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Neuroimaging Is Fastest Growing Segment Fueling The Growth Of Neuroimaging Market

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samruddhicmi12
Neuroimaging Is Fastest Growing Segment Fueling The Growth Of Neuroimaging Market

The Global Neuroimaging Market is estimated to be valued at US$ 37.63 Bn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Neuroimaging involves the use of various techniques such as computed tomography (CT), magnetic resonance imaging (MRI), positron emission tomography (PET), and electroencephalography (EEG) to image the structure and function of the brain. It provides detailed images of the brain which help clinicians to diagnose many neurological conditions such as brain tumors, stroke, Alzheimer's, Parkinson's disease, epilepsy, etc. The adoption of neuroimaging has increased significantly over the past few years as it enables non-invasive detection of various neurological disorders.

Market Overview:

The neuroimaging market has been witnessing steady growth owing to the increasing prevalence of neurological and mental disorders globally. Various technological advancements in neuroimaging equipment such as high field MRI, portable EEG systems, and hybrid PET/MRI systems have augmented market growth. Neuroimaging helps clinicians to accurately diagnose complex neurological conditions and monitor treatment responses.

Market Key Trends:

Functional neuroimaging techniques like fMRI and PET are gaining widespread acceptance due to their ability to map brain functions. Advancements in functional neuroimaging have enabled researchers to gain deeper insights into brain mechanisms underlying various mental processes and behaviors. Another major trend is the rising popularity of multimodal neuroimaging approaches which integrate data from different neuroimaging tools like MRI and PET to improve diagnostic capabilities. hybrid PET/MRI scanners are a manifestation of this trend. Moreover, AI and machine learning is being integrated with neuroimaging to boost capabilities of automated image analysis and diagnosis of neurological conditions.

Segment Analysis

This market is dominated by Magnetic Resonance Imaging (MRI) scanners sub-segment due to its wide range of applications for diagnostic purposes. MRI uses powerful magnetic fields and radio waves to produce detailed images of organs, soft tissues, bone and all other internal body structures. It does not involve exposure to damaging radiation like CT or X-rays. MRI is widely used across various neurology applications including brain & spinal cord imaging, functional MRI for neuro-mapping, among others. This sub-segment accounted for over 40% market share in 2022.

Key Takeaways

The Global Neuroimaging Market Trend is expected to witness high growth, exhibiting CAGR of 6.0% over the forecast period, due to increasing prevalence of neurological disorders and growing applications of MRI and CT scans.

The North American region currently dominates the neuroimaging market, with the highest market share. The region is expected to continue its dominance during the forecast period owing to rising geriatric population, high healthcare expenditure, and increasing adoption of advanced neuroimaging modalities.

Key players operating in the neuroimaging market are GE Healthcare, Siemens Healthineers, Philips Healthcare, Toshiba Medical Systems Corporation, Hitachi Healthcare, Canon Medical Systems Corporation, Mindray Medical International Limited, Esaote SpA, NeuroLogica Corporation, NeuroVive Pharmaceutical AG, Brainlab AG, Akili Interactive Labs Inc., Brainomix Ltd., Imaging Science International, Mevis Medical Solutions, NeuroVista, Neusoft Medical Systems, Positron Corporation, Shimadzu Corporation, Trifoil Imaging. GE Healthcare currently dominates the market due to its wide product portfolio and global presence. Siemens Healthineers holds the second position with strong focus on R&D to develop innovative neuroimaging solutions.


Read More - https://www.marketwebjournal.com/rapid-digitization-in-healthcare-to-boost-the-growth-of-neuroimaging-market/

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