Neuroscience Market – by Component (Instrument, Software, and Services), by End User (Hospital, Diagnostic Laboratories, Research Institutes, and Academic Institutes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share and Growth Analysis 2018-2026

  • Published On : Feb 2019 |
  • Pages : 165 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Neuroscience Market – Novel Approach for Neurological Disorders

Neuroscience involves use of various methods to measure and image the brain activity. Neuroscience is umbrella term focusing on molecular, cellular, developmental, structural, functional, evolutionary, computing, psychosocial, and medical aspects of the nervous system. Research in neuroscience is constantly evolving based on biology, pharmaceutical science, medicine, cognitive science, and biomedical engineering. Neuroscience-based devices help in collecting valuable information regarding activities in brain and can be used in various areas such as better understanding of pathophysiology and symptoms of various chronic neurological diseases such as epilepsy, Alzheimer’s disease and other dementias; cerebrovascular diseases including stroke, migraine, and other headache disorders, multiple sclerosis, Parkinson's disease, neuro-infections, brain tumors; and traumatic disorders of the nervous system due to head trauma.

These devices consist of different instruments that are required for neuroscience-based experiments. Various types of electrophysiology instruments and imaging instruments are utilized to map the brain and examine the brain activity.

The global neuroscience market size was valued at US$ 26,593 million in 2017, and is expected to witness a CAGR of 3.9% over the forecast period (2018 – 2026).

Figure 1. Global Neuroscience Market Value (US$ Mn), by Region, 2017

Neuroscience  | Coherent Market Insights

Source – Coherent Market Insights, 2018-19

Increasing burden of neurological diseases worldwide is expected to be a major factor accelerating the growth of the global neuroscience market

Increasing prevalence of various chronic neurological diseases worldwide is expected to be a major driver for growth of the global neuroscience market. This is owing to high unmet medical need in terms of timely diagnosis and effective treatment of neurological diseases. This in turn requires better understanding of pathophysiology of the diseases and improvement in knowledge about functioning of nervous system, which is expected to boost demand for neuroscience devices.

According to World Alzheimer Report in 2016, around 46.5 million people suffered from Alzheimer’s disease and the number was expected to reach 50 million by 2017, with a frequency of one new patient of Alzheimer’s disease every there seconds worldwide.

According to World Health Organization (WHO) 2016 report, around 6 million deaths occur due to stroke, annually and over 80% of these deaths take place in low- and middle-income countries. Moreover, over 50 million people suffer from epilepsy and 47.5 million people from dementia, with 7.7 million new cases, annually worldwide.

Figure 2. Global Neuroscience Market, Market Segmentation, 2017

Neuroscience  | Coherent Market Insights

Source – Primary, Secondary Analysis by Coherent Market Insights

However, product recalls by key players is expected to hinder the market growth. For instance, in 2017, Codman announced voluntary recall of CERTAS programmable valve in stock at hospitals and medical facilities based on a very small percentage of possible cases where the valve setting could change after an MRI procedure, or a problem could arise when trying to use the hand-held programming tool.

Increasing product launch and government funding for neuroscience research is expected to propel the neuroscience market growth

Key players in the market are focused on launching new instruments and software components, which address current research needs for neuroscience. This in turn is expected to boost the market growth. For instance, in 2015, Blackrock Microsystems LLC showcased new digital, wireless brain-interface titled — CerePlex W – at Society for Neuroscience Conference (SfN), Washington, U.S.

Furthermore, increasing government funding for research in the field of neuroscience is also expected to propel the market growth. For instance, in 2013, the U.S. government announced the BRAIN initiative (Brain Research through Advancing Innovative Neurotechnologies), which has the mandate of developing a host of tools to study brain activity.

Moreover, increasing research and development towards understanding neural activity and its application in improving quality of life for patients is also expected to boost the market growth. For instance, in 2017, a team of researchers at Case Western Reserve University successfully regained control of one of patients’ right arm, which was paralyzed from the shoulders down after a cycling accident. This research utilized Blackrock’s Utah Array as a component of an investigational brain-computer interface (an instrument).

Key players operating in the global neuroscience market include, Alpha Omega, Inc., GE Healthcare, Axion Biosystems, Inc., Siemens Healthineers, Scientifica Ltd., Blackrock Microsystems LLC, Femtonics Ltd., LaVision Biotec GmbH, Intan Technologies, NeuroNexus Technologies, Inc., Newport Corporation, Neuralynx Inc., Plexon Inc., Mediso Medical Imaging Systems, Noldus Information Technology, Sutter Instrument Corporation, Thomas Recording GmbH, and Trifoil Imaging Inc.

