wrist coil is a medical device that is placed on the upper arm to help relieve pain in the shoulder.
Some of the key players operating in the wrist coil market are Siemens Healthineers, GE, Philips, Hitachi, Canon Medical Systems.
The wrist coil market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wrist Coil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wrist Coil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wrist Coil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wrist Coil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wrist Coil Market Size & Forecast, 2018-2028
4.5.1 Wrist Coil Market Size and Y-o-Y Growth
4.5.2 Wrist Coil Market Absolute $ Opportunity
Chapter 5 Global Wrist Coil Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Wrist Coil Market Size Forecast by Type
5.2.1 Less Than 8 Channels
5.2.2 8-16 Channels
5.2.3 More Than 16 Channels
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wrist Coil Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Wrist Coil Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wrist Coil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wrist Coil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Wrist Coil Analysis and Forecast
9.1 Introduction
9.2 North America Wrist Coil Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Wrist Coil Market Size Forecast by Type
9.6.1 Less Than 8 Channels
9.6.2 8-16 Channels
9.6.3 More Than 16 Channels
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Wrist Coil Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Wrist Coil Analysis and Forecast
10.1 Introduction
10.2 Europe Wrist Coil Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Wrist Coil Market Size Forecast by Type
10.6.1 Less Than 8 Channels
10.6.2 8-16 Channels
10.6.3 More Than 16 Channels
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Wrist Coil Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Wrist Coil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wrist Coil Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Wrist Coil Market Size Forecast by Type
11.6.1 Less Than 8 Channels
11.6.2 8-16 Channels
11.6.3 More Than 16 Channels
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Wrist Coil Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Wrist Coil Analysis and Forecast
12.1 Introduction
12.2 Latin America Wrist Coil Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Wrist Coil Market Size Forecast by Type
12.6.1 Less Than 8 Channels
12.6.2 8-16 Channels
12.6.3 More Than 16 Channels
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Wrist Coil Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Wrist Coil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wrist Coil Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Wrist Coil Market Size Forecast by Type
13.6.1 Less Than 8 Channels
13.6.2 8-16 Channels
13.6.3 More Than 16 Channels
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Wrist Coil Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wrist Coil Market: Competitive Dashboard
14.2 Global Wrist Coil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens Healthineers
14.3.2 GE
14.3.3 Philips
14.3.4 Hitachi
14.3.5 Canon Medical Systems
