How the Functional Brain Imaging System Market is Positioned for Growth: Trends, Market Size, and Future Opportunities (2025-2034)
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Factors Are Propelling the Market Growth of theFunctional Brain Imaging System Market from 2025 to 2034?
The rising occurrence of brain cancer is predicted to drive expansion in the functional brain imaging system market. Brain cancer is a condition where unusual cells in the brain multiply uncontrollably, forming a tumor that can disrupt brain function. The occurrence of brain cancer can be attributed to factors like an aging population, enhanced detection techniques, environmental hazards, and better reporting. Functional brain imaging systems amplify the precision of diagnoses, aid in developing safer and more efficacious treatment strategies, and provide continuous monitoring to enhance results for patients with brain cancer. For example, Cancer Australia, a cancer control organization under the Australian Government, reported in January 2024 that in 2021 there were 1,552 deaths from brain cancer in Australia (945 males and 607 females), and they predict this figure will increase to 1,579 deaths in 2023 (969 males and 610 females). Therefore, the escalating occurrence of brain cancer is fueling the expansion of the functional brain imaging system market.
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What is the Predicted Annual Growth Rate of theFunctional Brain Imaging System Market Impact Industry Trends by 2034?
The market for functional brain imaging systems has seen substantial growth in recent years, expanding from $4.72 billion in 2024 to an expected $5.08 billion in 2025. This represents a compound annual growth rate (CAGR) of 7.6%. The escalation during the historic period could be related to several factors, including an increase in life-threatening diseases, a heightened prevalence of neurological disorders, more cases of traumatic brain injuries, a rise in brain cancer incidents, and a growing demand for non-invasive and minimally invasive devices.
The market size of the functional brain imaging system is projected to experience robust growth in the coming years, expected to reach $6.71 billion in 2029 with a compound annual growth rate (CAGR) of 7.2%. The anticipated expansion during this period can be associated with the rise in road accidents, the growing significance of brain imaging, an increase in dementia cases, heightened awareness concerning neurodegenerative diseases, an aging demographic, and higher investments in healthcare. The forecast period is also expected to see key trends such as the incorporation of multi-modal imaging, the invention of portable electroencephalogram (EEG) devices, advanced electrode designs, transcranial electrical stimulation (TES), and the inclusion of artificial intelligence (AI).
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How Are Market Trends and Innovations Revolutionizing theFunctional Brain Imaging System Industry in Recent Times?
Significant corporations in the functional brain imaging system market are shifting their focus towards creating novel solutions like pulse sequence technology to increase image resolution, boost diagnostic precision, and cut scanning times. This technology contributes to more effective and efficient brain imaging methods. Pulse sequence technology in these systems involves a series of timely radiofrequency (RF) pulses and magnetic field gradients used in an MRI scan to manipulate the image creation process. To illustrate, in July 2024, Fujifilm Holdings Corporation, a Japanese company known for its photographic films, introduced Aperto Lucent, an open 0.4-tesla MRI system. The system uses RADAR motion compensating pulse sequence technology, lowering rescans requirements and minimizing motion artifacts, obstacles often encountered in MRI exams. The APERTO Lucent uses Fujifilm’s celebrated permanent magnet technology, which streamlines installation and reduces running costs by decreasing the necessity for supplementary equipment to preserve the magnetic field.
Which Key Market Players Are Shaping the Future and Growth of theFunctional Brain Imaging System Market?
Major companies operating in the functional brain imaging system market are Siemens Healthineers AG, General Electric HealthCare Technologies Inc., NordicNeuroLab AS, Koninklijke Philips N.V., Shimadzu Corporation, Toshiba International Corporation, Elekta AB, Canon Medical Systems Corporation, Cortech Solutions Inc., Compumedics Ltd., Brain Products GmbH, Aspect Imaging Ltd., ANT Neuro GmbH, BIOPAC Systems Inc., Neuroelectrics Corporation, Twente Medical Systems International(TMSI) B.V., Advanced Brain Monitoring Inc., Gowerlabs Ltd., Artinis Medical Systems B.V., NIRx Medical Technologies LLC
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What Are the Core Segments of the Functional Brain Imaging System Market, and How Do They Contribute to Growth?
The functional brain imaging system market covered in this report is segmented –
1) By Type: Functional Magnetic Resonance Imaging (fMRI) Systems, Functional Near Infrared Spectroscopy (fNIRS) Systems, Positron Emission Tomography (PET) System, Others Types
2) By Application: Hospital, Diagnostic imaging center, Other Applications
3) By End-User: Neurology, Psychiatry, Oncology, Cognitive Science
Subsegments:
1) By Functional Magnetic Resonance Imaging (fMRI) Systems: Research-Grade fMRI Systems, Clinical fMRI Systems, High-Field fMRI Systems, Resting-State fMRI Systems
2) By Functional Near Infrared Spectroscopy (fNIRS) Systems: Portable fNIRS Systems, Multi-Channel fNIRS Systems, Wearable fNIRS Devices, Clinical fNIRS Systems
3) By Positron Emission Tomography (PET) Systems: Whole-Body PET Systems, Dedicated Brain PET Systems, PET/CT Hybrid Systems, PET/MRI Hybrid Systems
4) By Other Types: Electroencephalography (EEG) Systems, Magnetoencephalography (MEG) Systems, Diffusion Tensor Imaging (DTI) Systems, Transcranial Magnetic Stimulation (TMS) Systems
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What Regions Are Dominating the Functional Brain Imaging System Market Growth?
North America was the largest region in the functional brain imaging system market in 2024. The regions covered in the functional brain imaging system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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