Magnetoencephalography (MEG) is a non-invasive technique that helps to identify, track, and measure human brain activity, with high precision (millisecond-by-millisecond) and high resolution. This helps in the diagnosis and treatment of various brain disorders. The aging population of North America, Europe, & Japan, and the changing lifestyles in Asia are some of the main reasons for the significant increase in the overall demand for magnetoencephalograph systems in the world.
The global MEG market is one of the most important segments of the overall brain monitoring devices market, with a share of 20.9% in 2013. It is projected to grow at a CAGR of 7.2% from 2013 to 2018. North America is the largest contributor to the global MEG market, after recording a market share of 52.27% in 2013. The Asian market segment is expected to be the fastest-growing segment for MEG systems, projected to grow at a CAGR of 7.8%, during the forecast period. Some of the most important application segments of the magnetoencephalograph market include brain research studies and autistic disorders, wherein the brain research studies segment solely holds a majority of 55.0% in 2013.
In North America, the aging population and the increasing compliance and acceptance of patients are the main reasons for progress of MEG market. In Europe, the aging population, patent cliffs, and the increasing investments in research & development for brain monitoring devices are the major drivers for the growth of the MEG market. In Asia, the rising incidences of brain/mental disorders among the adolescent and aged populations is driving the demand for effective brain monitoring devices, thereby resulting in a significant growth of the Asian MEG market. Hence, the aforementioned factors are the main drivers for the growth of the global magnetoencephalograph market. Some of the main companies contributing to the growth of the global MEG market are Elekta (Sweden) and Yokogawa Electric Corporation (Japan) among others.
The global magnetoencephalograph market has been segmented on the basis of application, end-user, and geography. End-users of this market include home care providers and hospitals. As per application, the market has been segmented into autistic disorders and brain research studies. North America, Europe, Asia, and Rest of the World (RoW) are the main regions that have been considered for this extensive market analysis. The market report offers details of the competitive scenario and profiles of the key companies in the global magnetoencephalograph market.
1.1 Analyst Insights
1.2 Market Definitions
1.3 Market Segmentation & Aspects Covered
1.4 Research Methodology
2 Executive Summary
3 Market Overview
4 By Applications
4.1 Brain research studies
4.2 Autistic Disorders
5 By Endusers
5.2 Home care Providers
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Brain research studies
Brain research studies and Autistic Disorders adds up to total
Autistic Disorders and Brain research studies adds up to total
North American Magnetoencephalograph (MEG)
The rising number of the aging population in the region, along with the growing demand for non-invasive brain monitoring devices, are the major factors driving the growth of the North American magnetoencephalography market. The North American market is projected to grow at a CAGR of 7% from 2013 to 2018. The market report provides details of the market value forecasts, segmentation, drivers & restraints, and competitive landscape among others. The U.S., Canada, and Mexico are the main countries considered for the market analysis.
European Magnetoencephalograph (MEG)
The increasing number of aging population in the European region, and the rising awareness among healthcare consumers regarding the benefits of the non-invasive magnetoencephalography methods are among the main drivers of the European magnetoencephalograph market. The market report provides valuable insights into the market value forecasts, segmentation, and competitive landscape. Germany, France, and the U.K., are the main countries considered for this extensive market analysis.
Asian Magnetoencephalograph (MEG)
Growing investments made by governmental bodies and company partnerships & collaborations, along with the rising incidence of brain disorders among the young as well as aged population of the Asian countries, are considered as factors influencing the market demand of magnetoencephalograph. The market report offers a comprehensive overview of the market segmentation, market forecast, competitive scenario, and opportunities for new market entrants. Japan, China, and India are the major countries that have been considered for this extensive market analysis.