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Neurophotonics Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 121
  • SKU: IRTNTR73104
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The neurophotonics market share is expected to increase by USD 397.53 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.66%.

This neurophotonics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers neurophotonics market segmentations by application (research, diagnostics, and therapeutics) and geography (North America, Europe, Asia, and Rest of World (ROW)). The neurophotonics market report also offers information on several market vendors, including Bruker Corp., Cairn Research Ltd., Carl Zeiss AG, Femtonics Ltd., HemoPhotonics SL, Hitachi Ltd., HORIBA Ltd., Intelligent Imaging Innovations Inc., ISS Inc., John Wiley and Sons Inc., Leica Microsystems, Nanoscope Technologies LLC, Nikon Corp., NIRx Medical Technologies LLC, Olympus Corp., PerkinElmer Inc., fNIR Devices LLC, Thermo Fisher Scientific Inc., Vielight Inc., and Artinis Medical Systems among others.

What will the Neurophotonics Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Neurophotonics Market Size for the Forecast Period and Other Important Statistics

 

Neurophotonics Market: Key Drivers, Trends, and Challenges

The increasing prevalence of neurological disorders is notably driving the neurophotonics market growth, although factors such as unawareness of neurological disorders may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the neurophotonics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Neurophotonics Market Driver

The increasing prevalence of neurological disorders is one of the key drivers supporting the neurophotonics market growth. Neurological disorders are increasingly recognized as the major cause of death and disability worldwide. Low- and middle-income countries continue to bear the brunt of neurological illnesses. Significantly, governments will face increased demand for treatment, rehabilitation, and support services for neurological disorders as populations expand and age, and the prevalence of severe debilitating neurological disorders rises sharply with age, contributing to market expansion. Genetic disorders, congenital anomalies or disorders, and others are some of the causes of neurological disorders. Hence, the increasing prevalence of neurological disorders will fuel the market growth during the forecast period.

Key Neurophotonics Market Trend

Future opportunities in neurophotonics is one of the key neurophotonics market trends that is contributing to the market growth. Neurophotonics is a fast emerging field that has attracted a lot of attention from academia, industry, government, and healthcare around the world. It uses a variety of optical techniques, like microscopy and spectroscopy, to get a multiscale understanding of the structures and functions of a normal as well as a diseased brain, along with the nervous systems. Advances in rapid peripheral immune cell phenotyping employing sophisticated biophotonics methodologies and associated big data deep learning analytical tools will be critical for remote neurophotonics development. Therefore, these elements contribute to the market growth during the forecast period

Key Neurophotonics Market Challenge

Unawareness of neurological disorders is one of the factors hindering the neurophotonics market growth. It can, however, lead to harmful impacts and make care management difficult. Awareness is a complex and multidimensional entity with neurological, neuropsychological, psychopathological, and psychosocial elements that are yet poorly understood. Unawareness is a partial and dimensional phenomenon that is sometimes misunderstood as a categorical phenomenon. Neurological disorders can be difficult to diagnose because symptoms of one condition can be similar to another. Neurology has an especially close relationship with psychology and psychiatry, as all three disciplines focus on the functions and disorders of a single organ, the brain. However, neurological syndromes can be mistaken for psychiatric conditions. Such factors will limit the neurophotonics market growth during the forecast period.

This neurophotonics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global neurophotonics market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the neurophotonics market during the forecast period.

Who are the Major Neurophotonics Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Bruker Corp.
  • Cairn Research Ltd.
  • Carl Zeiss AG
  • Femtonics Ltd.
  • HemoPhotonics SL
  • Hitachi Ltd.
  • HORIBA Ltd.
  • Intelligent Imaging Innovations Inc.
  • ISS Inc.
  • John Wiley and Sons Inc.
  • Leica Microsystems
  • Nanoscope Technologies LLC
  • Nikon Corp.
  • NIRx Medical Technologies LLC
  • Olympus Corp.
  • PerkinElmer Inc.
  • fNIR Devices LLC
  • Thermo Fisher Scientific Inc.
  • Vielight Inc.
  • Artinis Medical Systems

 

This statistical study of the neurophotonics market encompasses successful business strategies deployed by the key vendors. The neurophotonics market is fragmented and the vendors are deploying growth strategies such as partnership, agreement, collaboration, and joint ventures to compete in the market.

Product Insights and News

  • Artinis Medical Systems - Through the unified segment, the company offers image quality assessment of x-ray devices and near-infrared spectroscopy devices used to monitor tissue oxygenation. 
  • Artinis Medical Systems - The company offers optical imaging systems product manufacturing. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The neurophotonics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Neurophotonics Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the neurophotonics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Neurophotonics Market?

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42% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the neurophotonics market in North America. Market growth in this region will be faster than the growth of the market in ROW.

An increase in surgical procedures will facilitate the neurophotonics market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic in 2020 certainly had a negative impact on the neurophotonics market in North America. However, in 2021, the demand for neurophotonics increased as end-user applications resumed due to the onset of COVID-19 vaccination drives. Thus, the increased demand contributes to the market growth.

What are the Revenue-generating Application Segments in the Neurophotonics Market?

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The neurophotonics market share growth by the research segment will be significant during the forecast period. The research segment holds a major share in the global neurophotonics market and is expected to continue during the forecast period. Neurosciences are undergoing a transformation and changes as a result of advances in optical technologies. Optical technologies for imaging and manipulating brain structure and functions range from a non-invasive macroscopic analysis of the cortical activities in human subjects to observation of intracellular organelles and protein assemblies. Moreover, the global neurophotonics market has made significant progress in identifying diseases such as neurological disorders and improving diagnosis and therapy due to increased funding for brain research. Such investments will drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the neurophotonics market size and actionable market insights on post COVID-19 impact on each segment.

