Magnetoencephalography Devices Market, by Application (Clinical Application, (Dementia, Autism, Schizophrenia, Multiple Sclerosis, Stroke, Epilepsy, Traumatic Brain Injury, Brain Tumor), and Research Applications), by End User (Hospitals, Imaging Centers,

Magnetoencephalography Devices Market, by Application (Clinical Application, (Dementia, Autism, Schizophrenia, Multiple Sclerosis, Stroke, Epilepsy, Traumatic Brain Injury, Brain Tumor), and Research Applications), by End User (Hospitals, Imaging Centers, and Academic & Research Institutes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Magnetoencephalography (MEG) is one of the medical neuroimaging techniques which tracks the brain activity by measuring the magnetic field produced by neurons in the brain. It is a non-invasive technique which is safe, radiation-free, and also can be used for the pediatric population MEG device consists of numerous and highly sensitive magnetometers called Superconducting Quantum Interface Device (SQUID). MEG tests can be used for diagnosing diseases such as Alzheimer’s disease, epilepsy, and brain tumors.
It also offers real-time resolution as it is capable of providing results in milliseconds and identifies the primary location of brain activation. A MEG device captures brain activity by detecting and amplifying magnetic signals produced by the brain, and it does not emit radiation or create magnetic fields in the surrounding
Market Dynamics
Increasing awareness and diagnosis of mental illness or brain injury is expected to boost growth of the global magnetoencephalography market over the forecast period. According to the National Institute of Mental Health (NIMH), in 2016, around 44.7 million people of 18 years of age and above in the U.S. suffered from mental health disorders, and around 19.2 million people were diagnosed and received treatment.
However, factors such as low availability of MEG devices is expected to hinder growth of the magnetoencephalography devices market over the forecast period. For instance, in 2015, the European MEG Society (EMEGS) surveyed 44 MEG centers in 10 different countries, of which only 12 centers were using MEG for clinical purpose. Furthermore, high cost and maintenance cost of MEG device is a barrier for adoption of MEG, as single MEG device costs around US$ 2 million to US$ 3 million.
Key features of the study:
This report provides in-depth analysis of the magnetoencephalography devices market, market size (US$ Mn), and compound annual growth rate (CAGR (%)) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by leading players.
It profiles key players in the magnetoencephalography devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, strategies and key developments.
Key players covered as a part of this study include Compumedics Limited, Croton Healthcare, Ricoh Company, Ltd., and CTF MEG International Services LP
Insights from this report would allow marketers and management authorities of companies to make informed decisions with respect to future product launches, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
The magnetoencephalography devices market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for magnetoencephalography devices market, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:
Global Magnetoencephalography Devices Market, by Application:
Clinical Applications
Dementia
Autism
Schizophrenia
Multiple Sclerosis
Stroke
Epilepsy
Traumatic Brain Injury
Brain Tumor
Research Applications
Global Magnetoencephalography Devices Market, by End User:
Hospitals
Imaging Centers
Academic & Research Institutes
Global Magnetoencephalography Devices Market, by Region:
North America
By Country:
U.S.
Canada
By Application:
Clinical Applications
Dementia
Autism
Schizophrenia
Multiple Sclerosis
Stroke
Epilepsy
Traumatic Brain Injury
Brain Tumor
Research Applications
By End User:
Hospitals
Imaging Centers
Academic & Research Institutes
Europe
By Country:
U.K.
Germany
Italy
Spain
France
Russia
Rest of Europe
By Application:
Clinical Applications
Dementia
Autism
Schizophrenia
Multiple Sclerosis
Stroke
Epilepsy
Traumatic Brain Injury
Brain Tumor
Research Applications
By End User:
Hospitals
Imaging Centers
Academic & Research Institutes
Asia Pacific
By Country:
Australia
India
China
Japan
ASEAN
South Korea
Rest of Asia Pacific
By Application:
Clinical Applications
Dementia
Autism
Schizophrenia
Multiple Sclerosis
Stroke
Epilepsy
Traumatic Brain Injury
Brain Tumor
Research Applications
By End User:
Hospitals
Imaging Centers
Academic & Research Institutes
Latin America
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
By Application:
Clinical Applications
Dementia
Autism
Schizophrenia
Multiple Sclerosis
Stroke
Epilepsy
Traumatic Brain Injury
Brain Tumor
Research Applications
By End User:
Hospitals
Imaging Centers
Academic & Research Institutes
Middle East
By Country:
GCC
Israel
Rest of Middle East
By Application:
Clinical Applications
Dementia
Autism
Schizophrenia
Multiple Sclerosis
Stroke
Epilepsy
Traumatic Brain Injury
Brain Tumor
Research Applications
By End User:
Hospitals
Imaging Centers
Academic & Research Institutes
Africa
By Country/Region:
South Africa
Central Africa
North Africa
By Application:
Clinical Applications
Dementia
Autism
Schizophrenia
Multiple Sclerosis
Stroke
Epilepsy
Traumatic Brain Injury
Brain Tumor
Research Applications
By End User:
Hospitals
Imaging Centers
Academic & Research Institutes
Company Profiles
Merck & Co. Inc.*
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Croton Healthcare
Ricoh Company, Ltd.
CTF MEG International Services LP

“*” marked represents similar segmentation in other categories in the respective section.