With healthy CAGR of 6.4%, the global neuroscience market is likely to grow from
US$ 301.6 Mn in 2016 to US$ 520.8 Mn by 2025 end. This growth is mainly fuelled
by advancement in neuroimaging and increasing R & D in neuroinformatics.
“Neuroscience Market: Global Industry Analysis (2012-2016) and Forecast (20172025),” is the new publication of Persistence Market Research that focuses on merger
and acquisition, strategic collaborations and technology, and technology transfer
agreements, which play a vital role in the global neuroscience market. North America
and Europe are expected to dominate the global neuroscience market in the assessed
period of 8-years that is between 2017 and 2025.
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On the basis of component type, the global neuroscience market is segmented into
instrument, software and services. Instrument segmented is sub-segmented into MRI
imaging systems and neuromicroscopy, while services segmented divided into
consulting services, installation services and maintenance services. Instrument
segment dominated the global neuroscience market in revenue terms in 2016 and is
projected to continue to do so throughout the forecast period. Instrument segment is
the most attractive segment, with attractiveness index of 2.6 over the forecast period.
Instrument segment was valued at US$ 221.6 Mn in 2016 and is projected to be
valued at US$ 408.1 Mn in 2025 growing at a CAGR of 7.2% during the forecast
period. This segment is expected to accounts for high revenue contribution to the
global neuroscience market as compared to software and services segments over the
forecast period.
Software segment is expected to be the second most lucrative segment in the global
neuroscience market, with attractiveness index of 0.3 during the forecast period. This
segment was accounted for 15.4% value share in 2017 which is expected to drop
down to 12.9 % revenue share in 2025.
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On the basis of end user, global neuroscience market is segmented into hospitals,
diagnostic laboratories, research institutes, and academic institutes. Diagnostics
laboratory segment is expected to be the second most lucrative segment in the global
neuroscience market by 2025 end. However, in terms of CAGR and revenue share,
hospitals segment is expected to lead he market throughout the estimated period. In
2025, hospital segment is likely to grab 40.2% market share in 2025, expanding at a
robust CAGR of 7.3% during the estimated period. Research institutes segment is
expected to be the least attractive segment in the global neuroscience market, with
attractiveness index of 0.7 during the forecast period.
On the basis of region, global neuroscience market is segmented into North America,
Latin America, Europe, APAC and MEA. North America dominated the global
neuroscience market in revenue terms in 2016 and is projected to continue to do so
throughout the forecast period. North America is projected to be the most attractive
market with attractiveness index of 2.3 during the forecast period. Europe is expected
to be the second most lucrative market, with attractiveness index of 1.1 respectively
during the forecast period. Europe Neuroscience market accounted for 23.9% share in
2017 and is projected to account for 23.1% share by 2025 end.
Carl ZEISS AG, Danaher Corporation (Leica Microsystems), GE Company, Siemens
AG, Koninklijke Philips N.V., Toshiba Corporation, Hitachi Medical Corp., Esaote
SpA, HAAG-STREIT Group, Opto fine Instruments Pvt. Ltd., Synaptive Medical,
Operating Microscopes and Pridex Medicare Pvt. Ltd. are some of the key players
operating in the global neuroscience market.
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