Neurodiagnostics Market Forecasts to 2030 – Global Analysis By Product (Diagnostic & Imaging Systems, Clinical Diagnostic Instruments and Other Products), By Condition (Neurodegenerative Diseases, Epilepsy, Headache Disorders and Other Conditions) End Use

Neurodiagnostics Market Forecasts to 2030 – Global Analysis By Product (Diagnostic & Imaging Systems, Clinical Diagnostic Instruments and Other Products), By Condition (Neurodegenerative Diseases, Epilepsy, Headache Disorders and Other Conditions) End User, By Geography


According to Stratistics MRC, the Global Neurodiagnostics Market is accounted for $8.6 billion in 2023 and is expected to reach $16.2 billion by 2030 growing at a CAGR of 9.3% during the forecast period. Neurodiagnostics refers to the field of medical diagnostics that focuses on the assessment and monitoring of the nervous system's structure and function. It involves various non-invasive and invasive techniques, such as electroencephalography (EEG), magnetic resonance imaging (MRI), computed tomography (CT), and nerve conduction studies, to diagnose and evaluate neurological disorders, including epilepsy, stroke, and neurodegenerative diseases. Neurodiagnostics plays a crucial role in understanding and managing conditions affecting the brain and nervous system.

According to the data published by the Parkinson's Foundation, in 2021, an estimated 9,30,000 people were living with Parkinson's disease in the United States 2020, and this number is predicted to increase to 1,2 million by 2030.

Market Dynamics:

Driver:

Increasing incidence of neurological disorders

With a rising global burden of conditions such as Alzheimer's disease, epilepsy, and multiple sclerosis, there's an increased demand for precise diagnostic tools to facilitate early detection and effective management. Neurodiagnostic techniques, including advanced imaging modalities and electrophysiological studies, play a pivotal role in providing insights into the structure and function of the nervous system. Additionally, growing awareness of the importance of early diagnosis, coupled with continuous technological advancements in neurodiagnostics, propels the market forward.

Restraint:

High cost of neurodiagnostic devices

The high cost of neurodiagnostic devices stands as a significant restraint in the neurodiagnostics market. The sophisticated technologies utilized in neurodiagnostics, including advanced imaging equipment and monitoring devices, are costly. This elevated cost poses a barrier to the widespread adoption of neurodiagnostic tools, particularly for smaller healthcare facilities or those with budget constraints. Moreover, this financial burden can limit accessibility to cutting-edge neurodiagnostic technologies, hindering the potential for comprehensive neurological assessments and impeding the overall growth of the neurodiagnostics market.

Opportunity:

Technological advancements in neurodiagnostic devices

Continuous innovation, such as the development of high-resolution imaging techniques, wearable devices for remote monitoring, and artificial intelligence applications for data analysis, enhances diagnostic precision and patient care. These advancements offer healthcare professionals more comprehensive insights into neurological conditions. As neurodiagnostic technologies evolve, there is a growing potential for improved diagnostic accuracy, streamlined workflows, and enhanced patient outcomes, driving further adoption and expansion in the market.

Threat:

Lack of awareness among healthcare professionals

Despite the continuous advancements in neurodiagnostic technologies, a notable gap in understanding and awareness may exist among healthcare practitioners. This knowledge deficit can lead to the delayed or underutilized adoption of innovative neurodiagnostic procedures and tools. Additionally, inadequate awareness may hinder the timely diagnosis and management of neurological disorders, impacting patient outcomes.

Covid-19 Impact:

The COVID-19 pandemic has significantly impacted the neurodiagnostic market. Lockdowns, restrictions on elective procedures, and reallocation of healthcare resources have led to a decline in routine neurodiagnostic testing. Additionally, patient reluctance to visit healthcare facilities due to infection concerns has further hindered the market. However, the pandemic has accelerated the adoption of telehealth and remote monitoring solutions, offering opportunities for the neurodiagnostic market.

The Diagnostic & Imaging Systems segment is expected to be the largest during the forecast period

The diagnostic and imaging systems segment is poised for dominance in the neurodiagnostics market during the forecast period due to technological advancements and the growing demand for precise and non-invasive diagnostic tools. Advanced imaging technologies, such as magnetic resonance imaging (MRI), computed tomography (CT), and positron emission tomography (PET), contribute to accurate neurodiagnosis. Additionally, the increasing incidence of neurological disorders emphasizes the significance of diagnostic and imaging systems on the market.

