Neuroscience Market Size, Share, Insights Report By Component Type (Instruments, Software and Services), By Technology (Brain Imaging, Neuro-Microscopy), By End User (Hospitals, Diagnostics Laboratories, Research Institutes, and Academic Institutes), and By Region – Global Industry Analysis, Emerging Trends, Demand and Forecast Report 2024 – 2030

Healthcare & Pharma Syndicate Market Research Pages: 125 Report ID: 6696

According to Syndicate Market Research, the global neuroscience market size was valued at around USD 40.7 billion in 2023 and it is estimated to reach a value of USD 64.09 billion by 2030, with a compound annual growth rate (CAGR) of approximately 5.59% over the forecast period (2024 – 2030).

Neuroscience Market: Overview

Neuroscience is related to many other scientific disciplines, such as chemistry, philosophy, psychology, language, and computation. Many perspectives are used to study the neurotic system, including cellular, operational, behavioral, molecular, evolutionary, and therapeutic. The neuroscience market offers a variety of imaging tools for the nervous system. Because of the accuracy of the tools employed by neuroscientists, it is expected that the neuroscience market will grow during the forecast period. Numerous techniques are employed in this sector, such as proteomic analysis and neuro-microscopy.

Proteomic technologies are essential to neuroscience and are in great demand because of their accessibility. Technological developments support the growth of the neuroscience market by facilitating the development of neuro-microscopy. Researchers and neuroscientists are gradually embracing advanced imaging techniques to better understand illness methods, early detection of diseases, and cognitive processes. The increasing number of people dying from different neurological disorders, including schizophrenia, Parkinson's disease, Alzheimer's disease, and other brain-related illnesses, is the main factor propelling the market expansion. The increasing need for neuroimaging innovations and the continuous research and investigation into brain mapping are two more important factors that are driving expansion.

Neuroscience Market: Growth Drivers

  • Growing neuroimaging demand for neuro-related disorders to boost the global market growth

The increase in deaths from several neurological disorders, including as Parkinson's disease, Alzheimer's disease, schizophrenia, and other brain conditions, is the main factor propelling the market's growth. The increasing need for neuroimaging technologies and the continuous research and investigation into brain mapping are two more important factors that are driving expansion. Positive efforts are also being made by the governments of several nations to increase public knowledge of neurological disorders and the range of treatment options. The market is also growing as a result of the growing usage of instruments for electrophysiology, magnetic resonance imaging (MRI), optogenetics, microscopy, and MRI in the diagnosis of different neurological conditions. To increase their market share and acquire a competitive edge, the top businesses are also creating innovative medical gadgets that improve patient compliance and efficacy.

                                                     Global Neuroscience Market 2024 Size by Region

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Neuroscience Market: Restraints

  • Legal constraints and expensive tools restrict the use of animals in clinical trials, which hinders market expansion

Medical regulations pertaining to the utilization of animals in clinical studies are expected to impose certain limitations on the accessibility of animal models for neuron research. In numerous countries, legislation is in place that strictly prohibits the use of animals for scientific and experimental purposes. Some neurological devices require animal testing, which may impede the market's growth. Scientists have the ability to circumvent the objections toward animal research by utilizing human cells and tissues or employing Silico models (computer modeling techniques) or Vitro procedures. Additionally, significant factors such as costly apparatus and experiments on animals may impede the expansion of the neuroscience market.

Neuroscience Market: Opportunities

  • Promising neuroimaging and treatment compensation creates opportunities for the global neuroscience market

The continuous investigation of neuroscience offers a multitude of prospects, encompassing the development of potential therapies for neurological disorders and the comprehension of brain function. Innovative discoveries continue to be made in this field, potentially paving the way for the creation of novel pharmaceuticals and therapeutic approaches. Considerable prospects are presented by the advancement of neurotechnology, including brain-computer interfaces (BCIs) and neuromodulation devices. BCIs have the potential to assist individuals with disabilities in regaining mobility, whereas neuromodulation devices may be utilized to treat a variety of neurological disorders.

