Brain Modalities and Software Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The presence of high incidence rates of diseases leading to brain disorders such as epilepsy, Alzheimer’s disease, brain tumors, and multiple sclerosis will also serve this market as high impact rendering drivers. According to the World Health Organization (WHO), the global prevalence of epilepsy and multiple sclerosis was calculated at 50 million and 2.5 million respectively. These stats show the need for brain modalities and software devices in the global healthcare industry today. The market offers a wide range of devices to treat abnormal brain activities and restore their functioning, depending on the case.

The growth of this market is driven owing to the rising incidence and prevalence of neurological disorders, rising awareness of neurodegenerative diseases, and growth in the number of traumatic brain injuries. For instance, According to World Health Organization (WHO), in September 2021 more than 55 million people live with dementia worldwide, and there are nearly 10 million new cases every year. Also, in 2019, globally, 50 million people were diagnosed with epilepsy. According to World Health Organization (WHO), nearly 80% population live in low- and middle-income countries.

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According to UnivDatos Market Insights (UMI)’ research report “Global Brain Modalities and Software Market Analysis, 2020”, the brain modalities and software market is projected to grow at a CAGR of ~5% during 2021-27F. The demand for the brain modalities & software market is increasing on account of the increasing incidence and prevalence of neurological disorders, rising awareness of neurodegenerative diseases, growth in the number of traumatic brain injuries, and increasing applications of Brain Modalities in clinical trials.

Based on offering, the brain modalities and software market is bifurcated into brain imaging modalities, and brain analysis software. Among these, the brain imaging modalities category held the largest share in the market. This is mainly due to the rising incidence of neurological, traumatic brain injuries, psychotic, and sleep disorders, the need for early diagnosis, and increasing patient awareness.

Based on patient type, the market is categorized into adults, pediatrics & infants. Among these, the pediatrics & infants category is projected to witness significant growth during the forecast period. Some neurological conditions are inborn, caused by birthing mishaps, such as hemorrhage, asphyxia, hydrocephalus, a viral or bacterial infection contracted during pregnancy, delivery, or after birth, and use of alcohol or drugs during pregnancy. Furthermore, rising incidences of traumatic brain injuries is also a key factor driving the market.

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Based on application, the brain modalities and software market is segmented into traumatic brain injury (TBI), Headache Disorders, Epilepsy, Sleep Disorders, Parkinson’s Disease, Stroke, Huntington's Disease, Dementia, and others. In 2020, TBI held a significant share in the market. This is mainly due to the growing incidence of traumatic brain injuries across the globe, leading to high demand for the efficient diagnosis and treatment of these cases, thus requiring the intensive use of brain modalities and software devices.

Based on end-users, the brain modalities and software devices market is segmented into hospitals & clinics, neurology centers, ambulatory surgery centers (ACS), and diagnostic image centers. The diagnostic image centers is expected to hold a dominant position during the forecast period. Brain modalities and software is a complex process, requiring expensive and advanced devices and equipment that are mainly found in diagnostic image centers. Additionally, brain modalities and software devices pose a considerable burden in terms of maintenance expenses on healthcare facilities, more than other end-users.

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North America to Grab Lion’s Share, Asia-Pacific to register the fastest growth

For a better understanding of the market adoption, the report provides a detailed analysis of major regions and countries including North America (US, Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of APAC), and Rest of World. North America is expected to dominate the brain modalities and software market due to the growing incidence of neurological diseases coupled with rising expenditure on development of advance products and systems for treatment of various neurological and other diseases. However, Asia-Pacific is expected to experience the highest growth rate during the forecast period, due to the increase in the geriatric population.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global brain modalities & software market include Some of the major key players operating in the market include Vuno Co. Ltd., Fujifilm Holdings Corporation, Imaging Biometrics LLC, A.I. Analysis Inc., Aspect Imaging Ltd., IXICO plc, Mint Labs Inc., Medtronic, CAS Medical Systems, Inc., Drägerwerk AG & Co. KGaA.

“Global Brain Modalities & Software Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for manufacturers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.  

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Market Segmentation:

1.      By offering(Brain Imaging Modalities and Brain Analysis Software)

2.      By patient type (Adults and Pediatrics & Infants)

3.      By Application (Headache Disorders, Epilepsy, Sleep Disorders, Parkinson’s Disease, Traumatic Brain Injury (TBI), Stroke, Huntington's Disease, Dementia, Others)

4.      By End-Users (Hospitals & Clinics, Neurology Centers, Ambulatory Surgery Centers (ACS), and Diagnostic Image Centers)

5.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

6.      By Company (Vuno Co. Ltd., Fujifilm Holdings Corporation, Imaging Biometrics LLC, A.I. Analysis Inc., Aspect Imaging Ltd., IXICO plc, Mint Labs Inc., Medtronic, CAS Medical Systems, Inc., Drägerwerk AG & Co. KGaA)

Key questions answered in the study:

1.      What are the current and future trends of the global brain modalities and software industry?

2.      How the industry has been evolving in terms of end-user demand, application, and product areas?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the brain modalities and software industry?

5.      What are the customer orientation, purchase behavior, and expectations from the brain modalities and software firms across various regions?

Table of Content-

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 IMPACT OF COVID-19 ON THE BRAIN MODALITIES & SOFTWARE MARKET

6 BRAIN MODALITIES & SOFTWARE MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY OFFERING

8 MARKET INSIGHTS BY PATIENT TYPE

9 MARKET INSIGHTS BY APPLICATION

10 MARKET INSIGHTS BY END-USER

11 MARKET INSIGHTS BY REGION

12 BRAIN MODALITIES & SOFTWARE MARKET DYNAMICS

13 BRAIN MODALITIES & SOFTWARE MARKET OPPORTUNITIES

14 BRAIN MODALITIES & SOFTWARE MARKET TRENDS

15 POLICY AND REGULATORY LANDSCAPE

16 DEMAND AND SUPPLY-SIDE ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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