Global Brain Imaging And Neuroimaging Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Imaging Type;
Functional Magnetic Resonance Imaging (fMRI), Computed Tomography (CT), Positron Emission Tomography (PET), Electroencephalography (EEG), Magnetoencephalography (MEG), and Near Infrared Spectroscopy (NIRS).By End User;
Hospitals, Ambulatory Surgical Centers, and Clinics & Diagnostic Centers.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Brain Imaging And Neuroimaging Market (USD Million), 2021 - 2031
In the year 2024, the Global Brain Imaging And Neuroimaging Market was valued at USD 13,749.58 million. The size of this market is expected to increase to USD 19,148.00 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.
The Brain Imaging and Neuroimaging Market exhibits a promising trajectory, anticipated to witness steady growth in the forthcoming years. A primary driving force behind this growth is the escalating prevalence of neurological disorders, compounded by an aging global population, particularly susceptible to conditions such as Alzheimer’s, epilepsy, Parkinson’s, and dementia. These demographic shifts are expected to fuel demand for brain imaging and neuroimaging technologies, as early detection and accurate diagnosis become increasingly vital for effective management of these conditions. Additionally, the continuous influx of new technological advancements and heightened investments in research and development are poised to further propel market expansion. Moreover, the rising incidence of brain cancer and the uptick in road accidents worldwide are anticipated to contribute to the market's growth trajectory.
On the flip side, the high cost associated with brain imaging and neuroimaging devices poses a significant challenge to market growth. However, leading market players are actively engaged in developing innovative solutions aimed at addressing this barrier. Notably, efforts to create advanced, portable brain scanners are underway, with the potential to revolutionize the field by enhancing accessibility and affordability of brain imaging procedures. One such example is the portable brain scanner technology developed by researchers at EM Vision medical devices, offering the capability to conduct brain scans from any location. Despite these advancements, the persisting high costs of imaging devices remain a notable obstacle hindering market growth. Nevertheless, the North America region presents lucrative opportunities for key market players, driven by factors such as rising disease prevalence and heightened awareness of neurological conditions. For instance, the Parkinson’s Foundation reports a significant number of individuals afflicted by Parkinson’s Disease, highlighting the pressing need for effective diagnostic and treatment modalities. This underscores the potential for market players to capitalize on the growing demand for innovative brain imaging and neuroimaging solutions in the region.
Looking ahead, continued efforts towards innovation and technological advancement are poised to shape the future landscape of the Brain Imaging and Neuroimaging Market. Collaborations between industry stakeholders and research institutions are likely to drive the development of cutting-edge imaging technologies, aimed at enhancing diagnostic accuracy, efficiency, and affordability. Moreover, ongoing initiatives focused on improving accessibility to imaging services, particularly in underserved regions, hold promise for expanding market reach and addressing unmet medical needs.
Global Brain Imaging And Neuroimaging Market Recent Developments
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In August 2022, Siemens Smart Infrastructure (SI), the market leader in digital buildings, completed the acquisition of Brightly Software, a leading asset and maintenance management software-as-a-service (SaaS) provider based in the United States. The acquisition propels SI to the forefront of the software market for buildings and built infrastructure. It combines Brightly's well-established cloud-based capabilities in key sectors such as education, public infrastructure, healthcare, and manufacturing with Siemens' digital and software expertise in buildings.
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In August 2022, Ernst & Young LLP and GE Digital announced a partnership to assist organizations in transforming their manufacturing operations. The alliance combines EY USA's proven sector expertise and technology consulting services with GE's over 100 years of manufacturing experience and rich digital technology.
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In June 2022, Toshiba Electronics Europe GmbH, its European sales and marketing subsidiary, announced the extension of its relationship with Farnell, a global distributor of electronic components, products, and solutions known as Farnell in Europe, Newark in North America, and element in Asia Pacific. Farnell may stock more Toshiba products in larger quantities due to this agreement, increasing their support of Toshiba's customer supply chain.
