Functional Brain Imaging System Market Report 2025

This functional brain imaging system market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The functional brain imaging system market size has grown strongly in recent years. It will grow from $4.72 billion in 2024 to $5.08 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increasing incidences of life-threatening diseases, increase in the prevalence of neurological disorders, increase in traumatic brain injuries, rising incidences of brain cancer, and rising demand for non-invasive and minimally invasive devices.

The functional brain imaging system market size is expected to see strong growth in the next few years. It will grow to $6.71 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to the increasing number of road accidents, the rising importance of brain imaging, rising dementia cases, increasing awareness of neurodegenerative diseases, increasing the aging population, and rising healthcare investments. Major trends in the forecast period include the integration of multi-modal imaging, the development of portable electroencephalogram (EEG) devices, advanced electrode designs, transcranial electrical stimulation (TES), and the integration of artificial intelligence (AI).

The rising incidence of brain cancer is anticipated to drive the growth of the functional brain imaging system market in the future. Brain cancer occurs when abnormal cells in the brain proliferate uncontrollably, resulting in tumors that can disrupt normal brain function. Factors contributing to the increasing prevalence of brain cancer include an aging population, advancements in detection techniques, environmental hazards, and enhanced reporting. Functional brain imaging systems improve diagnostic accuracy, inform safer and more effective treatment plans, and facilitate ongoing monitoring to enhance outcomes for patients with brain cancer. For example, Cancer Australia, a cancer control agency under the Government of Australia, reported that in 2021, there were 1,552 deaths from brain cancer in the country (945 males and 607 females), with projections indicating an increase to 1,579 deaths in 2023 (969 males and 610 females). Consequently, the growing incidence of brain cancer is a key factor propelling the expansion of the functional brain imaging system market.

Major players in the functional brain imaging system market are concentrating on developing innovative solutions, such as pulse sequence technology, to enhance image resolution, boost diagnostic accuracy, and shorten scan times, resulting in more effective and efficient brain imaging procedures. Pulse sequence technology involves a series of timed radiofrequency (RF) pulses and magnetic field gradients used during an MRI scan to control how the MRI system produces images. For example, in July 2024, Fujifilm Holdings Corporation, a Japanese company known for producing photographic films, introduced the Aperto Lucent, an open 0.4-tesla MRI system. This system features RADAR motion-compensating pulse sequence technology, which minimizes the need for rescans and reduces motion artifacts, which can be particularly challenging during MRI exams. The Aperto Lucent also employs Fujifilm's well-regarded permanent magnet technology, facilitating easier installation and lowering operational costs by reducing the need for additional equipment to maintain the magnetic field.

In November 2022, Bruker Corporation, a US-based provider of high-performance scientific instruments and solutions, acquired Inscopix Inc. for an undisclosed sum. This acquisition is part of Bruker's strategy to advance scientific research, enhance industrial processes, and improve healthcare outcomes by developing and offering advanced scientific instruments and solutions. Inscopix Inc., also based in the US, specializes in functional brain imaging systems.

Major companies operating in the functional brain imaging system market are Siemens Healthineers AG, General Electric HealthCare Technologies Inc., NordicNeuroLab AS, Koninklijke Philips N.V., Shimadzu Corporation, Toshiba International Corporation, Elekta AB, Canon Medical Systems Corporation, Cortech Solutions Inc., Compumedics Ltd., Brain Products GmbH, Aspect Imaging Ltd., ANT Neuro GmbH, BIOPAC Systems Inc., Neuroelectrics Corporation, Twente Medical Systems International(TMSI) B.V., Advanced Brain Monitoring Inc., Gowerlabs Ltd., Artinis Medical Systems B.V., NIRx Medical Technologies LLC.

North America was the largest region in the functional brain imaging system market in 2024. The regions covered in the functional brain imaging system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the functional brain imaging system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A functional brain imaging system is a collection of technologies and methods used to visualize and measure brain activity by tracking changes in blood flow, oxygenation, or metabolic processes in response to neural activation. These systems are essential in both research and clinical settings for studying brain function, understanding the neural mechanisms behind cognitive tasks, and diagnosing neurological or psychiatric conditions.

The main types of functional brain imaging systems include functional magnetic resonance imaging (fMRI) systems, functional near-infrared spectroscopy (fNIRS) systems, positron emission tomography (PET) systems, and other technologies. Functional magnetic resonance imaging (fMRI) systems use powerful magnets and radio waves to detect changes in blood flow associated with brain activity. These systems are employed in various settings, such as hospitals and diagnostic imaging centers, and are utilized by professionals in fields including neurology, psychiatry, oncology, and cognitive science.

The functional brain imaging system market research report is one of a series of new reports that provides functional brain imaging system market statistics, including functional brain imaging system industry global market size, regional shares, competitors with a functional brain imaging system market share, detailed functional brain imaging system market segments, market trends, and opportunities, and any further data you may need to thrive in the functional brain imaging system industry. This functional brain imaging system research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The functional brain imaging system market consists of revenues earned by entities by providing services such as diagnostic services, research services, monitoring services, customized functional mapping, consulting services, training and education, and telemedicine services. The functional brain imaging system market also includes sales of magnetic resonance imaging (MRI) machines, transcranial magnetic stimulation (TMS) devices, contrast agents, software for image analysis, and head coils and caps. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.