Global Functional Brain Imaging Systems Market: Snapshot
Functional brain imaging systems in collaboration with functional MRI systems have been utilized in understanding human brain. Increasingly the technologies have been used for diagnostic applications—detecting abnormalities in human brain tissues. The functional brain imaging systems market has evolved rapidly on the back of technological advances in functional neurological imaging. Combination of magnetoencephalography and positron emission tomography technologies has expanded the potential of the functional brain imaging systems market. Further, emerging attractive clinical avenues in multimodality imaging techniques underpin the evolution of the market.
Key end users in the functional brain imaging systems market are office-based clinics, hospitals, diagnostic imaging centers, and ambulatory surgical centers. Of these, diagnostic imaging and ambulatory centers are early adopters of state-of-the-art functional brain imaging technology. The demand for personalized treatment will open lucrative avenues in cognitive neurosciences.
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Global Functional Brain Imaging Systems Market: Notable Developments
New functional brain imaging approaches and systems are being utilized in research applications. This is expanding the potential of the functional brain imaging systems market. A key area of focus understands how certain difference in brain networks in health individuals affects emotional health and well-being. In a recent research, the results of which is published in a peer-reviewed journal Psychiatry Research: Neuroimaging, the researchers used functional brain imaging technology to obtain high-quality neuroimaging data. The study concluded that a strong link between two brain networks is associated with feelings of aggression and anger.
The study used two different magnetic resonance imaging (MRI) approaches. One approach looked at how changes in functional MRI signals affect brain activity. The other one gave insight into the anatomical pathways underlying the white matter in the brain. Such research will likely expand the potential of functional brain imaging systems in uncovering the mechanism of our emotions.
A growing number of manufacturers in the functional brain imaging systems market are engaged in developing portable devices to meet patients’ needs. Some of the key players looking for higher stakes in the functional brain imaging systems market are:
- Hitachi Medical Systems
- EB Neuro S.p.A.
- MinFound Medical Systems Co., Ltd
- Medtronic Plc
- Koninklijke Philips N.V.
Global Functional Brain Imaging Systems Market: Growth Dynamics
The functional brain imaging systems is benefitting from the adoption of new integrated MRI approaches in developing inexpensive and portable MRI brain scanner. Constant advancements are being made in microelectronics and electronic assembly used. Growing government funding, especially in developed economies, has been stimulating slew of research and development activities in the functional brain imaging systems market.
Growing numbers of National Institutes of Health (NIH)-funded projects in developing technologically advanced, portable functional brain imaging are a case in point.
The growing incidence of neurodegenerative disorders is a key trend bolstering the demands for structural and functional brain imaging. Growing awareness about the brain health in developing economies is also imparting impetus to the demand for functional brain imaging for diagnostics. In addition, world over, lifespan developmental neuroscience has attracted attention of the healthcare industry. All these trends are boosting the functional brain imaging (fMRI) market.
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For instance, functional magnetic resonance imaging show promising potential in a number of neuropsychiatric disorders, most notably schizophrenia investigation. Moreover, in recent years several studies have been done to assess the potential of fMRI in understanding brain health during aging.
Global Functional Brain Imaging Systems Market: Regional Analysis
Of the various key regions, North America is a potentially lucrative market. The growth to a large part supported by sizable investments in healthcare industry and adoption of state-of-the-art functional imaging technologies. On the other hand, Asia Pacific is a promising regional market. The growth is driven by the rising research and development in neuroscience imaging in its economies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.