Neuroscience Global Market Report 2024

Description

Neuroscience Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on neuroscience market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for neuroscience? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The neuroscience market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Neuro-Microscopy; Electrophysiology Technologies; Neuro-Cellular Manipulation; Whole Brain Imaging; Other Types
2) By Service: Instruments And Consumables; Software And Services
3) By End User: Hospitals; Diagnostic Labs; Research And Academic Institutes
Companies Mentioned: Alpha Omega Inc.; General Electric Company; Siemens Healthineers AG; NeuroNexus Technologies Inc.; Doric Lenses Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Neuroscience, delving into the intricacies of the human nervous system and brain, integrates cellular and molecular biology, anatomy, physiology, human behavior, cognition, and related fields to comprehensively map brain functionalities. Its applications extend to the development of pharmaceuticals, treatments, and preventive methodologies for various health conditions, offering solutions to a spectrum of health concerns.

Diverse branches within neuroscience encompass neuro-microscopy, electrophysiology technologies, neuro-cellular manipulation, whole brain imaging, and other specialized tools provided through instruments, consumables, software, and services. Neuro-microscopy, tailored for surgeries involving the brain, spinal cord, and spine, serves as an operating microscope. It facilitates illumination and magnification of deeper surgical fields, equipped with features like a binocular head with adjustable eyepieces and foot controls, ensuring enhanced precision and maneuverability. The application of neuroscience spans across hospitals, diagnostic labs, research facilities, and academic institutes, supporting various scientific endeavors and medical advancements.

The neuroscience market research report is one of a series of new reports from The Business Research Company that provides neuroscience market statistics, including neuroscience industry global market size, regional shares, competitors with a neuroscience market share, detailed neuroscience market segments, market trends and opportunities, and any further data you may need to thrive in the neuroscience industry. This neuroscience market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The neuroscience market size has grown strongly in recent years. It will grow from $33.21 billion in 2023 to $35.28 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth observed in the historical period is linked to several factors, including amplified funding for neuroscience research, the rise of neuroinformatics, advancements in genomic and proteomic research within neuroscience, heightened public awareness and education, efforts in drug discovery and development, the impact of a globally aging population, and the integration of neuroscience into education and learning methodologies.

The neuroscience market size is expected to see strong growth in the next few years. It will grow to $46.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The projected growth in the upcoming period is driven by the advancement of precision medicine in neurological treatments, the widening scope of neuropharmacology, the utilization of neuroinformatics for managing extensive data sets, a shift towards patient-centric approaches in neurological care, global health initiatives targeting neurological disorders, innovations in neurological diagnostics, and a focus on ethical considerations and guidelines.

The neuroscience market anticipates significant growth driven by the increasing geriatric population, typically referring to individuals aged 65 and older. With reduced immunity and advancing age, this demographic is more susceptible to various ailments, including neurological disorders like lumbar arthrosis and dementia. As projected by the UN Department of Economic and Social Affairs in 2020, the population over 65 is expected to rise from 9.3% in 2020 to nearly 16.0% by 2050. Concurrently, the World Health Organization estimates a global increase from 1 billion to 1.4 billion individuals aged 60 and above by 2030, underscoring the market drive stemming from the growing elderly demographic.

Another driver stimulating the neuroscience market is the escalating incidence of neurological disorders, specifically Alzheimer's disease. These disorders encompass a spectrum of nervous system conditions affecting the brain, spinal cord, and peripheral nerves. Alzheimer's, a progressive neurodegenerative ailment, substantially impacts cognitive functions and memory. Neuroscience serves a critical role in comprehending and addressing Alzheimer's by exploring nervous system structures and functions, aiding in diagnosis, prevention, and treatment strategies. Reports from the Alzheimer's Association in 2021 indicated 6.2 million Americans aged 65 and older living with Alzheimer's dementia, projecting a surge to 12.7 million by 2050, highlighting the escalating prevalence driving the neuroscience market.

Technological advancement emerges as a pivotal trend shaping the neuroscience landscape. Leading market players are focused on pioneering technologies, notably artificial intelligence (AI) and machine learning (ML), to revolutionize the field. AI, capable of mimicking and surpassing human mental capacities, coupled with ML as a subset, offers novel insights into brain processes. Notably, in December 2021, Biogen Inc., in collaboration with TheraPanacea, leveraged ML and AI to develop digital health solutions for neurological illnesses. TheraPanacea, specializing in AI-driven medical technology, aligns with the industry's transformative trajectory.

