Cerca Magnetics NV-diamond sensing

Largest commercial OPM (optically-pumped magnetometer) sensor company — the dominant supplier in next-generation MEG brain imaging.

— Ledger Desk · analyst thesis

Bull case

▲ upside

Sensors deployed at Cleveland Clinic, NIH, NHS hospitals, University of Nottingham. The MEG market is the most-mature quantum sensing vertical — every major brain-imaging center is migrating from SQUID to OPM. Direct healthcare reimbursement pathway. UK-anchored but global distribution.

Bear case

▼ downside

Healthcare procurement cycles are slow. Competing OPM vendors (FieldLine, QuSpin) split the market. Pure sensor play, not a compute platform.

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