Brain Imaging Neuroimaging Market

Increasing frequency of neurological conditions is driving the market growth

One of the main factors propelling the market for brain imaging and neuroimaging growth is the rising prevalence of neurological disorders. The term "neurological conditions" refers to a broad category of illnesses affecting the brain and nervous system, such as stroke, multiple sclerosis, epilepsy, Parkinson's disease, Alzheimer's disease, and epilepsy. The increasing frequency of these disorders and, as a result, the increased need for brain imaging services are caused by a number of variables.

First and foremost, a major contributing factor to the rising incidence of neurological disorders worldwide is the aging population. The likelihood of having neurodegenerative illnesses like Alzheimer's and Parkinson's disease increases with age. The senior population is growing as a result of increased life expectancies brought about by advancements in healthcare and housing. The number of people at risk of developing these illnesses has increased as a result of the demographic shift, increasing the need for neuroimaging approaches for early identification and diagnosis.

Another element contributing to the rising incidence of neurological disorders is the environment. A number of neurological conditions, including motor neuron illnesses, have been related to exposure to environmental chemicals and pollution. People may be exposed to a greater spectrum of potential environmental risk factors as industrialization and urbanization continue, which could lead to an increase in the incidence of neurological diseases. Furthermore, improvements in diagnostic tools have made it possible for medical practitioners to identify neurological disorders with greater accuracy thanks to developments in medical science and the infrastructure supporting it.

The apparent rise in the prevalence of certain illnesses can be attributed to the identification of previously undetected instances.

Recent years have also seen an increase in the understanding and identification of neurological illnesses. There are now more frequent medical consultations and diagnostic evaluations as a result of increased public and healthcare professional awareness of the symptoms and indicators of these disorders. Patient outcomes may be enhanced by the early detection and intervention brought about by this greater knowledge. Thus, driving the Brain imaging and neuroimaging market revenue.

The Global Brain Imaging and Neuroimaging Market Industry is projected to experience substantial growth, with estimates indicating a market value of 15.6 USD Billion in 2024 and a potential increase to 29.1 USD Billion by 2035. This growth trajectory reflects a compound annual growth rate of 5.8% from 2025 to 2035. Factors contributing to this expansion include technological advancements, rising prevalence of neurological disorders, and increased research activities. As the demand for effective diagnostic and monitoring tools continues to rise, the market is poised for significant developments in imaging technologies and methodologies.

The Global Brain Imaging and Neuroimaging Market Industry is experiencing rapid growth driven by technological advancements in imaging modalities. Innovations such as functional MRI, PET scans, and advanced CT techniques enhance diagnostic accuracy and patient outcomes. For instance, the integration of artificial intelligence in image analysis is streamlining workflows and improving diagnostic precision. As a result, the market is projected to reach 15.6 USD Billion in 2024, reflecting a growing demand for sophisticated imaging technologies in clinical settings. These advancements not only facilitate early disease detection but also contribute to personalized treatment plans, thereby expanding the market's potential.

There is a notable increase in awareness and acceptance of brain imaging technologies among healthcare professionals and patients, which is positively influencing the Global Brain Imaging and Neuroimaging Market Industry. Educational campaigns and professional training programs are equipping clinicians with the knowledge to utilize advanced imaging techniques effectively. Furthermore, patients are becoming more informed about the benefits of neuroimaging in diagnosing and managing neurological conditions. This shift in perception is likely to enhance the adoption of imaging technologies, contributing to the market's growth trajectory. As healthcare systems prioritize patient-centered care, the demand for neuroimaging is expected to rise.

The increasing incidence of neurological disorders, including Alzheimer's disease, Parkinson's disease, and multiple sclerosis, significantly propels the Global Brain Imaging and Neuroimaging Market Industry. As the global population ages, the demand for effective diagnostic tools becomes more pronounced. According to estimates, the prevalence of dementia is expected to rise, necessitating advanced imaging techniques for accurate diagnosis and monitoring. This trend is likely to drive the market value to 29.1 USD Billion by 2035, with a compound annual growth rate of 5.8% anticipated from 2025 to 2035. The need for early intervention and ongoing management of these conditions underscores the importance of neuroimaging.

The Global Brain Imaging and Neuroimaging Market Industry benefits from heightened research and development activities aimed at understanding brain function and disorders. Government and private sector investments in neuroscience research are fostering innovation in imaging technologies. For example, initiatives funded by national health agencies are exploring novel imaging techniques to study brain connectivity and neuroplasticity. This influx of research funding is likely to enhance the capabilities of neuroimaging modalities, thereby expanding their applications in both clinical and research settings. As a result, the market is positioned for sustained growth, driven by the continuous evolution of imaging methodologies.

