Press release
Neurodiagnostics Market Size, Share, Growth and Trends, Report 2024-2031
Neurodiagnostics Market || 2024-2031
Neurodiagnostics involves assessing brain function to understand cognitive abilities, sensory processing, motor coordination, and language skills. It plays a crucial role in evaluating brain activity patterns, identifying dysfunction areas, and guiding rehabilitation for patients with brain injuries, developmental disorders, or cognitive impairments.
As individuals age, they become more susceptible to neurological disorders such as Alzheimer's disease, Parkinson's disease, stroke, and dementia. Research and diagnosis are essential for understanding the progression of these conditions, developing effective treatments, and improving the quality of life for the elderly. With the aging population, the demand for neurodiagnostic services is expected to grow, driving market expansion.
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Market Dynamics:
Increasing Prevalence of Neurological Diseases Will Drive the Market Growth
The increasing prevalence of neurological disorders, including Alzheimer's disease, amyotrophic lateral sclerosis (ALS), Huntington's disease, Parkinson's disease, and spinal muscular atrophy, is expected to drive the demand for neurodiagnostic products. According to the Alzheimer's Association 2023, approximately 6.7 million Americans aged 65 and older are living with Alzheimer's disease, with 73% being 75 years or older. About one in nine adults aged 65 and older (10.7%) is affected, and women make up roughly two-thirds of these cases in the U.S. Without significant medical advancements, the number of individuals aged 65 and older with Alzheimer's is projected to increase to 12.7 million by 2050. This rising prevalence of neurological conditions is a key factor fueling growth in the neurodiagnostics market.
Segment Covered in the Neurodiagnostics Market:
By Product: Diagnostic & Imaging Systems, Clinical Testing Instruments, Reagents & Consumables.
By Condition: Neuro Degenerative Disease, Epilepsy, Stroke, Headache Disorder, Sleep Disorder, Others.
By End-User: Hospital and Surgery Centers, Ambulatory Care Centers, Diagnostic Laboratories & Imaging Centers, Neurology Centers, Others.
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Key players involved in Neurodiagnostics Market:
• Hoffman-La Roche AG
• GE Healthcare
• Siemens Healthineers
• Philips Healthcare
• Hitachi Ltd
• FUJIFILM Holdings Corporation
• Mitsar Co Ltd
• Thermo Fischer Scientific Inc
• Bio-Rad Laboratories
• QIAGEN NV
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Regional Analysis:
The global Neurodiagnostics Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Neurodiagnostics Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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