The global Brain Imaging and Neuroimaging Market is expected to be worth US$ 13,166.5 Million by 2022, with a 5.1% CAGR between 2022 and 2032, totaling around US$ 21,569.7 Million by 2032.
Over the last few years, the healthcare industry has been witnessing technological advances in medical devices which offer robust services to cater to patients who are suffering from brain-related diseases. Currently, brain imaging is one of the fastest-growing segments of the overall imaging market. Brain imaging is a screening method that helps the physician to analyze the activity and functioning problems of the nervous system for the treatment of various type of neurodegenerative disorders.
There are different types of scanners are available in the market to offer services in brain imaging segment. For instance, functional magnetic resonance imaging (fMRI), computed tomography (CT), positron emission tomography (PET), electroencephalography (EEG), magnetoencephalography (MEG) and near-infrared spectroscopy (NIRS) are the devices used in brain imaging. Among all, functional magnetic resonance imaging (fMRI) is a prominent one, and that provides robust information about brain activity by detecting the changes in blood oxygenation. Functional magnetic resonance imaging (fMRI) also provides anatomical and functional information about changes in blood flow to particular areas of the brain. Brain imaging is widely used in the diagnosis of neurodegenerative disorders such as Alzheimer’s disease and Parkinsonism as well as chronic diseases such as brain cancer.
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Brain Imaging and Neuroimaging Market: Drivers and Restraints
Increasing incidence of brain cancer around the world along with increasing incidence rates of neurodegenerative disorders is expected to fuel the growth of overall brain imaging market. Introduction of innovative products from key players in the imaging segment also expected to drive the overall brain imaging market. Moreover, increasing road accidents around the world is one of the key factors which is expected to drive the market during the forecast period. Technological advantages in the imaging techniques and availability of reimbursement programs for various types of imaging test including brain is also one of the drivers which is expected to increase the revenue of the brain imaging market. However, the high cost of the imaging technique is one of the major restraint for the growth of global brain imaging market. Furthermore, lack of awareness and absence of scanners in remote areas is also one of the restraint for brain imaging market
Brain Imaging and Neuroimaging Market: Overview
The global brain imaging or neuroimaging market is expected to expand at healthy CAGR owing to increasing prevalence of the neurodegenerative disorders across the world.
Brain Imaging and Neuroimaging Market: Region-wise Outlook
Geographically, the global brain imaging and neuroimaging market are classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa.
Among all the regions, North America and Western Europe is expected to dominate the overall brain imaging market, and the trend is same over the forecast period due to increasing prevalence of brain cancer as well as neurodegenerative disorders. Moreover, availability of reimbursement programs in the North America region is expected to drive the market over the forecast period. Asia Pacific region is expected to account for the third largest share of the global market followed by Eastern Europe region. Among all regions, Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.
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Brain Imaging and Neuroimaging Market: Key Players
Key players operating in the global brain imaging market are Varian Medical Systems,General Electric Company, Siemens AG, Philips Healthcare, and Toshiba Medical Systems. Siemens, Philips Healthcare, Toshiba medical systems, Hitachi Medical systems, Esaote SpA and Sanrad Medical Systems Pvt. Ltd
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Brain Imaging and Neuroimaging Market: Segmentation
The global market for brain imaging or neuroimaging is classified on the basis of imaging type, end user and geography.
Based on imaging type, the global brain imaging or neuroimaging market has been segmented as follows:
- Functional magnetic resonance imaging (fMRI)
- Computed Tomography (CT)
- Positron Emission Tomography (PET)
- Electroencephalography (EEG)
- Magnetoencephalography (MEG)
- Near infrared spectroscopy (NIRS)
Based on end user, the global global respiratory gating system market has been segmented as follows:
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Diagnostic Centers
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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