Neuroscience Market Size, Share, Industry Trends Report, 2023-2028

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The rising need for personalized approaches to treat neurological conditions, significant advancements in the field of neuroscience and neuro-technology, and ongoing research and development (R&D) projects are strengthening the growth of the market.

IMARC Group, a leading market research company, has recently releases report titled “Neuroscience Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global neuroscience market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Neuroscience is the scientific study of the nervous system, which includes the brain, spinal cord, and neural networks throughout the body. It seeks to understand the biological mechanisms that underlie behavior, cognition, emotion, perception, and other mental and physical processes. It helps neurologists understand sevral factors that can assist in the development of medications and strategies to treat and prevent numerous neurological disorders.

The global neuroscience market size reached US$ 33.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.

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What are the growth prospects and trends in the neuroscience industry?

The increasing awareness about mental health issues represents one of the primary factors driving the demand for neuroscience research to better understand and treat conditions like depression, anxiety, and schizophrenia around the world.

Moreover, the surging prevalence of neurological disorders, such as epilepsy and multiple sclerosis and the rising incidence of neurodegenerative diseases like Alzheimer's and Parkinson's, is favoring the growth of the market. In addition, the growing number of collaborations among researchers and institutions worldwide is catalyzing the collective advancement of neuroscience. Apart from this, the increasing investment by the pharmaceutical companies to develop new drugs for neurological and psychiatric disorders is contributing to the market growth.

Furthermore, the rising need for personalized approaches to treat neurological conditions, significant advancements in the field of neuroscience and neuro-technology, and ongoing research and development (R&D) projects are strengthening the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

  • Instruments and Consumables
  • Software and Services

Breakup by Technology:

  • Brain Imaging
  • Neuro-Microscopy
  • Electrophysiology
  • Neuroproteomic Analysis
  • Animal Behaviour Analysis
  • Others

Breakup by End User:

  • Hospitals
  • Diagnostic Laboratories
  • Research and Academic Institutes
  • Others

Breakup 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

Who are the key players operating in the industry?

The report covers the major market players including:

Alpha Omega Engineering, Biobserve GmbH, Blackrock Neurotech, Doric Lenses Inc., General Electric Company, Kernel, Laserglow Technologies, Mightex Systems, NeuroNexus Technologies Inc., Noldus Information Technology B.V., Plexon Inc., Prizmatix Ltd. and Siemens AG.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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