The global neuroscience market size reached US$32.22 billion in 2021 and is projected to reach US$41.24 billion by 2027, growing at a CAGR of 3.80% during 2022-2027.
SHERIDAN, WYOMING, USA, April 27, 2022 /EINPresswire.com/ — The global neuroscience market size reached worth US$32.22 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$41.24 billion by 2027, with a CAGR of 3 .80% in 2022-2027.
Neuroscience refers to an interdisciplinary science that examines the structure and function of the brain and nervous system. It combines cellular and molecular biology, physiology, anatomy, human behavior and cognition, and other disciplines to study the physical anatomy of the brain and neurological and physiological functioning. It helps neurologists understand the different factors that can aid in the development of drugs and strategies to prevent and treat various neurological disorders. Today, neuroscientists and researchers use advanced imaging techniques to identify neural networks involved in understanding disease pathways, early diagnosis of disease, and cognitive processes.
Base year: 2021
Forecast year: 2022-2027
Neuroscience Market Trends and Drivers:
The global neuroscience market is mainly driven by the increasing prevalence of neurological and brain disorders, such as Parkinson’s disease, Alzheimer’s disease and schizophrenia. Moreover, several favorable initiatives undertaken by the governments of various countries to create awareness about neurological diseases and available treatment options are other major growth factors.
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Additionally, recent advances in neuroscience and neurotechnology have led to the development of innovative medical devices with improved efficacy and patient compliance. Furthermore, the increasing adoption of magnetic resonance imaging (MRI), microscopy, optogenetics, and electrophysiology to diagnose numerous brain-related conditions has catalyzed the growth of the market.
Other factors including increasing government support and funding for neuroscience research, rising demand for neuroimaging devices and improving healthcare infrastructure are also expected to create positive market outlook in the near future. coming.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
2022-2027 Global Neuroscience Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Alpha Omega Engineering, Biobserve GmbH, Blackrock Neurotech, Doric Lenses Inc., General Electric Company, Kernel, Laserglow Technologies, Mightex Systems, NeuroNexus Technologies Inc., Noldus Information Technology BV, Plexon Inc., Prizmatix Ltd. and Siemens AG.
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The report has segmented the market based on region, component, technology, and end user.
Breakdown by component:
• Instruments and consumables
• Software and services
Breakdown by technology:
• Brain imaging
• Neuroproteomic analysis
• Analysis of animal behavior
Breakdown by end user:
• Diagnostic laboratories
• Research institutes and universities
Breakdown 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
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Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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