Neuroscience Market Report 2023: Industry Research, Trends, Analysis and Forecast To 2028

IMARC Group has recently released a new research study titled "Neuroscience Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global neuroscience market size reached US$ 33.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.

Neuroscience refers to the study of the nervous system that comprises whole brain imaging, neuro-microscopy, electrophysiology, neuroproteomic analysis, animal behavior analysis, and neuro-functional analysis. It benefits neurologists in understanding about the development of medications to treat and prevent several neurological disorders among individuals. Besides this, it also assists in analyzing and visualizing the activity of the human brain. As a result, neuroscience is widely employed in the hospitals, diagnostic laboratories, and academic and research institutions across the globe.

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Neuroscience Market Trends and Drivers:

Presently, the rising prevalence of neurological disorders, such as Alzheimer's and Parkinson's diseases and dementia, represents one of the key factors contributing to the growth of the market. Additionally, governing agencies of various countries are increasingly spending on healthcare infrastructure and generating awareness about neurological diseases and their treatment options, which is strengthening the growth of the market.

Apart from this, the rising awareness about the benefits of advanced neuroscience devices, such as the combination of other imaging devices with magnetic resonance imaging (MRI) and neuromicroscopes, over conventional standalone imaging devices is positively influencing the market.

Moreover, the increasing demand for neuroscience devices and consumables for diagnostics and imaging purposes of the brain and nervous system is offering lucrative growth opportunities to industry investors.

Furthermore, the rising utilization of MRI for diagnostic imaging and neurological research is supporting the growth of the market.

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Global Neuroscience Market 2023-2028 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 (2017-2022)
• Market Outlook (2023- 2028)
• 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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