Neuroimaging Is Estimated To Witness High Growth Owing To Rise In Prevalence Of Neurological Disorders
Neuroimaging Is Estimated To Witness High Growth Owing To Rise In Prevalence Of Neurological Disorders
The neuroimaging market is estimated to be valued at US$ 37.63 Bn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Neuroimaging encompasses various medical imaging techniques used to visualize the structure and function of the brain and spinal cord. It is conducted using imaging modalities such as computerized tomography (CT), magnetic resonance imaging (MRI), positron emission tomography (PET), and ultrasound. These imaging techniques provide valuable insights into the brain anatomy and physiology, and aid in the diagnosis and treatment of various neurological disorders such as Alzheimer's disease, dementia, epilepsy, and stroke. Growth in geriatric population and rising prevalence of neurological disorders globally are key factors driving the demand for neuroimaging procedures.
Market Dynamics:
One of the major drivers propelling the neuroimaging market growth is the rising prevalence of neurological disorders. According to the World Health Organization (WHO), neurological disorders account for approximately 6.8% of the global disease burden, with an estimated 1 billion people affected worldwide each year. Conditions such as Alzheimer's disease, dementia, stroke, epilepsy, multiple sclerosis, headache disorders, and others are on the rise globally. This has increased the uptake of neuroimaging procedures for diagnosis and monitoring of treatment efficacy. Furthermore, advancements in neuroimaging technologies such as high-field MRI systems, micro-MRI scanners, and hybrid imaging modalities like PET/MRI and PET/CT are enabling superior visualization of brain structures and functions. This is supporting early and accurate diagnosis of neurological conditions. Growing applications of neuroimaging in neuroscience research and developmental studies is another factor fueling the market growth.
Read More - https://makuv.com/neuroimaging-is-fastest-growing-segment-fueling-the-growth-of-neuroimaging-market/
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