Functional Brain Imaging System Market Is Set To Expand Significantly In Terms Of Revenue And CAGR By 2030
What Are The Projected Market Size And CAGR For The Functional Brain Imaging System Market By The Conclusion Of 2030?
The functional brain imaging system market size has grown strongly in recent years. It will grow from $5.08 billion in 2025 to $5.45 billion in 2026 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to limited availability of high-resolution imaging systems, dependence on traditional imaging techniques, rising prevalence of neurological disorders, growing academic research in brain function, early adoption of fMRI technologies.
The functional brain imaging system market size is expected to see strong growth in the next few years. It will grow to $7.17 billion in 2030 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to advancements in portable and wearable fNIRS devices, increasing integration of ai in brain imaging analysis, expansion of hybrid pet/mri and pet/ct systems, rising funding for cognitive neuroscience research, growth in hospital and diagnostic imaging infrastructure. Major trends in the forecast period include rising adoption of functional brain imaging in clinical diagnosis, integration of portable and wearable brain imaging devices, growth in research applications for cognitive science, increasing focus on neurology and psychiatry applications, expansion of hybrid imaging modalities for brain studies.
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What Are The Main Market Drivers Shaping The Progression Of The Functional Brain Imaging System Market?
The increasing prevalence of brain cancer is expected to propel the growth of the functional brain imaging system market going forward. Brain cancer is a disease where abnormal cells in the brain grow uncontrollably, forming a tumor that can interfere with brain function. The prevalence of brain cancer is due to factors such as an aging population, better detection methods, environmental risks, and improved reporting. Functional brain imaging systems enhance the accuracy of diagnosis, guide safer and more effective treatment plans, and provide ongoing monitoring to improve outcomes for brain cancer patients. For instance, in 2023, according to Cancer Australia, a cancer control agency to the Government of Australia, Australia recorded 1,597 deaths due to brain cancer, comprising 956 males and 641 females, by 2025, the number of deaths is projected to rise to 1,639, with 979 males and 660 females affected. Therefore, the increasing prevalence of brain cancer is driving the growth of the functional brain imaging system market.
What Leading Segment Types Are Used To Analyze The Functional Brain Imaging System Market?
The functional brain imaging system market covered in this report is segmented –
1) By Type: Functional Magnetic Resonance Imaging (fMRI) Systems, Functional Near Infrared Spectroscopy (fNIRS) Systems, Positron Emission Tomography (PET) System, Others Types
2) By Application: Hospital, Diagnostic imaging center, Other Applications
3) By End-User: Neurology, Psychiatry, Oncology, Cognitive Science
Subsegments:
1) By Functional Magnetic Resonance Imaging (fMRI) Systems: Research-Grade Functional Magnetic Resonance Imaging (fMRI) Systems, Clinical Functional Magnetic Resonance Imaging (fMRI) Systems, High-Field Functional Magnetic Resonance Imaging (fMRI) Systems, Resting-State Functional Magnetic Resonance Imaging (fMRI) Systems
2) By Functional Near Infrared Spectroscopy (fNIRS) Systems: Portable Functional Near Infrared Spectroscopy (fNIRS) Systems, Multi-Channel Functional Near Infrared Spectroscopy (fNIRS) Systems, Wearable Functional Near Infrared Spectroscopy (fNIRS) Devices, Clinical Functional Near Infrared Spectroscopy (fNIRS) Systems
3) By Positron Emission Tomography (PET) Systems: Whole-Body Positron Emission Tomography (PET) Systems, Dedicated Brain Positron Emission Tomography (PET) Systems
4) By Other Types: Electroencephalography (EEG) Systems, Magnetoencephalography (MEG) Systems, Diffusion Tensor Imaging (DTI) Systems, Transcranial Magnetic Stimulation (TMS) Systems
Which Rising Trends Are Anticipated To Influence The Future Trajectory Of The Functional Brain Imaging System Market?
Major companies operating in the functional brain imaging system market are focusing on developing innovative solutions such as pulse sequence technology to enhance image resolution, improve diagnostic accuracy, and reduce scan times, ultimately leading to more effective and efficient brain imaging procedures. Pulse sequence technology in functional brain imaging systems refers to a series of timed radiofrequency (RF) pulses and magnetic field gradients applied during an MRI scan to control the way the MRI system generates images. For instance, in July 2024, Fujifilm Holdings Corporation, a Japan-based company that produces photographic films, launched Aperto Lucent, an open 0.4-tesla MRI system. The system incorporates RADAR motion compensating pulse sequence technology that reduces the need for rescans and mitigates motion artifacts, which can be particularly challenging in MRI exams. The APERTO Lucent utilizes Fujifilm's renowned permanent magnet technology, simplifying installation and reducing operational costs by minimizing the need for additional equipment to maintain the magnetic field.
Who Are The Core Market Contributors Recognized Within The Functional Brain Imaging System Market Ecosystem?
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
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Which Locations Are Showing Rapid Adoption And Strong Growth Indicators In The Functional Brain Imaging System Market?
North America was the largest region in the functional brain imaging system market in 2025. The regions covered in the functional brain imaging system market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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