Brain And Neuroimaging Devices Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers

How Will the Brain And Neuroimaging Devices Market Grow, and What Is the Projected Market Size?
The market size for brain and neuroimaging devices has seen significant growth in the past few years. The market, which is projected to rise from $40.65 billion in 2024 to $43.03 billion in 2025, is expected to experience a compound annual growth rate (CAGR) of 5.8%. Key factors contributing to the historic growth includes the diagnosis and treatment of neurological disorders, an aging population, research on brain mapping and connectivity, and the expansion in emerging markets.

In the ensuing years, the brain and neuroimaging devices market is predicted to experience robust growth. The market is forecasted to expand to $54.73 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 6.2%. The projected growth during the prediction period can be credited to factors such as regulatory backing, personalized treatments, target-oriented therapies, and value-driven healthcare initiatives. High-resolution imaging, multimodal imaging, portable neuroimaging devices, and connectivity and functional imaging are some of the major trends expected during the forecast period.

What Key Elements Are Boosting Growth in the Brain And Neuroimaging Devices Market?
The surge in the occurrence of neurological illnesses is predicted to spur the growth of the market. Based on a study by the European Academy of Neurology, a third of the population in 2022 is afflicted with a neurological condition, and mortalities resulting from neurological ailments have risen almost 40% in the past three decades. Brain and neuroimaging tools assist in identifying these neurological disorders, thereby improving the chances of survival and treatment management. This elevated rate of incidence is anticipated to propel the market for brain and neuroimaging devices.

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Who Are the Major Industry Players Fueling Brain And Neuroimaging Devices Market Expansion?
Major companies operating in the brain and neuroimaging devices market include GE HealthCare, Siemens AG, Koninklijke Philips, Canon Medical Systems Corporation, Hitachi Medical Systems, Medtronic Plc., EB Neuro S.p.A., Neurosoft, MinFound Medical Systems Co. Ltd., Elekta, Varian Medical Systems, Toshiba Corporation, Shimadzu Corporation, Agilent Technologies Inc., Waters Corporation, Bruker Corporation, PerkinElmer Inc., Luminex Corporation, Bio-Rad Laboratories Inc., Carl Zeiss Meditec AG, Fujifilm Holdings Corporation, Hologic Inc., Nihon Kohden Corporation, Natus Medical Incorporated, RIMED Ltd., Advanced Brain Monitoring Inc., Intranerve Neuroscience Holdings LLC., Nuvasive Inc., SpecialtyCare Inc.

Which Key Developments Are Influencing the Brain And Neuroimaging Devices Market?
The focus shifts to the development of portable brain scanners by companies and scientists, envisioning a revolution in brain imaging, courtesy of lower device costs and heightened accessibility. A portable brain scanner technology has been developed through the collaborative efforts of EMVision Medical Devices and scholars from Queensland University, offering the flexibility to perform brain scans virtually anywhere. A helmet-like lightweight portable MEG brain scanner has been created by the researchers at University College London, enabling the assessment of brain activity even amidst natural movements. This innovation is particularly beneficial to patients suffering from conditions that result in involuntary body movements like epilepsy, enhancing their imaging prospects.

How Is the Segmentation of the Brain And Neuroimaging Devices Market Defined?
The brain and neuroimaging devices market covered in this report is segmented -

1) By Imaging Type: Functional Magnetic Resonance Imaging (FMRI), Computed Tomography (CT), Positron Emission Tomography (PET), Electroencephalography (EEG), Magneto Encephalography (MEG), Other Imaging Types
2) By Application: Parkinson's Disease, Traumatic Brain Injury, Epilepsy, Dementia, Sleep Disorders, Other Applications
3) By End-User: Hospitals, Diagnostic Centres, Ambulatory Surgical Centres

Subsegments:
1) By Functional Magnetic Resonance Imaging (FMRI): Resting-State FMRI, Task-Based FMRI, Diffusion Tensor Imaging (DTI) With FMRI
2) By Computed Tomography (CT): X-ray CT, Positron Emission Tomography (PET) Or CT Hybrid Imaging, Multi-Slice CT
3) By Positron Emission Tomography (PET): PET Or CT, PET Or MRI
4) By Electroencephalography (EEG): Conventional EEG, Ambulatory EEG, High-Density EEG
5) By Magnetoencephalography (MEG): Whole-Head MEG, Electromagnetic Source Imaging (ESI) With MEG
6) By Other Imaging Types: Near-Infrared Spectroscopy (NIRS), Transcranial Magnetic Stimulation (TMS), Optical Coherence Tomography (OCT)

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What Is the Leading Region in the Brain And Neuroimaging Devices Market?
Western Europe was the largest region in the brain and neuroimaging devices market in 2023. North America was the second-largest region in the global brain and neuroimaging devices market report. Africa. was the smallest region in the brain and neuroimaging devices market. The regions covered in the brain and neuroimaging devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Is Covered In The Brain And Neuroimaging Devices Global Market Report?

- Market Size Analysis: Analyze the Brain And Neuroimaging Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Brain And Neuroimaging Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Brain And Neuroimaging Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Brain And Neuroimaging Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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