- Brain Imaging
- Neuro-Microscopy
- Electrophysiology
- Neuroproteomic Analysis
- Animal Behaviour Analysis
- Others
Neuroscience Market size was valued at USD 31,376.3 Million in 2022 and is poised to grow at a significant CAGR of 4.1% from 2023-2029. The scientific study of the brain and nervous system is referred to as neuroscience. It is an interdisciplinary science that collaborates with cellular and molecular biology, physiology, anatomy, and human behavior and cognition. It focuses on the structure of the brain as well as neurological, physical, and psychological functions. The Brain Imaging segment is anticipated to grow at a significant CAGR over the forecast years owing to rising incidence and prevalence of neurological disorders, increased awareness of neurodegenerative diseases, increased incidence of traumatic brain injuries, and increased applications of brain imaging and neuroimaging in clinical trials. Moreover, market players are focusing on the launch of new products, collaboration, and acquisition to maintain growth in the market.
Neuroscience Market Key Developments:
- In December 2020 - Eli Lilly & Company, one of the leading pharmaceutical companies, recently announced that it would purchase Prevail Therapeutics for $800 million in a pharmaceutical deal. Eli Lilly & Company will build a new drug discovery and development modality due to the acquisition agreement, which will expand the company's research activities through a new gene therapy initiative.
- For instance, in July 2022: Inscopix, Inc. announced the Inscopix Data Exploration, Analysis, and Sharing (IDEAS) Platform. This new platform helps Neuroscience research groups to enhance analyzing and organizing of Neuroscience data. Increased occurrences of neurological illnesses such as Alzheimer's disease, Parkinson's disease, and other dementias are expected to drive the neuroscience market throughout the projected period.
Neuroscience Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
4.1%
Largest Market
Asia-Pacific
Fastest Growing Market
North-America
Neuroscience Market Dynamics
Increased government investment in healthcare infrastructure in developed nations is likely to drive the neuroscience industry forward. According to the Centers for Medicare and Medicaid Services, overall healthcare spending in North America is predicted to rise at a 4.6% annual rate between 2016 and 2019. Due to the Affordable Care Act's considerable influence on health insurance coverage, national health expenditure in the United States is anticipated to climb at a 5.6% annual pace. As a result of this rising tendency in government funding, the United States will witness increased interest in general medical equipment, particularly in the neuroscience Market.
Neuroscience Market Regional Analysis
Asia Pacific Got Significant Share
The neuroscience market in the Asia Pacific is likely to hold the highest revenue share in 2022, and the same trend is expected over the forecast period because China has led the APAC neuroscience market during the projection period, owing to the increased prevalence of CNS disorders among the region's aging population. The APAC neuroscience market is expected to grow rapidly at a CAGR of 7.0% during the projected period.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The neuroscience market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Neuroscience Market Segmentation
By Technology
By Component
- Instruments and Consumables
- Software and Services
By End User
- Hospitals
- Diagnostic Laboratories
- Research
- Academic Institutes
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The neuroscience market is projected to expand at a CAGR of 4.1% during the forecast period
The major key players operating in the neuroscience market are, Biobserve GmbH, Doric Lenses Inc., GE Healthcare, Kernel, Laserglow Technologies, Mightex Systems, NeuroNexus Technologies, Noldus Information Technology, Prizmatix Ltd., Siemens Helthineers, Medtronic Plc, Canon Medical Systems Corporation, Neusoft Medical Systems Co. Ltd
Asia Pacific is the fastest-growing region for neuroscience market
| 1. Executive Summary |
| 2. Global Neuroscience Market Introduction |
| 2.1. Global Neuroscience Market - Taxonomy |
| 2.2. Global Neuroscience Market -Definitions |
| 2.2.1. By Technology |
| 2.2.2. By Component |
| 2.2.3. By End-User |
| 2.2.4. By Region |
| 3. Global Neuroscience Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Neuroscience Market Dynamic Factors - Impact Analysis |
| 3.6. Global Neuroscience Market - Competition Landscape |
| 3.7. Epidemiology |
| 4. Global Neuroscience Market Analysis,2018-2022 and Forecast, 2023-2029 |
| 4.1. Market Analysis,2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Neuroscience Market, By Technology, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1. Brain Imaging |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Neuro-Microscopy |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Electrophysiology |
| 5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Neuroproteomic Analysis |
| 5.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Animal Behaviour Analysis. |
| 5.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6. Global Neuroscience Market Forecast, By Component, 2018-2022 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 6.1. Instruments and Consumables |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Software and Services |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Neuroscience Market, By End-User, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1. Hospitals |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Diagnostic Laboratories |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Research and Academic Institutes |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Neuroscience Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Neuroscience Market - Opportunity Analysis Index, By Technology, By Component, By End-User, and Region, 2023-2029 |
