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.
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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).
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.
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.
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.
Detailed
Segmentation:
Global
Neuroscience Market, By Component:
-
Instrument
-
Software
-
Services
Global
Neuroscience Market, By End User:
-
Hospitals
-
Diagnostic Laboratories
-
Research Institutes
-
Academic Institutes
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