Press release

Increasing Technological Advancements In Meg Systems Is Expected To Drive Growth Of The Magnetoencephalography Devices Market

Increasing Technological Advancements In Meg Systems Is Expected To Drive Growth Of The Magnetoencephalography Devices Market

 

 
Magnetoencephalography (MEG) is one of the medical neuroimaging techniques which tracks the brain activity by measuring the magnetic field produced by neurons in the brain. It is a non-invasive technique which is safe, radiation-free, and also can be used for the pediatric population MEG device consists of numerous and highly sensitive magnetometers called Superconducting Quantum Interface Device (SQUID). MEG tests can be used for diagnosing diseases such as Alzheimer’s disease, epilepsy, and brain tumors.

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It also offers real-time resolution as it is capable of providing results in milliseconds and identifies the primary location of brain activation. A MEG device captures brain activity by detecting and amplifying magnetic signals produced by the brain, and it does not emit radiation or create magnetic fields in the surrounding

Market Dynamics

Increasing awareness and diagnosis of mental illness or brain injury is expected to boost growth of the global magnetoencephalography market over the forecast period. According to the National Institute of Mental Health (NIMH), in 2016, around 44.7 million people of 18 years of age and above in the U.S. suffered from mental health disorders, and around 19.2 million people were diagnosed and received treatment.

However, factors such as low availability of MEG devices is expected to hinder growth of the magnetoencephalography devices market over the forecast period. For instance, in 2015, the European MEG Society (EMEGS) surveyed 44 MEG centers in 10 different countries, of which only 12 centers were using MEG for clinical purpose. Furthermore, high cost and maintenance cost of MEG device is a barrier for adoption of MEG, as single MEG device costs around US$ 2 million to US$ 3 million.

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Major Key Players Are: Compumedics Limited, Croton Healthcare, Ricoh Company, Ltd., and CTF MEG International Services LP

Table of Content

Global Magnetoencephalography Market Research Report

Section 1: Global Magnetoencephalography Industry Overview
Section 2: Global Economic Impact on Magnetoencephalography Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Magnetoencephalography Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Magnetoencephalography Market Forecast

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Coherent Market Insights
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About Coherent Market Insights

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.


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