Global neuroscience industry
demand was worth USD 24.09 Billion in 2013 and is anticipated to reach above
USD 30.80 billion by 2020. Rising investment in R&D resulting in the
development of numerous products in the neuroinformatics coupled with adequate
funding from the government are key factors that drive growth in this market.
Neuro-informatics involve
designing and developing efficient tools and algorithms that can augment the
performance of structural and functional mapping. Global Neuroscience market is
expected to grow at CAGR of 2.9% over the next seven years.
Increasing occurrence of
malicious disorders including Parkinsonism and Alzheimer’s disease together
with other inherited CNS disorders has resulted in increased necessity for new
improvements in neuroscience industry. The market is expected to experience
growth over the forecast period on account of growing demand in laboratories
and academic centers. The market players aim at introducing unique technologies
with the ability to obtain insights to understand better the compound nervous
functionalities and neural manipulations. Furthermore, increasing aggregate
geriatric population every year is anticipated to drive significantly the demand
owing to a growing need for better treatment and medication.
In depth research report on Neuroscience Market
Rising demand for imaging
machines & microscopic devices and intraneural imaging tools for
visualization of intra-neural links is also foreseen to serve as a growth
driver for this industry over the forecast period. In 2013, electrophysiology
technology, whole brain imaging and neuro-microscopy equipment intended for
neuroscience research collectively formed the chief revenue producing units
owing to rapid advancements in these techniques that allow brain imaging with
single cell resolution PET, MRI, and other advanced microscopes are expected to
witness substantial growth due to expected developments in near future.
Neuro-cellular manipulation and
neuro-proteomic analysis are estimated to record fastest growth rate of over
3.5% owing to improvements regarding disease etiology over the forecast period.
Instrumentation of technology modules for Neuroscience market accounted for the
largest share of the market in terms of revenue as a result of highly priced
instruments used in neuro-analytical testing. Also, data analysis and software
implements are predicted to observe a significant growth in the next seven
years on account of efficient data tracking algorithms and methodologies.
In 2013, North America emerged
as the largest regional market contributing to over 40.0% of the overall
revenue owing to extensive ongoing research projects assisted by government
universities. Furthermore, the surge in the incidence of CNS-related disorders
in the regional population is expected to propel growth in the next seven
years.
The Asia Pacific industry for
neuroscience is estimated to grow at a CAGR of nearly 3.0% over the forecast
period to reach a revenue over USD 8.00 billion by 2020. The increase in
patient awareness coupled with the presence of unmet medical needs on nervous
system syndromes is expected to drive market growth. In addition to increasing
healthcare expenses in emerging markets of China and India are anticipated to
propel growth in demand.
Key companies include Sutter
Instrument Corporation, Trifoil Imaging Inc., Newport Corporation, Femtonics
Ltd., Neurotar Ltd., Scientifica Ltd, Intan Technologies,
AxionBiosystemsNeuralynxInc, Blackrock Microsystems LLC, Thomas Recording GmbH,
LaVisionBiotec GmbH, PlexonInc, Mediso Medical Imaging Systems, NeuroNexus
Technologies and Alpha Omega.
The market is characterized by
intense competition on account of growing number of firms and extensive
R&D. Companies in the market emphasize on new developments using advanced
technology to differentiate and trace neural mechanisms.
Grand View Research has
segmented neuroscience market on the basis of technology, technology
components, and region:
Neuroscience Technology Outlook (Revenue, USD Million,
2012 - 2020)
·
Whole Brain Imaging
·
Structural imaging
·
Functional imaging
·
Neuro-microscopy
Electrophysiology
·
Fluorescence neuromicroscopy
·
Confocal
·
Two-photon
·
Epifluorescent
·
TIRF
·
Electron neuromicroscopy
·
Scanning electron
·
Electron tomography
·
Transmission electron
·
Light neuromicroscopy
·
Neuro-functional Analysis
·
Neuro-proteomic analysis
·
Neuro-cellular manipulation
·
Neuro-biochemical assays
·
Stereotaxic surgeries
·
Neural activity implants
·
Long-term access implants
·
Neurochemistry
·
Animal behavior
·
Non-human primates
·
Rodent related
·
Optogenetics actuators
·
Optogenetics sensors
·
Drosophila related
·
C.elegans related
Neuroscience Technology Component Outlook (Revenue, USD
Million, 2012 - 2020)
·
Instrumentation
·
Data analysis and services
·
Consumables
Neuroscience Regional Outlook (Revenue in USD Million,
2012 - 2020 )
·
North America
·
Europe
·
Asia Pacific
·
RoW
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