Segment Analysis
The Global Brain Imaging and Neuroimaging Market, segmented by Imaging Type into Functional magnetic resonance imaging (fMRI), Computed Tomography (CT), Positron Emission Tomography (PET), Electroencephalography (EEG), Magnetoencephalography (MEG), and Near infrared spectroscopy (NIRS), showcases diverse opportunities for growth and innovation. Functional magnetic resonance imaging (fMRI) holds promise for non-invasive, high-resolution mapping of brain activity, facilitating advanced research and clinical applications in neuroscience. Computed Tomography (CT) offers rapid imaging of brain structures, aiding in the diagnosis of acute conditions such as hemorrhage or stroke. Positron Emission Tomography (PET) enables quantitative assessment of metabolic and molecular processes in the brain, supporting diagnosis and monitoring of neurological disorders. Electroencephalography (EEG) provides real-time monitoring of brain electrical activity, essential for diagnosing epileptic seizures and studying brain function. Magnetoencephalography (MEG) complements EEG by mapping magnetic fields generated by neuronal activity, offering insights into brain dynamics and connectivity.
Near infrared spectroscopy (NIRS) offers portable, non-invasive monitoring of cerebral oxygenation and blood flow, facilitating bedside assessment in hospitals and ambulatory settings. Moreover, the segmentation by End User into Hospitals, Ambulatory Surgical Centers, Clinics & Diagnostic Centers underscores the diverse settings where brain imaging technologies are deployed, catering to the diagnostic and therapeutic needs of patients across healthcare facilities. Hospitals serve as primary hubs for comprehensive neuroimaging services, equipped with advanced imaging modalities and multidisciplinary teams for neurologic care. Ambulatory Surgical Centers offer convenient access to brain imaging services for outpatient procedures and diagnostic evaluations. Clinics & Diagnostic Centers play a pivotal role in community-based healthcare delivery, offering specialized neuroimaging services and contributing to early diagnosis and intervention for neurological conditions. Collectively, the segment analysis highlights the multifaceted landscape of the Global Brain Imaging and Neuroimaging Market, characterized by a spectrum of imaging technologies and diverse healthcare settings, driving advancements in neurodiagnostics and patient care.
Global Brain Imaging And Neuroimaging Segment Analysis
In this report, the Global Brain Imaging And Neuroimaging Market has been segmented by Imaging Type, End User, and Geography.
Global Brain Imaging And Neuroimaging Market, Segmentation by Imaging Type
The Global Brain Imaging And Neuroimaging Market has been segmented by Imaging Type into Functional magnetic resonance imaging (fMRI), Computed Tomography (CT), Positron Emission Tomography (PET), Electroencephalography (EEG), Magnetoencephalography (MEG), and Near infrared spectroscopy (NIRS).
Functional magnetic resonance imaging (fMRI) stands out as a non-invasive imaging technique that measures changes in blood flow to detect brain activity, enabling researchers and clinicians to map brain regions involved in specific tasks or cognitive functions. It plays a crucial role in understanding brain disorders, such as Alzheimer's disease and schizophrenia, by revealing abnormalities in brain function. Computed Tomography (CT) utilizes X-rays to produce detailed cross-sectional images of the brain, aiding in the diagnosis of conditions like brain tumors, hemorrhages, and fractures. Positron Emission Tomography (PET) involves injecting a radioactive tracer into the bloodstream to visualize metabolic activity in the brain, offering valuable insights into conditions such as cancer, epilepsy, and Alzheimer's disease. Electroencephalography (EEG) records electrical activity generated by the brain's neurons, providing real-time monitoring of brain function and aiding in the diagnosis of epilepsy, sleep disorders, and brain injuries. Magnetoencephalography (MEG) measures the magnetic fields generated by neural activity, offering high temporal and spatial resolution for mapping brain function and identifying abnormal patterns in conditions like epilepsy and neurodegenerative diseases.
