Magnetoencephalography
(MEG) is one of the medical neuroimaging technology tracks the brain
activity by measuring magnetic field produced by neurons in the
brain. It is a non-invasive technique, which is safe, radiation-free,
and child-friendly. MEG device consists of numerous and very
sensitive magnetometers called as Superconducting Quantum Interface
Device (SQUID). MEG test can be used for diseases such as Alzheimer’s
disease, Epilepsy, and brain tumor.
It
also offers real-time resolution as it is capable of providing
results in milliseconds and can identify the primary location of
brain activation. A MEG device captures brain activity by detecting
and amplifying magnetic signals produced by the brain and does not
emit radiation or induce magnetic fields.
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Global
Magnetoencephalography Market Drivers -
Increasing
awareness and diagnosis of mental illness or brain injury is expected
to boost growth of the global magnetoencephalography market during
the forecast period. According to National Institute of Mental Health
(NIMH), in 2016, around 44.7 million people18 years of age or above
in the U.S. suffered from mental illness and around 19.2 million
people received treatment with right diagnosis.
Furthermore,
research and development activities of new technologies in
magnetoencephalography is expected to boost the market growth. For
instance, in March 2018, researchers at the Sir Peter Mansfield
Imaging Center, University of Nottingham and the Wellcome Centre for
Human Neuroimaging, University College London developed a
new-generation, light-weighted MEG brain scanner, which can be worn
like a helmet to allow patients to move naturally whilst being
scanned.
Global
Magnetoencephalography Market Regional Analysis -
North
America holds dominant position in the global magnetoencephalography
market, owing to presence of key market players in the U.S. such as
Advanced Brain Monitoring Inc., Cadwell Laboratories Inc., CAS
Medical Systems, DePuy Synthes Companies, Electrical Geodesics, Inc.,
and HeadSense Medical, Inc. Europe accounts for the second largest
market share, owing to increasing technological advancements in MEG.
For instance, in November 2017, Leti, a France-based technology
research institute, developed a next-generation MEG scanning system
named as wearable brain scanner or MEG helmet for improved diagnosis
of epilepsy and brain tumor.
Asia
Pacific is the fastest growing region in the global
magnetoencephalography market due to increasing cases of mental
illnesses demanding diagnosis and treatment. According to the World
Health Organization’s (WHO) report, in 2016, China, India,
Indonesia, Bangladesh, and Pakistan recorded the highest incidences
of anxiety and depression.
Global
Magnetoencephalography Market Key Players -
Key
players operating in the global magnetoencephalography market
include, Advanced Brain Monitoring Inc., BASF, Cadwell Laboratories
Inc., CAS Medical Systems, Compumedics, Ltd., Compumedics Germany
GmbH, DePuy Synthes Companies, Dow, Elekta AB, Electrical Geodesics,
Inc., Formosa, HeadSense Medical Inc., MEGlobal, Reliance, SABIC,
Sinopec, Shell, Medtronic, Natus Medical, Nihon Kohden, Philips
Healthcare, GE Healthcare, Siemens Healthcare, and SIBUR.
Global
Magnetoencephalography Market Taxonomy:
The
global magnetoencephalography market is segmented on the basis of
application, end user, and region.
By
Application:
•
Clinical
-
Alzheimer’s disease
-
Autism
-
Brain tumor
-
Epilepsy
-
Schizophrenia
-
Multiple sclerosis
-
Parkinson’s disease
-
Stroke
-
Traumatic brain injury
-
Others
•
Research
By
End User:
•
Hospitals
•
Imaging Centers
•
Academic & Research Institutes
By
Region:
•
North America
•
Latin America
•
Europe
•
Asia Pacific
•
Middle East
•
Africa
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