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How Has The Brain And Neuroimaging Devices Market Size Shifted, And What Is the Outlook Through 2034?
The market for brain and neuroimaging devices has seen robust growth in recent years. The market size is projected to increase from $41.76 billion in 2024 to $44.1 billion in 2025, demonstrating a Compound Annual Growth Rate (CAGR) of 5.6%. Factors contributing to this expansion during the historical period include the diagnosis and treatment of neurological disorders, an aging population, research in brain mapping and connectivity, as well as growth in emerging markets.
The market size for brain and neuroimaging devices is anticipated to witness robust expansion in upcoming years, with an estimated valuation of $55.72 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.0%. The forecasted growth in this period can be linked to factors like regulatory support, personalized medication, targeted therapies and value-oriented healthcare. Key trends expected during this forecast period involve high-resolution imaging, multimodal imaging, wearable neuroimaging, connectivity and functional imaging.
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What Are the Primary Drivers Supporting the Market Growth of the Brain And Neuroimaging Devices Market?
The brain and neuroimaging devices market is anticipated to be fueled by a rise in the occurrence of neurological disorders. As per the studies by the European Academy of Neurology, it’s predicted that in 2022, every third individual will be suffering from a neurological disease, and there has been an almost 40% escalation in deaths due to such disorders in the past three decades. The use of brain and neuroimaging devices for the diagnosis of these ailments is increasing the survival rate and aiding in disease management. This surge in the rate of incidences is likely to stimulate the growth of the brain and neuroimaging devices market.
Which Primary Segments of the Brain And Neuroimaging Devices Market Are Driving Growth and Industry Transformations?
The brain and neuroimaging devicesmarket 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)
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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of the Brain And Neuroimaging Devices Market?# Market?
Western Europe was the largest region in the brain and neuroimaging devices market in 2024. 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.
What Are the Most Significant Market Trends in the Brain And Neuroimaging Devices Market?
With a view of transforming brain imaging, firms and scientific researchers are now shifting their focus to the creation of portable brain scanners. This advancement aims at not only decreasing the cost of these devices, but also making them readily available, hence extending their accessibility to a wider population. A case in point is the revolutionary portable brain scanner technology conceived by EMVision Medical Devices and scientists from Queensland University. They made it possible for brain scanning procedures to be conducted in nearly any setting. Concurrently, scientists at University College London have successfully developed a lightweight portable MEG brain scanner. This wearable helmet-like scanner enables the measurement of brain activity even during spontaneous movements, offering enhanced imaging options particularly for patients suffering from involuntary movement disorders like epilepsy.
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What Parameters Are Used to Define the Brain And Neuroimaging Devices Market?
Brain and neuroimaging devices are medical devices used to capture the structure, function, or pharmacology of the brain and locate areas affected by neurological disorders. They are used to study cognitive processes and diagnose neurological conditions.
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