Functional Near Infrared Optical Brain Imaging Market 2021 Competitive Insights - Artinis Medical Systems, Biopac Systems Inc., Cephalon, Cortech Solutions Inc

The Functional Near Infrared Optical Brain Imaging market size is expected to be growing at a 7.76% CAGR from 2021 to 2025.

MarketInsightsReports published a new research publication on “Functional Near Infrared Optical Brain Imaging” Market Insights, to 2025 and enriched with self-explained data in presentable format. In the Functional Near Infrared Optical Brain Imaging market study you will find new evolving Trends, Drivers, Restraints, and Opportunities generated by targeting Functional Near Infrared Optical Brain Imaging market associated stakeholders. The growth of the market was mainly driven by the increasing spending across the world.

Some Of The Key Players Profiled In The Study Are-

Artinis Medical Systems, Biopac Systems Inc., Cephalon, Cortech Solutions Inc., Gowerlabs Ltd, Shimadzu Scientific Instruments, Hitachi, NIRx Medical Technologies LLC, Soterix Medical Inc., Spectratech Inc.

 Sample Report + All Related Information-
https://www.marketinsightsreports.com/reports/10192354792/functional-near-infrared-optical-brain-imaging-market-growth-trends-and-forecast-2020-2025/inquiry?Source=OpenPR&Mode=Allie

Dementia is a syndrome that involves the degradation of the cognitive function of the brain. According to the World Health Organization, in 2019, approximately 50 million people were suffering from dementia and the incidence were 10 million cases every year globally.

- Furthermore, in 2019, Brains Product UK developed a portable fNIRS system that can measure fNIRS in high density. Hence, such factors are expected to influence positively on the market. However, the presence of minimally skilled personnel to manage such advanced products may hinder the market growth.

Industry News And Updates on Functional Near Infrared Optical Brain Imaging Market-

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to hold a major market share in the global functional near infrared optical brain imaging market. Increasing geriatric population and associated neurological disorders are expected to propel the market in this region. According to the Alzheimers Association, in 2019, around 5.8 million people are suffering from Alzheimers in the United States. Moreover, almost 1 out of 10 people aged 65 and above have Alzheimers and around 1 in 3 die due to Alzheimers. Furthermore, increasing healthcare expenditure and the presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent. According to the Alzheimers Association, in 2019, Medicare and Medicaid for Alzheimers and other dementias cost up to 195 billion USD.

Key Market Trends On Functional Near Infrared Optical Brain Imaging Market-

Hospitals Segment is Expected to Hold a Major Market Share in the Functional Near Infrared Optical Brain Imaging Market

- The hospital segment is expected to be dominant in the functional near infrared optical brain imaging market due to the growing expenditure on healthcare. For instance, according to the American Hospital Association, currently, there are around 5,198 hospitals in the United States. The spending on healthcare showed a hike of 4.6% in 2018 and it was accounted that approximately 11,172 USD was spent per person, according to the Centres for Medicare & Medicaid Services.

- Furthermore, according to the data published in the Neurological Alliance, in 2016, approximately 12,736,365 hospital stays recorded were due to some or the other neurological conditions in England. It spends around 6.3 billion USD on the healthcare expenditure of these patients.

Market Segmentation On Functional Near Infrared Optical Brain Imaging-

Scope of the Report of Functional Near Infrared Optical Brain ImagingMarket Trend-

Increasing Demand for Functional Near Infrared Optical Brain Imaging as well as new opportunities in Emerging Countries.

Market Drivers-

The Functional Near Infrared Optical Brain Imaging is Considered a source to drive more growth resulting in high demand among consumers. 

Challenges-

Finding that challenges assumptions for the consumers to opt or not for Functional Near Infrared Optical Brain Imaging.

Opportunities-

Increasing Demand in the Industry for Functional Near Infrared Optical Brain Imaging by the Consumers is Providing an Opportunity for this market.

Region Included In Functional Near Infrared Optical Brain Imaging Market are-

North America

Europe

Asia-Pacific

South America

Middle East & Africa

Browse Detailed Research Insights with Table of Content-

https://www.marketinsightsreports.com/reports/10192354792/functional-near-infrared-optical-brain-imaging-market-growth-trends-and-forecast-2020-2025?Source=OpenPR&Mode=Allie

TOC Continued…!

Competitive Landscape On Functional Near Infrared Optical Brain Imaging Market-

Key Players to Forge Alliances to Create Sustainable Solutions

In a bid to speed up the research & development and production of sustainable Functional Near Infrared Optical Brain Imaging market solutions, major market players are building alliances with other industry leaders to widen the scope of their businesses. The focus of these collaborations is to formulate the growth that will make the Functional Near Infrared Optical Brain Imaging industry more profound, which in turn will future-proof these companies’ offerings.

Qualitative Insights on Impact of COVID-19 on Global Functional Near Infrared Optical Brain Imaging Market
Supply Chain Analysis & Challenges due to Covid-19
Steps taken by Government / Companies to Overcome this Impact

Potential Challenges and Opportunities due to COVID-19 Outbreak

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This release was published on openPR.