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Neuroscience Market Analysis, Trends, Growth, Research And Forecast 2032
Neuroscience Market
The Business Research Company's Neuroscience Global Market Report 2023 identifies the rising geriatric population as the major driver for the neuroscience market's growth in the forecast period. Due to lowered immunity and advanced age, the elderly population is susceptible to many diseases including neurological disorders. Lumbar arthrosis and dementia are the most common neurological disorders in older people, which can be treated through neuroscience. For instance, according to a 2020 report from the UN Department of Economic and Social Affairs, the population over the age of 65 is expected to increase from 9.3% in 2020 to almost 16.0% in 2050.
The global neuroscience market size is expected to grow from $31.38 billion in 2022 to $33.22 billion in 2023 at a compound annual growth rate (CAGR) of 5.88%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global neuroscience industry is expected to grow to $41.86 billion in 2027 at a CAGR of 5.95%.
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Major competitors in the neuroscience market are Alpha Omega Inc., GE Healthcare, Siemens Healthineers, NeuroNexus Technologies Inc., Doric Lenses Inc., Blackrock Neurotech, Axion Biosystems Inc., Femtonics Ltd., Carl ZEISS AG, Danaher Corporation (Leica Microsystems), Koninklijke Philips N.V., Toshiba Corporation, Hitachi Medical Corp., Scientifica Ltd. and Intan Technologies.
A key trend in the neuroscience market includes technological advancement. Major market players are concentrating their efforts on creating innovative technologies such as artificial intelligence and machine learning to bring advancement in neuroscience. Artificial intelligence enables machines to mimic and even outperform human mental powers and machine learning is a part of artificial intelligence. Artificial intelligence (AI) models are built to carry out intelligence-based tasks that are offering new theories about how the same processes are regulated within the brain. For instance, in December 2021, Biogen Inc., a US-based biotechnology company collaborated with TheraPanacea to focus on multiple therapeutic areas in neuroscience. The collaboration was aimed at using machine learning (ML) and artificial intelligence (AI) analysis to create digital health solutions that could enhance patient care, hasten the development of new drugs, and deepen the understanding of the pathologies that underlie neurological illnesses. TheraPanacea is a France-based medical technology company specializing in artificial intelligence.
Read More On The Global Neuroscience Market Report Here:
https://www.thebusinessresearchcompany.com/report/neuroscience-global-market-report
The neuroscience market is segmented -
• By Type: Neuro-Microscopy, Electrophysiology Technologies, Neuro-Cellular Manipulation, Whole Brain Imaging, Other Types
• By Service: Instruments And Consumables, Software And Services
• By End User: Hospitals, Diagnostic Labs, Research And Academic Institutes
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the neuroscience market.
The Business Research Company's "Global Neuroscience Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Neuroscience Market Include:
1. Executive Summary
2. Neuroscience Market Characteristics
3. Neuroscience Market Trends And Strategies
4. Neuroscience Market - Macro Economic Scenario
5. Neuroscience Market Size And Growth
……
26. Africa Neuroscience Market
27. Neuroscience Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Neuroscience Market
29. Neuroscience Market Future Outlook and Potential Analysis
30. Appendix
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