NEUROIMAGING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Neuroimaging Market Size and Trends

The neuroimaging market size is expected to reach US$ 56.58 Billion by 2030, from US$ 37.63 Billion in 2023, exhibiting a compound annual growth rate (CAGR) of 6% during the forecast period.

The aging population is also a major factor driving the growth of the market, as neurological disorders are more common in older adults. Growing demand for personalized medicine is another major driver of the neuroimaging market. Personalized medicine is a field of medicine that tailors treatment to the individual patient. Neuroimaging can be used to identify the specific changes in the brain that are associated with a particular disease. This information can then be used to develop personalized treatment plans.

Neuroimaging Market Trends:

• Functional imaging advancements: Increasing focus on functional imaging techniques like functional MRI (fMRI) and positron emission tomography (PET) for mapping brain activity and connectivity. For instance, in October 2022, GE Healthcare, a global medical technology and digital solutions innovator; introduces Omni Legend, the first system on its all new, all-digital PET (Positron Emission Tomography)/CT (Computed Tomography) platform. This cutting edge system features a brand-new category of digital BGO (Bismuth germanium oxide) (dBGO) detector material with a small crystal size that delivers more than two times the sensitivity of prior digital scanners, thus enabling faster total scan times and impressive small lesion detectability.
• Teleimaging and remote monitoring: Expanding applications of neuroimaging in telemedicine and remote patient monitoring enables consultations and diagnostics from a distance.