| 9. North America Neuroscience MarketAnalysis,2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.1. By Technology Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Brain Imaging |
| 9.1.2. Neuro-Microscopy |
| 9.1.3. Electrophysiology |
| 9.1.4. Neuroproteomic Analysis |
| 9.1.5. Animal Behaviour Analysis |
| 9.1.6. Others |
| 9.2. By Component Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Instruments and Consumables |
| 9.2.2. Software and Services |
| 9.3. By End-User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Hospitals |
| 9.3.2. Diagnostic Laboratories |
| 9.3.3. Research and Academic Institutes |
| 9.3.4. Others |
| 9.4. Country Analysis 2018-2022 and Forecast 2023-2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Neuroscience Market - Opportunity Analysis Index, By Technology, By Component, By End-User, and Country, 2023-2029 |
| 9.6. North America Neuroscience Market Dynamics - Trends |
| 10. Europe Neuroscience Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 10.1. By Technology Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Brain Imaging |
| 10.1.2. Neuro-Microscopy |
| 10.1.3. Electrophysiology |
| 10.1.4. Neuroproteomic Analysis |
| 10.1.5. Animal Behaviour Analysis |
| 10.1.6. Others |
| 10.2. By Component Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Instruments and Consumables |
| 10.2.2. Software and Services |
| 10.3. By End-User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Hospitals |
| 10.3.2. Diagnostic Laboratories |
| 10.3.3. Research and Academic Institutes |
| 10.3.4. Others |
| 10.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Rest of Europe |
| 10.5. Europe Neuroscience Market - Opportunity Analysis Index, By Technology, By Component, By End-User, and Country, 2023-2029 |
| 10.6. Europe Neuroscience Market Dynamics - Trends |
| 11. Asia-Pacific Neuroscience Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 11.1. By Technology Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Brain Imaging |
| 11.1.2. Neuro-Microscopy |
| 11.1.3. Electrophysiology |
| 11.1.4. Neuroproteomic Analysis |
| 11.1.5. Animal Behaviour Analysis |
| 11.1.6. Others |
| 11.2. By Component Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Instruments and Consumables |
| 11.2.2. Software and Services |
| 11.3. By End-User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Hospitals |
| 11.3.2. Diagnostic Laboratories |
| 11.3.3. Research and Academic Institutes |
| 11.3.4. Others |
| 11.4. Country Analysis2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Neuroscience Market - Opportunity Analysis Index, By Technology, By Component, By End-User, and Country, 2023-2029 |
| 11.6. Asia-Pacific Neuroscience Market Dynamics - Trends |
| 12. Latin America Neuroscience Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 12.1. By Technology Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Brain Imaging |
| 12.1.2. Neuro-Microscopy |
| 12.1.3. Electrophysiology |
| 12.1.4. Neuroproteomic Analysis |
| 12.1.5. Animal Behaviour Analysis |
| 12.1.6. Others |
| 12.2. By Component Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Instruments and Consumables |
| 12.2.2. Software and Services |
| 12.3. By End-User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Hospitals |
| 12.3.2. Diagnostic Laboratories |
| 12.3.3. Research and Academic Institutes |
| 12.3.4. Others |
| 12.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Neuroscience Market - Opportunity Analysis Index, By Technology, By Component, By End-User, and Country, 2023-2029 |
| 12.6. Latin America Neuroscience Market Dynamics - Trends |
| 13. Middle East and Africa Neuroscience Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 13.1. By Technology Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Brain Imaging |
| 13.1.2. Neuro-Microscopy |
| 13.1.3. Electrophysiology |
| 13.1.4. Neuroproteomic Analysis |
| 13.1.5. Animal Behaviour Analysis |
| 13.1.6. Others |
| 13.2. By Component Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Instruments and Consumables |
| 13.2.2. Software and Services |
| 13.3. By End-User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Hospitals |
| 13.3.2. Diagnostic Laboratories |
| 13.3.3. Research and Academic Institutes |
| 13.3.4. Others |
| 13.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Neuroscience Market - Opportunity Analysis Index, By Technology, By Component, By End-User, and Country, 2023-2029 |
| 13.6. MEA Neuroscience Market Dynamics - Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, By Component & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Biobserve GmbH |
| 14.2.2. Doric Lenses Inc. |
| 14.2.3. GE Healthcare |
| 14.2.4. Kernel |
| 14.2.5. Laserglow Technologies |
| 14.2.6. Mightex Systems |
| 14.2.7. NeuroNexus Technologies |
| 14.2.8. Noldus Information Technology |
| 14.2.9. Prizmatix Ltd. |
| 14.2.10. Siemens Helthineers |
| 14.2.11. Medtronic Plc |
| 14.2.12. Canon Medical Systems Corporation |
| 14.2.13. Neusoft Medical Systems Co. Ltd |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
- Biobserve GmbH
- Doric Lenses Inc.
- GE Healthcare
- Kernel
- Laserglow Technologies
- Mightex Systems
- NeuroNexus Technologies
- Noldus Information Technology
- Prizmatix Ltd.
- Siemens Helthineers
- Medtronic Plc
- Canon Medical Systems Corporation
- Neusoft Medical Systems Co. Ltd