The headache disorders segment is expected to have the highest CAGR during the forecast period

During the forecast period, the headache disorders segment is anticipated to experience substantial growth in the neurodiagnostics market. Factors such as the increasing prevalence of headaches, including migraines, growing awareness, and advancements in diagnostic technologies specific to headache disorders are contributing to this expansion. As healthcare providers prioritize accurate diagnosis and personalized treatment plans for individuals suffering from headaches, the demand for neurodiagnostic tools and procedures tailored to this segment is expected to rise, driving the overall growth of the market.

Region with largest share:

North America is poised to maintain its market dominance in the neurodiagnostic sector during the forecast period. The region benefits from a well-established healthcare infrastructure, technological advancements, and significant investments in research and development. Additionally, the increasing prevalence of neurological disorders, a growing aging population, and higher awareness levels contribute to the sustained demand for neurodiagnostic services. The presence of major industry players and a favorable regulatory environment further solidify North America's position in the neurodiagnostic market.

Region with highest CAGR:

The Asia Pacific region is positioned for substantial growth in the neurodiagnostic market. Factors such as a burgeoning population, rising healthcare awareness, and increasing incidences of neurological disorders drive the demand for advanced diagnostic technologies. Governments in the region are investing in healthcare infrastructure, fostering research and development, and promoting technological adoption. With a growing emphasis on healthcare quality and accessibility, coupled with a rising aging population, the Asia Pacific neurodiagnostic market is expected to witness significant expansion.

Key players in the market

Some of the key players in Neurodiagnostics Market include GE Healthcare, Advanced Brain Monitoring, Inc, Bio-Rad Laboratories, Canon, Inc., F. Hoffmann-La Roche AG, Fujifilm Corporation, GE Healthcare, Hitachi Ltd., Hoffman-La Roche AG, Koninklijke Philips N.V., Lifelines Neuro Company LLC, Mitsar Co. Ltd., Natus Medical Incorporated, Nihon Kohden Corporation, QIAGEN N.V., Siemens Healthineers and Thermo Fisher Scientific Inc.

Key Developments:

In November 2023, QIAGEN announced the launch of the Microbiome WGS SeqSets, a comprehensive Sample to Insight workflow designed to provide an easy-to-use solution that maximizes efficiency and reproducibility in microbiome research.

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Products Covered:
• Diagnostic & Imaging Systems
• Clinical Diagnostic Instruments
• Reagents & Consumables
• Other Products

Conditions Covered:
• Neurodegenerative Diseases
• Epilepsy
• Headache Disorders
• Sleep Disorders
• Other Conditions

