29-Sep-2021 | Market Research Store
According to the report published by the Market Research Store, “Magnetoencephalography Market By Application (Clinical Applications and Research Applications), and By End-User (Hospitals, Imaging Centers, and Academic & Research Institutes): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021–2026” states that the global demand for the magnetoencephalography market in 2020 was approximately USD 266.3 Million. The market is expected to grow at a CAGR of 4.9% and is anticipated to reach around USD 466.7 Million by 2026.
Magnetoencephalography (MEG) is one of the medical tests which measures the magnetic fields generated by the human brain’s electrical currents without passing into the body of a human by incision or puncture. It is a non-invasive medical test that plays an essential part in mapping the functioning of the brain, as well as in identifying the accurate location of the cause of epileptic seizures.
It is the most superior technique that applies electro-magnetic recording and evaluating procedures for the brain to check for its vigorous functioning. The recordings taken from MEG give the correct measurement of neurons to locate precisely the malfunctioning. Magnetoencephalography provides a prospective advantage with its electromagnetic imaging techniques, as it does not engage any contact with ionizing radiation. This is an extremely specific, real-time study of brain activity.
Several growth factors such as the growing incidence of brain diseases, the rising awareness, and diagnosis of brain injury or mental illness, the growing popularity due to non-invasive techniques, the mounting research and development of novel magnetoencephalography devices are driving the market expansion of the global magnetoencephalography industry. Furthermore, other major aspects that are expected to propel the market growth during the forecast period include technological enhancement, potential product launchings, governmental initiatives, marketing strategies, and the market development adopted by key players. Also, the increasing amount of imaging centers and growth in technology are enhancing the market growth of global magnetoencephalography.
On the other hand, the rising preference for other techniques such as magnetic computerized axial tomography (CT) scanning, resonance Imaging (MRI) scanning, and Positron emission tomography (PET) scanning will hinder the market growth in the global magnetoencephalography during the forecast period. Also, the low availability of magnetoencephalography (MEG) devices is expected to impede the development of the magnetoencephalography market.
The global magnetoencephalography (MEG) market has been classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East, and Africa. The region of North America is dominating in terms of revenue in the global magnetoencephalography market due to the rising adoption of magnetoencephalography systems for the reason of clinical brain diagnosis along with the occurrence of renowned market players in the United States including DePuy Synthes Companies, Advanced Brain Monitoring Inc., Cadwell Laboratories Inc., Electrical Geodesics Inc., CAS Medical Systems, and HeadSense Medical Inc.
The Asia-Pacific magnetoencephalography market is the fastest-growing region in the global magnetoencephalography market due to key factors such as the rising rate of mental health disorders in the region. Europe is accounted for the second-largest market revenue as a result of the quick technological advancements in magnetoencephalography (MEG) systems in the region.
Croton Healthcare, CTF MEG International Services LP, Ricoh Company Ltd, and Compumedics Limited are some significant market players operating in the global magnetoencephalography (MEG) market. In addition, the key companies have been focusing on novel product launches as well as technological innovations that are providing a drive to the overall market expansion.
Browse the full “Magnetoencephalography Market By Application (Clinical Applications and Research Applications), and By End-User (Hospitals, Imaging Centers, and Academic & Research Institutes): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026.” Report at https://www.marketresearchstore.com/market-insights/magnetoencephalography-market-828635
This report segments the global magnetoencephalography market as follows:
Global Magnetoencephalography Market: By Application
Global Magnetoencephalography Market: By End-User
Global Magnetoencephalography Market: Regional Segmentation Analysis
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