Neurotechnology Market Size, Share & Analysis Report, 2023-2032
The global neurotechnology market size was exhibited at USD 12.83 billion in 2022 and is projected to hit around USD 38.24 billion by 2032, growing at a CAGR of 11.54% during the forecast period 2023 to 2032.
Key Pointers:
Neurotechnology Market Report Scope
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Report Coverage |
Details |
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Market Size in 2023 |
USD 14.31 Billion |
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Market Size by 2032 |
USD 38.24 Billion |
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Growth Rate From 2023 to 2032 |
CAGR of 11.54% |
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Base Year |
2022 |
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Forecast Period |
2023 to 2032 |
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Segments Covered |
By Product Type, By Conditions, By End-Use |
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Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
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Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
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Key Companies Profiled |
General Electric Company, Siemens Healthcare Private Limited, Shimadzu Corporation, Koninklijke Philips N.V., Hitachi Medical Corporation, Elekta AB, Toshiba Medical Systems Corporation, and Tristan Technologies, Inc. and Others. |
When used fundamentally, neurotechnology has a bright future in changing human nature. The neurotechnology-based technologies that are already available describe how the brain functions, but their complete implementation necessitates more thorough research. The application of neurotechnology in medical science enables researchers to link to brain activity and comprehend people's personalities and lifestyle patterns for effective neurological illness diagnosis and prognosis. All these factors may open new growth avenues for the neurotechnology market during the forecast period of 2023-2032.
The term "neurotechnology" refers to a technological advancement that makes it possible to research or intervene in neurological processes. Nearly every component of human biology is under the direction of the nervous system, which also aids in experiencing the entire environment. An individual may be in danger from any process disruption. Therefore, neurological research and treatment are essential to both treating these people's symptoms and learning more about the intricate functions of the brain.
The expert and data-driven research report by Nova One Advisor approaches are a major contributor to our industry-leading market research accuracy. The market survey by experts produces a multi-dimensionally realistic examination of market growth parameters such as emerging trends, competitive insights, regional dynamics, drivers, restraints, and development which help the stakeholders to formulate growth strategies.
The incidence and prevalence of neurological illnesses are increasing, and this demand is being further boosted by increased funding from both public and commercial entities. Around 1 billion individuals worldwide, according to UN estimates, are affected by neurological disorders. However, the industry's expansion is likely to be hampered by expensive products, ethical issues, and a strict regulatory environment.
The sector is projected to increase significantly as a result of the rise in malignant CNS illnesses, such as Parkinsonism and Alzheimer's disease. Given that the aging population is more susceptible to illnesses of the central nervous system such as schizophrenia, Alzheimer's, and Parkinsonism, this industry is supposed to have profitable growth prospects in the years to come. The market is expected to increase as a result of a number of factors, including continuous brain mapping research and other research programs, government-led neuroscience efforts, and technological advancements in tools and algorithms used in the neuroscience field.
The prevalence and incidence of neurological illnesses are both on the rise, which is primarily responsible. Additionally, a huge patient base along with an aging population, an increase in traffic accidents, and significant government investment in research and development are the main drivers of regional expansion of the neurotechnology market.
Some of the prominent players in the Neurotechnology Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Neurotechnology market.
By Product Type
By Conditions
By End-Use
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Neurotechnology Market
5.1. COVID-19 Landscape: Neurotechnology Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Neurotechnology Market, By Product Type
8.1. Neurotechnology Market, by Product Type, 2022-2032
8.1.1 Neurostimulation
8.1.1.1. Market Revenue and Forecast (2022-2032)
8.1.2. Neurosensing
8.1.2.1. Market Revenue and Forecast (2022-2032)
8.1.3. Neuroprostheses
8.1.3.1. Market Revenue and Forecast (2022-2032)
8.1.4. Neurorehabilitation
8.1.4.1. Market Revenue and Forecast (2022-2032)
Chapter 9. Global Neurotechnology Market, By Conditions
9.1. Neurotechnology Market, by Conditions, 2022-2032
9.1.1. Cognitive Disorders
9.1.1.1. Market Revenue and Forecast (2022-2032)
9.1.2. Pain Treatment
9.1.2.1. Market Revenue and Forecast (2022-2032)
9.1.3. Urinary and Fecal Incontinence
9.1.3.1. Market Revenue and Forecast (2022-2032)
9.1.4. Epilepsy
9.1.4.1. Market Revenue and Forecast (2022-2032)
9.1.5. Parkinson's disease
9.1.5.1. Market Revenue and Forecast (2022-2032)
9.1.6. Hearing Conditions
9.1.6.1. Market Revenue and Forecast (2022-2032)
9.1.7. Sleep Disorder
9.1.7.1. Market Revenue and Forecast (2022-2032)
9.1.8. Depression
9.1.8.1. Market Revenue and Forecast (2022-2032)
9.1.9. Others
9.1.9.1. Market Revenue and Forecast (2022-2032)
Chapter 10. Global Neurotechnology Market, By End-Use
10.1. Neurotechnology Market, by End-Use, 2022-2032
10.1.1. Ambulatory surgical centers
10.1.1.1. Market Revenue and Forecast (2022-2032)
10.1.2. Hospitals
10.1.2.1. Market Revenue and Forecast (2022-2032)
10.1.3. Homecare facilities
10.1.3.1. Market Revenue and Forecast (2022-2032)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2022-2032)
Chapter 11. Global Neurotechnology Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.1.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.1.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.1.4.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.1.4.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.1.5.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.1.5.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.2.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.2.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.2.4.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.2.4.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.2.5.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.2.5.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.2.6.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.2.6.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.2.7.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.2.7.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.3.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.3.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.3.4.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.3.4.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.3.5.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.3.5.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.3.6.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.3.6.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.3.7.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.3.7.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.4.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.4.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.4.4.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.4.4.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.4.5.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.4.5.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.4.6.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.4.6.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.4.7.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.4.7.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.5.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.5.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.5.4.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.5.4.3. Market Revenue and Forecast, by End-Use (2022-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product Type (2022-2032)
11.5.5.2. Market Revenue and Forecast, by Conditions (2022-2032)
11.5.5.3. Market Revenue and Forecast, by End-Use (2022-2032)
Chapter 12. Company Profiles
12.1. General Electric Company
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Siemens Healthcare Private Limited
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Shimadzu Corporation
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Koninklijke Philips N.V.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Hitachi Medical Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Elekta AB
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Toshiba Medical Systems Corporation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Tristan Technologies, Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers