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By 2030, How Much Growth In Market Size Is Expected For The Functional Brain Imaging System Market?
The market size for functional brain imaging systems has demonstrated robust growth over recent years. This market is projected to expand from $5.08 billion in 2025 to $5.45 billion in 2026, achieving a compound annual growth rate (CAGR) of 7.4%. Historically, this growth has been driven by factors such as the limited availability of high-resolution imaging systems, reliance on traditional imaging techniques, an increase in the prevalence of neurological disorders, expanding academic research into brain function, and the initial embrace of fMRI technologies.
The functional brain imaging system market is poised for robust expansion in the coming years, with its size projected to reach $7.17 billion by 2030, driven by a compound annual growth rate (CAGR) of 7.1%. This growth during the forecast period can be attributed to several factors, including progress in portable and wearable fNIRS devices, the increasing integration of ai in brain imaging analysis, the broader availability of hybrid pet/mri and pet/ct systems, rising funding for cognitive neuroscience research, and improvements in hospital and diagnostic imaging infrastructure. Major trends anticipated in this period include the increasing adoption of functional brain imaging in clinical diagnosis, the incorporation of portable and wearable brain imaging devices, an increase in research applications for cognitive science, a growing focus on neurology and psychiatry applications, and the wider deployment of hybrid imaging modalities for brain studies.
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Which Significant Factors Are Encouraging Growth In The Functional Brain Imaging System Market?
The rising occurrence of brain cancer is anticipated to boost the expansion of the functional brain imaging system market in the future. Brain cancer is characterized by the uncontrolled proliferation of abnormal cells within the brain, leading to tumor formation that can impair normal brain functions. This increased occurrence of brain cancer can be attributed to several factors including an aging demographic, enhanced detection techniques, environmental hazards, and more effective reporting. Functional brain imaging systems play a crucial role by improving diagnostic accuracy, facilitating the development of safer and more efficacious treatment strategies, and offering continuous monitoring to enhance results for individuals suffering from brain cancer. For example, in 2023, as reported by Cancer Australia, a cancer control agency to the Government of Australia, Australia documented 1,597 deaths attributed to brain cancer, consisting of 956 males and 641 females. By 2025, the fatality count is predicted to increase to 1,639, impacting 979 males and 660 females. Consequently, the growing incidence of brain cancer is a key factor propelling the expansion of the functional brain imaging system market.
What Segment Categories Are Evaluated In The Functional Brain Imaging System Market Study?
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 Functional Magnetic Resonance Imaging (fMRI) Systems, Clinical Functional Magnetic Resonance Imaging (fMRI) Systems, High-Field Functional Magnetic Resonance Imaging (fMRI) Systems, Resting-State Functional Magnetic Resonance Imaging (fMRI) Systems
2) By Functional Near Infrared Spectroscopy (fNIRS) Systems: Portable Functional Near Infrared Spectroscopy (fNIRS) Systems, Multi-Channel Functional Near Infrared Spectroscopy (fNIRS) Systems, Wearable Functional Near Infrared Spectroscopy (fNIRS) Devices, Clinical Functional Near Infrared Spectroscopy (fNIRS) Systems
3) By Positron Emission Tomography (PET) Systems: Whole-Body Positron Emission Tomography (PET) Systems, Dedicated Brain Positron Emission Tomography (PET) Systems
4) By Other Types: Electroencephalography (EEG) Systems, Magnetoencephalography (MEG) Systems, Diffusion Tensor Imaging (DTI) Systems, Transcranial Magnetic Stimulation (TMS) Systems
What Trends Are Influencing The Functional Brain Imaging System Market?
Leading firms in the functional brain imaging system market are concentrating on creating advanced solutions, including pulse sequence technology, to boost image clarity, refine diagnostic precision, and shorten scan durations, thereby achieving more impactful and streamlined brain imaging processes. Within functional brain imaging systems, pulse sequence technology involves a synchronized series of radiofrequency (RF) pulses and magnetic field gradients utilized during an MRI scan to govern the image generation process of the MRI system. An example of this is Fujifilm Holdings Corporation, a Japan-based photographic film producer, which introduced Aperto Lucent, an open 0.4-tesla MRI system, in July 2024. This system features RADAR motion compensating pulse sequence technology, which diminishes the necessity for rescans and lessens motion artifacts, often a significant obstacle in MRI examinations. Furthermore, APERTO Lucent leverages Fujifilm’s well-known permanent magnet technology, streamlining its setup and lowering operational expenses by requiring less supplementary equipment to uphold the magnetic field.
Who Are The Key Market Participants In The Functional 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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Which Region Commands The Largest Share Of The Functional Brain Imaging System Market?
North America was the largest region in the functional brain imaging system market in 2025. The regions covered in the functional brain imaging system market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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