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Rising Alzheimer's Prevalence Fuels Growth in Neurological Disorder Diagnostics Market Driver: Leading Transformation in the Neurological Disorder Diagnostics Market in 2025
Neurological Disorder Diagnostics Market Size
As the incidence of Alzheimer's disease continues to rise, so too is the expected growth of the neurological disorder diagnostics market. Alzheimer's disease is a progressive neurodegenerative disorder marked by a slow decline in cognitive abilities, such as memory, reasoning, and problem-solving. Various factors contribute to the onset of Alzheimer's, including specific gene mutations and variations, the build-up of amyloid plaques and tau tangles in the brain, ongoing inflammation, vascular issues, and lifestyle choices. The diagnostics for neurological disorders aid in the early and precise identification of Alzheimer's disease through sophisticated imaging techniques, biomarker analysis, and cognitive evaluations. For example, data from the Australian Institute of Health and Welfare in September 2024 showed that around 411,100 individuals in Australia had dementia in 2023, of which approximately 257,500 were women and 153,700 were men. Consequently, the increasing occurrence of Alzheimer's disease is fuelling the expansion of the neurological disorder diagnostics market.
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What is the projected compound annual growth rate (CAGR) of the neurological disorder diagnostics market from 2025 to 2034, and what factors influence it?
The market for diagnosing neurological disorders has seen significant growth in recent years. The market size is expected to increase from $11.75 billion in 2024 to $12.61 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this growth during the historical period include a rise in the occurrence of neurological conditions, an increasing elderly population, a greater focus on early detection and disease management, increased awareness of neurological disorders, and a heightened emphasis on proactive diagnosis.
In the coming years, it is anticipated that the market for neurological disorder diagnostics will experience substantial growth. By 2029, the market is projected to expand to $16.6 billion, with a Compound Annual Growth Rate (CAGR) of 7.1%. This anticipated growth during the forecast period can be credited to several factors, such as increasing awareness and education, growth in healthcare spending, enhanced access to healthcare services, the expansion of diagnostic facilities, and the growing embrace of personalized medicine. Moving forward, the forecast period is likely to witness major trends including advancements in neuroimaging procedures, the uptake of wearable devices and remote monitoring technologies, progress in the discovery of biomarkers and genetic testing, the integration of artificial intelligence and machine learning, and the creation of point-of-care diagnostic tools.
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How are the latest trends influencing the growth of the neurological disorder diagnostics market?
Leading firms in the neurological disorder diagnostics market are striving to innovate by designing solutions like neurological disease quantification software for the vast global population of one billion affected by neurological ailments. This distinctive software serves as a platform for gauging and investigating brain function and the rate of malady progression in neurological situations. For example, Quibim, a biotechnology establishment based in Spain, debuted QP-Brain, an AI-supported early-stage neurological disease quantification software in January 2024. The QP-Brain, courtesy of Quibim, is sophisticated neuroimaging analysis software crafted to calculate changes in brain tissue associated with neurological ailments. The software stands out for its AI-enhanced automated segmentation and comprehensive volumetric scrutiny, providing accurate and thorough knowledge about modifications in brain structures for both clinical and research-centric uses.
What are the major segments of the neurological disorder diagnostics market and their role in driving growth?
The neurological disorder diagnosticsmarket covered in this report is segmented -
1) By Component: Instruments, Reagents, Kits, Software, Services
2) By Technology: Immunoassay, Polymerase Chain Reaction (PCR) Techniques
3) By Disease Type: Alzheimer's Disease, Dementia, Parkinson's Disease, Epilepsy, Traumatic Brain Injury, Other Disease Types
4) By End User: Hospitals And Clinics, Diagnostic Centers, Academic And Research Institutes
Subsegments:
1) By Instruments: Electroencephalography (EEG) Machines, Magnetic Resonance Imaging (MRI) Machines, Computed Tomography (CT) Scanners, Positron Emission Tomography (PET) Scanners, Lumbar Puncture Equipment, Ultrasound Devices, Neurostimulation Devices, Transcranial Magnetic Stimulation (TMS) Devices,
2) By Reagents: Biochemical Reagents, Antibodies, DNA Probes, RNA Probes, Enzyme-linked Immunosorbent Assay (ELISA) Reagents, Polymerase Chain Reaction (PCR) Reagents, Sample Collection Reagents
3) By Kits: Diagnostic Test Kits, Genetic Testing Kits, Biomarker Detection Kits, Immunoassay Kits, Point-of-Care Testing Kits, Screening Kits for Neurological Disorders
4) By Software: Diagnostic Software for Imaging Analysis, Data Management Software, Clinical Decision Support Software, Patient Management Software, Laboratory Information Management Systems (LIMS), Neuroinformatics Software, Telemedicine Software
5) By Services: Diagnostic Testing Services, Consultation Services, Training and Support Services, Maintenance and Repair Services for Equipment, Telehealth Services, Data Analysis Services, Research and Development Services
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Which regions are key players in the growth of the neurological disorder diagnostics market?
North America was the largest region in the neurological disorder diagnostics market in 2024. The regions covered in the neurological disorder diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the neurological disorder diagnostics market?
Major companies operating in the neurological disorder diagnostics market are Johnson & Johnson Services Inc., F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc., Abbott Laboratories, Novartis AG, Medtronic plc, Amgen Inc., Siemens Healthineers AG, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Otsuka Pharmaceutical Co. Ltd., Boston Scientific Corporation, Neurocrine Biosciences Inc., Neusoft Medical Systems Co. Ltd., Nihon Kohden Corporation, Natus Medical Incorporated, Esaote S.p.A, Canon Medical Systems Corporation, NeuroPace Inc., Lifelines Neuro Company LLC, York Instruments Ltd., Advanced Brain Monitoring Inc., Neurometrix Inc., Croton Healthcare Private Limited, NeuroLogica Corporation
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What Is Covered In The Neurological Disorder Diagnostics Global Market Report?
•Market Size Forecast: Examine the neurological disorder diagnostics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the neurological disorder diagnostics market for a structured understanding.
•Key Players Overview: Analyze major players in the neurological disorder diagnostics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the neurological disorder diagnostics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the neurological disorder diagnostics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the neurological disorder diagnostics market.
•Industry Challenges: Identify potential risks and obstacles affecting the neurological disorder diagnostics market.
•Competitive Landscape: Review strategic developments in the neurological disorder diagnostics market, including expansions, agreements, and new product launches.
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