Neuroscience Market: Challenges

  • Complexity of the Brain and strict regulatory processes

Gaining insight into the intricacies of human brain dysfunctions and functions presents a formidable obstacle. The complexity of neural networks and the immense quantity of variables implicated pose significant challenges to neuroscience research and the development of treatments. For the treatment of neurological disorders, the creation of novel medications or medical devices must adhere to stringent regulatory procedures. The protracted and costly approval procedure may impede progress in the respective domain.

Neuroscience Market: Segmentation Analysis

The neuroscience market is divided of the basis of component type, technology and end users. 

Based on component type, the market is separated into instruments, software, and services. Software dominates this segment. Instrumentation sales were larger than software and services. This sector has a large market share because to its expensive prices and cutting-edge technology compared to other neuroscience component markets. Neurology "instruments" include MRI, microscopy, optogenetics, and electrophysiology. Their effectiveness in identifying neurological diseases has expanded market penetration. Data analysis and services should generate profitable income during the projection period.

Based on technology the market is divided into brain imaging, neuro-microscopy. By end users, the market is divided into hospitals, diagnostics laboratories, research institutes, and academic institutes. Hospitals are projected to increase quickest. Patients' quest for better neurological diagnosis is driving the hospital segment. The industry has also grown due to hospitals' high standards of care and access to cutting-edge technologies.

 

Report Attributes Report Details
Report Name Neuroscience Market
Market Size in 2023 USD 40.7 billion
Market Forecast in 2030 USD 64.09 billion
Growth Rate CAGR of 5.59%
Number of Pages 130
Key Companies Covered ABBOTT, B. Braun SE, Boston Scientific Corporation, Canon Inc., Carl Zeiss AG, Danaher Corporation, GE Healthcare, Koninklijke Philips N.V., Medtronic, Siemens Healthcare Private Limited, Stryker, Terumo Corporation, and others.
Segments Covered By Component Type, By Technology, By End User
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

Neuroscience Market: Regional Analysis

  • North America is expected to dominate the global market

North America: Emerging brain diseases and sophisticated healthcare systems will drive the market. Many North American organizations, universities, and institutes sponsor neuroscience R&D. Government authorities also worry about US deaths. Thus, neuroscience development has received more government financing. Key market players' technological innovation is expected to drive market growth throughout the forecast period. Also important for market growth is product approval.

Asia Pacific: Several neurological diseases are better known throughout Asia Pacific due to population expansion. Thus, healthcare spending in India, China, and Japan is rising, hurting the sector. A large Asia Pacific market expansion is expected during the projection period. Another major concern that will require proper diagnosis and treatment is the prevalence of neurological diseases. The neuroscience market should rise.

Neuroscience Market: Competitive Landscape

Some of the leading players operating in the global neuroscience market are;  

  • ABBOTT
  • B. Braun SE
  • Boston Scientific Corporation
  • Canon Inc.
  • Carl Zeiss AG
  • Danaher Corporation
  • GE Healthcare
  • Koninklijke Philips N.V.
  • Medtronic
  • Siemens Healthcare Private Limited
  • Stryker 
  • Terumo Corporation

The global neuroscience market is segmented as follows:

By Component Type

  • Instruments
  • Software
  • Services

By Technology

  • Brain Imaging
  • Neuro-Microscopy

By End User

  • Hospitals
  • Diagnostics Laboratories
  • Research Institutes
  • Academic Institutes

By Region

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Benelux Reunion
  • Belgium
  • The Netherlands
  • Luxembourg
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
  • Rest of Southeast Asia
  • The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
  • Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Frequently Asked Questions:

What are the key factors driving global neuroscience market growth?

The increasing number of fatalities attributed to a range of neurological disorders, such as Alzheimer's disease, Parkinson's disease, and schizophrenia are key factors of neuroscience market expansion.

What will be the CAGR of global neuroscience market?