Near infrared spectroscopy (NIRS) utilizes near-infrared light to measure changes in blood oxygenation and blood volume in the brain, providing valuable information about brain metabolism and oxygenation levels, particularly in neonatal care and functional brain mapping studies. Each imaging modality offers unique advantages and applications in neuroscience and clinical practice, contributing to a comprehensive understanding of brain structure, function, and pathology. The segmentation by imaging type reflects the diverse range of techniques available to researchers, clinicians, and healthcare providers, enabling them to tailor diagnostic and therapeutic strategies to individual patient needs. By leveraging these advanced imaging technologies, stakeholders in the Brain Imaging and Neuroimaging Market can drive innovation, improve diagnostic accuracy, and enhance patient outcomes across various neurological conditions and disorders.
Global Brain Imaging And Neuroimaging Market, Segmentation by End User
The Global Brain Imaging And Neuroimaging Market has been segmented by End User into Hospitals, Ambulatory Surgical Centers, Clinics & Diagnostic Centers.
Hospitals stand as the cornerstone of neuroimaging services, serving as comprehensive centers equipped with advanced imaging modalities and specialized neurology departments. With a wide range of diagnostic capabilities, hospitals offer a holistic approach to neurological care, catering to patients with diverse conditions ranging from stroke and traumatic brain injury to neurodegenerative diseases like Alzheimer's and Parkinson's. Advanced imaging techniques such as functional magnetic resonance imaging (fMRI) and positron emission tomography (PET) are routinely employed in hospitals to provide detailed insights into brain structure and function. Moreover, hospitals play a vital role in acute care settings, facilitating timely diagnosis and intervention for neurological emergencies such as stroke, where rapid imaging can guide treatment decisions and improve patient outcomes. Ambulatory Surgical Centers (ASCs) offer specialized neuroimaging services in an outpatient setting, providing convenient access to diagnostic evaluations and minimally invasive procedures. These centers are well-suited for patients requiring neuroimaging studies as part of preoperative planning or follow-up care post-procedure. With state-of-the-art imaging equipment and specialized expertise, ASCs contribute to the efficient delivery of neurodiagnostic services, ensuring timely assessments and interventions while minimizing patient inconvenience. Additionally, ASCs play a crucial role in reducing the burden on hospital resources by offering specialized neuroimaging services in a more cost-effective and streamlined manner.
Clinics & Diagnostic Centers serve as essential hubs for community-based healthcare delivery, offering neuroimaging services to patients in local neighborhoods and rural areas. These facilities provide a range of diagnostic procedures, including computed tomography (CT) scans, magnetic resonance imaging (MRI), and electroencephalography (EEG), enabling early detection and management of neurological disorders. Clinics & Diagnostic Centers play a pivotal role in promoting preventive care and disease management by offering accessible and affordable neuroimaging services to patients of all ages. Moreover, these facilities often collaborate with hospitals and specialty clinics to ensure seamless continuity of care for patients requiring further evaluation or treatment.
Global Brain Imaging And Neuroimaging Market, Segmentation by Geography
In this report, the Global Brain Imaging And Neuroimaging Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Brain Imaging And Neuroimaging Market Share (%), by Geographical Region, 2024
North America led the Brain Imaging and Neuroimaging Market in 2022, maintaining its dominance throughout the forecast period. The region's robust healthcare infrastructure ensures widespread access to advanced imaging facilities, facilitating efficient data collection and utilization by academics and healthcare professionals. Governments across North America provide substantial subsidies and support for advancements in brain imaging technology, fostering collaboration between industry, academia, and healthcare providers. Regulatory agencies like Health Canada and the U.S. Food and Drug Administration (FDA) ensure the safety and efficacy of medical devices used for brain imaging, promoting confidence in the market. In December 2022, the Ontario government invested over $20 million to introduce 27 innovative magnetic resonance imaging (MRI) devices in hospitals across the province. This investment aims to expand MRI services, particularly in small and remote hospitals, meeting the growing demand for imaging services driven by population growth.