 

Neurophotonics Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.66%

Market growth 2022-2026

$ 397.53 million

Market structure

Fragmented

YoY growth (%)

6.97

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 42%

Key consumer countries

US, Canada, UK, Spain, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Bruker Corp., Cairn Research Ltd., Carl Zeiss AG, Femtonics Ltd., HemoPhotonics SL, Hitachi Ltd., HORIBA Ltd., Intelligent Imaging Innovations Inc., ISS Inc., John Wiley and Sons Inc., Leica Microsystems, Nanoscope Technologies LLC, Nikon Corp., NIRx Medical Technologies LLC, Olympus Corp., PerkinElmer Inc., fNIR Devices LLC, Thermo Fisher Scientific Inc., Vielight Inc., and Artinis Medical Systems

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Neurophotonics Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive neurophotonics market growth during the next five years
  • Precise estimation of the neurophotonics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the neurophotonics industry across North America, Europe, Asia, and Rest of World (ROW)
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of neurophotonics market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Research - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Research - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Research - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Research - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Research - Year-over-year growth 2021-2026 (%)
    • 5.4 Diagnostics - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Diagnostics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Diagnostics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Diagnostics - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Diagnostics - Year-over-year growth 2021-2026 (%)
    • 5.5 Therapeutics - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Therapeutics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Therapeutics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Therapeutics - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Therapeutics - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 40: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 Asia - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Asia - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Asia - Year-over-year growth 2021-2026 (%)
    • 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
    • 7.7 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.8 UK - Market size and forecast 2021-2026
      • Exhibit 66: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.9 Japan - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.10 Spain - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Spain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Spain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Spain - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Spain - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Artinis Medical Systems
              • Exhibit 89: Artinis Medical Systems - Overview
              • Exhibit 90: Artinis Medical Systems - Key offerings
            • 10.4 Bruker Corp.
              • Exhibit 91: Bruker Corp. - Overview
              • Exhibit 92: Bruker Corp. - Business segments
              • Exhibit 93: Bruker Corp. - Key news
              • Exhibit 94: Bruker Corp. - Key offerings
              • Exhibit 95: Bruker Corp. - Segment focus
            • 10.5 Cairn Research Ltd.
              • Exhibit 96: Cairn Research Ltd. - Overview
              • Exhibit 97: Cairn Research Ltd. - Key offerings
            • 10.6 Carl Zeiss AG
              • Exhibit 98: Carl Zeiss AG - Overview
              • Exhibit 99: Carl Zeiss AG - Business segments
              • Exhibit 100: Carl Zeiss AG - Key offerings
              • Exhibit 101: Carl Zeiss AG - Segment focus
            • 10.7 Femtonics Ltd.
              • Exhibit 102: Femtonics Ltd. - Overview
              • Exhibit 103: Femtonics Ltd. - Product / Service
              • Exhibit 104: Femtonics Ltd. - Key offerings
            • 10.8 HemoPhotonics SL
              • Exhibit 105: HemoPhotonics SL - Overview
              • Exhibit 106: HemoPhotonics SL - Product / Service
              • Exhibit 107: HemoPhotonics SL - Key offerings
            • 10.9 HORIBA Ltd.
              • Exhibit 108: HORIBA Ltd. - Overview
              • Exhibit 109: HORIBA Ltd. - Business segments
              • Exhibit 110: HORIBA Ltd. - Key news
              • Exhibit 111: HORIBA Ltd. - Key offerings
              • Exhibit 112: HORIBA Ltd. - Segment focus
            • 10.10 Intelligent Imaging Innovations Inc.
              • Exhibit 113: Intelligent Imaging Innovations Inc. - Overview
              • Exhibit 114: Intelligent Imaging Innovations Inc. - Product / Service
              • Exhibit 115: Intelligent Imaging Innovations Inc. - Key offerings
            • 10.11 ISS Inc.
              • Exhibit 116: ISS Inc. - Overview
              • Exhibit 117: ISS Inc. - Product / Service
              • Exhibit 118: ISS Inc. - Key offerings
            • 10.12 Nanoscope Technologies LLC
              • Exhibit 119: Nanoscope Technologies LLC - Overview
              • Exhibit 120: Nanoscope Technologies LLC - Product / Service
              • Exhibit 121: Nanoscope Technologies LLC - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 122: Inclusions checklist
                • Exhibit 123: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 124: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 125: Research methodology
                • Exhibit 126: Validation techniques employed for market sizing
                • Exhibit 127: Information sources
              • 11.5 List of abbreviations
                • Exhibit 128: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The neurophotonics market growth will increase by $397.53 million during 2022-2026.
              The neurophotonics market is expected to grow at a CAGR of 8.66% during 2022-2026.
              Technavio has segmented the neurophotonics market by application (Research, Diagnostics, and Therapeutics) and geographic (North America, Europe, Asia, and Rest of World (ROW)).
              Bruker Corp., Cairn Research Ltd., Carl Zeiss AG, Femtonics Ltd., HemoPhotonics SL, Hitachi Ltd., HORIBA Ltd., Intelligent Imaging Innovations Inc., ISS Inc., John Wiley and Sons Inc., Leica Microsystems, Nanoscope Technologies LLC, Nikon Corp., NIRx Medical Technologies LLC, Olympus Corp., PerkinElmer Inc., fNIR Devices LLC, Thermo Fisher Scientific Inc., Vielight Inc., Artinis Medical Systems are a few of the key vendors in the neurophotonics market.
              North America will register the highest growth rate of 41.56% among the other regions. Therefore, the neurophotonics market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the neurophotonics market growth are:
              • Increasing prevalence of neurological disorders
              • Future opportunities in neurophotonics
              The neurophotonics market vendors should focus on grabbing business opportunities from the research segment as it accounted for the largest market share in the base year.
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