Driving Forces Behind the Functional Brain Imaging System Market in 2025: Spotlight on Increasing Prevalence Of Brain Cancer Drives Growth Of Functional Brain Imaging System Market Driver
The functional brain imaging system market size is expected to see strong growth in the next few years. It will grow to $6.71 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to the increasing number of road accidents, the rising importance of brain imaging, rising dementia cases, increasing awareness of neurodegenerative diseases, increasing the aging population, and rising healthcare investments. Major trends in the forecast period include the integration of multi-modal imaging, the development of portable electroencephalogram (EEG) devices, advanced electrode designs, transcranial electrical stimulation (TES), and the integration of artificial intelligence (AI).
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Which major factors have contributed to the expansion of the functional brain imaging system market?
The increasing prevalence of brain cancer is expected to propel the growth of the functional brain imaging system market going forward. Brain cancer is a disease where abnormal cells in the brain grow uncontrollably, forming a tumor that can interfere with brain function. The prevalence of brain cancer is due to factors such as an aging population, better detection methods, environmental risks, and improved reporting. Functional brain imaging systems enhance the accuracy of diagnosis, guide safer and more effective treatment plans, and provide ongoing monitoring to improve outcomes for brain cancer patients. For instance, in January 2024, according to Cancer Australia, a cancer control agency to the Government of Australia, in 2021, there were 1,552 deaths from brain cancer in Australia (945 males and 607 females), and this number is estimated to rise to 1,579 deaths in 2023 (969 males and 610 females). Therefore, the increasing prevalence of brain cancer is driving the growth of the functional brain imaging system market.
How is the functional brain imaging system market segmented?
The functional brain imaging system market covered in this report is segmented –
1) By Type: Functional Magnetic Resonance Imaging (fMRI) Systems, Functional Near Infrared Spectroscopy (fNIRS) Systems, Positron Emission Tomography (PET) System, Others Types
2) By Application: Hospital, Diagnostic imaging center, Other Applications
3) By End-User: Neurology, Psychiatry, Oncology, Cognitive Science
Subsegments:
1) By Functional Magnetic Resonance Imaging (fMRI) Systems: Research-Grade fMRI Systems, Clinical fMRI Systems, High-Field fMRI Systems, Resting-State fMRI Systems
2) By Functional Near Infrared Spectroscopy (fNIRS) Systems: Portable fNIRS Systems, Multi-Channel fNIRS Systems, Wearable fNIRS Devices, Clinical fNIRS Systems
3) By Positron Emission Tomography (PET) Systems: Whole-Body PET Systems, Dedicated Brain PET Systems, PET/CT Hybrid Systems, PET/MRI Hybrid Systems
4) By Other Types: Electroencephalography (EEG) Systems, Magnetoencephalography (MEG) Systems, Diffusion Tensor Imaging (DTI) Systems, Transcranial Magnetic Stimulation (TMS) Systems
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Who are the top competitors in the functional brain imaging system market?
Major companies operating in the functional brain imaging system market are Siemens Healthineers AG, General Electric HealthCare Technologies Inc., NordicNeuroLab AS, Koninklijke Philips N.V., Shimadzu Corporation, Toshiba International Corporation, Elekta AB, Canon Medical Systems Corporation, Cortech Solutions Inc., Compumedics Ltd., Brain Products GmbH, Aspect Imaging Ltd., ANT Neuro GmbH, BIOPAC Systems Inc., Neuroelectrics Corporation, Twente Medical Systems International(TMSI) B.V., Advanced Brain Monitoring Inc., Gowerlabs Ltd., Artinis Medical Systems B.V., NIRx Medical Technologies LLC
Which key trends are expected to influence the functional brain imaging system market in the coming years?
Major companies operating in the functional brain imaging system market are focusing on developing innovative solutions such as pulse sequence technology to enhance image resolution, improve diagnostic accuracy, and reduce scan times, ultimately leading to more effective and efficient brain imaging procedures. Pulse sequence technology in functional brain imaging systems refers to a series of timed radiofrequency (RF) pulses and magnetic field gradients applied during an MRI scan to control the way the MRI system generates images. For instance, in July 2024, Fujifilm Holdings Corporation, a Japan-based company that produces photographic films, launched Aperto Lucent, an open 0.4-tesla MRI system. The system incorporates RADAR motion compensating pulse sequence technology that reduces the need for rescans and mitigates motion artifacts, which can be particularly challenging in MRI exams. The APERTO Lucent utilizes Fujifilm's renowned permanent magnet technology, simplifying installation and reducing operational costs by minimizing the need for additional equipment to maintain the magnetic field.
Which regional trends are influencing the functional brain imaging system market, and which area dominates the industry?
North America was the largest region in the functional brain imaging system market in 2024. The regions covered in the functional brain imaging system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Functional Brain Imaging System Market Report 2025 Offer?
The functional brain imaging system market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A functional brain imaging system refers to a suite of technologies and methods used to visualize and measure brain activity, typically by tracking changes in blood flow, oxygenation, or metabolic processes that occur when specific brain regions are active. These systems are used in research and clinical settings to study brain function, understand neural mechanisms underlying various cognitive tasks, and diagnose neurological or psychiatric conditions.
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