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What Is the Estimated Market Size of the Brain And Neuroimaging Devices Market In 2029?

Recent years have seen a robust growth in the market size for brain and neuroimaging devices. The market, which is projected to expand from $40.65 billion in 2024 to $43.03 billion in 2025, anticipates a compound annual growth rate (CAGR) of 5.8%. The historical growth of the market is due to factors like the diagnosis and treatment of neurological disorders, the aging population, research in brain mapping and connectivity, along with the growth of emerging markets.

What Growth Rate Is Forecasted for the Brain And Neuroimaging Devices Market by 2029?

Expectations are high for noticeable expansion in the brain and neuroimaging devices market in the coming years. With a compound annual growth rate (CAGR) of 6.2%, it is projected to reach a market value of $54.73 billion by 2029. Factors contributing to the expected growth in the forecasted period include regulatory backing, bespoke medication, targeted treatments, and value-driven healthcare. Dominant trends for the same period are anticipated to incorporate high-definition imaging, multi-faceted imaging, wearable neuroimaging, as well as connectivity and functional imaging.

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Which Key Companies Are Shaping the Future of the Brain And Neuroimaging Devices Market?

Major companies operating in the brain and neuroimaging devices market include GE HealthCare, Siemens AG, Koninklijke Philips, Canon Medical Systems Corporation, Hitachi Medical Systems, Medtronic Plc., EB Neuro S.p.A., Neurosoft, MinFound Medical Systems Co. Ltd., Elekta, Varian Medical Systems, Toshiba Corporation, Shimadzu Corporation, Agilent Technologies Inc., Waters Corporation, Bruker Corporation, PerkinElmer Inc., Luminex Corporation, Bio-Rad Laboratories Inc., Carl Zeiss Meditec AG, Fujifilm Holdings Corporation, Hologic Inc., Nihon Kohden Corporation, Natus Medical Incorporated, RIMED Ltd., Advanced Brain Monitoring Inc., Intranerve Neuroscience Holdings LLC., Nuvasive Inc., SpecialtyCare Inc.

Which Factors Are Driving Demand in the Brain And Neuroimaging Devices Industry?

The expansion of the brain and neuroimaging devices market is predicted due to a rise in the occurrence of neurological diseases. Based on the European Academy of Neurology study, neurological conditions affected one in three individuals in 2022 and fatalities caused by neurological disorders surged nearly 40% over the past three decades. Brain and neuroimaging equipment are utilized in determining neurological diseases, consequently enhancing the survival rate and disease management. This escalating occurrence rate is anticipated to propel the growth of the brain and neuroimaging devices market.

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How Is the Brain And Neuroimaging Devices Market Segmented by Several Divisions?

The brain and neuroimaging devices market covered in this report is segmented –

1) By Imaging Type: Functional Magnetic Resonance Imaging (FMRI), Computed Tomography (CT), Positron Emission Tomography (PET), Electroencephalography (EEG), Magneto Encephalography (MEG), Other Imaging Types

2) By Application: Parkinson’s Disease, Traumatic Brain Injury, Epilepsy, Dementia, Sleep Disorders, Other Applications

3) By End-User: Hospitals, Diagnostic Centres, Ambulatory Surgical Centres

Subsegments:

1) By Functional Magnetic Resonance Imaging (FMRI): Resting-State FMRI, Task-Based FMRI, Diffusion Tensor Imaging (DTI) With FMRI

2) By Computed Tomography (CT): X-ray CT, Positron Emission Tomography (PET) Or CT Hybrid Imaging, Multi-Slice CT

3) By Positron Emission Tomography (PET): PET Or CT, PET Or MRI

4) By Electroencephalography (EEG): Conventional EEG, Ambulatory EEG, High-Density EEG

5) By Magnetoencephalography (MEG): Whole-Head MEG, Electromagnetic Source Imaging (ESI) With MEG

6) By Other Imaging Types: Near-Infrared Spectroscopy (NIRS), Transcranial Magnetic Stimulation (TMS), Optical Coherence Tomography (OCT)

What are the Emerging Market Trends Driving the Growth of the Brain And Neuroimaging Devices Industry?

Corporations and scholars are channeling their efforts into creating affordable and readily available portable brain scanners, anticipated to bring about a major shift in the field of brain imaging by considerably reducing costs. EMVision Medical Devices has collaborated with academics at Queensland University to create a compact brain scanning technology suitable for use in nearly any location. Additionally, at University College London, researchers have introduced a lightweight, helmet-like portable MEG brain scanner. This device offers the advantage of recording brain activity even as individuals move naturally, providing enhanced imaging benefits for patients with conditions that instigate involuntary body movements, such as epilepsy.

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Which Regions Are Driving Growth in the Brain And Neuroimaging Devices Market?

Western Europe was the largest region in the brain and neuroimaging devices market in 2023. North America was the second-largest region in the global brain and neuroimaging devices market report. Africa. was the smallest region in the brain and neuroimaging devices market. The regions covered in the brain and neuroimaging devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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This Report Delivers Insight On:

1. How big is the brain and neuroimaging devices market, and how is it changing globally?

2. Who are the major companies in the brain and neuroimaging devices market, and how are they performing?

3. What are the key opportunities and risks in the brain and neuroimaging devices market right now?

4. Which products or customer segments are growing the most in the brain and neuroimaging devices market?

5. What factors are helping or slowing down the growth of the brain and neuroimaging devices market?

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