The global neuroscience market is growing at a CAGR of around 5.59% during the forecast period (2024-2030).

What will be the value of the neuroscience market during 2024- 2030?

According to Syndicate Market Research, the global neuroscience market size was estimated at approximately USD 40.7 billion in 2023 and is expected to generate revenue of around USD 64.09 billion by 2030.

Which region will drive global neuroscience market revenue?

North American region will dominate the global neuroscience market.

Who are the key players operating in the global neuroscience market growth?

  • Some major players covered in the global neuroscience market are; ABBOTT, B. Braun SE, Boston Scientific Corporation, Canon Inc., Carl Zeiss AG, Danaher Corporation, GE Healthcare, Koninklijke Philips N.V., Medtronic, Siemens Healthcare Private Limited, Stryker, Terumo Corporation, and others.

Frequently Asked Questions

These players adopted different strategies so as to hold major market share in this market. Some of the major players in Neuroscience industry includes.

  • Doric Lenses Inc
  • GE Healthcare
  • Siemens Healthineers
  • Laserglow Technologies
  • Mightex Systems
  • Prizmatix
  • Kendall Research Systems LLC
  • Noldus Information Technology
  • Med Associates Inc
  • Phoenix Technology Group
  • NeuroNexus

Based on the Neuroscience market analysis, North America is predicted to held the highest share in the Neuroscience market during the forecast period.

The statistical data of the top market players of Neuroscience industry can be obtained from the company profile section specified in the report. This section incorporates analysis of top player’s operating in the Neuroscience industry as well as their last five-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue produced.

The study offers a decisive view on the Neuroscience by segmenting the market based on Type, Application, and region.

The report gives a nitty-gritty assessment of the market by featuring data on various viewpoints that incorporate drivers, restraints, opportunities, and threats. This data can assist stakeholders in making suitable decisions before investing.

The sample for Neuroscience market report can be received on-demand from the website as and when required.Direct call services or 24*7 chat support are provided to procure the sample report.