End Users Covered:
• Hospitals
• Ambulatory Care Centers
• Diagnostic Laboratories & Imaging Centers
• Neurology Centers
• Research Laboratories & Academic Institutes
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Neurodiagnostics Market, By Product
5.1 Introduction
5.2 Diagnostic & Imaging Systems
5.2.1 Angiography Systems
5.2.2 Computed Tomography (CT) Scanners
5.2.3 Electroencephalogram (EEG) Systems
5.2.4 Electromyography (EMG) Devices
5.2.5 Magnetic Resonance Imaging (MRI) Systems
5.2.6 Magnetoencephalography (MEG) Devices
5.2.7 Positron emission tomography (PET) Scanners
5.2.8 Ultrasound Imaging Systems
5.2.9 Other Diagnostic & Imaging Systems
5.3 Clinical Diagnostic Instruments
5.3.1 Next-generation Sequencing Instruments
5.3.2 Polymerase Chain Reaction (PCR) Instruments
5.3.3 Sanger Sequencers
5.3.4 Other Clinical Diagnostic Instruments
5.4 Reagents & Consumables
5.4.1 Antibodies
5.4.2 Buffers
5.4.3 Enzymes, Proteins, & Peptides
5.4.4 Media & Sera
5.4.5 Probes
5.4.6 Solvents
5.4.7 Other Reagents & Consumables
5.5 Other Products
6 Global Neurodiagnostics Market, By Condition
6.1 Introduction
6.2 Neurodegenerative Diseases
6.3 Epilepsy
6.4 Headache Disorders
6.5 Sleep Disorders
6.6 Other Conditions
7 Global Neurodiagnostics Market, By End User
7.1 Introduction
7.2 Hospitals
7.3 Ambulatory Care Centers
7.4 Diagnostic Laboratories & Imaging Centers
7.5 Neurology Centers
7.6 Research Laboratories & Academic Institutes
7.7 Other End Users
8 Global Neurodiagnostics Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 GE Healthcare
10.2 Advanced Brain Monitoring, Inc
10.3 Bio-Rad Laboratories
10.4 Canon, Inc.
10.5 F. Hoffmann-La Roche AG
10.6 Fujifilm Corporation
10.7 GE Healthcare
10.8 Hitachi Ltd.
10.9 Hoffman-La Roche AG
10.10 Koninklijke Philips N.V.
10.11 Lifelines Neuro Company LLC
10.12 Mitsar Co. Ltd.
10.13 Natus Medical Incorporated
10.14 Nihon Kohden Corporation
10.15 QIAGEN N.V.
10.16 Siemens Healthineers
10.17 Thermo Fisher Scientific Inc.
List of Tables
Table 1 Global Neurodiagnostics Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Neurodiagnostics Market Outlook, By Product (2021-2030) ($MN)
Table 3 Global Neurodiagnostics Market Outlook, By Diagnostic & Imaging Systems (2021-2030) ($MN)
Table 4 Global Neurodiagnostics Market Outlook, By Angiography Systems (2021-2030) ($MN)
Table 5 Global Neurodiagnostics Market Outlook, By Computed Tomography (CT) Scanners (2021-2030) ($MN)
Table 6 Global Neurodiagnostics Market Outlook, By Electroencephalogram (EEG) Systems (2021-2030) ($MN)
Table 7 Global Neurodiagnostics Market Outlook, By Electromyography (EMG) Devices (2021-2030) ($MN)
Table 8 Global Neurodiagnostics Market Outlook, By Magnetic Resonance Imaging (MRI) Systems (2021-2030) ($MN)
Table 9 Global Neurodiagnostics Market Outlook, By Magnetoencephalography (MEG) Devices (2021-2030) ($MN)
Table 10 Global Neurodiagnostics Market Outlook, By Positron emission tomography (PET) Scanners (2021-2030) ($MN)
Table 11 Global Neurodiagnostics Market Outlook, By Ultrasound Imaging Systems (2021-2030) ($MN)
Table 12 Global Neurodiagnostics Market Outlook, By Other Diagnostic & Imaging Systems (2021-2030) ($MN)
Table 13 Global Neurodiagnostics Market Outlook, By Clinical Diagnostic Instruments (2021-2030) ($MN)
Table 14 Global Neurodiagnostics Market Outlook, By Next-generation Sequencing Instruments (2021-2030) ($MN)
Table 15 Global Neurodiagnostics Market Outlook, By Polymerase Chain Reaction (PCR) Instruments (2021-2030) ($MN)
Table 16 Global Neurodiagnostics Market Outlook, By Sanger Sequencers (2021-2030) ($MN)
Table 17 Global Neurodiagnostics Market Outlook, By Other Clinical Diagnostic Instruments (2021-2030) ($MN)
Table 18 Global Neurodiagnostics Market Outlook, By Reagents & Consumables (2021-2030) ($MN)
Table 19 Global Neurodiagnostics Market Outlook, By Antibodies (2021-2030) ($MN)
Table 20 Global Neurodiagnostics Market Outlook, By Buffers (2021-2030) ($MN)
Table 21 Global Neurodiagnostics Market Outlook, By Enzymes, Proteins, & Peptides (2021-2030) ($MN)
Table 22 Global Neurodiagnostics Market Outlook, By Media & Sera (2021-2030) ($MN)
Table 23 Global Neurodiagnostics Market Outlook, By Probes (2021-2030) ($MN)
Table 24 Global Neurodiagnostics Market Outlook, By Solvents (2021-2030) ($MN)
Table 25 Global Neurodiagnostics Market Outlook, By Other Reagents & Consumables (2021-2030) ($MN)
Table 26 Global Neurodiagnostics Market Outlook, By Condition (2021-2030) ($MN)
Table 27 Global Neurodiagnostics Market Outlook, By Neurodegenerative Diseases (2021-2030) ($MN)
Table 28 Global Neurodiagnostics Market Outlook, By Epilepsy (2021-2030) ($MN)
Table 29 Global Neurodiagnostics Market Outlook, By Headache Disorders (2021-2030) ($MN)
Table 30 Global Neurodiagnostics Market Outlook, By Sleep Disorders (2021-2030) ($MN)
Table 31 Global Neurodiagnostics Market Outlook, By Other Conditions (2021-2030) ($MN)
Table 32 Global Neurodiagnostics Market Outlook, By End User (2021-2030) ($MN)
Table 33 Global Neurodiagnostics Market Outlook, By Hospitals (2021-2030) ($MN)
Table 34 Global Neurodiagnostics Market Outlook, By Ambulatory Care Centers (2021-2030) ($MN)
Table 35 Global Neurodiagnostics Market Outlook, By Diagnostic Laboratories & Imaging Centers (2021-2030) ($MN)
Table 36 Global Neurodiagnostics Market Outlook, By Neurology Centers (2021-2030) ($MN)
Table 37 Global Neurodiagnostics Market Outlook, By Research Laboratories & Academic Institutes (2021-2030) ($MN)
Table 38 Global Neurodiagnostics Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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