Magnetoencephalography
Devices Market, by Application (Clinical Application, (Dementia, Autism,
Schizophrenia, Multiple Sclerosis, Stroke, Epilepsy, Traumatic Brain Injury,
Brain Tumor), and Research Applications), by End User (Hospitals, Imaging Centers, and Academic & Research Institutes), and
by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and
Africa) was valued at US$ 253.3 million
in 2018, and is projected to exhibit a CAGR of 4.5% over the forecast period
(2019 - 2026), as highlighted in a new report published by.
The magnetoencephalography (MEG)
device market is expected to witness significant growth over the forecast
period, owing to technological advancements. For instance, in March 2018,
researchers from the Sir Peter Mansfield Imaging Centre, University of
Nottingham, and Welcome Centre for Human Neuroimaging, developed a next
generation brain scanner similar to a helmet, allowing patients to move
naturally while scanning. Moreover, increasing prevalence of neurodegenerative
disorders across the globe, such as dementia, epilepsy, schizophrenia, and
autism is expected to propel magnetoencephalography (MEG) devices market growth
over the forecast period. For instance, according to the report of Global
Burden of Neurodegenerative Disorders presented at the 61st IAEA General
Conference on September 21, 2017, 46.8 million people worldwide have dementia.
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As per the same source, among
46.8 million people with dementia, 1-2% of the global population is above the
age of 65. Furthermore, rising incidence of traumatic brain injury (TBI) is
expected to accelerate growth of the MEG devices market in the near future. For
instance, according to data published in March 2019 by the Centers for Disease
Control and Prevention (CDC), around 2.87 million TBI-related emergency
department (ED) visits, hospitalizations, and deaths occurred in the U.S. in
2014, accounting for over 837,000 of health emergencies, which also included
children.
Browse 40 Market Data Tables and
48 Figures spread through 174 Pages and in-depth TOC on
"Magnetoencephalography Devices Market, By Application (Clinical Application,
(Dementia, Autism, Schizophrenia, Multiple sclerosis, Stroke, Epilepsy,
Traumatic brain injury, Brain Tumor), and Research Applications), By End User
(Hospitals, Imaging Centers, and
Academic & Research Institutes), and By Region (North America, Latin
America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to
2026"
Key players in the
magnetoencephalography market are engaged in research and development of
devices especially for the pediatric population. For instance, in November
2014, researchers from the Boston Children’s Hospital launched a baby
magnetoencephalography (MEG) system for pediatric patients.
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Report: https://www.coherentmarketinsights.com/market-insight/magnetoencephalography-market-2467
Key Takeaways of the Magnetoencephalography
Devices Market:
The global magnetoencephalography
devices market is expected to exhibit a CAGR of 4.5% over the forecast period
(2019–2026) owing to increasing technological advancements in the magnetoencephalography
market, and rising prevalence of neurodegenerative disorders across the globe
Among application type, the
dementia sub-segment is expected to account for a major revenue share by 2026,
owing to increase incidence of dementia worldwide. For instance, according to
the World Alzheimer Report, in 2016, an estimated 46.5 million people were
suffering from Alzheimer’s disease worldwide.
Major players operating in the
global magnetoencephalography devices market include Compumedics Limited,
Croton Healthcare, Ricoh Company, Ltd., and CTF MEG International Services LP.
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