  1. Preface
    1. Report Description and Scope
    2. Research Scope
    3. Research Methodology
      1. Market Research Process
      2. Market Research Methodology
  2. Executive Summary
    1. Neuroscience Market, 2018-2030 (USD Million)
    2. Neuroscience Market: Snapshot
  3. Neuroscience - Industry Analysis
    1. Neuroscience: Market Dynamics
    2. Market Drivers
      1. Driver 1
      2. Driver 2
    3. Restraints
      1. Restraint 1
      2. Restraint 2
    4. Opportunity
      1. Government funding and support
    5. Porter’s Five Forces Analysis
    6. Market Attractiveness Analysis
      1. Market attractiveness analysis By Product
      2. Market attractiveness analysis By Application
      3. Market attractiveness analysis by Region
  4. Neuroscience Market - Competitive Landscape
    1. Company market share analysis
      1. Global Neuroscience Market: company market share, 2019
    2. Strategic development
      1. Acquisitions & mergers
      2. New Product launches
      3. Agreements, partnerships, collaborations and joint ventures
      4. Research and development and Regional expansion
    3. Price trend analysis
  5. Global Neuroscience Market -Type Analysis
    1. Global Neuroscience Market overview: By Type
      1. Global Neuroscience Market share, By Type,2019 and 2026
    2. Whole Brain Imaging
      1. Global Neuroscience Market by Whole Brain Imaging, 2018-2030 (USD Million)
    3. Neuro-microscopy
      1. Global Neuroscience Market by Neuro-microscopy, 2018-2030 (USD Million)
    4. Electrophysiology
      1. Global Neuroscience Market by Electrophysiology, 2018-2030 (USD Million)
    5. Neuro-functional analysis
      1. Global Neuroscience Market by Neuro-functional analysis, 2018-2030 (USD Million)
    6. Neuro-proteomic analysis
      1. Global Neuroscience Market by Neuro-proteomic analysis, 2018-2030 (USD Million)
    7. Neuro-cellular manipulation
      1. Global Neuroscience Market by Neuro-cellular manipulation, 2018-2030 (USD Million)
    8. Neuro-biochemical assays
      1. Global Neuroscience Market by Neuro-biochemical assays, 2018-2030 (USD Million)
    9. Stereotaxic surgeries
      1. Global Neuroscience Market by Stereotaxic surgeries, 2018-2030 (USD Million)
    10. Animal behavior
      1. Global Neuroscience Market by Animal behavior, 2018-2030 (USD Million)
  6. Global Neuroscience Market -Application Analysis
    1. Global Neuroscience Market overview: By Application
      1. Global Neuroscience Market share, By Application,2019 and 2026
    2. Instrumentation
      1. Global Neuroscience Market by Instrumentation, 2018-2030 (USD Million)
    3. Data Analysis and Services
      1. Global Neuroscience Market by Data Analysis and Services, 2018-2030 (USD Million)
    4. Consumables
      1. Global Neuroscience Market by Consumables, 2018-2030 (USD Million)
  7. Global Neuroscience Market - Regional Analysis
    1. Global Neuroscience Market overview: by Region
      1. Global Neuroscience Market share, by Region, 2019 and 2026
    2. North America
      1. North America Neuroscience Market, 2018-2030 (USD Million)
      1. North America Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      1. North America Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      1. U.S. Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      2. U.S. Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      3. Canada Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      4. Canada Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      5. Mexico Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      6. Mexico Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
    3. Europe
      1. Europe Neuroscience Market, 2018-2030 (USD Million)
      1. Europe Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      1. Europe Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      1. UK Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      2. UK Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      3. Germany Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      4. Germany Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      5. France Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      6. France Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      7. Italy Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      8. Italy Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      9. Spain Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      10. Spain Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      11. Netherlands Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      12. Netherlands Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      13. Rest of Europe Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      14. Rest of Europe Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
    4. Asia Pacific
      1. Asia Pacific Neuroscience Market, 2018-2030 (USD Million)
      1. Asia Pacific Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      1. Asia Pacific Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      1. China Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      2. China Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      3. Japan Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      4. Japan Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      5. India Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      6. India Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      7. Australia Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      8. Australia Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      9. South East Asia Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      10. South East Asia Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      11. South Korea Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      12. South Korea Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      13. Rest of Asia Pacific Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      14. Rest of Asia Pacific Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
    5. Latin America
      1. Latin America Neuroscience Market, 2018-2030 (USD Million)
      1. Latin America Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      1. Latin America Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      1. Brazil Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      2. Brazil Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      3. Argentina Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      4. Argentina Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      5. Chile Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      6. Chile Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      7. Rest of Latin America Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      8. Rest of Latin America Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
    6. Middle East & Africa
      1. Middle East & Africa Neuroscience Market, 2018-2030 (USD Million)
      1. Middle East & Africa Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      1. Middle East & Africa Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      1. GCC Countries Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      2. GCC Countries Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      3. Nigeria Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      4. Nigeria Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      5. South Africa Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      6. South Africa Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
      7. Rest of Middle East & Africa Neuroscience Market revenue, By Type, 2018-2030 (USD Million)
      8. Rest of Middle East & Africa Neuroscience Market revenue, By Application, 2018-2030 (USD Million)
  8. Company Profiles
    1. Doric Lenses Inc
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    2. GE Healthcare
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    3. Siemens Healthineers
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    4. Laserglow Technologies
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    5. Mightex Systems
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    6. Prizmatix
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    7. Kendall Research Systems LLC
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    8. Noldus Information Technology
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    9. Med Associates Inc
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    10. Phoenix Technology Group
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    11. NeuroNexus
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments

 

