The brain mapping instruments market size is expected to see strong growth in the next few years. It will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to increasing demand for advanced neuroimaging techniques, growing investments in neuroscience research, increasing adoption of non-invasive brain mapping technologies, growing number of clinical trials, and increasing demand for brain mapping in educational and cognitive development studies. Major trends in the forecast period include technological advancements, integration of virtual reality, personalized medicine, non-invasive brain mapping techniques, and cloud computing
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Scope Of Brain Mapping Instruments Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Brain Mapping Instruments Market Overview
Market Drivers –
An increase in the prevalence of neurological disorders is expected to propel the growth of the brain mapping instrument market going forward. Neurological disorders are conditions affecting the brain, spinal cord, and nerves, leading to symptoms such as movement issues, cognitive decline, and sensory problems, examples including Alzheimer’s, Parkinson’s, epilepsy, multiple sclerosis, and stroke. The increasing prevalence of neurological disorders is due to population aging, urbanization, lifestyle changes, improved diagnostic capabilities, and environmental and infectious risk factors. Brain mapping instruments are essential in clinical practice and research, enabling deeper insights into neurological disorders and guiding personalized treatment strategies. For instance, in March 2021, according to the National Institutes of Health (NIH), a US-based government agency, currently, 6.2 million Americans are living with Alzheimer’s dementia, and this number is projected to increase to 13.8 million by 2060. Therefore, the increase in the prevalence of neurological disorders drives the growth of the brain mapping instrument market.
Market Trends –
Major companies operating in the brain mapping instrument market are focusing on developing innovative products, such as brain mapping devices, to enhance diagnostic accuracy and treatment efficacy in neurological disorders. Brain mapping devices refer to instruments used to visualize and analyze the structure and function of the brain. These devices employ various techniques such as magnetic resonance imaging (MRI), functional MRI (fMRI), electroencephalography (EEG), magnetoencephalography (MEG), and positron emission tomography (PET). For instance, in August 2022, IBS Hospital, an India-based hospital specializing in Neurology, launched Quicktome, the first brain mapping device. This innovative technology integrates advanced MRI and EEG capabilities with real-time functional imaging, offering unprecedented precision in visualizing brain structure and activity. Its key features include high-resolution imaging for detailed anatomical mapping, simultaneous EEG recording for comprehensive neural activity monitoring, and functional MRI for dynamic brain function analysis.
The brain mapping instruments market covered in this report is segmented –
1) By Product: Computed Axial Tomography (CAT), Positron Emission Tomography, Electroencephalography (EEG), Functional Near-Infrared Spectroscopy (fNIRS), Functional Magnetic Resonance Imaging (fMRI), Other Products
2) By Procedure: Devices For Invasive Procedures, Devices For Non-invasive Procedures
3) By End User: Hospitals, Ambulatory Centers
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Regional Insights –
North America was the largest region in the brain mapping instruments market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the brain mapping instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the brain mapping instruments market are Siemens Healthineers, GE Healthcare, Ricoh Company Ltd., Philips Healthcare, Bio-Rad Laboratories Inc., Elekta AB, Nihon Kohden Corporation, Brainlab AG, Natus Medical Incorporated, Hitachi Medical Systems, Canon Medical Systems Corporation, Compumedics Limited, Medtronic PLC, Laureate Digital Securities Pvt Ltd., Magstim Company Limited, EB Neuro S.p.A., Brain Products GmbH, Soterix Medical Inc., Rogue Research Inc., NIRx Medical Technologies LLC, Neurosoft, Artinis Medical Systems, Gowerlabs Ltd.
Table of Contents
1. Executive Summary
2. Brain Mapping Instruments Market Report Structure
3. Brain Mapping Instruments Market Trends And Strategies
4. Brain Mapping Instruments Market – Macro Economic Scenario
5. Brain Mapping Instruments Market Size And Growth
…..
27. Brain Mapping Instruments Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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