Global Brain Imaging Devices Market is valued approximately USD 5.26 billion in 2023 and is anticipated to grow with a growth rate of more than 8.14% over the forecast period 2024-2032. Brain imaging devices, such as MRI, CT, PET, and EEG, visualize and monitor brain activity and structure. They are used in medical diagnostics, research, and treatment planning. Applications include detecting brain disorders, assessing injuries, guiding surgeries and studying cognitive functions. These technologies aid in understanding brain diseases, neurological conditions, and mental health issues. Also, the rising trend of non-invasive techniques supports the growth of the Brain Imaging Devices Market by providing safer, more comfortable, and accessible options for patients. These techniques reduce risks associated with invasive procedures, increase patient compliance, and enhance diagnostic accuracy. Innovations in non-invasive imaging attract more healthcare providers, expanding market adoption and driving further technological advancements.
The growth of the Global Brain Imaging Devices Market is driven by several key factors. Technological advancements in imaging modalities, such as MRI, CT, and PET, enhance diagnostic accuracy and efficiency. Increasing prevalence of neurological disorders like Alzheimer's, Parkinson's, and epilepsy boosts demand for advanced imaging solutions. Rising geriatric population, who are more susceptible to brain disorders, further fuels market growth. Government funding and initiatives for neurological research and healthcare infrastructure improvements contribute significantly. Additionally, growing awareness about early diagnosis and treatment, coupled with expanding applications of brain imaging in clinical research and drug development, supports the market's expansion. However, the high cost of complex brain monitoring procedures and devices, and unfavorable reimbursement policies are expected to hinder the Global Brain Imaging Devices Market growth during the forecast period 2024-2032.
The key regions considered for the Global Brain Imaging Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, the North American brain imaging devices market dominated the regional market with largest revenue share at 39.21%. The region's advanced healthcare infrastructure and significant investments in medical research and technology are key drivers of this growth. This robust infrastructure supports the adoption of cutting-edge brain imaging technologies. Furthermore, North America hosts numerous medical device manufacturers and neuroscience research institutions, fostering innovation and advancements in brain imaging devices. These factors collectively contribute to the market expansion in this region. Whereas, Asia Pacific is expected to be the fastest growing region during the forecast period.
Major market player included in this report are:
- GE Healthcare
- Philips Healthcare
- Siemens Healthineers
- Medtronic Plc
- Compumedics Limited
- CTF MEG NEURO INNOVATIONS, INC
- FieldLine Inc
- Cerca Magnetics Limited
- Advanced Brain Monitoring, Inc.
- Canon Medical Systems Corporation
The detailed segments and sub-segment of the market are explained below:
By Product
By Application
- Stroke
- Brain Tumor
- Traumatic brain injury (TBI)
- Epilepsy
- Sleep Apnea
- Headache
- Structural anomalies
- Other Applications
By Modality
By End Use
- Hospitals
- Diagnostic Imaging Centers
- Ambulatory Surgery Centers
- Other End-users
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Brain Imaging Devices Market Definition and Research Assumptions
- 1.1. Research Objective
- 1.2. Market Definition
- 1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
- 1.3.3.1. Availability
- 1.3.3.2. Infrastructure
- 1.3.3.3. Regulatory Environment
- 1.3.3.4. Market Competition
- 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
- 1.3.4.1. Regulatory frameworks
- 1.3.4.2. Technological Advancements
- 1.3.4.3. Environmental Considerations
- 1.3.4.4. Consumer Awareness & Acceptance
- 1.4. Estimation Methodology
- 1.5. Years Considered for the Study
- 1.6. Currency Conversion Rates
Chapter 2. Executive Summary
- 2.1. Global Brain Imaging Devices Market Size & Forecast (2022- 2032)
- 2.2. Regional Summary
- 2.3. Segmental Summary
- 2.3.1. By Product
- 2.3.2. By Application
- 2.3.3. By Modality
- 2.3.4. By End Use
- 2.4. Key Trends
- 2.5. Recession Impact
- 2.6. Analyst Recommendation & Conclusion
Chapter 3. Global Brain Imaging Devices Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Challenges
- 3.3. Market Opportunities
Chapter 4. Global Brain Imaging Devices Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Brain Imaging Devices Market Size & Forecasts by Product 2022-2032
- 5.1. Devices
- 5.2. Accessories
Chapter 6. Global Brain Imaging Devices Market Size & Forecasts by Application 2022-2032
- 6.1. Stroke
- 6.2. Brain Tumour
- 6.3. Traumatic brain injury (TBI)
- 6.4. Epilepsy
- 6.5. Sleep Apnea
- 6.6. Headache
- 6.7. Structural anomalies
- 6.8. Other Applications
Chapter 7. Global Brain Imaging Devices Market Size & Forecasts by End Use 2022-2032
- 7.1. Fixed
- 7.2. Portable
- 7.3. Wearable
Chapter 8. Global Brain Imaging Devices Market Size & Forecasts by Modality 2022-2032
- 8.1. Hospitals
- 8.2. Diagnostic Imaging Centers
- 8.3. Ambulatory Surgery Centers
- 8.4. Other End-users
Chapter 9. Global Brain Imaging Devices Market Size & Forecasts by Region 2022-2032
- 9.1. North America Brain Imaging Devices Market
- 9.1.1. U.S. Brain Imaging Devices Market
- 9.1.1.1. Product breakdown size & forecasts, 2022-2032
- 9.1.1.2. Application breakdown size & forecasts, 2022-2032
- 9.1.1.3. Modality breakdown size & forecasts, 2022-2032
- 9.1.1.4. End Use breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Brain Imaging Devices Market
- 9.2. Europe Brain Imaging Devices Market
- 9.2.1. U.K. Brain Imaging Devices Market
- 9.2.2. Germany Brain Imaging Devices Market
- 9.2.3. France Brain Imaging Devices Market
- 9.2.4. Spain Brain Imaging Devices Market
- 9.2.5. Italy Brain Imaging Devices Market
- 9.2.6. Rest of Europe Brain Imaging Devices Market
- 9.3. Asia-Pacific Brain Imaging Devices Market
- 9.3.1. China Brain Imaging Devices Market
- 9.3.2. India Brain Imaging Devices Market
- 9.3.3. Japan Brain Imaging Devices Market
- 9.3.4. Australia Brain Imaging Devices Market
- 9.3.5. South Korea Brain Imaging Devices Market
- 9.3.6. Rest of Asia Pacific Brain Imaging Devices Market
- 9.4. Latin America Brain Imaging Devices Market
- 9.4.1. Brazil Brain Imaging Devices Market
- 9.4.2. Mexico Brain Imaging Devices Market
- 9.4.3. Rest of Latin America Brain Imaging Devices Market
- 9.5. Middle East & Africa Brain Imaging Devices Market
- 9.5.1. Saudi Arabia Brain Imaging Devices Market
- 9.5.2. South Africa Brain Imaging Devices Market
- 9.5.3. Rest of Middle East & Africa Brain Imaging Devices Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. GE Healthcare
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Market Strategies
- 10.3.2. Philips Healthcare
- 10.3.3. Siemens Healthineers
- 10.3.4. Medtronic Plc
- 10.3.5. Compumedics Limited
- 10.3.6. CTF MEG NEURO INNOVATIONS, INC
- 10.3.7. FieldLine Inc
- 10.3.8. Cerca Magnetics Limited
- 10.3.9. Advanced Brain Monitoring, Inc.
- 10.3.10. Canon Medical Systems Corporation
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes