Press release
Impact Of Increasing Neurological Disorders On The Growth Of The Brain Mapping Instrument : An Emerging Driver Transforming The Brain Mapping Instruments Market Landscape
Brain Mapping Instruments Market Size
What Is the Projected Growth of the Brain Mapping Instruments Market?
The brain mapping instruments market has experienced strong growth in recent years. It will grow from $2.27 billion in 2024 to $2.44 billion in 2025, at a compound annual growth rate (CAGR) of 7.3%. This growth is attributed to the rising prevalence of neurological disorders, the demand for real-time brain monitoring, an increase in clinical trials, the use of brain mapping in psychiatry, and the expansion of telemedicine.
The brain mapping instruments market is expected to grow to $3.19 billion by 2029 at a CAGR of 6.9%. The increase is attributed to a growing demand for advanced neuroimaging, more investments in neuroscience research, wider adoption of non-invasive mapping technologies, more clinical trials, and increased demand for brain mapping in education and cognitive studies. Major trends include technological advancements, integration of virtual reality, personalized medicine, non-invasive mapping methods, and cloud computing.
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What Are the Different Brain Mapping Instruments Market Segments?
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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What Are the Primary Drivers Shaping the Brain Mapping Instruments Market?
The increasing prevalence of neurological disorders is expected to drive the growth of the brain mapping instrument market. Neurological disorders are rising due to population aging, lifestyle changes, and improved diagnostics. Brain mapping instruments help understand these conditions and guide personalized treatments. The Alzheimer's Association reported in March 2023 that 6.7 million Americans aged 65 and older had Alzheimer's dementia, and this number is projected to increase to 13.8 million by 2060, fueling the demand for brain mapping instruments.
Which Companies Are Leading in the Brain Mapping Instruments Market?
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.
What Trends Are Driving Growth in The Brain Mapping Instruments Market?
Major companies in the brain mapping instrument market are focused on developing innovative products, such as brain mapping devices, to improve diagnostic accuracy and treatment effectiveness for neurological disorders. Brain mapping devices are tools used to visualize and analyze brain structure and function, employing techniques like MRI, fMRI, EEG, MEG, and PET. In August 2022, IBS Hospital, an India-based neurology hospital, introduced Quicktome, a brain mapping device combining MRI and EEG for precise imaging and real-time functional brain activity analysis.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Brain Mapping Instruments Market?
2. What is the CAGR expected in the Brain Mapping Instruments Market?
3. What Are the Key Innovations Transforming the Brain Mapping Instruments Industry?
4. Which Region Is Leading the Brain Mapping Instruments Market?
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