Prominent companies in neuroscience are investing in innovative products like computed tomography (CT) scanners to fortify their market position. These scanners, utilizing X-rays to create detailed cross-sectional images of internal body structures, play a crucial role in diagnosing conditions such as strokes, brain tumors, and traumatic brain injuries. GE Healthcare's launch of the Revolution Apex CT scanner in July 2021, equipped with advanced imaging systems and AI platforms, signifies the industry's commitment to cutting-edge technology. The platform's exceptional features, including world-record gantry speed and high temporal resolution, underscore its impact on neurological imaging diagnostics.

In March 2022, AbbVie, a biopharmaceutical company based in the United States, completed the acquisition of Syndesi Therapeutics SA for an undisclosed sum. AbbVie's objective behind this acquisition was to bolster its neuroscience portfolio by gaining access to Syndesi's range of advanced SV2A modulators, notably their flagship drug SDI-118. Syndesi Therapeutics SA, headquartered in Belgium, specializes in drug discovery within the field of neurology within the biotechnology sector.

Major companies operating in the neuroscience market report are Alpha Omega Inc., General Electric Company, Siemens Healthineers AG, NeuroNexus Technologies Inc., Doric Lenses Inc., Blackrock Neurotech, Axion Biosystems Inc., Femtonics Ltd., Carl Zeiss AG, Danaher Corporation (Leica Microsystems), Koninklijke Philips N.V., Toshiba Corporation, Hitachi Medical Corporation, Scientifica Ltd., Intan Technologies Inc., Laserglow Technologies Inc., Mightex Systems, Neuralink Corporation, Kernel Corporation, BrainCo Inc., MindMaze Inc., Paradromics Inc., NeuroPro Inc., NeuroSky Inc., EMOTIV Inc., Cercare Medical A/S, Plexon Inc., Noldus Information Technology bv, Neuralynx Inc., Vigil Neuroscience

North America was the largest region in the neuroscience market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neuroscience market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the neuroscience market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The neuroscience market consists of the revenues earned by consulting services, installation services, and maintenance services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12901

1. Executive Summary

2. Neuroscience Market Characteristics

3. Neuroscience Market Trends And Strategies

4. Neuroscience Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Neuroscience Market Size and Growth

5.1. Global Neuroscience Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Neuroscience Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Neuroscience Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Neuroscience Market Segmentation

6.1. Global Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Neuro-Microscopy
Electrophysiology Technologies
Neuro-Cellular Manipulation
Whole Brain Imaging
Other Types
6.2. Global Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Instruments And Consumables
Software And Services
6.3. Global Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hospitals
Diagnostic Labs
Research And Academic Institutes

7. Neuroscience Market Regional And Country Analysis

7.1. Global Neuroscience Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Neuroscience Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Neuroscience Market

8.1. Asia-Pacific Neuroscience Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Neuroscience Market

9.1. China Neuroscience Market Overview
9.2. China Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Neuroscience Market

10.1. India Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Neuroscience Market

11.1. Japan Neuroscience Market Overview
11.2. Japan Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Neuroscience Market

12.1. Australia Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Neuroscience Market

13.1. Indonesia Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Neuroscience Market

14.1. South Korea Neuroscience Market Overview
14.2. South Korea Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Neuroscience Market

15.1. Western Europe Neuroscience Market Overview
15.2. Western Europe Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Neuroscience Market

16.1. UK Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Neuroscience Market

17.1. Germany Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Neuroscience Market

18.1. France Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Neuroscience Market

19.1. Italy Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Neuroscience Market

20.1. Spain Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Neuroscience Market

21.1. Eastern Europe Neuroscience Market Overview
21.2. Eastern Europe Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Neuroscience Market

22.1. Russia Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Neuroscience Market

23.1. North America Neuroscience Market Overview
23.2. North America Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Neuroscience Market

24.1. USA Neuroscience Market Overview
24.2. USA Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Neuroscience Market

25.1. Canada Neuroscience Market Overview
25.2. Canada Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Neuroscience Market

26.1. South America Neuroscience Market Overview
26.2. South America Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Neuroscience Market

27.1. Brazil Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Neuroscience Market

28.1. Middle East Neuroscience Market Overview
28.2. Middle East Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Neuroscience Market

29.1. Africa Neuroscience Market Overview
29.2. Africa Neuroscience Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Neuroscience Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Neuroscience Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Neuroscience Market Competitive Landscape And Company Profiles

30.1. Neuroscience Market Competitive Landscape
30.2. Neuroscience Market Company Profiles
- 30.2.1. Alpha Omega Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. General Electric Company
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Siemens Healthineers AG
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. NeuroNexus Technologies Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Doric Lenses Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Neuroscience Market Competitive Benchmarking

32. Global Neuroscience Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Neuroscience Market

34. Neuroscience Market Future Outlook and Potential Analysis

34.1 Neuroscience Market In 2028 - Countries Offering Most New Opportunities
34.2 Neuroscience Market In 2028 - Segments Offering Most New Opportunities
34.3 Neuroscience Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer