Press release
Global Brain Mapping Instruments Market to Reach $3.19 Billion by 2029, Growing at 6.9% CAGR
Brain Mapping Instrumentsh
The projected uptick in neurological conditions is anticipated to spur the expansion of the brain mapping instrument industry. Neurological diseases, which impact the brain, spinal cord, and nervous system manifesting symptoms such as locomotive difficulties, cognitive deterioration, and sensory problems can include Alzheimer's, Parkinson's, epilepsy, multiple sclerosis, and stroke. The rise in these disorders is attributable to factors such as ageing population, urbanization, lifestyle modifications, enhanced diagnostics, and environmental and infectious risk elements. Brain mapping tools play a pivotal role in medical and research contexts, fostering a greater understanding of neurological disorders and facilitating bespoke treatment plans. For instance, data from the Alzheimer's Association revealed that in March 2023, approximately 6.7 million Americans over the age of 65 in the US were diagnosed with Alzheimer's dementia, a neurological ailment. Moreover, by 2060, the population aged 65 and above suffering from Alzheimer's dementia is estimated to rise to 13.8 million. Consequently, the growing prevalence of neurological diseases is fuelling the growth of the brain mapping instrument marketplace.
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What Is the projected market size and growth rate for the brain mapping instruments market?
The market size of brain mapping instruments has witnessed substantial growth in the recent past. The forecasted growth sees an increase from $2.27 billion in 2024 to approximately $2.44 billion in 2025. This represents a compound annual growth rate (CAGR) of 7.3%. Factors that contribute to this rising trend during the historical period include an increased occurrence of neurological disorders, higher demand for real-time monitoring of brains, an increase in clinical trials, the growth of brain mapping within psychiatry, and the broadening scope of telemedicine.
In the coming years, the brain mapping instruments market is predicted to witness robust growth, with an estimate to reach $3.19 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 6.9%. Factors stimulating growth during the forecast period include escalating demand for high-tech neuroimaging methods, rising investment in neuroscience studies, expanding usage of non-invasive brain mapping technologies, increasing clinical trials, and active demand for brain mapping in the field of education and cognitive development studies. Significant trends for the forecast period incorporate technological progression, the incorporation of virtual reality, individualized medicine, non-invasive brain mapping techniques, and the emergence of cloud computing.
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What new trends are reshaping the brain mapping instruments market and its opportunities?
Renowned corporations in the brain mapping instrument market are striving to create groundbreaking products such as brain mapping apparatus to increase precision in diagnosis and effectiveness in the treatment of neurological disorders. The term "brain mapping devices" describes tools designed to capture and study the formation and functionality of the brain. These tools use a variety of techniques like magnetic resonance imaging (MRI), functional MRI (fMRI), electroencephalography (EEG), magnetoencephalography (MEG), and positron emission tomography (PET). For example, IBS Hospital, a Neuroscience-focused hospital based in India, launched Quicktome, a pioneering brain-mapping device, in August 2022. This cutting-edge technology marries advanced MRI and EEG capabilities with live functional imaging, promising unparalleled in-depth visualization of the brain's structure and activities. The main attributes of this device encompass high-definition imaging for meticulous anatomical mapping, combined EEG recording for all-encompassing neural activity observation, and functional MRI for in-depth analysis of brain function.
What major market segments define the scope and growth of the brain mapping instruments market?
The brain mapping instruments market covered in this report is segmented -
1) By Product: Computed Axial Tomography (CAT), Positron Emission Tomography, Electroencephalography (EEG), Functional Near-Infrared Spectroscopy (FNIRS), Functional Magnetic Resonance Imaging (FMRI), Other Products
2) By Procedure: Devices For Invasive Procedures, Devices For Non-invasive Procedures
3) By End User: Hospitals, Ambulatory Centers
Subsegments:
1) By Computed Axial Tomography (CAT): Conventional CT Scanners, High-Resolution CT Scanners, Portable CT Scanners
2) By Positron Emission Tomography (PET): PET Scanners (Standalone), Hybrid PET/CT Scanners, PET/MRI Scanners
3) By Electroencephalography (EEG): Digital EEG Systems, Ambulatory EEG Systems, Video EEG Monitoring Systems
4) By Functional Near-Infrared Spectroscopy (FNIRS): Continuous Wave Fnirs Systems, Frequency Domain Fnirs Systems, Hybrid Fnirs Systems
5) By Functional Magnetic Resonance Imaging (FMRI): Resting-State Fmri, Task-Based Fmri, High-Field MRI Systems
6) By Other Products: Magnetoencephalography (MEG) Systems, Near-Infrared Spectroscopy (NIRS) Devices, Transcranial Magnetic Stimulation (TMS) Systems
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Which region dominates the brain mapping instruments market?
North America was the largest region in the brain mapping instruments market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the brain mapping instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the brain mapping instruments industry growth?
Major companies operating in the brain mapping instruments market are 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.
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What Is Covered In The Brain Mapping Instruments Global Market Report?
•Market Size Forecast: Examine the brain mapping instruments market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the brain mapping instruments market for a structured understanding.
•Key Players Overview: Analyze major players in the brain mapping instruments market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the brain mapping instruments market.
•Segment Contributions: Evaluate how different segments drive overall growth in the brain mapping instruments market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the brain mapping instruments market.
•Industry Challenges: Identify potential risks and obstacles affecting the brain mapping instruments market.
•Competitive Landscape: Review strategic developments in the brain mapping instruments market, including expansions, agreements, and new product launches.
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