Market Drivers

The growing geriatric population globally is the major driver for the neuroimaging market. Age is the most significant risk factor for various neurological disorders. According to the WHO, the number of people aged 65 years and older is projected to grow from an estimated 524 million in 2010 to nearly 1.5 billion in 2050. Moreover, lifestyle changes, environmental pollutants, and increasing life expectancy have contributed to a rise in neurological disorders globally. advanced neuroimaging plays a vital role in disease diagnosis and treatment monitoring.

Impact of geopolitical situation on Neuroimaging Market growth

The current geopolitical tensions and conflicts across various regions are negatively impacting the growth of the global Neuroimaging Market Growth. Restrictions in movement and trade due to political disturbances limit the supply of essential neuroimaging devices, software and reagents. It also hampers knowledge-sharing activities between research centers and professionals across borders. Additionally, funding for neuroscience research sees a decline during times of political uncertainty. To ensure steady growth in such scenarios, companies must focus on diversifying their manufacturing and supply chains within and across regions. They also need to invest in developing portable and affordable neuroimaging solutions that can effectively function even in resource-constrained environments. Adopting virtual platforms and digital tools to continue multinational collaborations will help sustain research productivity despite geopolitical challenges.

Geographical regions with high Neuroimaging Market value

North America accounts for the largest share of the global neuroimaging market in terms of value. This is majorly attributed to the availability of advanced healthcare infrastructure and sophisticated neurodiagnostic centers in the region. Significant neuroscience research funding from both public and private entities also supports the wide adoption of high-end neuroimaging technologies. Europe holds the second position supported by favorable government policies that encourage innovation and widespread health insurance coverage. The Asia Pacific region is anticipated to emerge as the fastest growing market during the forecast period. This growth can be credited to rising healthcare expenditures, increasing awareness about neurological disorders and expanding research base in countries like China and India.

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