SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Neuroscience - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 459
Companies: 41 - Players covered include Alpha Omega Co. USA Inc.; Axion BioSystems Inc.; Biobserve GmbH; Blackrock Microsystems LLC; Bruker Corporation; Doric Lenses Inc; Femtonics Ltd. ; GE Healthcare; Intan Technologies, LLC.; Kendall Research Systems, LLC (KRS); Laserglow Technologies; LaVision BioTec GmbH; Med Associates, Inc.; Mediso Medical Imaging Systems ; Mightex Systems; Multi Channel Systems MCS GmbH; Neuralynx, Inc.; NeuroNexus; Newport Corporation; Noldus Information Technology; Phoenix Research Labs; Plexon Inc.; Scientifica Ltd; Siemens Healthineers; Sutter Instrument; Thomas RECORDING GmbH; Trifoil Imaging, Inc.; Tucker Davis Technologies Inc. (TDT); Vium, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Component (Instrumentation, Data Analysis & Services, Consumables); Technology (Whole Brain Imaging, Neuro-Microscopy, Electrophysiology, Neuro-Functional Visualization, Neuro-Proteomic Analysis, Other Technologies)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Neuroscience Market to Reach $36.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Neuroscience estimated at US$30.3 Billion in the year 2020, is projected to reach a revised size of US$36.2 Billion by 2026, growing at a CAGR of 2.9% over the analysis period. Whole Brain Imaging, one of the segments analyzed in the report, is projected to record a 2.6% CAGR and reach US$7.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Neuro-Microscopy segment is readjusted to a revised 2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $9.2 Billion in 2021, While China is Forecast to Reach $6.5 Billion by 2026
The Neuroscience market in the U.S. is estimated at US$9.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.5 Billion by the year 2026 trailing a CAGR of 2.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Electrophysiology Segment to Reach US$4.5 Billion by the year 2026
In the global Electrophysiology segment, USA, Canada, Japan, China and Europe will drive the 1.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.2 Billion in the year 2020 will reach a projected size of US$3.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.