New York City, NY -- (SBWIRE) -- 03/03/2017 -- Neuroscience Market: Drivers and Challenges

Increasing R&D in neuroinformatics for the development of efficient tools and algorithms to enhance brain structurally and functional mapping of the brain are the factors driving the growth of the global neuroscience market. Laboratories and academic institutes that are involved in research projects analyzing animal models to gain insights into brain functioning are generating more demand and fueling the neuroscience market growth. Rise in the incidence of various malignant central nervous system (CNS) disorders including Alzheimer's disease and Parkinson's, & growing prevalence of inherited genetic disorders are the main reasons for demand generation in the global neuroscience market. Government funding is encouraging the continuation of such research and it is expected to boost growth at a moderate rate during the forecast period. Novel product development resultant of ongoing R&D will further positively influence growth of the global neuroscience market during the forecast period.

Neuroscience Market: Key Players

Major players operating in this market include Trifoil Imaging Inc., Sutter Instrument Corporation, Newport Corporation, Neurotar Ltd., Femtonics Ltd., Scientifica Ltd., Axion Biosystems, Intan Technologies, Neuralynx Inc, Thomas Recording GmbH, Blackrock Microsystems LLC, LaVision Biotec GmbH, Mediso Medical Imaging Systems, Plexon Inc, Alpha Omega, and NeuroNexus Technologies. Major players present in the global neuroscience market are involved in pre-clinical research and development of optogenetics and behavior analysis techniques that can be utilized in the study of CNS disease etiology. These players are also involved in the development of techniques and equipment that minimize invasiveness during the treatment or surgery to the brain tissues and allow rapid recovery.

Neuroscience Market: Regional Overview

Geographically, neuroscience market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The neuroscience market is currently dominated by the North America owing to the presence of a large number of ongoing research projects aided by government universities. Moreover, rise in incidence of CNS associated disorders in the regional population is also expected to boost growth over the forecast period. Asia Pacific expected to witness higher growth in neuroscience market due to rising patient awareness regarding nervous system disorders, & rising healthcare expenditures coupled with increasing focus of global players in the countries like India and China. The market will typically witness a higher growth rate in countries such as the Germany, Spain, U.K., Italy and France. The neuroscience market in the U.K. is developed and well-established, and is comparatively easy to enter, making the neuroscience market in the country stronger than in any other European countries.

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