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.
Brain Mapping Instruments Market Report Highlights
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.
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.
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.
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)
Computed Axial Tomography (CAT)
Positron Emission Tomography (PET)
Electroencephalography (EEG)
Magnetoencephalography
Functional Near-Infrared Spectroscopy (fNIRS)
Functional Magnetic Resonance Imaging (fMRI)
Others
Brain Mapping Instruments Regional Outlook (Revenue, USD Million, 2015 – 2026)
North America
The U.S.
Canada
Europe
Germany
The U.K.
France
Italy
Spain
Russia
Asia Pacific
Japan
China
India
Australia
Singapore
South Korea
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East and Africa (MEA)
South Africa
Saudi Arabia
UAE
Key Players in the Brain Mapping Instruments Market
MEDTRONIC.
GENERAL ELECTRIC COMPANY
KONINKLIJKE PHILIPS N.V.
SIEMENS HEALTHCARE PRIVATE LIMITED
ADVANCED BRAIN MONITORING, INC
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