Brain Disease Modalities and Software Market Research Report 2023 - InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Brain Disease Modalities And Software Market Size, Share & Trends Analysis Report By Product (Brain Imaging Modalities and Brain Analysis Software), By Type of Patients (Adults, Pediatrics and Infants), Region, Market Outlook And Industry Analysis 2031"

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According to the latest research by InsightAce Analytic, the Global Brain Disease Modalities And Software Market is valued at US$ 13.51 Billion in 2022, and it is estimated to reach US$ 21.12 Billion by 2031, with a CAGR of 5.23 % during the forecast period of 2023-2031.

Brain disease modalities contain conventional imaging techniques like MRI, CT scans, PET, and combined functionalities of PET with MRI or CT. Computerized Tomography (CT) scan gives multi-angular cross-sectional X-ray images using tomography and digital geometry, while Magnetic Resonance Imaging (MRI) offers detailed images with the help of radio waves and magnetic fields. These imaging techniques are used to diagnose and monitor neural activity, cerebral oxygen capacity, strokes, tumours, blood pressure, traumatic cranial injury, and other critical functions.

Brain imaging software offers a significant addition to the scanned images obtained through these modalities for quantitative analysis. It provides detailed analysis with statistical data, which supports the diagnosis. Quantitative insights into the structure, biomarkers & other delicate abnormalities in the brain are helpful in assisting in a more precise diagnosis of neurological disorders.

Developing improvements and the growing use of artificial intelligence is the major driving factor of the market. The increasing prevalence of neurological disorders and demands for safer and non-invasive imaging devices will also drive the forecast market. There was a regression in demand for neuroimaging services, which was balanced by the necessity for respiratory imaging techniques and tests for COVID-19 treatment. In contrast, the usage of helium gas in imaging devices is affected due to shortage. The direct impact is on the performance and functioning of the device. The economic imbalance also retrieves the growing market as the investment for these devices, and the cost for the testing is high enough that the patient goes for the alternate modalities.

North America and Europe are reported as the most significant shareholder of the brain diseases modalities and software market in 2022, while the Asia-Pacific region is expecting to grow at a higher CAGR due to the applications, technology, and end-use.

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Competitive Landscape

Some of The Key Players in The Brain disease modalities and software Market:

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·?????? Quantib

·?????? Brainomix

·?????? Qure.ai

·?????? 通用电气 Company

·?????? Imaging Biometrics, LLC

·?????? 上海联影医疗科技股份有限公司 Co. Ltd.

·?????? 西门子

·??????Healthineers AG

·?????? KONINKLIJKE PHILIPS ELECTRONICS NV

·?????? Canon Inc.

·?????? VUNO Inc.

·?????? Aspect Imaging

·?????? IXICO

·?????? QMENTA

·?????? Cortechs.ai ?

·?????? A.I. Analysis, Inc.

·?????? FUJIFILM Holdings Corporation

·??????Other Prominent Players.

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Key developments

·??????In Mar 2023, Brainomix declared that the FDA had approved its Brainomix 360 e-ASPECTS tool for stroke, allowing the Oxford-based business to introduce its cutting-edge stroke AI imaging technology to US stroke facilities.?????????????

·??????In Jan 2022, Quantib introduced a substantial upgrade to its AI-powered solution for brain atrophy and white matter hyperintensity progression called Quantib? ND 2.0. This upgrade was made possible by the company's commitment to continuous research and development. The solution has been given authorization by the FDA for use in clinical settings in the United States.

·??????In Nov 2021, Siemens Healthineers Launches World’s First CT Scanner ‘NAEOTOM Alpha’ With Photon-Counting Technology. The photon-counting technology enables drastic improvements in radiation dose by up to 45 percent rise in reduction and resolution for ultra-high resolution (UHR) scans compared with traditional CT detectors.

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Market Segments

Global Brain disease modalities and software Market segmented by Products, 2023-2031 (Value US$ Mn)

·??????Brain analysis software

§?PET Devices

§?CT Devices

§?MRI Devices

§?PET-CT

§?PET-MRI

·??????Brain imaging modalities

Global Brain disease modalities and software Market segmented by Type of Patients, 2023-2031 (Value US$ Mn)

·??????Adults

·??????Pediatrics

·??????Infants

Global Brain disease modalities and software Market segmented by End-User, 2023-2031 (Value US$ Mn)

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·??????Hospitals and clinics

·??????Ambulatory surgery centers

·??????Diagnostic imaging centers

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Global Brain disease modalities and software Market segmented by Region, 2023-2031 (Value US$ Mn)

·??????North America

·??????Europe

·??????Asia Pacific

·??????Latin America

·??????Middle East & Africa

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