MARKET OVERVIEW
Neuroscience is the study of the nervous system from structure to function, development to degeneration, health, and in disease. Humans have an estimated hundred billion neurons, or brain cells, each with about a thousand connections to other cells. One of the greatest challenges of modern neuroscience is to map out the network of cell-to-cell communication-the brain circuits to process all thoughts, feelings, and behaviour. The neuroscience market is a rapidly growing field that involve a wide range of products and services intended to study and understand the brain and nervous system. Additionally, the market includes diagnostic products such as diagnostic tools, imaging equipment, and surgical instruments, as well as services such as consulting and research. The market is caused by technological advancements, increased funding for neuroscience research, and a growing understanding of the brain and its disorders. Some of the key trends in the neuroscience market include developing new brain imaging technologies and using big data and artificial intelligence in neuroscience research.
MARKET DYNAMICS
The neuroscience market is anticipated to grow with a significant rate in the coming years, owing to factors such as rising government spending on healthcare infrastructure in developed regions, increasing geriatric population and rising technological advancements. However, the neuroscience-based initiatives by government bodies is anticipated to offer more growth opportunities for the players operating in the neuroscience market.
MARKET SCOPE
The "Global Neuroscience Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a focus on the global market trend. The report aims to provide an overview of global market with detailed market segmentation by component, end user, and geography. The global neuroscience market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading neuroscience market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global neuroscience market is segmented based on component and end user. Based on component, the neuroscience market is bifurcated into instrument and software & services. The instrument segment is further categorized into MRI imaging systems and neuro-microscopy. Based on end user, the neuroscience market is categorized as, hospitals, diagnostics laboratories, and research institutes & academic institutes.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global neuroscience market based on component, and end user. It also provides market size and forecast till 2028 for overall market with respect to five major regions involving North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The neuroscience market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.
North America is expected to contribute to the largest share in the neuroscience market in the coming years. This is mainly due to rising focus on the development of new products and the rising awareness regarding to the benefits of advanced neuroscience devices in the region. However, Asia Pacific is expected to witness significant growth in the market during the forecast period owing to growing government spending on the healthcare infrastructure and rising spending on the research and development activities in the region. The report analyzes factors affecting neuroscience market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the neuroscience market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global neuroscience market based on component, and end user. It also provides market size and forecast till 2028 for overall market with respect to five major regions involving North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The neuroscience market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.
North America is expected to contribute to the largest share in the neuroscience market in the coming years. This is mainly due to rising focus on the development of new products and the rising awareness regarding to the benefits of advanced neuroscience devices in the region. However, Asia Pacific is expected to witness significant growth in the market during the forecast period owing to growing government spending on the healthcare infrastructure and rising spending on the research and development activities in the region. The report analyzes factors affecting neuroscience market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the neuroscience market in these regions.
MARKET PLAYERS
The report also includes the profiles of key neuroscience companies along with their SWOT analysis and market strategies. Additionally, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years. Some of the key players operating in the neuroscience market involve, General Electric Company, Siemens AG, Mediso Ltd., Laserglow Technologies, Mightex Systems, Prizmatix, Noldus Information Technology, NeuroNexus, Scientifica, Femtonics Ltd., and among others.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Table of Contents
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Neuroscience Market- By Component
1.3.2. Neuroscience Market- By End User
1.3.3. Neuroscience Market- By Region
1.3.3.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NEUROSCIENCE MARKET LANDSCAPE
4.1. MARKET OVERVIEW
4.2. PEST ANALYSIS
4.2.1. North America - PEST Analysis
4.2.2. Europe - PEST Analysis
4.2.3. Asia Pacific - PEST Analysis
4.2.4. Middle East & Africa - PEST Analysis
4.2.5. South and Central America - PEST Analysis
5. NEUROSCIENCE MARKET- KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. NEUROSCIENCE MARKET- GLOBAL ANALYSIS
6.1. NEUROSCIENCE MARKET - GLOBAL MARKET OVERVIEW
6.2. NEUROSCIENCE MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. NEUROSCIENCE MARKET REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. INSTRUMENT MARKET
7.3.1. Overview
7.3.2. Instrument Market Forecast and Analysis (US$ Mn)
7.3.3. MRI Imaging Systems Market
7.3.3.1. Overview
7.3.3.2. MRI Imaging Systems Market Forecast and Analysis (US$ Mn)
7.3.4. Neuro-Microscopy Market
7.3.4.1. Overview
7.3.4.2. Neuro-Microscopy Market Forecast and Analysis (US$ Mn)
7.4. SOFTWARE MARKET
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis (US$ Mn)
7.5. SERVICES MARKET
7.5.1. Overview
7.5.2. Services Market Forecast and Analysis (US$ Mn)
8. NEUROSCIENCE MARKET REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS MARKET
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis (US$ Mn)
8.4. DIAGNOSTICS LABORATORIES MARKET
8.4.1. Overview
8.4.2. Diagnostics Laboratories Market Forecast and Analysis (US$ Mn)
8.5. RESEARCH INSTITUTES MARKET
8.5.1. Overview
8.5.2. Research Institutes Market Forecast and Analysis (US$ Mn)
8.6. ACADEMIC INSTITUTES MARKET
8.6.1. Overview
