PUBLISHER: The Business Research Company | PRODUCT CODE: 1556236
PUBLISHER: The Business Research Company | PRODUCT CODE: 1556236
A brain mapping instrument is a device designed to visualize, measure, and analyze both the structure and function of the brain. Utilizing various technologies, these instruments offer detailed images and data on brain activity, connectivity, and anatomy. They play a crucial role in neuroscience research, clinical diagnosis, and treatment planning.
Key products in brain mapping include computed axial tomography (CAT), positron emission tomography, electroencephalography (EEG), functional near-infrared spectroscopy (fNIRS), and functional magnetic resonance imaging (fMRI). Computed Axial Tomography (CAT), also known as Computed Tomography (CT), is an advanced imaging technique that employs X-rays and computer processing to create highly detailed cross-sectional images of the body's internal structures. This technique is a significant diagnostic tool in modern healthcare. The available procedures encompass both invasive and non-invasive devices, serving various end users such as hospitals and ambulatory centers.
The brain mapping instruments market research report is one of a series of new reports from The Business Research Company that provides brain mapping instruments market statistics, including brain mapping instruments industry global market size, regional shares, competitors with a brain mapping instruments market share, detailed brain mapping instruments market segments, market trends, and opportunities, and any further data you may need to thrive in the brain mapping instruments industry. This brain mapping instruments research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 expansion observed in the historical period is largely due to the rising incidence of neurological disorders, heightened demand for real-time brain monitoring, an increase in clinical trials, advances in brain mapping within psychiatry, and the growth 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%. Future growth is expected to stem from the rising demand for sophisticated neuroimaging techniques, increased investment in neuroscience research, greater adoption of non-invasive brain mapping technologies, a higher number of clinical trials, and a growing interest in brain mapping for educational and cognitive development purposes. Key trends in the forecast period will include technological innovations, the integration of virtual reality, personalized medicine, non-invasive brain mapping methods, and the utilization of cloud computing.
The anticipated rise in neurological disorders is set to drive the expansion of the brain mapping instrument market. Neurological disorders, which impact the brain, spinal cord, and nerves, result in symptoms such as movement difficulties, cognitive decline, and sensory issues. Conditions such as Alzheimer's, Parkinson's, epilepsy, multiple sclerosis, and stroke are examples. The increasing incidence of these disorders can be attributed to factors such as an aging population, urbanization, lifestyle changes, improved diagnostic technologies, and environmental and infectious risk factors. Brain mapping instruments play a crucial role in both clinical practice and research, offering deeper insights into neurological conditions and aiding in the development of personalized treatment plans. For example, in March 2021, the National Institutes of Health (NIH) reported that 6.2 million Americans were living with Alzheimer's dementia, with projections indicating this number will rise to 13.8 million by 2060. Consequently, the growing prevalence of neurological disorders is fueling the demand for brain mapping instruments.
Leading companies in the brain mapping instrument sector are concentrating on creating cutting-edge products to improve diagnostic accuracy and treatment effectiveness for neurological disorders. Brain mapping devices, which are used to visualize and analyze brain structure and function, employ various technologies including magnetic resonance imaging (MRI), functional MRI (fMRI), electroencephalography (EEG), magnetoencephalography (MEG), and positron emission tomography (PET). For instance, in August 2022, IBS Hospital, a neurology-focused facility in India, introduced Quicktome, the first brain mapping device of its kind. This advanced technology combines MRI and EEG capabilities with real-time functional imaging to provide unparalleled precision in brain visualization. Its features include high-resolution imaging for detailed anatomical mapping, simultaneous EEG recording for comprehensive neural activity monitoring, and functional MRI for dynamic analysis of brain function.
In July 2022, ArchiMed SAS, a France-based investment firm with a focus on healthcare, acquired Natus Medical Incorporated for $1.1 billion in a private deal. This acquisition is intended to enhance ARCHIMED's neurodiagnostic and neuromonitoring solution portfolio, leveraging Natus Medical Incorporated's expertise in EEG, polysomnography (PSG), electromyography (EMG), and ICU monitoring products. Natus Medical Incorporated, a US-based company, specializes in brain mapping instruments and solutions.
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.
North America was the largest region in the brain mapping instruments market in 2023. 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.
The countries covered in the brain mapping instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The brain mapping instruments market consists of sales of electroencephalography (EEG) systems, magnetoencephalography (MEG) systems, near-infrared spectroscopy (NIRS) systems, magnetic resonance spectroscopy (MRS) systems, and optogenetics tools. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Brain Mapping Instruments Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on brain mapping instruments market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for brain mapping instruments ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The brain mapping instruments market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.