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Expanding Neuroscience Market To Witness Strong Growth: A Peek Into Market Size, Key Players, and Future Trends
Neuroscience Market Size
What Is The Projected Market Size Of The Global Neuroscience Market And Its Growth Rate?
The global neuroscience market has shown significant growth recently, set to continue this trend by expanding from
•$35.51 billion in 2024 to $37.58 billion in 2025 with a 5.8% CAGR.
•Factors contributing to this growth include increased funding for neuroscience research, the emergence of neuroinformatic, genomic and proteomic research in neuroscience, public awareness, and education, drug discovery, and development, along with a global aging population.
•The neuroscience market size is expected to further grow robustly to reach $50.69 billion by 2029, escalating at a 7.8% CAGR.
•Driving this forecasted growth are advancements in precision medicine in neurological treatments, expansion of neuropharmacology, neural informatics for big data management, patient-centric approaches in neurological care, and global health initiatives for neurological disorders.
What Is Driving The Growth In The Neuroscience Market?
The increasing number of older adults, particularly those aged 65 and above, is a major driving force for the neuroscience market. The elderly population is prone to numerous diseases, including neurological disorders like lumbar arthrosis and dementia, which can be treated through neuroscience. The United Nations predicts that the global population aged 65 or older will surge from 10% in 2022 to 16% by 2050. This demographic change is thus likely to drive the neuroscience market in the coming years.
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Who Are the Key Players Driving Neuroscience Market Growth?
A rich variety of companies drive the neuroscience market forward, including:
•Alpha Omega Inc.
•General Electric Company
•Siemens Healthineers AG
•NeuroNexus Technologies Inc.
•Doric Lenses Inc.
•Blackrock Neurotech
•Axion Biosystems Inc.
•Femtonics Ltd.
•Carl Zeiss AG
•Danaher Corporation (Leica Microsystems)
What Are The Key Trends In The Neuroscience Market?
Key trends having notable impacts on the neuroscience market include:
•Brain imaging technologies
•Neurostimulation therapies
•Artificial intelligence in neuroscience
•Brain-Computer Interface (BCI) technology
•Telemedicine in neurology
•Industry-academia collaboration
•Cross-disciplinary approaches
What Are The Segments Of The Global Neuroscience Market?
The neuroscience market branches out into several segments:
•Type: Neuro-Microscopy, Electrophysiology Technologies, Neuro-Cellular Manipulation, Whole Brain Imaging, Other Types
•Service: Instruments And Consumables, Software And Services
•End User: Hospitals, Diagnostic Labs, Research, And Academic Institutes
Which Region Leads The Neuroscience Market?
North America held the largest share of the global neuroscience market in 2024. However, the Asia-Pacific region is projected to be the fastest-growing in the forecast period. The neuroscience market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Neuroscience Market Global Market Report?
- Market Size Analysis: Analyze the Neuroscience Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Neuroscience Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Neuroscience Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Neuroscience Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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