Supportive regulatory frameworks and favorable reimbursement policies are crucial drivers of the Global Brain Imaging and Neuroimaging Market Industry. Governments and health authorities are increasingly recognizing the value of neuroimaging in improving patient outcomes, leading to the establishment of guidelines that facilitate the integration of these technologies into clinical practice. Additionally, reimbursement policies that cover advanced imaging procedures encourage healthcare providers to adopt these modalities. This regulatory support is likely to enhance market accessibility and affordability, thereby driving growth. As the healthcare landscape evolves, the alignment of regulatory and reimbursement strategies with technological advancements will be vital for sustaining market momentum.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Brain Imaging and Neuroimaging Market dominated this market in 2022 (45.80%). North America is home to globally recognized centers for neuroscience research and innovation. Prominent academic institutions including MIT and Harvard University work together on state-of-the-art brain imaging research in Boston, Massachusetts. This partnership drives technological progress and results in the creation of novel neuroimaging methods. Further, the U.S.

Brain imaging and neuroimaging market held the largest market share, and the Canada Brain imaging and neuroimaging market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: BRAIN IMAGING AND NEUROIMAGING MARKET SHARE BY REGION 2023 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe Brain imaging and neuroimaging market accounts for the second-largest market share. Institutions in Europe place a strong emphasis on multidisciplinary neuroscience research, encouraging partnerships between computer scientists, radiologists, neurologists, and psychologists. The multidisciplinary approach to neuroimaging at the Oxford Centre for Functional MRI of the Brain (FMRIB) in the United Kingdom is well-known. Further, the German Brain imaging and neuroimaging market held the largest market share, and the UK Brain imaging and neuroimaging market was the fastest growing market in the European region.

The Asia-Pacific Brain Imaging and Neuroimaging Market is expected to grow at the fastest CAGR from 2023 to 2032. There is an increasing need for neurological healthcare services as the region experiences demographic changes due to a fast aging population and a rise in non-communicable diseases. Japan is a prime example of this trend, as evidenced by the aging population there and the reliance on neuroimaging for geriatric care at institutions such as the National Center for Geriatrics and Gerontology.

Moreover, China’s Brain imaging and neuroimaging market held the largest market share, and the Indian Brain imaging and neuroimaging market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Brain imaging and neuroimaging market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Brain imaging and neuroimaging industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Brain imaging and neuroimaging industry to benefit clients and increase the market sector. In recent years, the Brain imaging and neuroimaging industry has offered some of the most significant advantages to medicine. Major players in the Brain imaging and neuroimaging market, including GE, Siemens, Canon, Hitachi Medical Systems, Medtronic PLC., EB Neuro S.p.A., Neurosoft, MinFound Medical Systems Co. Ltd., Elekta, Varian medical Systems, General Electric Company, Philips Healthcare, Toshiba Medical Systems, Sanrad medical Systems Pvt.

Ltd, Esaote SpA and others, are attempting to increase market demand by investing in research and development operations.

Elekta AB (Elekta) is a medical technology firm that provides information systems, image guided clinical solutions, and services for the treatment of cancer and brain illnesses. Gamma knife and extend systems, volumetric arc modulated therapy, fully integrated stereotactic radiation therapy systems, advanced digital treatment systems, treatment planning systems, electronic brachy therapy for skin cancer, and automated remote after loading platform are some of its main products. The company provides, among other things, treatment planning software, cancer registry software, soft tissue imaging software, and oncology information systems for radiation and medical oncology. Moreover, it provides radiation therapy for animals.

The business has operations throughout Asia-Pacific, Europe, the Middle East, Africa, and North America. Base of operations for Elekta is in Stockholm, Sweden.

Technology is the business of Siemens AG (Siemens). Its activities cover the domains of digitalization, automation, and electrification. The business creates, develops, and produces goods in addition to installing intricate projects and systems. Additionally, it offers a large selection of specially designed solutions to meet specific needs. Siemens specializes in distributed energy systems, intelligent building infrastructure, and power generation and distribution. Medical technology, digital healthcare services, and smart mobility solutions for road and rail transportation are all offered. Siemens maintains production sites, warehouses, sales offices, and research and development centers all around the world.

It provides services to clients in a number of sectors, including manufacturing, infrastructure, energy, healthcare, and process. Bavaria, Germany's Munich serves as the home base for Siemens.