Brain And Neuroimaging Devices Global Market To Reach Value Of About $37.95 Billion In 2023
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The global brain and neuroimaging devices market is expected to decline from $32.83 billion in 2019 to $31.43 billion in 2020 at a compound annual growth rate (CAGR) of -4.28%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $37.95 billion in 2023 at a CAGR of 6.49%. An increase in the incidence of neurological disorders is expected to drive the market.
The brain and neuroimaging devices market consists of sales of brain and neuroimaging devices and related services by businesses that manufacture them. Brain and neuroimaging devices are medical devices used to capture the structure and function of the brain for studying the areas affected by neurological disorders, brain functioning and activity of the brain.
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The global brain and neuroimaging devices market is further segmented based on type and geography.
By Imaging Type: Functional Magnetic Resonance Imaging (FMRI), Computed Tomography (CT), Positron Emission Tomography (PET), Electroencephalography (EEG), Magneto Encephalography (MEG), Others.
By End-user: Hospitals, Diagnostic Centers, Ambulatory Surgical Centers.
By Geography: The global brain and neuroimaging devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Trends In The Brain And Neuroimaging Devices Market
Companies and researchers are focusing on developing portable brain scanners that are expected to revolutionize brain imaging by lowering the cost of devices, making it affordable and accessible to all.
Brain And Neuroimaging Devices Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides brain and neuroimaging devices market overviews, analyzes and forecasts market size and growth for the global brain and neuroimaging devices market, brain and neuroimaging devices market share, brain and neuroimaging devices market players, brain and neuroimaging devices market segments and geographies, brain and neuroimaging devices market’s leading competitors’ revenues, profiles and market shares. The brain and neuroimaging devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.