Neuroscience Market Growth Report 2021 to 2031
The Neuroscience Market is expected to register a CAGR of 4.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Component (Instrument, Software and Services), End User (Hospitals, Diagnostics Laboratories, Research Institutes and Academic Institutes). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Neuroscience Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Neuroscience Market Segmentation
Component- Instrument
- Software and Services
- Hospitals
- Diagnostics Laboratories
- Research Institutes and Academic Institutes
Strategic Insights
Neuroscience Market Growth Drivers- Increasing Prevalence of Neurological Disorders: There has been a significant increase in the occurrence of neurological disorders like Alzheimer’s, Parkinson’s, and multiple sclerosis. This increase is causing the need for more efficient diagnostic measures and treatment methods, which is affecting the growth rate of the market.
- Rising Awareness and Education: There have been increased opportunities for growth owing to the growing recognition of neurology as a specialty and advocating for mental health. This is also complemented by campaigns aimed at encouraging positive awareness of these illnesses among providers as well as the general population.
- Advancements in Neuroimaging and Genetic Research: The development of neuroimaging techniques and genetic modalities is providing insight into the workings of the brain and the entire nervous system. It is these innovations that assist in creating new therapeutic and diagnostic approaches, hence increasing the scope of the market.
- Increased Investment in Research: Both the public and private sectors have markedly increased investment in neuroscience research in recent years, and this investment is very significant in the creation of new therapies and technologies necessary for tackling the problem of neurological disorders.
- Expansion of Therapeutic Options: The market is experiencing an increase in the types of therapies available and the types of formulations whereby not only new drug formulations are included but also non-drug interventions. This is aimed at improving the management of different kinds of neurological disorders.
- Emerging Technologies: There are many opportunities to apply artificial intelligence (AI) and machine learning (ML) within the field of neuroscience. These technologies can optimize data processing, improve diagnostics, and allow for customized treatment plans. Hence, the technological and pharmaceutical companies interested in neuroscience will help create the needed solutions.
- Telemedicine and Digital Health Solutions: The increasing utilization of telemedicine has created new pathways for the provision of neurological services. There is also a growth in the need for digital health solutions that include remote patient monitoring systems, video consultations, and patient management systems, thus creating a need for fresh thinking in the way services are delivered.
- Collaborative Research Initiatives: Interactions involving academia, industry, and healthcare should create opportunities for innovative Neuroscience development. Research collaboration, for example, can shorten the time taken to understand and even come up with possible cures for various neurological disorders – hence leading to a case where funding and other resources have to be pooled together.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Neuroscience Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Neuroscience Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Siemens AG, General Electric Company, Mediso Ltd accounting for higesh market shares and are some of the major players operating in the market
The Instrumen segment accounts for highest revenue in product the NeuroscienceMarket in 2023
Asia Pacific region dominated the Neuroscience Market in 2023
North America region dominated the Neuroscience Market in 2023
The Neuroscience Market is estimated to witness a CAGR of 4.7% from 2023 to 2031
The major factors driving the Neuroscience Market are:
1.Increasing Prevalence of Neurological Disorders
2.Rising Awareness and Education
3. Advancements in Neuroimaging and Genetic Research
Table of Contents
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Neuroscience Market- By Component
1.3.2. Neuroscience Market- By End User
1.3.3. Neuroscience Market- By Region
1.3.3.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NEUROSCIENCE MARKET LANDSCAPE
4.1. MARKET OVERVIEW
4.2. PEST ANALYSIS
4.2.1. North America - PEST Analysis
4.2.2. Europe - PEST Analysis
4.2.3. Asia Pacific - PEST Analysis
4.2.4. Middle East & Africa - PEST Analysis
4.2.5. South and Central America - PEST Analysis
5. NEUROSCIENCE MARKET- KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. NEUROSCIENCE MARKET- GLOBAL ANALYSIS
6.1. NEUROSCIENCE MARKET - GLOBAL MARKET OVERVIEW
6.2. NEUROSCIENCE MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. NEUROSCIENCE MARKET REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. INSTRUMENT MARKET
7.3.1. Overview
7.3.2. Instrument Market Forecast and Analysis (US$ Mn)
7.3.3. MRI Imaging Systems Market
7.3.3.1. Overview
7.3.3.2. MRI Imaging Systems Market Forecast and Analysis (US$ Mn)
7.3.4. Neuro-Microscopy Market
7.3.4.1. Overview
7.3.4.2. Neuro-Microscopy Market Forecast and Analysis (US$ Mn)
7.4. SOFTWARE MARKET
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis (US$ Mn)
7.5. SERVICES MARKET
7.5.1. Overview
7.5.2. Services Market Forecast and Analysis (US$ Mn)
8. NEUROSCIENCE MARKET REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS MARKET
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis (US$ Mn)
8.4. DIAGNOSTICS LABORATORIES MARKET
8.4.1. Overview
8.4.2. Diagnostics Laboratories Market Forecast and Analysis (US$ Mn)
8.5. RESEARCH INSTITUTES MARKET
8.5.1. Overview
8.5.2. Research Institutes Market Forecast and Analysis (US$ Mn)
8.6. ACADEMIC INSTITUTES MARKET
8.6.1. Overview
8.6.2. Academic Institutes Market Forecast and Analysis (US$ Mn)
9. NEUROSCIENCE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA NEUROSCIENCE MARKET
9.1.1. North America Neuroscience Market Forecasts and Analysis (US$ Mn)
9.1.2. North America Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.1.2.1. North America Instrument Market Forecasts and Analysis - By Type (US$ Mn)
