fNIR Optical Brain Imaging System Market 2022 Size-Share with Top Companies, Regional Growth Rate, Trends Future Opportunities and Global Industry Analysis Forecast to 2027

The fNIR Optical Brain Imaging System Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global fNIR Optical Brain Imaging System Market Size is Projected to Reach at a CAGR of 11% during 2022-2027.

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Global fNIRS Brain Imaging System Market: Overview 

Functional near-infrared spectroscopy (fNIRS) is largely a non-invasive optical imaging technique used to assess neuronal activity and indirectly investigate cognitive development. The vast popularity of fNIRS brain imaging methods has stemmed from its ease of application in various ecologically valid settings, affordability of the modality, and portability. Moreover, it is widely used in assessing the neuronal activity in healthy as well diseases subjects, humans and animals. The system measures the activity by capturing the hemodynamic response in the brain using near-infrared radiation.  Over the past few years, fNIRS is used widely to complement conventional imaging modalities, such as functional magnetic resonance imaging (fMRI), in identifying abnormalities in people suffering from any neurological and psychiatric disorder by taking a non-invasive look at cortical activity. The system has also been increasingly used by scientists over the globe to support their rehabilitation research, sports sciences, and psychology.  The report offers evidence-based, in-depth insights into the various market dynamics, major technological advances, and gives a clear overview of the strategic landscape. The insights help market participants identify emerging opportunities and track prevailing lucrative avenues, which is helpful in imparting a holistic understanding of the market. 

Top Leading Companies:

Hitachi, Shimadzu Corporation, NIRx, ISS, Biopac, Techen, Artinis, Gowerlabs, Spectratech

Recent Development:

Hitachi has acquired 16 companies, including 5 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 5 assets. Hitachi’s largest acquisition to date was in 2021 when it acquired Thales’s Ground Transportation Systems for $1.9B. Its largest disclosed sale occurred in 2011 when it sold HGST to Western Digital for $4.3B. Hitachi has acquired in 4 different US states, and 10 countries. The Company’s most targeted sectors include information technology (38%) and machinery (13%). Hitachi, Ltd. provides various systems, products, and services for information systems, electronic devices, power and industrial systems, consumer products, materials, and financial services sectors worldwide. Hitachi was founded in 1910 and is based in Tokyo, Japan.

Biopac is now officially trading as BioPak UK Ltd following a merger with Australia’s leading eco-friendly packaging company, BioPak Pty. Last year, both Biopac UK and BioPak Pty (Australia) were acquired by Duni AB, a leading global company supplying creative sustainable packaging, tabletop and takeaway solutions. Since establishing Biopac in 2002, co-founders Mark Brigden and Eric Graham have played a pivotal role in the research and development of eco-friendly packaging. They quickly became market leaders, with the business experiencing high growth as UK consumers became increasingly aware of the environmental effects of single-use plastics.

fNIR Optical Brain Imaging System Market Segmentation by Type:

University
Hospital
Research Institution
Others

fNIR Optical Brain Imaging System Market Segmentation by Application:

Desk Type
Portable Type

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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. The increasing geriatric population and associated neurological disorders are expected to propel the market in this region. According to the Alzheimer’s Association, in 2019, around 5.8 million people are suffering from Alzheimer’s in the United States. Moreover, almost 1 out of 10 people aged 65 and above have Alzheimer’s and around 1 in 3 die due to Alzheimer’s. 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 Alzheimer’s Association, in 2019, Medicare and Medicaid for Alzheimer’s and other dementias cost up to 195 billion USD.

Regional fNIR Optical Brain Imaging System Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the fNIR Optical Brain Imaging System Market Report:

Detailed overview of fNIR Optical Brain Imaging System Market
Changing the fNIR Optical Brain Imaging System market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected fNIR Optical Brain Imaging System market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of fNIR Optical Brain Imaging System Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the fNIR Optical Brain Imaging System Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. fNIR Optical Brain Imaging System industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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