Brain Mapping Instruments Market Size Worth $2.33 Billion By 2026 Due To Increasing Incidence Of Brain Ailments, Neurological Diseases & Increasing Awareness Of Neurodiagnostic Imaging

Brain Mapping Instruments Market Size Worth $2.33 Billion By 2026 Due To Increasing Incidence Of Brain Ailments, Neurological Diseases & Increasing Awareness Of Neurodiagnostic Imaging

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According to a report published by Grand View Research, the market is driven by the growing adoption of new technologies, rising health concerns, and increasing prevalence of neurological diseases.

According to a report, “Brain Mapping Instruments Market Size, Share & Trends Analysis Report, By Product Types (Computed Axial Tomography (CAT), Positron Emission Tomography (PET), Electroencephalography (EEG)) and By Region, 2019 – 2026” published by Grand View Research, Inc., the global brain mapping instruments market size is anticipated to reach USD 2.33 billion by 2026, expanding at a 5.8% CAGR over the forecast period. The increasing incidence of brain ailments as well as other neurological diseases and rising adoption of advanced technology and increasing awareness of neurodiagnostic imaging are anticipated to boost the market’s growth.

An increase in the number of patients suffering from neurological diseases such as Alzheimer’s disease, epilepsy, and Traumatic Brain Injury (TBI) are anticipated to propel this market’s growth. It also includes patients who suffer from physical injuries to the brain such as concussions. According to the American Society of Neuroradiology (ASNR), more than 75% of TBI are termed as concussions due to their mild nature of occurrence. According to the University of Pittsburgh’s Brain Trauma Research Center, more than 3,00,000 concussions occurring in the U.S. annually, are mainly sports-related.

Technological advancement includes 3D brain images using Magnetic Resonance Imaging (MRI). Medtronic started a project that aims to personalized 3D brain images to help neurosurgeons. This project aims to use MRI data known as Resting-State Functional MRI (rsfMRI). This technique helps surgeons to detect typical functioning areas of the brain with 3D images of the brain’s anatomy. Thus, this project helps surgeons to remove brain tumor with minimal risk.

U.S. Brain Mapping Instruments Market Size, By Product Type, 2015 - 2026 (USD Billion)

Brain Mapping Instruments Market Report Highlights

  1. On the basis of product type, the Computed Axial Tomography (CAT) dominated the market segment in 2018 with the highest market share owing to its assistance to doctors by providing them accurate 3D images of the internal organs and structures of the body such as, small nodules or tumors which cannot be seen by a normal X-ray.

  2. The electroencephalography (EEG) segment is anticipated to exhibit significant growth over the forecast period owing to its features which can aid in detecting brain disorders such as epilepsy, and seizures, through diagnosing imaging techniques.

  3. North America dominated the global brain mapping instruments market in 2018 owing to the rising prevalence of neurological diseases, rising technological advancements in the field, and improving healthcare infrastructure in the region.

  4. The Asia Pacific region is expected to witness a lucrative CAGR during the forecast period. The growth can be attributed to the increasing adoption of the latest technology, and growing health concerns.

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Brain Mapping Instruments Market Segmentation

Grand View Research has segmented the global brain mapping instruments market on the basis of product type and regions:

Brain Mapping Instruments Product Type Outlook (Revenue, USD Million, 2015 – 2026)

  1. Computed Axial Tomography (CAT)

  2. Positron Emission Tomography (PET)

  3. Electroencephalography (EEG)

  4. Magnetoencephalography

  5. Functional Near-Infrared Spectroscopy (fNIRS)

  6. Functional Magnetic Resonance Imaging (fMRI)

  7. Others

Brain Mapping Instruments Regional Outlook (Revenue, USD Million, 2015 – 2026)

  1. North America

    1. The U.S.

    2. Canada

  2. Europe

    1. Germany

    2. The U.K.

    3. France

    4. Italy

    5. Spain

    6. Russia

  3. Asia Pacific

    1. Japan

    2. China

    3. India

    4. Australia

    5. Singapore

    6. South Korea

  4. Latin America

    1. Mexico

    2. Brazil

    3. Argentina

    4. Colombia

  5. Middle East and Africa (MEA)

    1. South Africa

    2. Saudi Arabia

    3. UAE

Key Players in the Brain Mapping Instruments Market

  1. MEDTRONIC.

  2. GENERAL ELECTRIC COMPANY

  3. KONINKLIJKE PHILIPS N.V.

  4. SIEMENS HEALTHCARE PRIVATE LIMITED

  5. ADVANCED BRAIN MONITORING, INC

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