Brain Imaging and Neuroimaging Market Growing Incidence for Neurovascular Disorders across the Globe

According to Precision Business Insights (PBI), the latest report, the brain imaging and neuroimaging market size was valued at USD 35,476.7 million in 2022 and is expected to grow at a 5.9% CAGR during the forecast period 2023 to 2029. The primary drivers of the expansion of the global brain imaging and neuroimaging market include the increasing prevalence of neurodegenerative diseases. In addition, advancement of technology in brain imaging devices is expected to boost the market growth over the forecast period.

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The brain imaging and neuroimaging market is segmented based on imaging type, end user, application, and geography.
Based on the Imaging type, the market is segmented into the following:
• Functional Magnetic Resonance Imaging
• Computed Tomography
• Positron Emission Tomography
• Electro Encephalography
• Magneto Encephalography
• Near Infrared Spectroscopy
• Others

Based on the application, the market is segmented into the following:
• Parkinson's Disease
• Traumatic Brain Injury
• Epilepsy
• Dementia
• Sleep Disorders
• Others

Based on the end user, the market is segmented into the following:
• Hospitals
• Ambulatory Surgical Centers
• Clinical & Diagnostic Centers

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

Hospitals Segment is expected to Dominate the Brain Imaging and Neuroimaging Market:
Based on the end-user, the global Brain Imaging and Neuroimaging market is segmented into Hospitals, Ambulatory Surgical Centers, Clinical & Diagnostic Centers. Hospital segment is expected to account for a larger revenue share in the global brain imaging and neuroimaging market. The brain imaging and neuroimaging is a complex process that requires the use of sophisticated and expensive imaging devices which are widely available in hospitals. The increasing number of patients visiting hospitals compared to other end users is expected to boost the growth of market in this region. Furthermore, the high maintenance cost occurred in brain imaging and neuroimaging devices are expected to be significant burden in the healthcare facilities and hospital can bare such high costs. Thus, Hospital Segment is expected to dominate the brain imaging and neuro imaging market over the forecast period.

North America Brain Imaging and Neuroimaging Market:
The North America brain imaging and neuroimaging market is expected to increase over the forecast period due to increasing prevalence of neuro degenerative diseases in this region. In addition, growing number of geriatric population and presence of several market players in this region are expected to drive market growth in this region. Furthermore, increasing number of clinical trials of brain monitoring devices, well-established healthcare infrastructure, and availability of medical reimbursement in countries like the US, and Canada is expected to boost the market growth over the forecast period. The western Europe region is expected to have a significant growth in brain imaging and neuroimaging market over the forecast years.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global brain imaging and neuroimaging market further reveal that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

Key players profiles in the brain imaging and neuroimaging market report are Varian medical Systems, General Electric Company, Siemens AG, Philips Healthcare, Toshiba Medical Systems, Hitachi Medical Systems, Sanrad medical Systems Pvt. Ltd, Esaote SpA, MinFound Medical Systems Co ltd, NeuroSoft, Medtronic Plc.

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This release was published on openPR.