Over the last few years, the healthcare industry has been witnessing technological advances in medical devices which offer robust services to cater to patients who are suffering from brain related diseases. Currently, brain imaging is one of the fastest growing segment of the overall imaging market. Brain imaging is a screening method that helps the physician to analyze the activity and functioning problems of the nervous system for treatment of various type of neurodegenerative disorders. There are different types of scanners are available in the market to offer services in brain imaging segment. For instance, functional magnetic resonance imaging (fMRI), computed tomography (CT), positron emission tomography (PET), electroencephalography (EEG), magnetoencephalography (MEG) and near-infrared spectroscopy (NIRS) are the devices used in brain imaging. Among all, functional magnetic resonance imaging (fMRI) is a prominent one, and that provides robust information about brain activity by detecting the changes in blood oxygenation. Functional magnetic resonance imaging (fMRI) also provides anatomical and functional information about changes in blood flow to particular areas of the brain. Brain imaging is widely used in the diagnosis of neurodegenerative disorders such as Alzheimer’s disease and Parkinsonism as well as chronic diseases such as brain cancer.
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Brain Imaging and Neuroimaging Market: Drivers and Restraints
Increasing incidence of brain cancer around the world along with increasing incidence rates of neurodegenerative disorders is expected to fuel the growth of overall brain imaging market. Introduction of innovative products from key players in the imaging segment also expected to drive the overall brain imaging market. Moreover, increasing road accidents around the world is one of the key factors which is expected to drive the market during the forecast period. Technological advantages in the imaging techniques and availability of reimbursement programs for various types of imaging test including brain is also one of the drivers which is expected to increase the revenue of the brain imaging market. However, the high cost of the imaging technique is one of the major restraint for the growth of global brain imaging market. Furthermore, lack of awareness and absence of scanners in remote areas is also one of the restraint for brain imaging market
Brain Imaging and Neuroimaging Market: Overview
The global brain imaging or neuroimaging market is expected to expand at healthy CAGR owing to increasing prevalence of the neurodegenerative disorders across the world.
Brain Imaging and Neuroimaging Market: Region-wise Outlook
Geographically, the global brain imaging and neuroimaging market are classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa.
Among all the regions, North America and Western Europe is expected to dominate the overall brain imaging market, and the trend is same over the forecast period due to increasing prevalence of brain cancer as well as neurodegenerative disorders. Moreover, availability of reimbursement programs in the North America region is expected to drive the market over the forecast period. Asia Pacific region is expected to account for the third largest share of the global market followed by Eastern Europe region. Among all regions, Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.
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Brain Imaging and Neuroimaging Market: Key Players
Key players operating in the global brain imaging market are Varian Medical Systems,General Electric Company, Siemens AG, Philips Healthcare, and Toshiba Medical Systems. Siemens, Philips Healthcare, Toshiba medical systems, Hitachi Medical systems, Esaote SpA and Sanrad Medical Systems Pvt. Ltd