Global Brain And Neuroimaging Devices Market Growth Drivers Forecast 2024 - 2033
19 Apr, 2024
The brain and neuroimaging devices market has experienced robust growth, rising from $37.53 billion in 2023 to $39.66 billion in 2024, reflecting a notable 5.7% CAGR. This growth trajectory is fueled by the imperative need for diagnosing and treating neurological disorders, the aging demographic profile worldwide, ongoing research in brain mapping and connectivity, and the expanding market reach in emerging economies. Looking forward, the market is poised to expand further, with projections indicating a valuation of $48.66 billion by 2028, underpinned by a sustainable 5.2% CAGR. Driving forces behind this growth include supportive regulatory frameworks, advancements in personalized medicine initiatives, the integration of AI and telemedicine solutions, and the increasing focus on early diagnostic interventions.
Major Driver In The Brain And Neuroimaging Devices Market
The escalating incidence of neurological disorders is creating a burgeoning market demand. According to the European Academy of Neurology, one in three individuals was affected by a neurological disease in 202Neuroimaging devices play a pivotal role in facilitating diagnosis, thereby improving survival rates and disease management. This upward trend in neurological disorders is anticipated to be a major driver for the growth of the brain and neuroimaging devices market.
Request A Free Sample Of The Global Brain And Neuroimaging Devices Market ReportBrain And Neuroimaging Devices Market Competitive Landscape
GE HealthCare, Siemens AG, Koninklijke Philips, Canon Medical Systems Corporation, Hitachi Medical Systems, Medtronic Plc., EB Neuro S.p.A., Neurosoft, MinFound Medical Systems Co. Ltd., Elekta, Varian Medical Systems, Toshiba Corporation, Shimadzu Corporation, Agilent Technologies Inc., Waters Corporation, Bruker Corporation, PerkinElmer Inc., Luminex Corporation, Bio-Rad Laboratories Inc., Carl Zeiss Meditec AG, Fujifilm Holdings Corporation, Hologic Inc., Nihon Kohden Corporation, Natus Medical Incorporated, RIMED Ltd., Advanced Brain Monitoring Inc., Intranerve Neuroscience Holdings LLC., Nuvasive Inc., SpecialtyCare Inc.
Key Brain And Neuroimaging Devices Market Trend
The development of portable brain scanners aims to revolutionize brain imaging accessibility. EMVision Medical Devices and Queensland University introduce technology enabling brain scanning in diverse locations. University College London's portable MEG brain scanner offers improved imaging for patients with movement disorders like epilepsy, enhancing diagnostic opportunities even during natural movements.
Get The Full Global Brain And Neuroimaging Devices Market ReportBrain And Neuroimaging Devices Market Segmentation
The brain and neuroimaging devices market covered in this report is segmented –
1) By Imaging Type: Functional Magnetic Resonance Imaging (fMRI), Computed Tomography (CT), Positron Emission Tomography (PET), Electroencephalography (EEG), Magneto Encephalography (MEG), Other Imaging Types
2) By Application: Parkinson’s Disease, Traumatic Brain Injury, Epilepsy, Dementia, Sleep Disorders, Other Applications
3) By End-user: Hospitals, Diagnostic Centres, Ambulatory Surgical Centres
By Geography: The regions covered in the brain and neuroimaging devices market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Western Europe was the largest region in the brain and neuroimaging devices market in 2023. North America was the second-largest region in the global brain and neuroimaging devices market report. Africa. was the smallest region in the brain and neuroimaging devices market. The regions covered in the brain and neuroimaging devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Brain And Neuroimaging Devices Global Market Report 2024 furnishes information about the global brain and neuroimaging devicesmarket, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.