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[196+ Pages Report] The latest “Global Neuroscience Market” report published by Facts & Factors encompasses the spectacle of the market in an analytical and comprehensive manner. We at facts and factors estimate that the global neuroscience market will be valued to be USD 36.5 Billion by 2026 from an initial value of USD 31.2 Billion in the year 2020 growing at a CAGR value of 3.7%.
Neuroscience or neurobiology is the scientific branch of the studying and observation of the central nervous system of the human anatomy. It is a multidisciplinary science combining physiology, anatomy, molecular biology, developmental biology, cytology, computer science, and mathematical modeling in order to understand the chemical and physical properties of neurons and neural circuits. These observations are fairly pertinent for the biological basis of learning, memory, behavior, and consciousness factors that are in compliance with the biological sciences.
The significant growth for the global neuroscience market is expected to be driven by the rising number of brain mapping research and investigation projects coupled with the rising incentives by various government bodies on a global scale to name a few. Additionally, an increasing number of technological advancements owing to tools and algorithms that are implemented in the neuroscience space coupled with the rising adoption of neuroscience applications are expected to increase the global neuroscience market during the forecast period. Factors pertaining to the increasing number of research and development centers coupled with increasing innovative solutions undertaken by the healthcare community for brain-related studies are expected to boost the global neuroscience market during the forecast period.
The global neuroscience market is expected to be driven by the continuous production of novel products by the key market participants in the market coupled with accelerated behavior in research studies to name a few. Additionally, the increasing geriatric population’s susceptibility to schizophrenia, Alzheimer’s, and Parkinson's is expected to fuel the growth of the global neuroscience market during the forecast duration. However, rising technical complexities coupled with rising implementation cost is expected to hamper the growth of the global neuroscience market during the forecast duration.
The global neuroscience market is segmented into technology, component, and region.
The global neuroscience market is divided into whole-brain imaging, neuro-microscopy, electrophysiology, neurofunctional visualization, neuro-proteomic analysis, neuro-cellular manipulation, neuro biochemical assays, stereotaxic surgeries, and animal behavior analysis on the basis of technology. The segment pertaining to whole-brain imaging is expected to witness the largest market share during the advent of the forecast owing to the rising number of applications in neuroscience-based research aimed at brain imaging techniques coupled with the rising number of neural networks integration for cognitive processes associated with understanding disease pathways and early disease diagnosis measures to name a few. Additionally, the dominant market position of the latter can be attributed to the shifting trends toward rising accuracy of imaging being provided by neuron stimulation from optogenetics. The global neuroscience market is divided into instrumentation, data analytics, and consumables on the basis of components. The instrumentation segment is expected to occupy the largest market share during the advent of the forecast owing to rising functionality in terms of optogenetics instruments, electrophysiology instruments, microscopy instruments, and MRI instruments coupled with rising usage of the latter for early prognosis of severe neuroscience disorders to name a few.
|Market Size in 2020||USD 31.2 Billion|
|Projected Market Size in 2026||USD 36.5 Billion|
|CAGR Growth Rate||3.7% CAGR|
|Key Market Players||Doric Lenses, Inc., GE Healthcare, Siemens Healthineers, Laserglow Technologies, Mightex System, and Others|
|Key Segments||Technology, Component, and Region|
|Major Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
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North America is expected to witness the largest market share during the advent of the forecast owing to the rising number of neuroscience-based research in the region coupled with the rising number of government-funded investments to name a few. Additionally, well-established healthcare infrastructure coupled with the rising number of neurological related disorders is expected to increase the footprint of the neuroscience market during the forecast period. Moreover, a rising number of organizations, universities, and institutes associated with neuroscience is expected to boost the neuroscience market during the forecast duration. The neuroscience market is expected to be driven by factors pertaining to accelerated development of new products and rising number of mergers and acquisitions among the key market participants to name a few.
The key market participants for the global neuroscience market are Doric Lenses, Inc., GE Healthcare, Siemens Healthineers, Laserglow Technologies, Mightex Systems, Prizmatix, Kendall Research Systems LLC, Noldus Information Technology, Med Associates, Inc., Phoenix Technology Group, NeuroNexus, Multi-Channel Systems MCS, Alpha Omega, Intan Technologies LLC, and LaVision BioTec GmbH, among others.
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