8.6.2. Academic Institutes Market Forecast and Analysis (US$ Mn)
9. NEUROSCIENCE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA NEUROSCIENCE MARKET
9.1.1. North America Neuroscience Market Forecasts and Analysis (US$ Mn)
9.1.2. North America Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.1.2.1. North America Instrument Market Forecasts and Analysis - By Type (US$ Mn)
9.1.3. North America Neuroscience Market Forecasts and Analysis - By End User (US$ Mn)
9.1.4. North America Neuroscience Market Forecasts and Analysis - By Country
9.1.5. US Market Overview
9.1.5.1. US Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.1.5.1.1. US Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.1.5.2. US Neuroscience Market by Forecasts and Analysis - End User (US$ Mn)
9.1.6. Canada Market Overview
9.1.6.1. Canada Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.1.6.1.1. Canada Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.1.6.2. Canada Neuroscience Market by Forecasts and Analysis - End User (US$ Mn)
9.1.7. Mexico Market Overview
9.1.7.1. Mexico Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.1.7.1.1. Mexico Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.1.7.2. Mexico Neuroscience Market by Forecasts and Analysis - End User (US$ Mn)
9.2. EUROPE NEUROSCIENCE MARKET
9.2.1. Europe Neuroscience Market Forecasts and Analysis (US$ Mn)
9.2.2. Europe Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.2.2.1. Europe Instrument Market Forecasts and Analysis - By Type (US$ Mn)
9.2.3. Europe Neuroscience Market Forecasts and Analysis - By End User (US$ Mn)
9.2.4. Europe Neuroscience Market Forecasts and Analysis - By Country
9.2.5. UK Market Overview
9.2.5.1. UK Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.2.5.1.1. UK Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.2.5.2. UK Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
9.2.6. Germany Market Overview
9.2.6.1. Germany Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.2.6.1.1. Germany Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.2.6.2. Germany Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
9.2.7. France Market Overview
9.2.7.1. France Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.2.7.1.1. France Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.2.7.2. France Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
9.3. ASIA PACIFIC NEUROSCIENCE MARKET
9.3.1. Asia Pacific Neuroscience Market Forecasts and Analysis (US$ Mn)
9.3.2. Asia Pacific Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.3.2.1. Asia Pacific Instrument Market Forecasts and Analysis - By Type (US$ Mn)
9.3.3. Asia Pacific Neuroscience Market Forecasts and Analysis - By End User (US$ Mn)
9.3.4. Asia Pacific Neuroscience Market Forecasts and Analysis - By Country
9.3.5. Japan Market Overview
9.3.5.1. Japan Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.3.5.1.1. Japan Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.3.5.2. Japan Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
9.3.6. India Market Overview
9.3.6.1. India Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.3.6.1.1. India Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.3.6.2. India Neuroscience Market by Forecasts and Analysis - End User (US$ Mn)
9.3.7. China Market Overview
9.3.7.1. China Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.3.7.1.1. China Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.3.7.2. China Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
9.4. MIDDLE EAST & AFRICA (MEA) NEUROSCIENCE MARKET
9.4.1. Middle East & Africa (MEA) Neuroscience Market Forecasts and Analysis (US$ Mn)
9.4.2. Middle East & Africa (MEA) Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.4.2.1. Middle East & Africa (MEA) Instrument Market Forecasts and Analysis - By Type (US$ Mn)
9.4.3. Middle East & Africa (MEA) Neuroscience Market Forecasts and Analysis - By End User (US$ Mn)
9.4.4. Middle East & Africa (MEA) Neuroscience Market Forecasts and Analysis - By Country
9.4.5. South Africa Market Overview
9.4.5.1. South Africa Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.4.5.1.1. South Africa Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.4.5.2. South Africa Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
9.4.6. Saudi Arabia Market Overview
9.4.6.1. Saudi Arabia Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.4.6.1.1. Saudi Arabia Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.4.6.2. Saudi Arabia Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
9.4.7. UAE Market Overview
9.4.7.1. UAE Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.4.7.1.1. UAE Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.4.7.2. UAE Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
9.5. SOUTH AND CENTRAL AMERICA NEUROSCIENCE MARKET
9.5.1. South and Central America Neuroscience Market Forecasts and Analysis (US$ Mn)
9.5.2. South and Central America Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.5.2.1. South and Central America Instrument Market Forecasts and Analysis - By Type (US$ Mn)
9.5.3. South and Central America Neuroscience Market Forecasts and Analysis - By End User (US$ Mn)
9.5.4. South and Central America Neuroscience Market Forecasts and Analysis - By Country
9.5.5. Brazil Market Overview
9.5.5.1. Brazil Neuroscience Market Forecasts and Analysis - By Component (US$ Mn)
9.5.5.1.1. Brazil Manual Neuroscience Market Forecasts and Analysis - By Type (US$ Mn)
9.5.5.2. Brazil Neuroscience Market by Forecasts and Analysis - By End User (US$ Mn)
10. INDUSTRY LANDSCAPE
10.1. ORGANIC GROWTH STRATEGIES
10.1.1. New Product Launches
10.1.2. Marketing & Promotional Activities
10.2. INORGANIC GROWTH STRATEGIES
10.2.1. Partnerships, Collaborations, and Joint Ventures
10.2.2. Mergers & Acquisitions
11. NEUROSCIENCE MARKET, KEY COMPANY PROFILES
11.1. GENERAL ELECTRIC COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. SIEMENS AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MEDISO LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LASERGLOW TECHNOLOGIES
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MIGHTEX SYSTEMS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PRIZMATIX
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NOLDUS INFORMATION TECHNOLOGY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NEURONEXUS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SCIENTIFICA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. FEMTONICS LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. General Electric Company
2. Siemens AG
3. Mediso Ltd.
4. Laserglow Technologies
5. Mightex Systems
6. Prizmatix
7. Noldus Information Technology
8. NeuroNexus
9. Scientifica
10. Femtonics Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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