According to the report published by the Market Research Store, global demand for the Magnetoencephalography market was estimated at approximately USD 266.3 Million in 2020 and is expected to generate revenue of around USD 466.7 Million by the end of 2026, growing at a CAGR of around 4.9% between 2021 and 2026.
| REPORT SNAPSHOT & REPORTING DATA TIMEFRAME | |
|---|---|
| Parameter | Details |
| Historical Date ( Actual Data) | 2016 - 2020 |
| Base Year Data | 2020 |
| Current Year Data | 2021 |
| Projected Data | 2021 - 2026 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | product type, application, region |
| Regional scope | North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
| Country Scope | U.S.; Canada; Mexico; Germany; France; U.K.; China; Japan; South Korea; Singapore; Malaysia; Brazil; Saudi Arabia |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
The global magnetoencephalography market is projected to observe significant market growth in the forthcoming years. The major factors driving the global magnetoencephalography market are the growing research and development of new MEG devices, the increasing popularity due to non-invasive techniques, and the increasing prevalence of brain diseases. The growing awareness and diagnosis of brain injury or mental illness are anticipated to enhance the market growth of the global magnetoencephalography industry in the coming years. Moreover, the mounting amount of imaging centers and expansions in technology are boosting the market development of global magnetoencephalography. Also, the potential product launches, the technological improvements, the governmental initiatives, the market development, and the marketing strategies by top market players in the global magnetoencephalography market are likely to propel the market growth during the forecast period.
However, factors such as the increasing preference for other techniques like magnetic computerized axial tomography (CT) scanning, resonance Imaging (MRI) scanning, and Positron emission tomography (PET) scanning might slow down the market growth in the global magnetoencephalography over the analysis period. Another factor that is likely to hamper the market growth of magnetoencephalography includes the low availability of magnetoencephalography (MEG) devices.
The global magnetoencephalography (MEG) market can be classified into application and end-user. On the basis of application, the global magnetoencephalography market can be segmented into clinical applications and research applications. In terms of the end-user industry, the global magnetoencephalography market can be categorized into hospitals, imaging centers, and academic & research institutes.
On the basis of regional analysis, the magnetoencephalography (MEG) market is categorized into five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East, and Africa. The North American market is anticipated to hold a leading position, in terms of region, in the global magnetoencephalography market during the projected period. The high growth in this regional market can be attributed to the growing adoption of magnetoencephalography systems for the motive of clinical brain diagnosis. Also, the presence of well-known market players in the United States together with Cadwell Laboratories Inc., Advanced Brain Monitoring Inc., Electrical Geodesics Inc., DePuy Synthes Companies, HeadSense Medical Inc., and CAS Medical Systems is responsible for the market expansion in this region.
Moreover, the European region is accounted for the second-largest market revenue owing to the quick technological advancements in magnetoencephalography (MEG) systems in this region. The Asia-Pacific market is known as the fastest-growing region in the global magnetoencephalography market, owing to the growing occurrence of mental health disorders in this region.
Major market players covered in the global magnetoencephalography (MEG) market include Croton Healthcare, Compumedics Limited, Merck & Co. Inc., CTF MEG International Services LP, and Ricoh Company Ltd. Moreover, the key market players in the global magnetoencephalography (MEG) market are focusing on strategic acquisitions to augment the sales and distribution of their products at the global level.
The major factors driving the global magnetoencephalography market are the growing research and development of new MEG devices, the increasing popularity due to non-invasive techniques, and the increasing prevalence of brain diseases.
The global demand for the magnetoencephalography market was estimated at approximately USD 266.3 Million in 2020 and is expected to generate revenue of around USD 466.7 Million by the end of 2026, growing at a CAGR of around 4.9% between 2021 and 2026.
The North American market is anticipated to hold a leading position, in terms of region, in the global magnetoencephalography market during the projected period. The high growth in this regional market can be attributed to the growing adoption of magnetoencephalography systems for the motive of clinical brain diagnosis.
Major market players covered in the global magnetoencephalography (MEG) market include Croton Healthcare, Compumedics Limited, Merck & Co. Inc., CTF MEG International Services LP, and Ricoh Company Ltd. Moreover, the key market players in the global magnetoencephalography (MEG) market are focusing on strategic acquisitions to augment the sales and distribution of their products at the global level.
Magnetoencephalography
Magnetoencephalography
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