Global Magnetoencephalography Devices Market to surpass US$ 359.5 million by 2026 - Coherent Market Insights

SEATTLE--()--According to Coherent Market Insights, the global magnetoencephalography devices market 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).

Key Trends and Analysis of the Magnetoencephalography Devices Market:

The magnetoencephalography devices market size is expected to witness remarkable growth over the forecast period, owing to increasing research and development of new MEG devices. For instance, in November 2017, Leti, a research institute of CEA Tech, announced the development of a next-generation magnetoencephalography (MEG) device that can significantly reduce the cost of MEG systems, improve diagnosis and treatment for epilepsy patients, and assist the surgeons while performing brain surgery.

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Moreover, the magnetoencephalography devices market is expected to generate high revenue over the forecast period, owing to development of new MEG technology. For instance, in 2016, York Instruments Ltd., a subsidiary of Croton Healthcare, developed the next generation magnetoencephalography (MEG) brain scanner, the latest HyQUID sensors technology embedded in MEG devices. It is a novel development of the generic SQUID technology used in older MEG devices . The HyQUID retains the sensitivity of the SQUID to magnetic field whilst having better overall performance characteristics, and is simpler to fabricate and calibrate.

Major players in the magnetoencephalography (MEG) devices market are focused on strategic acquisitions to increase the sales and distribution of their products across the globe. For instance, in July 2017, York Instruments Ltd., a subsidiary of Croton Healthcare, acquired Elekta’s magnetoencephalography (MEG) business.

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Key Market Takeaways:

  • The global magnetoencephalography devices market is projected to exhibit a CAGR of 4.5% over the forecast period (2019 – 2026), owing to increasing regulatory approvals. For instance, in 2017, Ricoh announced that its RICOH MEG Measurement System received the 510(k) clearance from the U.S. Food and Drug Administration (FDA). RICOH MEG, Ricoh's magnetoencephalography system, is a non-invasive way of detecting faint signals within the brain.
  • Among region, North America is expected to hold a dominant position in the global magnetoencephalography devices market over the forecast period, owing to increasing adoption of magnetoencephalography systems for the purpose of clinical brain diagnosis. For instance, the Health Sciences Center (Denver, U.S.), Brain Sciences Center (Minneapolis, U.S.), and Montreal Neurological Institute (Montreal, Canada) are some of the notable institutions that utilize magnetoencephalography systems for diagnosing brain disorders.
  • Major players operating in the global magnetoencephalography devices market include Compumedics Limited, Croton Healthcare, Ricoh Company, Ltd., and CTF MEG International Services LP.

Report Segmentation:

  • Global Magnetoencephalography Devices Market, by Application:
    • Clinical Applications
      • Dementia
      • Autism
      • Schizophrenia
      • Multiple Sclerosis
      • Stroke
      • Epilepsy
      • Traumatic Brain Injury
      • Brain Tumor
    • Research Applications
  • Global Magnetoencephalography Devices Market, by End User:
    • Hospitals
    • Imaging Centers
    • Academic & Research Institutes
  • Global Magnetoencephalography Devices Market, by Region:
    • North America
      • By Country:
        • U.S.
        • Canada
  • Europe
    • By Country:
      • U.K.
      • Germany
      • Italy
      • Spain
      • France
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • Australia
      • India
      • China
      • Japan
      • ASEAN
      • South Korea
      • Rest of Asia Pacific
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Middle East
    • By Country:
      • GCC
      • Israel
      • Rest of Middle East
  • Africa
    • By Country/Region:
      • South Africa
      • Central Africa
      • North Africa
  • Company Profiles

 

Contacts

Mr. Raj Shah
Coherent Market Insights
1001 4th Ave.
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
sales@coherentmarketinsights.com

Contacts

Mr. Raj Shah
Coherent Market Insights
1001 4th Ave.
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
sales@coherentmarketinsights.com