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What Are the Projected Expansion Rates of the Brain Imaging Modalities Market for the Next Decade?

In recent years, the brain imaging modalities market has seen robust growth. Its value is projected to climb from $13.07 billion in 2024 to $13.9 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%. Several factors have contributed to this historic growth, including the rising occurrence of neurological disorders, an increase in the use of brain imaging modalities, a surge in traffic accidents, an increase in revenue in the brain imaging market, and a growing application of brain monitoring in clinical trials.

Over the next several years, the market size of brain imaging modalities is projected to experience substantial growth, reaching $17.54 billion by 2029 with a compound annual growth rate (CAGR) of 6.0%. The growth in the market during the forecast period can be credited to an increased recognition of neurological disorders, expanded demand for ventilators, heightened demand for non-invasive and minimally invasive devices, a growing number of traffic incidents, as well as a soaring prevalence of neurological disorders and traumatic brain injuries (TBI). Noteworthy trends during the forecast period include artificial intelligence (AI) integration, the emergence of portable and wearable imaging devices, the application of multi-modal imaging methods, a focus on neurodegenerative diseases, and the digitalization and decentralization of trials.

How Are the key drivers expanding the growth of the Brain Imaging Modalities Market?

The burgeoning incidence of neurological ailments is anticipated to fuel the expansion of the brain imaging modality market in the future. Neurological conditions refer to health issues that impact the nervous system, encompassing the brain, spinal cord, and nerves, leading to difficulties with movement, sensation, cognition, or behavior. The rise in neurological disorders is linked to factors such as an aging populace, improved diagnosis, chronic illnesses, genetic influences, enhanced diagnostic practices, changes in the environment, and lifestyle factors. Brain imaging approaches are utilized for the diagnosis and observation of neurological diseases by offering comprehensive visuals of the brain’s structure and functionality, facilitating efficient treatment strategies. For instance, the European Brain Council, a non-profit institution based in Belgium, reported in April 2022 that 10.5 million individuals in Europe are suffering from dementia, with projections indicating that this figure will surge to 18.7 million by 2050. Consequently, the escalating incidence of neurological diseases is propelling the expansion of the brain imaging modality market.

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Which Companies Are Redefining the Future of the Brain Imaging Modalities Market?

Major companies operating in the brain imaging modalities market are Hitachi Ltd., Siemens AG, Toshiba Corporation, FUJIFILM Corporation, Koninklijke Philips N.V, Stryker Corporation, GE HealthCare Technologies Inc., Hologic Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Shimadzu Corporation, Canon Medical Systems Corporation, Neusoft Corporation, Planmed Oy, Agfa-Gevaert N.V., Carestream Health, Brainlab AG, Esaote SpA, Ziehm Imaging GmbH, EOS imaging, NeuroLogica Corp., Swissray International Inc., Xoran Technologies LLC., Allengers Medical Systems Ltd., Konica Minolta Healthcare Americas Inc., Hi-Tech Medical Imaging

What Trends Are Poised to Drive the Future Success of the Brain Imaging Modalities Market?

A focus on developing innovative technologies, such as neuroimaging technologies, is a marked trend among major corporations in the brain imaging modalities market, a strategy aimed at outpacing competition. Neuroimaging technologies, representing the pinnacle of medical machinery, capture in-depth images of both the structural and functional aspects of the brain. One such example can be seen in Koninklijke Philips N.V., a company based in the Netherlands known for its technological prowess. In February 2024, they struck a partnership with SyntheticMR, a software company based in Sweden, to unveil Smart Quant Neuro 3D. This product includes automatic 3D quantification of neuroimaging data, visualization of brain structures in real time, and integration with artificial intelligence to aid in sharpening diagnostic accuracy. With this innovation, the goal is to streamline workflow, cut down on the time needed for image analysis, and ultimately provide enhanced services to healthcare providers and patients.

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How Are the Key Segments of the Brain Imaging Modalities Market Driving Opportunities and Innovations?

The brain imaging modalitiesmarket covered in this report is segmented –

1) By Product: Devices, Accessories, Usability

2) By Imaging Type: Computed Tomography (CT), Positron Emission Tomography (PET), Magnetic Resonance Imaging (MRI), Single Photon Emission Computed Tomography (SPECT)

3) By Modalities: Stand-Alone Functional Brain Imaging Systems, Portable Functional Brain Imaging Systems

4) By Patient Type: Adults, Pediatrics, Infants

5) By End-User: Hospitals, Diagnostic Centers, Research Institutes

Subsegments:

1) By Devices: Magnetic Resonance Imaging (MRI) Machines, Computed Tomography (CT) Scanners, Positron Emission Tomography (PET) Scanners, Electroencephalography (EEG) Devices, Functional MRI (fMRI) Systems, Single Photon Emission Computed Tomography (SPECT) Scanners

2) By Accessories: Contrast Agents, MRI Coils, EEG Electrodes, Image Processing Software, Patient Monitoring Systems

3) By Usability: Portable Brain Imaging Devices, Stationary Brain Imaging Systems, Point-of-Care Brain Imaging Solutions, Research-Oriented Brain Imaging Equipment

What Are the Leading Regions in the Brain Imaging Modalities Market Expansion?

North America was the largest region in the brain imaging modalities market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the brain imaging modalities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Can We Define the Brain Imaging Modalities Market and Its Key Components?

Brain imaging modalities are techniques used to visualize the brain’s structure, function, and activity, assisting doctors and researchers in diagnosing and understanding brain-related conditions. These methods help identify brain issues, study brain function, and support doctors in treatment planning.

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