Functional Brain Imaging Systems Market 2022-2031
New Study Reports “Functional Brain Imaging Systems Market 2022 Global Analysis By Key Regions, Production, Consumption, Revenue, Applications, Growth and Forecasts 2031” has been Added on PersistenceMarketResearch.
The Functional Brain Imaging Systems Market is expected to grow on a vigorous note shortly. Though telemedicine has turned out to be an easily accessible service, proper amalgamation with therapy decisions is of utmost importance. At-home lab tests are a good by-product of telehealth. Remote monitoring and diagnosis are cost-effective. It also saves on downtime. So, saving on time and investing in convenience would be one of the trends of the healthcare vertical in the years to come.
As per Persistence Market Researchâ€™s latest revised industry analysis, the global functional brain imaging systems market was valued at over US$ 3.9 Bn in 2020, and is expected to exhibit a CAGR of 6.3% over the forecast period (2021-2031).
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Increasing incidence of neurological disorders globally, such as Alzheimerâ€™s disease, epilepsy, and other dementias; cerebrovascular diseases, including migraine, brain tumors, and other headache disorders; and traumatic disorders due to head trauma; is anticipated to fuel demand for functional brain imaging systems over the coming years.
The report has profiled some of the important players prevalent in the global like â€“ Royal Philips NV, General Electric Company, Canon Medical Systems Corporation, EB Neuro S.p.A., MinFound Medical Systems Co., Ltd, Neurosoft, Medtronic Plc, Nihon Towards Corporation , Hitachi Medical Systems, Elekta, Siemens AG, General Electric Company and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Functional Brain Imaging Systems Market.
Advanced research & development and rapid pace of advancements in embedded systems and microelectronics have accelerated development and improvement of brain signal monitoring technologies such as multichannel EEG and fMRI devices. Functional brain imaging system manufacturers are expected to see new growth prospects as the healthcare diagnostic industry evolves and new measures for neurological illness management become available.
Furthermore, increasing need for intensive care for traumatic brain injury and brain aneurysm and availability of new advanced magnetics technologies in these devices are further anticipated to escalate the ease of investigating the central nervous system with lesser processing time. This is expected to boost revenue growth and adoption of functional brain imaging systems over the decade.
Adoption of hybrid imaging consisting of positron emission tomography (PET) and MRI scan is increasing globally. Asian countries and many countries from Africa are attracting and encouraging start-up companies as well as global manufacturers to set up their manufacturing facilities in their regions, especially in the healthcare sector. Major manufacturers of brain imaging systems can grab these opportunities to capitalize on economies of scale so as to strengthen their position in the market.
Key Takeaways from Market Study
By product, electro encephalography systems are expected to hold 54.3% market value share by the end of 2031, primarily because of high prevalence of central nervous system disorders.
Based on modality, standalone devices are leading with 78.7% market share in 2020, encompassing stationary healthcare settings, including hospitals.
Hospitals dominated the end-user segment with a share of around 50.6% in 2020, due to increasing imaging and diagnostic procedures for infectious diseases.
By region, North America is slated to be the leading market with a value share of 37.2% at the end of the forecast period, owing to the presence of major market players in the region.
â€œRising prevalence of infectious diseases affecting the central nervous system and subsequent occurrence of neural disorders will drive demand of functional brain imaging systems,â€ says an analyst of Persistence Market Research.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Functional Brain Imaging Systems Market Manufacturers
Functional Brain Imaging Systems Market Distributors/Traders/Wholesalers
Functional Brain Imaging Systems Market Subcomponent Manufacturers
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