Western Europe is poised to witness significant growth in the Brain Imaging and Neuroimaging Market during the forecast period. The region has made substantial investments in neuroscience research and development, attracting both governmental and private financing. Collaboration between businesses and academic institutions has led to the development of cutting-edge brain imaging methods and technologies. Healthy competition and cooperation among numerous companies and research institutions in Western Europe foster a dynamic environment conducive to growth and innovation. Additionally, the rising prevalence of neurological disorders such as Alzheimer's, Parkinson's, and multiple sclerosis has spurred demand for advanced brain imaging tools for early detection, accurate diagnosis, and ongoing monitoring of these conditions.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Brain Imaging And Neuroimaging Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Growing prevalence of neurological disorders
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Increasing traumatic brain injuries cases- The importance of early detection and diagnosis has grown as people's understanding of traumatic brain injuries (TBI) has grown. Computed tomography (CT) and magnetic resonance imaging (MRI) are the two most essential computational brain imaging techniques for diagnosing TBIs and determining their severity. These imaging technologies allow medical personnel to rapidly and painlessly see the structure of the brain and spot any anomalies or injuries, enabling quick medical intervention. The increase in TBI cases has spurred a greater demand for study into brain injuries' underlying causes and effects. Because of neuroimaging studies, researchers can learn more about the changes in the brain after a TBI, including changes to brain structure and function. This information is essential for creating specialized interventions and treatments promoting healing and rehabilitation.
Brain imaging research has received much attention and funding due to the surge in TBI incidence, particularly among military people and athletes engaged in high-impact sports. Since these individuals are more likely to sustain TBIs, there is a greater emphasis on comprehending and lessening the impact of brain injuries. Neuroimaging is crucial for keeping track of TBI patients as they recover. Medical practitioners can monitor changes in the brain's healing process, spot potential issues, and modify the treatment plan as necessary with the help of routine brain scans. The growing need for better TBI diagnosis and therapy has sparked brain imaging technology research and development. As a result, brain imaging techniques have significantly advanced over time, gaining resolution, scanning speed, and sensitivity.
Restraints:
- Ethical Considerations
- High cost of neuroimaging technologies
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Limited Accessibility- One of the primary restraints faced by the Global Brain Imaging and Neuroimaging Market is the unequal distribution of advanced imaging facilities and technologies across different regions and communities worldwide. In many low- and middle-income countries, there is a significant scarcity of healthcare infrastructure, including diagnostic imaging facilities, which limits access to brain imaging services for a large segment of the population. Additionally, even in regions with relatively better healthcare infrastructure, disparities in access may exist due to factors such as geographic remoteness, socioeconomic status, or lack of specialized expertise. Limited accessibility can hinder the widespread adoption of brain imaging and neuroimaging technologies, as patients may face barriers in accessing diagnostic services and treatments. This can lead to delays in diagnosis, inadequate management of neurological conditions, and disparities in healthcare outcomes. Moreover, the high cost associated with acquiring and maintaining advanced imaging equipment and the need for skilled healthcare professionals to operate these technologies further exacerbate the issue of limited accessibility. Furthermore, the challenge of limited accessibility extends beyond physical infrastructure to include factors such as cultural beliefs, stigma associated with mental health conditions, and lack of awareness about the importance of early detection and treatment of neurological disorders. These socio-cultural barriers can deter individuals from seeking brain imaging services even when they are available, leading to underutilization of existing resources and missed opportunities for early intervention and treatment.
Addressing the issue of limited accessibility in the Global Brain Imaging and Neuroimaging Market requires concerted efforts from governments, healthcare organizations, technology providers, and advocacy groups. Strategies to improve accessibility may include investing in healthcare infrastructure and workforce development, implementing telemedicine and mobile health initiatives to reach underserved populations, reducing the cost of imaging technologies through innovation and public-private partnerships, and raising awareness about the importance of brain health and early detection of neurological conditions. By addressing these challenges, stakeholders can work towards ensuring equitable access to brain imaging and neuroimaging services for all individuals, regardless of their geographic location or socioeconomic status.
