The global demand for Magnetoencephalography Devices Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX K Units in 2021 and forecast to touch XX K Units by 2028 with a CAGR of XX% during 2022-2028.
Magnetoencephalography (MEG) is a medical neuroimaging technology that measures the magnetic field produced by neurons in the brain to track brain activity. It is a non-invasive procedure that is both safe and radiation-free, and it can also be used on children. A MEG device detects and amplifies magnetic signals produced by the brain, and it does not release radiation or create magnetic fields in the surrounding environment. The MEG device, also known as the superconducting quantum interface device, comprises several highly sensitive magnetometers (SQUID). MEG testing can be used to detect disorders like Alzheimer's, epilepsy, and brain malignancies.
Market Dynamics
The global magnetoencephalography market is anticipated to rise due to increased awareness and diagnosis of mental illness and brain injury. In addition, the magnetoencephalography devices market is predicted to increase due to growing technological improvements in MEG systems. Magnetoencephalography device's market growth is likely to be hampered by increasing demand for magnetic resonance imaging (MRI) scanning, computerized axial tomography (CT) scanning, and positron emission tomography (PET) scanning over the forthcoming years. Moreover, the high cost and low availability of MEG devices can further hamper the market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of magnetoencephalography devices. The growth and trends of Magnetoencephalography Devices Industry provide a holistic approach to this study.
Market Segmentation
This section of the magnetoencephalography devices market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Clinical Applications
- Research Applications
By End User
- Hospitals
- Imaging Centres
- Academic & Research Institutes
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Magnetoencephalography Devices market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Magnetoencephalography Devices Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the magnetoencephalography devices market include Compumedics, Ricoh, Croton Healthcare, CTF MEG International Services LP. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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