How Has The Neuroscience Market Size Evolved Historically?
The neuroscience market has seen considerable growth due to a variety of factors.
• The market size of neuroscience has displayed robust growth in recent years. The increase from $35.51 billion in 2024 to $37.58 billion in 2025 reveals a compound annual growth rate (CAGR) of 5.8%. The reason for this surge within the historic duration can be ascribed to the escalation in neuroscience research funding, the emergence of neuroscience-focused genomics, proteomics, and neuroinformatics research, amplified public awareness and education, intensified drug discovery and development activities, the worldwide aging population, and the boost in neuroscience-centred education and learning offerings.
What is the Forecasted Market Size and CAGR for the Neuroscience Market Size Evolve over the Forecast Period?
The Neuroscience market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, it is predicted that the neuroscience market size will experience significant growth. The market size is expected to expand to $50.69 billion in 2029, with a compound annual growth rate (CAGR) of 7.8%.
This growth in the projected period can be linked to advancements in precision medicine for neurological treatments, the growth of neuropharmacology, the application of neuroinformatics in big data management, a patient-centric approach to neurological care, worldwide health initiatives addressing neurological disorders, and innovations in neurological diagnostics, as well as ethical considerations and guidelines. Forecasted trends for this period include developments in brain imaging technologies, neurostimulation therapies, the use of artificial intelligence in neuroscience, brain-computer interface (BCI) technology, the use of telemedicine in neurology, increased collaboration between industry and academia, and cross-disciplinary approaches.
What Key Factors and Trends Are Driving The Growth Neuroscience Market?
The growth of the neuroscience market is anticipated to be fueled by the increasing aging population. The term "geriatric population" refers to individuals who are 65 years old or older. This population, due to their advanced age and weakened immune systems, is more prone to various diseases, including neurological conditions. Lumbar arthrosis and dementia, common neurological diseases in elderly individuals, can be managed using neuroscience approaches. For example, a report by the United Nations, a diplomatic and political organization based in the US, stated in July 2022 that the percentage of the global population over the age of 65 is predicted to rise from 10% in 2022 to 16% by 2050. These statistics hint at a substantial increase of this age group globally by the middle of the century. Therefore, the expanding geriatric population is a primary factor propelling the neuroscience market forward.
What Are The Market Segments In The Neuroscience Market?
The neuroscience market covered in this report is segmented –
1) By Type: Neuro-Microscopy, Electrophysiology Technologies, Neuro-Cellular Manipulation, Whole Brain Imaging, Other Types
2) By Service: Instruments And Consumables, Software And Services
3) By End User: Hospitals, Diagnostic Labs, Research And Academic Institutes
Subsegments:
1) By Neuro-Microscopy: Two-Photon Microscopy, Confocal Microscopy, Super-Resolution Microscopy
2) By Electrophysiology Technologies: Patch Clamp Systems, Multi-Electrode Arrays (MEAs), Intracellular And Extracellular Recorders
3) By Neuro-Cellular Manipulation: Optogenetics Tools, Microinjection Systems, Electroporation Devices
4) By Whole Brain Imaging: Functional Magnetic Resonance Imaging (fMRI), Positron Emission Tomography (PET), Diffusion Tensor Imaging (DTI)
5) By Other Types: Neuroinformatics Tools, Brain-Computer Interface Technologies, Neuromodulation Devices
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What Trends Are Shaping The Neuroscience Market?
A significant trend gaining traction in the neuroscience market is technological innovation. Major players in the market are focusing on developing new technologies, including artificial intelligence and machine learning, to further progress in neuroscience. Artificial intelligence gives machines the ability to imitate and even surpass human cognitive abilities, with machine learning being a facet of artificial intelligence. These AI models are designed to perform intelligence-based tasks, providing fresh insights into similar brain processes. For instance, Koninklijke Philips N.V., a Netherlands-based tech firm, in collaboration with Synthetic MR, a Swedish MRI software firm, introduced Smart Quant Neuro 3D in February 2024. This innovative tool aids in diagnosing and evaluating brain disorders such as multiple sclerosis, traumatic brain injury, and dementia. The solution combines the AI-based SmartSpeed technology of Philips, the 3D SyntAc application, and the SyMRI NEURO 3D software of Synthetic MR, offering enhanced diagnostic tools to healthcare providers for better patient outcomes and confidence. Philips exclusively offers SyMRI NEURO 3D on its MR scanners.
Who Are the Key Players In The Neuroscience Market?
Major companies operating in the neuroscience market include:
• Alpha Omega Inc.
• General Electric Company
• Siemens Healthineers AG
• NeuroNexus Technologies Inc.
• Doric Lenses Inc.
• Blackrock Neurotech
• Axion Biosystems Inc.
• Femtonics Ltd.
• Carl Zeiss AG
• Danaher Corporation (Leica Microsystems)
• Koninklijke Philips N.V.
• Toshiba Corporation
• Hitachi Medical Corporation
• Scientifica Ltd.
• Intan Technologies Inc.
• Laserglow Technologies Inc.
• Mightex Systems
• Neuralink Corporation
• Kernel Corporation
• BrainCo Inc.
• MindMaze Inc.
• Paradromics Inc.
• NeuroPro Inc.
• NeuroSky Inc.
• EMOTIV Inc.
• Cercare Medical A/S
• Plexon Inc.
• Noldus Information Technology bv
• Neuralynx Inc.
• Vigil Neuroscience
What Are The Regional Insights Into The Neuroscience Market?
North America was the largest region in the neuroscience market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neuroscience market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
