MARC Group, a leading market research company, has recently releases report titled “Neuroscience Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global neuroscience market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the neuroscience market?
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.
What is neuroscience?
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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What are the growth prospects and trends in the neuroscience industry?
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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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
- Instruments and Consumables
- Software and Services
Breakup by Technology:
- Brain Imaging
- Neuroproteomic Analysis
- Animal Behaviour Analysis
Breakup by End User:
- Diagnostic Laboratories
- Research and Academic Institutes
Market 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
Who are the key players operating in the industry?
The report covers the major market players including:
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.
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