Global Neuroscience Market Size, Trends, and Growth Opportunity, By Technology (Brain Imaging, Neuro-Microscopy, Electrophysiology, Neuro-Cellular Manipulation, Neuroproteomic Analysis, Animal Behavior Analysis, and Others), By Component (Instruments & Consumables and Software & Services), By End-User (Hospitals, Diagnostic Laboratories, Research & Academic Institutes, and Others), By Region and Forecast to 2030
Global Orphan Drugs Market
The Global Neuroscience Market was valued at USD 27.50 billion in 2022 and is expected to expand to USD 37.98 billion by 2030, at a CAGR 4.12 % during the forecast period 2023- 2030.
In addition to language, computation, philosophy, psychology, and chemistry, neuroscience is an interdisciplinary field. Neuroscience investigates the cellular, operational, behavioral, molecular, evolutionary, and therapeutic aspects of the neurotic system. In the field of neuroscience, there are numerous techniques for imaging the nervous system.
Technological developments are promoting neuro-microscopy and, as a result, the growth of the neuroscience sector. Neuroscience is concerned with examining and visualizing how the human brain functions, as is the study of the nervous system. The study of the molecular, structural, evolutionary, cellular, developmental, functional, computing, psychological, and therapeutic elements of the nervous system is included in the broad field of neuroscience.
Market Drivers
The rising disease burden of brain-associated disorders, advancement in the field of neuroscience and neuro-technology, increasing research and development expenditure, and government funding are driving the growth of the neuroscience market. As per the Alzheimer’s Association 2021 Alzheimer's Disease Facts and Figures, an estimated 6.2 million Americans aged 65 and older were living with Alzheimer's dementia in 2021 in the United States. By 2050, the number of people aged 65 and older with Alzheimer’s dementia is projected to increase to 12.7 million.
The developing technologies for examining brain-associated disorders are expected to influence positively the neuroscience market growth in the coming years.
Market Restraints
Predictive neuroscience, Simulating the brain, and Classifying and simulating diseases of the brain are major factors hampering the market growth during the forecast period. Anxiety, mood disorders, and neurodegenerative diseases will have an impact on over one-third of EU inhabitants at some point in their lives, according to a recent report. According to estimates, the annual cost of brain disease to the European economy is close to Eur 800 billion, or 25% of all direct healthcare costs as well as a substantial indirect cost.
Market Segmentation
Global Neuroscience Market is segmented into Technology, Component, and End-User.
Based on Technology, the market is divided into Brain Imaging, Neuro-Microscopy, Electrophysiology, Neuro-Cellular Manipulation, Neuroproteomic Analysis, Animal Behavior Analysis, and Others.
Based on Component the market is segmented into Instruments & Consumables and Software & Services.
Based on End-User the market is segmented into Hospitals, Diagnostic Laboratories, Research & Academic Institutes, and Others.
Regional Analysis
Global Neuroscience Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America is anticipated to hold the major market share during the forecast period. The increase in financing for various neurodegenerative disease research projects, the rise in disease prevalence and awareness, and the existence of significant market participants are the main drivers of market expansion in the investigated area. For instance, the Parkinson's Foundation estimates that by the end of 2020, one million Americans will have Parkinson's disease (PD) and that each year, nearly 60,000 people in the United States are diagnosed with the condition. Growing funding is a major driver of market expansion.
Key Development
In February 2022, NeuroNexus Technologies introduced the NeuroNexus Summa Framework. The clarification was created for life science researchers as well as seasoned electrophysiologists to quickly integrate electrical signal readouts from biological cells and tissues into their research workflow.
In December 2021, with the launch of a new partnership, the Brain Tumor Foundation will be able to offer free brain scans to anyone in the country. Swoop, the first portable magnetic resonance imaging (MRI) system to receive FDA clearance developed by Hyperfine, Inc., which is a pioneering medical device company.
Key Players
Various key players are discussed in the Global Neuroscience Market Report including Biobserve GmbH, Doric Lenses Inc., GE Healthcare, Kernel, Laserglow Technologies, Mightex Systems, NeuroNexus Technologies, Noldus Information Technology, Prizmatix Ltd.
Market Taxonomy
By Technology
• Brain Imaging
• Neuro-Microscopy
• Electrophysiology
• Neuro-Cellular Manipulation
• Neuroproteomic Analysis
• Animal Behavior Analysis
• Others
By Component
• Instruments & Consumables
• Software & Services
By End-User
• Hospitals
• Diagnostic Laboratories
• Research & Academic Institutes
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Neuroscience Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Neuroscience Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Neuroscience Market, By Technology
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global Neuroscience Market Share Analysis, By Technology
5.3 Global Neuroscience Market Size and Forecast, By Technology
5.3.1. Brain Imaging
5.3.2. Neuro-Microscopy
5.3.3 Electrophysiology
5.3.4. Neuro-Cellular Manipulation
5.3.5. Neuroproteomic Analysis
5.3.6. Animal Behavior Analysis
5.3.7. Others
6 Global Neuroscience Market, By Component
6.1 Y-o-Y Growth Comparison, By Component
6.2 Global Neuroscience Market Share Analysis, By Component
6.3 Global Neuroscience Market Size and Forecast, By Component
6.3.1 Instruments & Consumables
6.3.2. Software & Services
7 Global Neuroscience Market, By End-User
7.1 Y-o-Y Growth Comparison, By End-User
7.2 Global Neuroscience Market Share Analysis, By End-User
7.3 Global Neuroscience Market Size and Forecast, By End-User
7.3.1. Hospitals
7.3.2. Diagnostic Laboratories
7.3.3. Research & Academic Institutes
7.3.4. Others
8 Global Neuroscience Market, By Region
8.1 Global Neuroscience Market Share Analysis, By Region
8.2 Global Neuroscience Market Size and Forecast, By Region
9 North America Neuroscience Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Neuroscience Market Share Analysis, By Technology
9.3 North America Neuroscience Market Size and Forecast, By Component
9.4 North America Neuroscience Market Size and Forecast, By End-User
9.5 North America Neuroscience Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Neuroscience Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Neuroscience Market Share Analysis, By Technology
10.3 Europe Neuroscience Market Size and Forecast, By Component
10.4 Europe Neuroscience Market Size and Forecast, By End-User
10.5 Europe Neuroscience Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4. Rest of Europe
11 Asia Pacific Neuroscience Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Neuroscience Market Share Analysis, By Technology
11.3 Asia Pacific Neuroscience Market Size and Forecast, By Component
11.4 Asia Pacific Neuroscience Market Size and Forecast, By End-User
11.5 Asia Pacific Neuroscience Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Neuroscience Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Neuroscience Market Share Analysis, By Technology
12.3 Latin America Neuroscience Market Size and Forecast, By Component
12.4 Latin America Neuroscience Market Size and Forecast, By End-User
12.5 Latin America Neuroscience Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Neuroscience Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Neuroscience Market Share Analysis, By Technology
13.3 Middle East Neuroscience Market Size and Forecast, By Component
13.4 Middle East Neuroscience Market Size and Forecast, By End-User
13.5 Middle East Neuroscience Market Size and Forecast, By Country
13.6.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Biobserve GmbH
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Doric Lenses Inc.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 GE Healthcare
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Kernel
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Laserglow Technologies
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Mightex Systems
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 NeuroNexus Technologies
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Noldus Information Technology
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Prizmatix Ltd.
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
