fNIRS Brain Imaging System Market was valued at USD 0.45 Billion in 2022 and is projected to reach USD 1.1 Billion by 2030, growing at a CAGR of 12.4% from 2024 to 2030.
The functional Near-Infrared Spectroscopy (fNIRS) brain imaging system market was valued at approximately $220 million in 2022, with a notable growth trajectory. The market is expected to expand at a compound annual growth rate (CAGR) of around 14% from 2022 to 2030. This robust growth is driven by the increasing adoption of non-invasive brain imaging techniques in clinical and research settings. The ability of fNIRS to provide real-time, dynamic brain activity data while being more cost-effective and portable compared to traditional imaging modalities contributes significantly to its growing popularity. Moreover, advancements in fNIRS technology, such as improved sensor designs and data analysis algorithms, are further fueling market expansion.
Opportunities within the fNIRS brain imaging system market are considerable, particularly in emerging markets where there is rising demand for advanced medical diagnostic tools. The growing focus on neurological research and brain health, coupled with an increasing emphasis on early disease detection and personalized medicine, is expected to drive further market growth. Additionally, the integration of fNIRS systems with other imaging modalities and artificial intelligence for enhanced analytical capabilities presents new avenues for market players. Expanding applications in cognitive neuroscience, mental health, and developmental studies are anticipated to create lucrative opportunities for investment and innovation in the fNIRS market.
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Hitachi
Shimadzu Corporation
Artinis
NIRx
OBELAB
Biopac
Huichuang Medical
Gowerlabs
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global fNIRS Brain Imaging System Market
University
Hospital
Research Institution
Others
Based on Types the Market is categorized into Below types that held the largest fNIRS Brain Imaging System market share In 2023.
Desk Type
Portable Type
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global fNIRS Brain Imaging System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global fNIRS Brain Imaging System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global fNIRS Brain Imaging System Market, By Type
6. Global fNIRS Brain Imaging System Market, By Application
7. Global fNIRS Brain Imaging System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global fNIRS Brain Imaging System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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