What’s Driving Growth in the Brain Mapping Instruments Market? Insights into Key Trends and Opportunities
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What is the Anticipated CAGR of the Brain Mapping Instruments Market, and What Factors Will Drive It?
The market size of brain mapping instruments has seen robust growth in the recent past. There is an anticipated growth from $2.27 billion in 2024 to $2.44 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. The historical growth can be credited to factors such as an increased incidence of neurological disorders, a surge in the requirement for real-time brain monitoring, an increase in clinical trials, the expansion of brain mapping in psychiatry, and the broadening scope of telemedicine.
The market size for brain mapping instruments is forecasted to experience substantial growth in the upcoming years, ultimately reaching $3.19 billion by 2029, marking a compound annual growth rate of 6.9%. This projected expansion in the forecasted period is due to increasing demand for sophisticated neuroimaging techniques, an increase in neuroscience research investment, a surge in the utilization of non-invasive brain mapping technologies, an increase in clinical trials, and a growing demand for brain mapping in educational and cognitive developmental studies. Key trends that will shape the market during the forecast period include technological progression, incorporation of virtual reality, individualized medicine, non-invasive brain mapping techniques, and the utilization of cloud computing.
What Key Drivers Are Accelerating the Growth of the Brain Mapping Instruments Market During the Forecast Period?
The proliferation of neurological ailments is set to spur expansion in the brain mapping instrument market. Neurological disorders encompass conditions that affect the brain, spinal cord, and nerves, leading to symptoms like movement problems, cognitive deterioration, and sensory issues, with Alzheimer’s, Parkinson’s, epilepsy, multiple sclerosis, and stroke being some examples. The escalation in the prevalence of these ailments is triggered by factors such as aging population, urbanization, alterations in lifestyle, enhanced diagnostic abilities, and environmental and infectious risk influences. Brain mapping tools play a crucial role in clinical practices and research by providing a more profound understanding of neurological disorders and informing customized treatment strategies. For instance, the Alzheimer’s Association, a US-based non-profit voluntary health organization, stated in March 2023 that about 6.7 million Americans aged 65 or older were living with Alzheimer’s dementia, a type of neurological disorder. They also projected that by 2060, this number would escalate to 13.8 million. Hence, the surge in neurological disorders’ prevalence fuels the expansion of the brain mapping instrument market.
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Who Are the Top Companies Contributing to the Growth of the Brain Mapping Instruments Market?
Major companies operating in the brain mapping instruments market are:
• Siemens Healthineers_x000D_
• GE Healthcare_x000D_
• Ricoh Company Ltd._x000D_
• Philips Healthcare_x000D_
• Bio-Rad Laboratories Inc._x000D_
How Are Technological Trends Affecting the Growth and Development of the Brain Mapping Instruments Market?
Leading enterprises in the brain mapping instrument market are concentrating on introducing innovative tools like brain mapping devices, in a bid to improve the accuracy of diagnosis and treatment effectiveness for neurological ailments. Such devices enable the visualization and analysis of the brain’s structure and functionality. They leverage 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, renowned for specializing in Neurology in India, unveiled Quicktome – their first brain mapping device. This avant-garde technology merges superior MRI and EEG functionalities with live functional imaging, thereby providing unparalleled preciseness in picturing the brain’s structure and activity. It boasts high-resolution imaging for a meticulous anatomical study, an integrated EEG recording for complete monitoring of neural activity, and functional MRI for analyzing the dynamic function of the brain.
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What Are the Core Categories and Segments in the Brain Mapping Instruments Market Driving Demand and Growth?
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
What Are the Key Regions 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.
What Are the Defining Features of the Brain Mapping Instruments Market?
A brain mapping instrument is a device or tool used to visualize, measure, and analyze the structure and function of the brain. These instruments employ various technologies to provide detailed images and data about brain activity, connectivity, and anatomy. Brain mapping instruments are essential in neuroscience research, clinical diagnosis, and treatment planning.
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