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Magnetoencephalography Market Trends

  • Report ID: GMI5529
  • Published Date: Nov 2024
  • Report Format: PDF

Magnetoencephalography Market Trends

The growing prevalence of neurological disorders is a key driver for the magnetoencephalography (MEG) market, as it increases the need for accurate, non-invasive diagnostic tools. Neurological conditions like epilepsy, Alzheimer’s disease, Parkinson’s disease, and multiple sclerosis are becoming more common globally, driven by factors such as aging populations and increased awareness of neurological health.
 

  • MEG’s high temporal and spatial resolution provides detailed insights into brain monitoring activities, making it ideal for diagnosing and managing these complex disorders. For instance, in epilepsy treatment, MEG is essential in localizing seizure sources, which informs precise surgical interventions and improves patient outcomes. Additionally, MEG supports the early detection of neurodegenerative diseases by mapping subtle brain changes before symptoms become evident, facilitating timely intervention and treatment planning.
     
  • With a growing emphasis on early and accurate neurological assessments, healthcare systems and research institutions are making substantial investments in MEG technology. MEG’s capability to capture dynamic brain activity in real-time is invaluable for monitoring the progression of neurological disorders, evaluating treatment effectiveness, and supporting the development of personalized medicine approaches. This technology not only enhances diagnostic precision but also plays a critical role in tailoring treatment plans to individual patient needs, advancing both clinical outcomes and research innovations.
     
  • Governments and healthcare organizations globally are prioritizing investments in brain research and advanced diagnostic technologies to combat the growing prevalence of neurological diseases, which in turn accelerates MEG market growth. This increasing demand, coupled with technological advancements enhancing the accessibility and portability of MEG systems, is poised to drive further adoption, particularly in clinical and research settings focused on neurological health. These investments not only support the development of cutting-edge MEG solutions but also expand their applications, making them more integral to both patient care and scientific research.
Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The global magnetoencephalography industry was valued at USD 223.5 million in 2023 and is expected to grow at a CAGR of 11.1% from 2024 to 2032, driven by advancements in neuroscience and increasing demand for non-invasive brain imaging solutions.

The cryogenic systems/conventional segment is projected to expand at a CAGR of 9.4%, reaching around USD 500 million by 2032, due to its crucial role in early diagnosis of neurological diseases.

The North America magnetoencephalography market recorded USD 88.8 million in 2023 and is anticipated to grow at a CAGR of 10.5% between 2024 and 2032, driven by significant investment in neurological research and advanced healthcare infrastructure.

Key players in the magnetoencephalography industry include Cerca Magnetics, Compumedics, CTF MEF, FieldLine, MEGIN, and Ricoh USA.

Magnetoencephalography Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 6
  • Tables & Figures: 100
  • Countries covered: 7
  • Pages: 130
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