List of Figures

  1. Market research process
  2. Market research methodology
  3. Global Neuroscience Market, 2018-2030 (USD Million)
  4. Porter’s Five Forces Analysis
  5. Global Neuroscience Market attractiveness, By Type
  6. Global Neuroscience Market attractiveness, By Application
  7. Global Neuroscience market share, By Type, 2019 and 2026
  8. Global Neuroscience Market by Whole Brain Imaging, 2018-2030 (USD Million)
  9. Global Neuroscience Market by Neuro-microscopy, 2018-2030 (USD Million)
  10. Global Neuroscience Market by Electrophysiology, 2018-2030 (USD Million)
  11. Global Neuroscience Market by Neuro-functional analysis, 2018-2030 (USD Million)
  12. Global Neuroscience Market by Neuro-proteomic analysis, 2018-2030 (USD Million)
  13. Global Neuroscience Market by Neuro-cellular manipulation, 2018-2030 (USD Million)
  14. Global Neuroscience Market by Neuro-biochemical assays, 2018-2030 (USD Million)
  15. Global Neuroscience Market by Stereotaxic surgeries, 2018-2030 (USD Million)
  16. Global Neuroscience Market by Animal behavior, 2018-2030 (USD Million)
  17. Global Neuroscience market share, By Application, 2019 and 2026
  18. Global Neuroscience Market by Instrumentation, 2018-2030 (USD Million)
  19. Global Neuroscience Market by Data Analysis and Services, 2018-2030 (USD Million)
  20. Global Neuroscience Market by Consumables, 2018-2030 (USD Million)
  21. Global Neuroscience Market share, by Region, 2019 and 2026
  22. North America Neuroscience Market, 2018-2030 (USD Million)
  23. Europe Neuroscience Market, 2018-2030 (USD Million)
  24. Asia Pacific Neuroscience Market, 2018-2030 (USD Million)
  25. Latin America Neuroscience Market, 2018-2030 (USD Million)
  26. Middle East & Africa Neuroscience Market, 2018-2030 (USD Million)

 

List of Tables

  1. Global Neuroscience Market: snapshot
  2. Drivers of the Neuroscience Market: impact analysis
  3. Restraints of the Neuroscience Market: impact analysis
  4. North America Neuroscience Market revenue, By Product Type,2018-2030 (USD Million)
  5. North America Neuroscience Market revenue, By Application,2018-2030 (USD Million)
  6. Europe Neuroscience Market revenue, By Product Type,2018-2030 (USD Million)
  7. Europe Neuroscience Market revenue, By Application,2018-2030 (USD Million)
  8. Asia Pacific Neuroscience Market revenue, By Product Type,2018-2030 (USD Million)
  9. Asia Pacific Neuroscience Market revenue, By Application,2018-2030 (USD Million)
  10. Latin America Neuroscience Market revenue, By Product Type,2018-2030 (USD Million)
  11. Latin America Neuroscience Market revenue, By Application,2018-2030 (USD Million)
  12. Middle East & Africa Neuroscience Market revenue, By Product Type,2018-2030 (USD Million)
  13. Middle East & Africa Neuroscience Market revenue, By Application,2018-2030 (USD Million)
  • Doric Lenses Inc
  • GE Healthcare
  • Siemens Healthineers
  • Laserglow Technologies
  • Mightex Systems
  • Prizmatix
  • Kendall Research Systems LLC
  • Noldus Information Technology
  • Med Associates Inc
  • Phoenix Technology Group
  • NeuroNexus

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An Overview on Research Methodology used at Syndicate Market Research:

1.1 Research Methodology

The process of market research at Syndicate Market Research is an iterative in nature and usually follows following path. Information from secondary is used to build data models, further the results obtained from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new information is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the market providers. The revenue generated from the sales of market is calculated through primary and secondary research. The key players operating in the market across the globe are identified through secondary research and a corresponding detailed analysis of the top vendors in the market is done. The market size calculation also includes clinical trial phase segmentation determined using secondary sources and verified through primary sources.

1.2 Secondary Research

The secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The sources for secondary research includes but is not limited to: Factiva, Hoovers and Statista

1.3 Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ clinical trial phase managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4 Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data types to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways - Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.

1.5 Research Limitations

Inflation is not a part of pricing in this report. Prices of the products and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each type has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down this market by end user in each region.

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