Us Magnetoencephalography (MEG) Devices Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Magnetoencephalography (MEG) Devices Market was valued at USD 0.45 Billion in 2022 and is projected to reach USD 0.90 Billion by 2030, growing at a CAGR of 9.2% from 2024 to 2030.
The U.S. Magnetoencephalography (MEG) devices market is experiencing significant growth, driven by technological advancements and an increasing prevalence of neurological disorders. MEG devices are non-invasive neuroimaging tools that measure the magnetic fields produced by neuronal activity, offering high spatial and temporal resolution for mapping brain function.
In 2023, the global MEG market was valued at approximately USD 291.80 million, with projections indicating a compound annual growth rate (CAGR) of 5.9% from 2024 to 2030. This growth is attributed to continuous technological improvements in MEG systems and their expanding applications in both clinical and research settings.
One notable trend in the MEG market is the miniaturization and portability of devices. Advances in sensor technology and magnetic shielding have led to the development of compact, portable MEG systems. These innovations maintain high sensitivity and accuracy while offering greater flexibility for use in diverse clinical and research environments. The increased accessibility of portable MEG devices is expected to drive their adoption across various healthcare facilities.
Despite these advancements, the high cost of MEG systems and the need for specialized infrastructure pose challenges to widespread adoption. Additionally, the limited availability of MEG devices, primarily concentrated in specialized research centers, restricts their broader clinical application. Addressing these challenges is crucial for the continued growth and accessibility of MEG technology.
In the U.S., the MEG market is bolstered by significant investments in research and development, as well as the presence of key industry players. Companies such as Compumedics Limited and Ricoh are actively engaged in the development and distribution of MEG systems, contributing to market expansion. The integration of MEG with other imaging modalities, like MRI and PET, enhances diagnostic capabilities, providing comprehensive insights into brain function and pathology.
As the understanding of neurological disorders deepens, the demand for precise diagnostic tools like MEG devices is expected to rise. The U.S. MEG devices market is poised for continued growth, driven by technological innovations, increased research funding, and a focus on improving patient outcomes in neurological care.
In a related sector, the 100 Gigabit Fiber Optic Transceiver Market is also witnessing growth, reflecting the broader trend of technological advancements across various industries.
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Medtronic
Natus Medical
Nihon Kohden
Philips Healthcare
GE Healthcare
Siemens Healthcare
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 Magnetoencephalography (MEG) Devices Market
Whole-Head MEG Systems
Partial-Head MEG Systems
MEG Systems with Concurrent Imaging (fMRI, EEG)
Portable MEG Devices
Superconducting Quantum Interference Device (SQUID) MEG
Optically Pumped Magnetometer (OPM) MEG
Magnetoencephalography Based on Spintronic Sensors
Advanced Signal Processing MEG Technology
Clinical Diagnosis
Research and Neuroscience
Pre-Surgical Mapping
Brain-Computer Interface Development
Hospitals and Clinics
Academic and Research Institutions
Pharmaceutical and Biotechnology Companies
Government Research Facilities
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
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 Magnetoencephalography (MEG) Devices 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 Magnetoencephalography (MEG) Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Magnetoencephalography (MEG) Devices Market, By Type
6. Global Magnetoencephalography (MEG) Devices Market, By Application
7. Global Magnetoencephalography (MEG) Devices Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Magnetoencephalography (MEG) Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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