9.1.3. North America Neuroscience Market Forecasts and Analysis - By End User (US$ Mn)
9.1.4. North America Neuroscience Market Forecasts and Analysis - By Country
9.1.5. US Market Overview
9.1.5.1. US Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.1.5.1.1. US Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.1.5.2. US Neuroscience Market by Forecasts and Analysis - End User (US$ Mn)
9.1.6. Canada Market Overview
9.1.6.1. Canada Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.1.6.1.1. Canada Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.1.6.2. Canada Neuroscience Market by Forecasts and Analysis - End User (US$ Mn)
9.1.7. Mexico Market Overview
9.1.7.1. Mexico Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.1.7.1.1. Mexico Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.1.7.2. Mexico Neuroscience Market by Forecasts and Analysis - End User (US$ Mn)
9.2. EUROPE NEUROSCIENCE MARKET
9.2.1. Europe Neuroscience Market Forecasts and Analysis (US$ Mn)
9.2.2. Europe Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.2.2.1. Europe Instrument Market Forecasts and Analysis - By Type (US$ Mn)
9.2.3. Europe Neuroscience Market Forecasts and Analysis - By End User (US$ Mn)
9.2.4. Europe Neuroscience Market Forecasts and Analysis - By Country
9.2.5. UK Market Overview
9.2.5.1. UK Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.2.5.1.1. UK Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.2.5.2. UK Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
9.2.6. Germany Market Overview
9.2.6.1. Germany Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.2.6.1.1. Germany Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.2.6.2. Germany Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
9.2.7. France Market Overview
9.2.7.1. France Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.2.7.1.1. France Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.2.7.2. France Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
9.3. ASIA PACIFIC NEUROSCIENCE MARKET
9.3.1. Asia Pacific Neuroscience Market Forecasts and Analysis (US$ Mn)
9.3.2. Asia Pacific Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.3.2.1. Asia Pacific Instrument Market Forecasts and Analysis - By Type (US$ Mn)
9.3.3. Asia Pacific Neuroscience Market Forecasts and Analysis - By End User (US$ Mn)
9.3.4. Asia Pacific Neuroscience Market Forecasts and Analysis - By Country
9.3.5. Japan Market Overview
9.3.5.1. Japan Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.3.5.1.1. Japan Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.3.5.2. Japan Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
9.3.6. India Market Overview
9.3.6.1. India Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.3.6.1.1. India Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.3.6.2. India Neuroscience Market by Forecasts and Analysis - End User (US$ Mn)
9.3.7. China Market Overview
9.3.7.1. China Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.3.7.1.1. China Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.3.7.2. China Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
9.4. MIDDLE EAST & AFRICA (MEA) NEUROSCIENCE MARKET
9.4.1. Middle East & Africa (MEA) Neuroscience Market Forecasts and Analysis (US$ Mn)
9.4.2. Middle East & Africa (MEA) Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.4.2.1. Middle East & Africa (MEA) Instrument Market Forecasts and Analysis - By Type (US$ Mn)
9.4.3. Middle East & Africa (MEA) Neuroscience Market Forecasts and Analysis - By End User (US$ Mn)
9.4.4. Middle East & Africa (MEA) Neuroscience Market Forecasts and Analysis - By Country
9.4.5. South Africa Market Overview
9.4.5.1. South Africa Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.4.5.1.1. South Africa Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.4.5.2. South Africa Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
9.4.6. Saudi Arabia Market Overview
9.4.6.1. Saudi Arabia Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.4.6.1.1. Saudi Arabia Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.4.6.2. Saudi Arabia Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
9.4.7. UAE Market Overview
9.4.7.1. UAE Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.4.7.1.1. UAE Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.4.7.2. UAE Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
9.5. SOUTH AND CENTRAL AMERICA NEUROSCIENCE MARKET
9.5.1. South and Central America Neuroscience Market Forecasts and Analysis (US$ Mn)
9.5.2. South and Central America Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.5.2.1. South and Central America Instrument Market Forecasts and Analysis - By Type (US$ Mn)
9.5.3. South and Central America Neuroscience Market Forecasts and Analysis - By End User (US$ Mn)
9.5.4. South and Central America Neuroscience Market Forecasts and Analysis - By Country
9.5.5. Brazil Market Overview
9.5.5.1. Brazil Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.5.5.1.1. Brazil Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.5.5.2. Brazil Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
10. INDUSTRY LANDSCAPE
10.1. ORGANIC GROWTH STRATEGIES
10.1.1. New Product Launches
10.1.2. Marketing & Promotional Activities
10.2. INORGANIC GROWTH STRATEGIES
10.2.1. Partnerships, Collaborations, and Joint Ventures
10.2.2. Mergers & Acquisitions
11. NEUROSCIENCE MARKET, KEY COMPANY PROFILES
11.1. GENERAL ELECTRIC COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. SIEMENS AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MEDISO LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LASERGLOW TECHNOLOGIES
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MIGHTEX SYSTEMS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PRIZMATIX
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NOLDUS INFORMATION TECHNOLOGY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NEURONEXUS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SCIENTIFICA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. FEMTONICS LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. General Electric Company
2. Siemens AG
3. Mediso Ltd.
4. Laserglow Technologies
5. Mightex Systems
6. Prizmatix
7. Noldus Information Technology
8. NeuroNexus
9. Scientifica
10. Femtonics Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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