Press Release

Global fNIRS Brain Imaging System Market is Expected to Reach 240 million USD by 2025

Date : Aug 20, 2018

Functional Near-infrared Spectroscopy (fNIRS) is a device designed to detect changes in the concentration of oxygenated (oxyHb) and deoxygenated (deoxyHb) haemoglobin molecules in the blood, a method commonly used to assess cerebral activity. fNIRS is a type of functional neuroimaging technology that offers a relatively non-invasive, safe, portable, and low-cost method of indirect and direct monitoring of brain activity.

The fNIRS Brain Imaging System industry was 108 million USD in 2017 and is projected to reach USD 240 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 10.52% between 2017 and 2025. The fNIRS Brain Imaging System industry sales was 350 Units in 2017 and is projected to reach 890 Units by 2025, at a CAGR (Compounded Annual Growth Rate) of 12.33% between 2017 and 2025. The market is driven by various end-user industries, such as university, hospital, research institution and so on.

The industry is concentration, the key brand include Hitachi, Shimadzu Corporation, NIRx, ISS, Biopac, Techen, Artinis, Gowerlabs, Spectratech. Hitachi and Shimadzu Corporation are the leaders in this market.

An fNIR System provides researchers with real-time monitoring of tissue oxygenation in the brain as subjects take tests, perform tasks, view advertisements, experience ergonomic layouts, or receive stimulation. It allows researchers to quantitatively assess brain functions—such as attention, memory, planning, and problem solving—while individuals perform cognitive tasks. Monitor cognitive state of the subject in natural environments.

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.

The Global fNIRS Brain Imaging System Market Research Report 2018 report released by Global QYResearch provides a basic overview of the fNIRS Brain Imaging System industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the fNIRS Brain Imaging System industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

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