Brain And Neuroimaging Devices Market Expansion: Projected to Hit $54.73Billion with 6.2% CAGR by 2029

At what pace is the brain and neuroimaging devices market growing, and what is its estimated value?

The brain and neuroimaging devices market size has grown strongly in recent years. It will grow from $40.65 billion in 2024 to $43.03 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to diagnosis and treatment of neurological disorders, aging population, brain mapping and connectivity research, emerging markets growth.

The brain and neuroimaging devices market size is expected to see strong growth in the next few years. It will grow to $54.73 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to regulatory support, personalized medicine, targeted therapies, value-based healthcare. Major trends in the forecast period include high-resolution imaging, multimodal imaging, wearable neuroimaging, connectivity and functional imaging.

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What are the top drivers to the rising demand in the brain and neuroimaging devices market?

An increase in the incidence of neurological disorders is expected to drive the market. According to a report by the European Academy of Neurology, 1 in 3 people in 2022 are affected by a neurological disease and the number of deaths due to neurological disorders increased by almost 40% in the last 30 years. Brain and neuroimaging devices are used to diagnose neurological disorders increasing the survival rate and management of the disease. This increasing incidence rate is expected to drive the brain and neuroimaging devices market.

How is the brain and neuroimaging devices market segmented?

The brain and neuroimaging devices market covered in this report is segmented –

1) By Imaging Type: Functional Magnetic Resonance Imaging (FMRI), Computed Tomography (CT), Positron Emission Tomography (PET), Electroencephalography (EEG), Magneto Encephalography (MEG), Other Imaging Types

2) By Application: Parkinson’s Disease, Traumatic Brain Injury, Epilepsy, Dementia, Sleep Disorders, Other Applications

3) By End-User: Hospitals, Diagnostic Centres, Ambulatory Surgical Centres

Subsegments:

1) By Functional Magnetic Resonance Imaging (FMRI): Resting-State FMRI, Task-Based FMRI, Diffusion Tensor Imaging (DTI) With FMRI

2) By Computed Tomography (CT): X-ray CT, Positron Emission Tomography (PET) Or CT Hybrid Imaging, Multi-Slice CT

3) By Positron Emission Tomography (PET): PET Or CT, PET Or MRI

4) By Electroencephalography (EEG): Conventional EEG, Ambulatory EEG, High-Density EEG

5) By Magnetoencephalography (MEG): Whole-Head MEG, Electromagnetic Source Imaging (ESI) With MEG

6) By Other Imaging Types: Near-Infrared Spectroscopy (NIRS), Transcranial Magnetic Stimulation (TMS), Optical Coherence Tomography (OCT)

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Who are the top competitors in the brain and neuroimaging devices market?

Major companies operating in the brain and neuroimaging devices market include GE HealthCare, Siemens AG, Koninklijke Philips, Canon Medical Systems Corporation, Hitachi Medical Systems, Medtronic Plc., EB Neuro S.p.A., Neurosoft, MinFound Medical Systems Co. Ltd., Elekta, Varian Medical Systems, Toshiba Corporation, Shimadzu Corporation, Agilent Technologies Inc., Waters Corporation, Bruker Corporation, PerkinElmer Inc., Luminex Corporation, Bio-Rad Laboratories Inc., Carl Zeiss Meditec AG, Fujifilm Holdings Corporation, Hologic Inc., Nihon Kohden Corporation, Natus Medical Incorporated, RIMED Ltd., Advanced Brain Monitoring Inc., Intranerve Neuroscience Holdings LLC., Nuvasive Inc., SpecialtyCare Inc.

What significant trends should we anticipate in the brain and neuroimaging devices market over the forecast period?

Companies and researchers are focusing on developing portable brain scanners that are expected to revolutionize brain imaging by lowering the cost of devices, making them affordable and accessible to all. EMVision Medical Devices and researchers at Queensland University have developed a portable brain scanner technology that enables brain scanning to be performed at almost any location. Researchers at University College London have developed a portable MEG brain scanner that is lightweight, worn like just a helmet but can measure brain activity even as people make natural movements, providing improved imaging opportunities for patients with disorders that cause unprompted body movements, such as epilepsy.

Which regional trends are influencing the brain and neuroimaging devices market, and which area dominates the industry?

Western Europe was the largest region in the brain and neuroimaging devices market in 2023. North America was the second-largest region in the global brain and neuroimaging devices market report. Africa. was the smallest region in the brain and neuroimaging devices market. The regions covered in the brain and neuroimaging devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Does The Brain And Neuroimaging Devices Market Report 2025 Offer?

The brain and neuroimaging devices market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

Brain and neuroimaging devices are medical devices used to capture the structure, function, or pharmacology of the brain and locate areas affected by neurological disorders. They are used to study cognitive processes and diagnose neurological conditions.

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