Brain Mapping Instruments Market By Product Type (Computed Tomography, Positron Emission Tomography (PET), Electroencephalography (EEG), Near-Infrared Spectroscopy (NIRS), Magnetic Resonance Imaging (MRI), Others), By End User (Hospitals, Ambulatory Centers, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The brain mapping instruments market was valued at $2.1 billion in 2021, and is estimated to reach $3.7 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031.
The brain is a highly complex organ made up of billions of cells called neurons. Brain mapping is a set of neuroscience techniques predicated on the mapping of (biological) quantities or properties onto spatial representations of the brain resulting in maps. The brain map is also called a neuro map which can evaluate the brainwaves and identify opportunities to improve communication between various regions of the brain. The brain map is able to capture a window of brain activity, analyze the data, and create a visual representation for each lobe of the brain and each specific brain wave like delta, theta, alpha and beta. It works through a physical process of collecting data. Although, there are various methods for collecting data to produce a visual brain map, all of them include a same noninvasive, or invasive, physical connection to the head or scalp of the patient to detect and collect the brainwave data. The data collected is only considered a short-term window of brain activity but can indicate types of brain activity regarding the types of brain waves, their location in the brain.
The growth of the brain mapping instruments market is driven by surge in incidences of brain diseases in different parts of the world, improvement in the healthcare infrastructure, rise in health concerns, and increase in adoption of technology that help to increase the demand for brain mapping instruments. Moreover, large medical technology firms all over the world are increasingly focusing on acquiring companies that provide solutions for brain mapping instruments, which is expected to notably contribute toward the market growth. Furthermore, the global brain mapping instruments market growth is largely driven by factors such as increase in awareness regarding the neurological conditions and rise in government initiatives regarding advanced healthcare systems which is expected to lead to the growth of the market. Prominent players in the global brain mapping instruments market have opted various strategies such as product launches, acquisition, and investments in R&D for advancement in brain mapping instruments to strengthen their position in the market and sustain the competitive environment.
A significant increase in awareness about the advantages of brain mapping instruments and technological advancements in devices, and surge in number of accidents and trauma are some of the key factors driving the growth of the market. For instance, in September 2020, AngioDynamics, Inc. announced the launch of the Auryon Atherectomy System, a newly developed innovative technology for the treatment of Peripheral Artery Disease (PAD), including Critical Limb Ischemia (CLI) and In-Stent Restenosis (ISR). However, the high cost and greater maintenance associated with these devices and lack of skilled professionals restrict market growth. Conversely, increased government initiatives to support patients with neurological conditions is expected to provide lucrative opportunities for the growth of the market in the near future. Extensive R&D activities in the field of brain mapping along with significant improvement in medical infrastructure are anticipated to open new avenues for the expansion of the market.
The brain mapping instruments market is segmented based on products type, end user and region. On the basis of products type, the market is classified into computed tomography (CT), positron emission tomography (PET), electroencephalography (EEG), Near-infrared spectroscopy (NIRS), magnetic resonance imaging (MRI) and others. On the basis of end user, the market is divided into hospitals, clinics, ambulatory centers and others. Region wise, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major companies profiled in the report include Elekta AB, GE Company, Siemens AG, Medtronic plc, Brain Products GmbH, Compumedics Limited, Koninklijke Philips N.V., Brainscope Company Inc., Nihon Kohden Corporation, and Advanced Brain Monitoring, Inc.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the brain mapping instruments market analysis from 2021 to 2031 to identify the prevailing brain mapping instruments market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the brain mapping instruments market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global brain mapping instruments market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Product TypePositron Emission Tomography (PET)
Electroencephalography (EEG)
Near-Infrared Spectroscopy (NIRS)
Magnetic Resonance Imaging (MRI)
Computed Tomography
Others
By End UserHospitals
Ambulatory Centers
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Elekta AB
Siemens AG
Medtronic plc
Advanced Brain Monitoring, Inc.
Brain Products GmbH
Compumedics Limited
Koninklijke Philips N.V.
Nihon Kohden Corporation
Brainscope Company Inc.
General Electric Company
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