Emerging Trends to Drive Brain Mapping Instruments Market Growth at 6.6% CAGR Through 2029

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Brain Mapping Instruments Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size for brain mapping instruments has seen robust growth. It is projected to expand from a value of $2.27 billion in 2024 to $2.42 billion in 2025, marking a compound annual growth rate (CAGR) of 6.5%. The prior period growth can be linked to the growing incidence of neurological disorders, emerging demand for real-time brain monitoring, an increase in clinical trials, the advancement of brain mapping in psychiatry, and the broadening reach of telemedicine.

How Will the Brain Mapping Instruments Market Size Evolve and Grow by 2029?
Predictions suggest a robust expansion of the brain mapping instruments market in the forthcoming years, with a projected size of $3.13 billion by 2029 showing a compound annual growth rate (CAGR) of 6.6%. The projected growth during the forecasted period might be due to the rise in demand for cutting-edge neuroimaging techniques, increased funding provided for neuroscience research, growing implementation of non-invasive brain mapping technologies, an increased number of clinical trials, and escalating requirement for brain mapping in educational and cognitive development research. Predominant trends for the forecast period encompass technological breakthroughs, virtual reality integration, personalized healthcare, non-invasive brain mapping protocols, and cloud computing.

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What Drivers Are Propelling the Growth of Brain Mapping Instruments Market Forward?
The rise in neurological disorder cases is anticipated to boost the growth of the brain mapping instrument market. Such disorders, which affect the brain, spinal cord, and nerves, lead to symptoms like motor difficulties, cognitive decline, and sensory issues. Alzheimer's, Parkinson's, epilepsy, multiple sclerosis, and stroke are among the examples. This surge in neurological disorders is attributed to factors such as aging population, urbanization, lifestyle shifts, enhanced diagnostic abilities, and environmental and infectious risks. Brain mapping tools play a crucial role in both clinical application and research, providing greater knowledge about neurological disorders and facilitating personalized treatment plans. For example, in March 2023, the Alzheimer's Association, a non-profit voluntary health organization based in the US, stated that an estimated 6.7 million Americans aged 65 and above suffered from Alzheimer's dementia, a neurological disorder. Moreover, the population of people aged 65 and over with Alzheimer's dementia is expected to rise to 13.8 million by 2060. Thus, the rise in neurological disorder cases fuels the brain mapping instrument market's growth.

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Which Fast-Growing Trends Are Poised to Disrupt the Brain Mapping Instruments Market?
The main businesses in the brain mapping instrument market are concentrating their resources on creating cutting-edge products, such as brain mapping tools, which will help increase the precision of diagnosis and the efficiency of treatments in the context of neurological disorders. These tools are used to depict and assess the structure and function of the brain using different techniques like magnetic resonance imaging (MRI), functional MRI (fMRI), electroencephalography (EEG), magnetoencephalography (MEG), and positron emission tomography (PET). For example, Quicktome, a groundbreaking brain mapping instrument launched by IBS Hospital, an India-based Neurology hospital, in August 2022. It combines the power of advanced MRI and EEG technologies through real-time functional imaging which leads to unparalleled precision in displaying brain structure and activity. Some of its important attributes include high-resolution imaging for extensive anatomical mapping, simultaneous EEG recording for comprehensive neural activity surveillance, and functional MRI for the study of dynamic brain functions.

What Are the Key Segments in 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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Who Are the Key Players Shaping the Brain Mapping Instruments Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth 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.

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