The global neuroscience market is anticipated to reach USD 30.8 billion by 2020, according to a new report by Grand View Research, Inc. Growing developments in the field of neuroinformatics and rise in patented research initiatives supported and funded by the government are factors anticipated to drive this market during the forecast period. The introduction of novel technologies for mapping neuronal circuits in the brain to enhance understanding of brain function are expected to boost growth of this market over the forecast period. Furthermore, increasing global geriatric population is anticipated to significantly drive demand for neuroscience based research as this segment of the population is more prone towards high risk of CNS disorders such as Parkinsonism and Alzheimer’s thereby propelling market growth.
http://www.grandviewresearch.com/industry-analysis/neuroscience-market
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