Neuroscience Market Size Worth US$ 41.24 Billion by 2027 With 3.80% CAGR, Globally | IMARC Group

The latest research study "Neuroscience Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global neuroscience market reached a value of US$ 32.22 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 41.24 Billion by 2027 exhibiting a CAGR of 3.80% during 2022-2027.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Industry Overview and Application :

Neuroscience is the scientific study of the brain and nervous system that involves the use of brain imaging, neuro-microscopy, electrophysiology, etc. It is an interdisciplinary science that is closely related to other disciplines, such as physiology, anatomy, cellular biology, molecular biology, human behavior and cognition, etc. Neuroscience studies provide valuable insights into the anatomy of the brain and neurological and psychological functioning. They help neurologists understand the factors that can aid in the development of strategies and medications to treat and prevent chronic neurological disorders. As a result, neuroscience research projects find widespread applications across several segments of the healthcare sector, including hospitals, diagnostic laboratories, research and academic institutes, etc.

Neuroscience Market Trends and Drivers:

The rising number of deaths on account of various neurological illnesses, such as Parkinson's disease, schizophrenia, Alzheimer's, etc., is primarily driving the neuroscience market. Besides this, the expanding demand for neuroimaging devices and the increasing number of ongoing brain mapping research and investigation projects are also positively influencing the market growth.

Apart from this, the escalating usage of microscopy, Magnetic Resonance Imaging (MRI), optogenetics, and electrophysiology instruments for diagnosing critical neurological ailments is further augmenting the global market.

Moreover, the development of innovative medical equipment by key market players that provide improved efficiency and patient compliance and the growing awareness towards the benefits of advanced neuroscience imaging devices, including the combination of other imaging devices along with the MRI and neuro microscopes, are expected to propel the neuroscience market over the forecasted period.

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Global Neuroscience Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Alpha Omega Engineering, Biobserve GmbH, Blackrock Neurotech, Doric Lenses Inc., General Electric Company, Kernel, Laserglow Technologies, Mightex Systems, NeuroNexus Technologies Inc., Noldus Information Technology B.V., Plexon Inc., Prizmatix Ltd. and Siemens AG.

The report has segmented the market on the basis of region, component, technology and end user.

Breakup by Component:
• Instruments and Consumables
• Software and Services

Breakup by Technology:
• Brain Imaging
• Neuro-Microscopy
• Electrophysiology
• Neuroproteomic Analysis
• Animal Behaviour Analysis
• Others

Breakup by End User:
• Hospitals
• Diagnostic Laboratories
• Research and Academic Institutes
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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