Global Neurological Disorder Diagnostics Market, by Technology (Imaging, and In Vitro Diagnostics), by Disease Indication (Genetic Neurological Disorders, Immunological Neurological Disorders, Paraneoplastic Syndrome, Paraproteinemic Neuropathies, and Others), by End User (Hospitals & Clinics, Diagnostic Centers, and Ambulatory Care Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is expected to be valued at US$ 12,162.6 million in 2019 and is expected to exhibit a CAGR of 7.6% over the forecast period (2019–2027).
Research and development of novel diagnostic technology is expected to drive growth of the global neurological disorder diagnostics market over the forecast period. For instance, in 2017, researchers from Assistance Publique – Hôpitaux de Paris (AP-HP) collaborated with researchers from ICM (Institut du Cerveau et de la Moelle Epinière) paris, brain and spinal institute and Metafora Biosystems to develop a diagnostic blood test for De Vivo disease, a rare neurological illness. Development of such novel methods is expected to create lucrative environment for growth of the in-vitro diagnostics segment. Moreover, key players in the market are focusing on launching diagnostic tools integrated with artificial intelligence, in order to gain a strong foothold in the market. These factors are expected to create lucrative opportunities for players to offer advance diagnostic tools. For instance, in 2017, Samsung NeuroLogica Corporation, the healthcare subsidiary of Samsung Electronics Co., Ltd. collaborated with MedyMatch Technology, Ltd. to integrate artificial intelligence (AI) clinical decision support technology developed by MedyMatch Technology in its computed tomography (CT) and other imaging equipment. Moreover, in 2017, China's Beijing Tiantan Hospital collaborated with Singapore-based artificial intelligence start-up, Hanalytics, to establish an AI research center for neurology. The Hanalytics will work on their ongoing projects, which include biopsy research.
Browse 36 Market Data Tables and 30 Figures spread through 237 Pages and in-depth TOC on “Neurological Disorder Diagnostics Market” Global Forecast to 2027, by Technology (Imaging, and In Vitro Diagnostics), by Disease Indication (Genetic Neurological Disorders, Immunological Neurological Disorders, Paraneoplastic Syndrome, Paraproteinemic Neuropathies, and Others), by End User (Hospitals & Clinics, Diagnostic Centers, and Ambulatory Care Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Market players are focused on development of novel products for diagnosis of neurological disorders, which is expected to drive growth of the market over the forecast period. For instance, in March 2018, Oxford BioDynamics Plc. presented clinical trial data of its novel EpiSwitch test to diagnose Amyotrophic Lateral Sclerosis (ALS), a genetic neurological disorder. EpiSwitch is a non-invasive test to diagnose ALS that could yield results within a day. Moreover, in January 2018, PerkinElmer, Inc. launched a new in-vitro diagnostic (IVD) kit for screening of a genetic neurological disorder, Duchenne Muscular Dystrophy (DMD).
Key Takeaways of the Global Neurological Disorder Diagnostics Market:
Companies operating in the global neurological disorder diagnostics market include Siemens Healthineers, Koninklijke Philips N.V., General Electric Company, Esaote SpA, NeuroLogica Corporation, Masimo Corporation, York Instruments Ltd., Neusoft Medical Systems, and Canon Medical Systems Corporation.
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