Neuroscience Market to Record a Sluggish CAGR of 5.2% by 2025

Global Market Study on Neuroscience: North America Expected to be the Most Attractive
and Dominant Regional Market in Terms of Value Share by 2025 End
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 (2017-2025),” 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.
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.
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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.
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.
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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, HAAGSTREIT 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.