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Brain Mapping Instruments Market 2024 - Consumption Analysis, Business Overview And Upcoming Trends 2033
The Business Research Company recently released a comprehensive report on the Global Brain Mapping Instruments Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
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According to The Business Research Company's, The brain mapping instruments market size has grown strongly in recent years. It will grow from $2.13 billion in 2023 to $2.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to the increasing prevalence of neurological disorders, rise in demand for real-time brain monitoring, growth in clinical trials, growth of brain mapping in psychiatry, and expansion of telemedicine.
The brain mapping instruments market size is expected to see strong growth in the next few years. It will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to increasing demand for advanced neuroimaging techniques, growing investments in neuroscience research, increasing adoption of non-invasive brain mapping technologies, growing number of clinical trials, and increasing demand for brain mapping in educational and cognitive development studies. Major trends in the forecast period include technological advancements, integration of virtual reality, personalized medicine, non-invasive brain mapping techniques, and cloud computing
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Market Drivers and Trends:
An increase in the prevalence of neurological disorders is expected to propel the growth of the brain mapping instrument market going forward. Neurological disorders are conditions affecting the brain, spinal cord, and nerves, leading to symptoms such as movement issues, cognitive decline, and sensory problems, examples including Alzheimer's, Parkinson's, epilepsy, multiple sclerosis, and stroke. The increasing prevalence of neurological disorders is due to population aging, urbanization, lifestyle changes, improved diagnostic capabilities, and environmental and infectious risk factors. Brain mapping instruments are essential in clinical practice and research, enabling deeper insights into neurological disorders and guiding personalized treatment strategies. For instance, in March 2021, according to the National Institutes of Health (NIH), a US-based government agency, currently, 6.2 million Americans are living with Alzheimer's dementia, and this number is projected to increase to 13.8 million by 2060. Therefore, the increase in the prevalence of neurological disorders drives the growth of the brain mapping instrument market.
Major companies operating in the brain mapping instrument market are focusing on developing innovative products, such as brain mapping devices, to enhance diagnostic accuracy and treatment efficacy in neurological disorders. Brain mapping devices refer to instruments used to visualize and analyze the structure and function of the brain. These devices employ various techniques such as magnetic resonance imaging (MRI), functional MRI (fMRI), electroencephalography (EEG), magnetoencephalography (MEG), and positron emission tomography (PET). For instance, in August 2022, IBS Hospital, an India-based hospital specializing in Neurology, launched Quicktome, the first brain mapping device. This innovative technology integrates advanced MRI and EEG capabilities with real-time functional imaging, offering unprecedented precision in visualizing brain structure and activity. Its key features include high-resolution imaging for detailed anatomical mapping, simultaneous EEG recording for comprehensive neural activity monitoring, and functional MRI for dynamic brain function analysis.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Siemens Healthineers, GE Healthcare, Ricoh Company Ltd., Philips Healthcare, Bio-Rad Laboratories Inc., Elekta AB, Nihon Kohden Corporation, Brainlab AG, Natus Medical Incorporated, Hitachi Medical Systems, Canon Medical Systems Corporation, Compumedics Limited, Medtronic PLC, Laureate Digital Securities Pvt Ltd., Magstim Company Limited, EB Neuro S.p.A., Brain Products GmbH, Soterix Medical Inc., Rogue Research Inc., NIRx Medical Technologies LLC, Neurosoft, Artinis Medical Systems, Gowerlabs Ltd.
Brain Mapping Instruments Market 2024 Key Insights:
• The brain mapping instruments market size is expected to see strong growth in the next few years. It will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
• Impact Of Increasing Neurological Disorders On The Growth Of The Brain Mapping Instrument
• Advancements In Brain Mapping Devices For Neurological Disorders
• North America was the largest region in the brain mapping instruments market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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