Press release
Neurodiagnostics Market Expected to Reach USD 12.80 Bn by 2030
Neurodiagnostics Market
The global neurodiagnostics market, valued at USD 7.81 billion in 2023, is projected to reach approximately USD 12.80 billion by 2030, growing at a robust CAGR of 7.3% during 2024-2030. This growth is fuelled by the increasing prevalence of neurological disorders, rapid advancements in diagnostic imaging and testing technologies, and rising investments in healthcare infrastructure.
This market is characterized by strong competition among Siemens Healthineers, Thermo Fisher Scientific, Philips Healthcare, GE Healthcare, F. Hoffmann-La Roche AG, Natus Medical, Lifelines Neuro, Nihon Kohden, and others, who are aggressively innovating across clinical diagnostics and imaging systems.
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►Competitive Landscape
key players are focusing on strategic expansions, product portfolio enhancement, partnerships, acquisitions, and R&D investments to consolidate their global positions.
Higher Demand in North America: the region (particularly the United States) held the largest share and is expected to continue leading due to high healthcare spending, widespread adoption of advanced neurodiagnostic tools, and strong patient awareness.
►Regional Insights
United States - Growth & Opportunity
The U.S. leads market penetration thanks to aging demographics, high incidence of Alzheimer's, epilepsy, and stroke, and strong reimbursement frameworks.
M&A & Consolidation: Major acquisitions such as Thermo Fisher Scientific expanding into neurodiagnostic testing via bolt-ons, and GE Healthcare acquiring imaging‐related startups to complement their diagnostic portfolio.
Key Developments: In April 2023, Oculogica (a U.S. company) rolled out roadside impairment testing using eye‐tracking headsets-highlighting innovation in field-capable neurodiagnostics.
Asia‐Pacific - Trends & Opportunity
Asia-Pacific is the fastest‐growing region with projected growth rates higher than global averages (around 8.4%-8.5% CAGR), driven by escalating healthcare investments in China, India, Japan, and Southeast Asia, coupled with expanding infrastructure and awareness.
M&A & Consolidation: Regional diagnostics labs and neurotechnology firms in China and India are increasingly merging or forming partnerships with global players like Philips or GE for distribution and tech transfer.
Key Developments: Adoption of portable EEG and AI-enabled neuroimaging tools is accelerating across hospitals and clinics.
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Europe - Trends & Consolidation
Europe remains a mature market with strong healthcare systems in Germany, UK, France, and Nordic countries. Demand is propelled by an aging population and increasing cases of neurodegenerative disorders.
M&A & Consolidation: Siemens Healthineers and Philips Healthcare continue to lead with acquisitions of smaller imaging‐tech innovators to reinforce their dominance across Europe.
Key Developments: Initiatives in advanced MRI, PET, and functional neuroimaging technology integration.
Middle East & Africa - Opportunity & Updation
This region is showing emerging demand, primarily from GCC countries and South Africa, fueled by rising healthcare budgets and awareness.
M&A & Consolidation: Partnerships between local healthcare providers and international neurodiagnostic firms are forming-especially for deploying imaging fleets and training.
Key Developments: Expansion of diagnostic imaging centers in urban hubs like Dubai and Johannesburg, focusing on stroke and epilepsy evaluation capabilities.
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► Market Segmentation: In-Depth Analysis:
by Product
Clinical Testing Instruments
Diagnostics and Imaging System
Reagents and Consumables
by Condition
Neurodegenerative Disorders
Epilepsy
Sleep disorder
Stroke
by End-Users
Hospitals and Clinics
Diagnostic laboratories and Imaging centers
Others
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-neurodiagnostics-market/82854/
► Learn about the top players driving innovation in the Market :
1. Siemens Healthineers
2. Thermo Fischer Scientific
3. Hitachi
4. Koninklijke Philips
5. GE healthcare
6. Neuro Diagnostics Devices
7. Lifelines Neurodiagnostics systems
8. Zynex NeuroDiagnostics
9. Digital NeuroDiagnostics
10. Ridge Diagnostics
11. Bio-Rad Laboratories
12. F-Hoffmann La-Roche AG
13. Mitsar Co. Ltd.
14. Nihon Kohden Corporation
15. QIAGEN N.V.
16. Natus Medical Incorporated
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► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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