Overview and Scope
Brain and neuroimaging devices are medical devices used to capture the structure, function, or pharmacology of the brain and locate areas affected by neurological disorders.
Sizing and Forecast
The brain and neuroimaging devices market size has grown strongly in recent years. It will grow from <b>$37.53 billion in 2023 to $39.66 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. </b> The growth in the historic period can be attributed to diagnosis and treatment of neurological disorders, aging population, brain mapping and connectivity research, emerging markets growth.
The brain and neuroimaging devices market size is expected to see strong growth in the next few years. It will grow to <b>$48.66 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. </b> The growth in the forecast period can be attributed to regulatory support, personalized medicine, targeted therapies, value-based healthcare. Major trends in the forecast period include high-resolution imaging, multimodal imaging, wearable neuroimaging, connectivity and functional imaging.
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Segmentation & Regional Insights
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
<b>Western Europe</b> was the largest region in the brain and neuroimaging devices market in 2023. <b>North America</b> 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.
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Major Driver Impacting Market Growth
An increase in the incidence of neurological disorders is expected to drive the market. According to a report by the European Academy of Neurology, 1 in 3 people in 2022 are affected by a neurological disease and the number of deaths due to neurological disorders increased by almost 40% in the last 30 years. Brain and neuroimaging devices are used to diagnose neurological disorders increasing the survival rate and management of the disease. This increasing incidence rate is expected to drive the brain and neuroimaging devices market.
Key Industry Players
Major companies operating in the brain and neuroimaging devices market include <b> 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. </b>
The brain and neuroimaging devices market report table of contents includes:
1. Executive Summary
2. Brain And Neuroimaging Devices Market Characteristics
3. Brain And Neuroimaging Devices Market Trends And Strategies
4. Brain And Neuroimaging Devices Market – Macro Economic Scenario
5. Global Brain And Neuroimaging Devices Market Size and Growth
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26. South America Brain And Neuroimaging Devices Market
27. Brazil Brain And Neuroimaging Devices Market
28. Middle East Brain And Neuroimaging Devices Market
29. Africa Brain And Neuroimaging Devices Market
30. Brain And Neuroimaging Devices Market Competitive Landscape And Company Profiles
Top Major Players:
- GE HealthCare
- Siemens AG
- Koninklijke Philips
- Canon Medical Systems Corporation
- Hitachi Medical Systems
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