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The global neurophotonics market size is estimated to grow by USD 606.48 million, at a CAGR of 11% between 2023 and 2028.
Funding assistance for researchers from companies involved in advancing neurology diagnostics and device systems has witnessed a significant increase. This support aims to enhance diagnostic precision and treatment efficacy for neurological disorders, encompassing epilepsy, Alzheimer's disease, cerebrovascular diseases, multiple sclerosis, Parkinson's disease, and more. Notable organizations, such as the National Institute of Health Research (NIHR) in the UK and the National Institute of Neurological Disorders and Stroke (NINDS) in the US, allocate substantial funds for neurological research initiatives. In 2021, NIHR invested USD 1.6 billion in 254 studies, including MRI-based investigations into changes in brain oxygen levels. This surge in funding holds the potential to expedite the growth of the market during the forecast period.
Technavio has segmented the market into Application, Type, and Geography
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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