Neurodiagnostics Market Highlights

According to MRFR analysis, the Neurodiagnostics Market size report has valued the industry at USD 7.90 billion in 2022. The Neurodiagnostics market industry is projected to grow from USD 8.45 Billion in 2023 to USD 12.68 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.00% during the forecast period (2023 - 2030).

Enter the exciting field of Neurodiagnostics, where creativity and accuracy come together to solve the mysteries of the human brain. The Neurodiagnostics Market is expanding because to the urgent need for precise diagnosis and treatment of neurological illnesses.

As technology advances, we are seeing a remarkable progression in diagnostic tools, ranging from advanced imaging techniques to EEG and EMG equipment, all designed to provide deeper insights into the complexity of the nervous system. With increased awareness of neurological health, the future of this sector is brimming with opportunity, providing both investors and healthcare practitioners with a path to better patient treatment and innovative discoveries. Join us on this journey into the intricate realms of the brain, where the Neurodiagnostics Market promises not only growth but a profound impact on the world of neuroscience.

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas held maximum share, owing to the high incidence rates of neurological disorders in countries such as US.  The neurodiagnostics market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European neurodiagnostics market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The neurodiagnostics market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The neurodiagnostics market in this region is anticipated to be the fastest-growing during the assessment period due to the increasing awareness about the diagnostic treatments and favorable reimbursement policies. The neurodiagnostics market in the Middle East & Africa has been divided into the Middle East and Africa.

Segmentation

The Global Neurodiagnostics Market has been segmented based on Product, Condition, and End User.

The market, based on product type, has been divided into diagnostic imaging systems, clinical diagnostic instruments, and reagents & consumables. The diagnostic imaging systems segment held a major share owing to the rising number of diagnostic laboratories an imaging centers in the developing as well as developed countries. The reagents & consumables was the fastest-growing segment due to high consumption in various routine techniques. The market, based on diagnostic imaging systems, has been further segment is segmented as, MRI systems, EEG systems, CT scanners, PET scanners, EMG devices, ultrasound imaging systems, MEG devices, angiography systems, and others. The market, based on clinical diagnostic instruments has been further bifurcated into PCR instruments, NGS instruments, sanger sequencers, and others. The market, based on reagents & consumables has been further segmented into media & sera, antibodies, buffers, solvents, enzymes, proteins, & peptides, probes, and other.

The global neurodiagnostics market has been segmented, based on the condition, into neurodegenerative diseases, stroke, epilepsy, headache disorders, sleep disorders, and others. Stoke segment held the majority share of the market owing to the growing geriatric population. The neurodegenerative diseases segment is anticipated to be the fastest growing during the forecast period due to the high number of Parkinson’s and Alzheimer’s disease population.

The global neurodiagnostics market, based on end user, has been segmented into hospitals & surgical centers, diagnostic laboratories & imaging centers, neurology centers, ambulatory care centers, and research laboratories & academic institutes. The hospitals & surgical centers segment held the maximum share owing to its high purchasing power to buy expensive equipment. The neurology centers segment is expected to be the fastest-growing during the assessment period due to the lower cost and short waiting period compared to hospitals.

Key Players   

Some of the top key players mentioned in the neurodiagnostic market overview report are GE Healthcare (US), Siemens Healthineers (Germany), Philips Healthcare (Netherlands), Hitachi, Ltd. (Japan), Canon, Inc. (Japan), Lifelines Neuro Company, LLC (US), Thermo Fisher Scientific, Inc. (US), FUJIFILM Holdings Corporation (Japan), Mitsar Co., Ltd. (Russia), Natus Medical Incorporated (US), Hoffman-La Roche AG (Switzerland), and QIAGEN N.V. (Netherlands).

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