Neuroscience is the study of structure and function of nervous system which covers activities such as measurement and imaging of the brain activity. Neuroscience is widely used for better understanding of pathophysiology and symptoms for chronic neurological disease such as epilepsy, Alzheimer disease and other dementias. Various hardware components such as CT scan, magnetic resonance imaging (MRI), microscopes, and recording and stimulation solutions are used to perform various research activity that include, investigating neural activity, disease modeling, safety and toxicity studies, and drug discovery.

Market Dynamics

High prevalence of chronic neurological diseases leads to increasing research activities in the field of neuroscience, which in turn is expected to boost growth of the neuroscience market. For instance, according to the Centers for Disease Control and Prevention’s (CDC) factsheet in 2018, on an average, every 40 seconds someone in the U.S. has a stroke. According to CDC’s factsheet in 2018, the annual cost of stroke-related treatment is around US$ 34 billion in the U.S., which includes cost of healthcare services, medicine, and human capital cost. Similarly, The European Union incurs costs of US$ 51.4 billion, annually due to stroke and around 50% of the costs include follow up care cost and potential human capital loss to economy.

Key features of the study:

  • This report provides in-depth analysis of the global neuroscience market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, pipeline analysis, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global neuroscience market based on the following parameters – company overview, financial performance, market presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include, Alpha Omega, Inc.,  GE Healthcare, Axion Biosystems, Inc., Siemens Healthineers, Blackrock Microsystems LLC, Femtonics Ltd., Intan Technologies, LaVision Biotec GmbH, Mediso Medical Imaging Systems, Neuralynx Inc., NeuroNexus Technologies, Inc., Newport Corporation, Plexon Inc., Noldus Information Technology, Scientifica Ltd., Sutter Instrument Corporation, Thomas Recording GmbH, and Trifoil Imaging Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product up-gradation, market expansion, and marketing tactics
  • The global neuroscience market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the neuroscience market

Detailed Segmentation:

  • Global Neuroscience Market, By Component:
    • Instrument
    • Software
    • Services
  • Global Neuroscience Market, By End User:
    • Hospitals
    • Diagnostic Laboratories
    • Research Institutes
    • Academic Institutes
  •  Global Neuroscience Market, By Geography:
    • North America
      • By Component
        • Instrument
        • Software
        • Services
      • By End User
        • Hospital
        • Diagnostic Laboratories
        • Research Institutes
        • Academic Institutes
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Component
        • Instrument
        • Software
        • Services
      • By End User
        • Hospital
        • Diagnostic Laboratories
        • Research Institutes
        • Academic Institutes
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Component
        • Instrument
        • Software
        • Services
      • By End User
        • Hospital
        • Diagnostic Laboratories
        • Research Institutes
        • Academic Institutes
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Component
        • Instrument
        • Software
        • Services
      • By End User
        • Hospital
        • Diagnostic Laboratories
        • Research Institutes
        • Academic Institutes
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Component
        • Instrument
        • Software
        • Services
      • By End User
        • Hospital
        • Diagnostic Laboratories
        • Research Institutes
        • Academic Institutes
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Component
        • Instrument
        • Software
        • Services
      • By End User
        • Hospital
        • Diagnostic Laboratories
        • Research Institutes
        • Academic Institutes
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company
    • Alpha Omega, Inc.*
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Market Strategies
    • GE Healthcare
    • Axion Biosystems, Inc.
    • Siemens Healthineers
    • Blackrock Microsystems LLC
    • Femtonics Ltd.
    • Intan Technologies
    • LaVision Biotec GmbH
    • Mediso Medical Imaging Systems
    • Neuralynx Inc
    • NeuroNexus Technologies, Inc.
    • Newport Corporation
    • Plexon Inc.
    • Scientifica Ltd.
    • Sutter Instrument Corporation

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Component
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Pipeline Analysis
    • Mergers, Acquisitions, and Collaborations
    • New Product Launches
    • Mergers and Acquisitions
    • Technological Developments
    • Regulatory Scenario
    • PEST Analysis
    • Epidemiological Data
  4. Global Neuroscience Market, By Component, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2025 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Instrument
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Software
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Services
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  5. Global Neuroscience Market, By End User, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2025 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Diagnostic Laboratories
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Research Institutes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Academic Institutes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  6. Global Neuroscience Market, By Region, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017 – 2026
    • North America
      • Market Size and Forecast, By Component, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Component, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Component, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Germany
        • U.K.
        • France        
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Component, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Component, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Component, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • South Africa
        • Central Africa
        • North Africa
  7. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • GE Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Axion Biosystems, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Siemens Healthineers
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Blackrock Microsystems LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Intan Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • LaVision Biotec GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Mediso Medical Imaging Systems
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Neuralynx Inc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • NeuroNexus Technologies, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • NeuroNexus Technologies, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Newport Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Plexon Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Scientifica Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sutter Instrument Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 23 market data tables and 26 figures on "Neuroscience Market - Global forecast to 2026”.

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.