Opportunities:
- Patient-Centric Approaches
- Telemedicine and Remote Imaging Services
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Development of different imaging approaches- As technology advances, researchers and healthcare professionals are constantly exploring new imaging techniques and modalities to enhance the understanding and diagnosis of neurological conditions. These innovative approaches offer several advantages, including improved resolution, enhanced specificity, and the ability to capture dynamic brain activity in real-time. One of the key opportunities lies in the development of advanced imaging modalities such as functional magnetic resonance imaging (fMRI), positron emission tomography (PET), and magnetoencephalography (MEG). These techniques provide valuable insights into brain function and connectivity, allowing researchers to study various neurological processes and disorders with greater precision
For example, fMRI enables the visualization of changes in blood flow and oxygenation levels in response to specific tasks or stimuli, offering insights into brain activity patterns associated with different cognitive functions. Additionally, the emergence of novel imaging technologies, such as near-infrared spectroscopy (NIRS) and advanced computational methods, presents opportunities for non-invasive and cost-effective brain imaging. NIRS, for instance, allows for the measurement of changes in cerebral blood flow and oxygenation by emitting near-infrared light into the scalp, making it suitable for applications in both clinical and research settings. Furthermore, advancements in computational modeling and artificial intelligence (AI) algorithms enable the analysis of large-scale neuroimaging data, facilitating the identification of biomarkers and patterns indicative of neurological disorders. Moreover, the development of portable and wearable imaging devices offers opportunities for remote monitoring and point-of-care diagnostics. These devices allow for real-time brain imaging outside traditional clinical settings, enabling early detection and intervention in neurological conditions. For example, portable EEG devices can be used for continuous monitoring of brain activity in patients with epilepsy or other seizure disorders, facilitating timely intervention and personalized treatment strategies.
Competitive Landscape Analysis
Key players in Global Brain Imaging And Neuroimaging Market include:
- GE
- Siemens
- Canon
- Hitachi Medical Systems
- Medtronic PLC
- EB Neuro S.p.A
- Neurosoft
- MinFound Medical Systems Co. Ltd
- Elekta
- Varian medical Systems
- General Electric Company
- Philips Healthcare
- Toshiba Medical Systems
- Sanrad medical Systems Pvt. Ltd
- Esaote SpA
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Imaging Type
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Brain Imaging And Neuroimaging Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Growing prevalence of neurological disorders
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Increasing traumatic brain injuries cases
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- Restraints
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Ethical Considerations
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High cost of neuroimaging technologies
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Limited Accessibility
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- Opportunities
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Patient-Centric Approaches
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Telemedicine and Remote Imaging Services
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Development of different imaging approaches
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Brain Imaging And Neuroimaging Market, By Imaging Type, 2021 - 2031 (USD Million)
- Functional magnetic resonance imaging (fMRI)
- Computed Tomography (CT)
- Positron Emission Tomography (PET)
- Electroencephalography (EEG)
- Magnetoencephalography (MEG)
- Near-infrared spectroscopy (NIRS)
- Global Brain Imaging And Neuroimaging Market, By End User, 2021 - 2031 (USD Million)
- Hospitals
- Ambulatory Surgical Centers
- Clinics & Diagnostic Centers
- Global Brain Imaging And Neuroimaging Market, By Geography, 2021 - 2031 (USD Million)
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North America
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United States
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Canada
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Europe
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Germany
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United Kingdom
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France
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Italy
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Spain
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Nordic
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Benelux
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Rest of Europe
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Asia Pacific
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Japan
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China
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India
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Australia & New Zealand
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South Korea
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ASEAN (Association of South East Asian Countries)
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Rest of Asia Pacific
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Middle East & Africa
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GCC
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Israel
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South Africa
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Rest of Middle East & Africa
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Latin America
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Brazil
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Mexico
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Argentina
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Rest of Latin America
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- Global Brain Imaging And Neuroimaging Market, By Imaging Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
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GE
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Siemens
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Canon
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Hitachi Medical Systems
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Medtronic PLC
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EB Neuro S.p.A
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Neurosoft
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MinFound Medical Systems Co. Ltd
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Elekta
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Varian medical Systems
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General Electric Company
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Philips Healthcare
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Toshiba Medical Systems
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Sanrad medical Systems Pvt. Ltd
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Esaote SpA
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- Company Profiles
- Analyst Views
- Future Outlook of the Market