A non-invasive technique that helps to track and monitor human brain activity is termed as Magnetoencephalography (MEG). MEG provides timing as well as spatial information about the brain activity. The rising incidence of brain disorders among the adolescent and aged population in the Asia-Pacific region are considered as the main driving factor influencing the growth of the Asian magnetoencephalograph market. This can be attributed to the high percentage of adolescent and youth population in countries such as India, and aged population in countries such as Japan. MEG systems are being widely used in Asia for brain disorders such as autism, substance abuse, and depression.
The Asian market accounted for a 14.59% share of the global magnetoencephalograph market in 2013, and is projected to grow at a CAGR of 7.8% from 2013 to 2018. The Asian MEG market is expected to be the fastest-growing market segment. Japan and China are the main contributors of the Asian market, having accounted for market shares of 40.1% and 35.2%, respectively. In the Asian region, MEG systems are mainly utilized for brain research studies and autistic disorders. The brain research studies segment is the most important application segment, having accounted for a 55.0% share in 2013. National Institute of Mental Health & Neuroscience (India), National Center for Neurology and Psychiatry (NCNP) (Japan), and Seoul National University Hospital, MEG Center (South Korea) are some of the main institutions to have adopted MEG systems for brain-related research and diagnostic activities.
Major companies in the field of MEG systems are entering into merger, acquisition, and partnership agreements with Asian companies in lieu of expanding their presence and customer base across the globe. These agreements have resulted in increased investments, better infrastructure & technology, and production in this region. Thus, these factors are expected to drive the growth of the Asian magnetoencephalograph market in the future. Some of these major companies include Elekta (Sweden) and Yokogawa Electric Corporation (Japan) among others.
The Asian magnetoencephalograph market report provides a detailed analysis of market share and market metrics including drivers, restraints, and upcoming opportunities. The report also highlights company profiles of key players in this market, in addition to their product portfolio, current market trends, growth strategies, and recent developments. The Asian market has been segmented in terms of end-user, application, and geography. On the basis of end-users, the market has been segmented into home care providers and hospitals. The main applications of MEG systems include autistic disorders and brain research studies.
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Upcoming |