The recent study of Reports and Data on the suggests that the Neurodiagnostics market will be valued at USD 27.10 billion, growing at a CAGR of 7.8%. The study involves the analysis of the market for Neurodiagnostics, which consists of a series of diagnostic tests and medical procedures conducted to identify the malfunctions of the central nervous system. It involves the monitoring and analysis of the nervous system, which will enable the efficient initiation of treatment procedures. The simple blockage of the pathway of neuron flow can lead to the emergence of complex neurological disorders like Parkinson’s and Multiple Sclerosis. The mental illness can be responsible for about 33% of a person’s lived disability and leads to the reduction of the quality of life. The market is characterized by the adoption of novel technologies beginning from imaging technologies to the discovery of digital biomarkers, which has helped to combat the global burdens of mental and neurological disorders.
The growth trajectory of the Neurodiagnostics market has taken a progressive path, primarily due to the prevalence of neurological disorders among people in this contemporary era. The adoption of innovative technology for enhancing the efficiency of diagnosis, which will ease the treatment procedure has also augmented the market to a higher level. The government initiatives to grapple against the prevalence of neurological disorders and improvement in general awareness among people has made the market a favorable floor to channelize investments. Key players are engaged in various industrial strategies such as competitive landscape, and the merger and acquisition strategies are expected to increase the market growth. However, regulations from notifying authorities like FDA and high procedural costs have dimmed the market to an extent.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
GE Healthcare, Siemens Healthineers, Philips Healthcare, Canon Medical Systems Corporation, Hitachi Medical Corporation, Nihon Kohden Corporation, Fonar Corporation, Neusoft Medical Systems Co., Ltd. NeuroNexus Technologies, Inc. and Lifelines Neurodiagnostic Systems, Inc
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Neurodiagnostics market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Neurodiagnostics industry, the market is segmented into:
Technology Type (Revenue, USD Million; 2017–2027)
- Neuroimaging Technology
- Computed Tomography
- Magnetic Resonance Imaging
- Nuclear Medicine Imaging
- Near Infrared Spectroscopic Imaging
- Electroencephalography
- Magnetoencephalography
- Voxel-Based Morphometry
- In Vitro Diagnosis
- Neuroinformatics
Disease Type (Revenue, USD Million; 2017–2027)
- Alzheimer’s Disease
- Migraine
- Parkinson’s Disease
- Epilepsy
- Stroke
- Multiple sclerosis
- Neurodegeneration
- Others
End Use (Revenue, USD Million; 2017–2027)
- Hospital and Clinics
- Diagnostic Laboratories
- Others
The regional analysis covers:
- North America
- US.
- Canada
- Mexico
- Europe
- Germany
- UK.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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Benefits of Neurodiagnostics Market Report:
- Panoramic overview of the opportunities and risks in the Neurodiagnostics sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Neurodiagnostics industry
- In-depth assessment of the competitive landscape of the key players of the Neurodiagnostics industry
- Analysis of the Neurodiagnostics market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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