Brain Disease Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
The latest corporate survey reports predict that the global brain (neurodegenerative) disease market will display and excellent growth and record a substantial CAGR of 3.24 % during the forecast period of the study i.e. 2022 to 2027.
It also explains that the global brain (neurodegenerative) disease market was initially evaluated at US$ 40,127.01 million in the base year of the study i.e. 2021.
The manufacturers and players working within the landscape of the global brain (neurodegenerative) disease market offer solutions for various types of indications, including Alzheimer’s disease, Huntington disease, Parkinson’s disease, and multiple sclerosis, among others.
These manufacturers and players operational in the global brain (neurodegenerative) disease market offer several types of drugs to counter the effects of these disorders, these include cholinesterase inhibitors, immunomodulatory drugs, N-Methyl D-aspartate receptor antagonists, and dopamine agonists, among other types of drugs.
There are various drivers, responsible for driving the development within the global brain (neurodegenerative) disease market in recent years. The latest reports predict that the growth within the global brain (neurodegenerative) disease market will be driven by factors, such as the increasing prevalence of various neurological health conditions, the rising awareness amongst public about these diseases as well as about the availability of proper drugs and medication therapies for their treatment, and impressive and effective drug pipeline for treatment of neurological disorders.
Furthermore, the increasing pool of geriatric population across the globe that is more prone to these neurological distresses is also fuelling the demand within the global brain (neurodegenerative) disease market.
The COVID-19 pandemic severely impacted the growth in the global brain (neurodegenerative) disease market, as it disrupted the flow of various important clinical trials as well as research and development projects which set back the discovery and drug development efforts in the industry by several months.
One of the important factors crucial for the growth of the global brain disease market is technological advancement. Recently, scientists at the University of Utah Health and Stanford University have found a way out in the form of a targeted therapy treatment that slows down the progression of or improves a couple of degenerative brain disorders, viz. ataxia and Lou Gehrig’s disease, which is another name for amyotrophic lateral sclerosis (ALS).
WHO has already estimated a billion people to seek treatment for neurological disorders globally, yet there are fewer treatments available today. While the need for brain disease treatment is urgent, highly targeted and noninvasive treatments such as focused ultrasound approved by the Food and Drug Administration (FDA) could attract attention. With the advent of rare brain disease called ‘rat lungworm disease’ in the Hawaii state of the U.S., the need for accurate and responsive treatments is expected to increase significantly.
While some scientists argue that humans need less sleep with the progression of age, such changes in sleep hours could aggravate the disintegration associated with brain disorders such as Alzheimer’s disease. Moreover, people above 30 years of age suffering from broken sleep and difficulty sleeping are exposed to a greater risk of brain disease. As a result, with a growing number of population aging above 30 years and rising risks of brain disorders, the growth in the global brain disease market could gain a strong impetus. Other factors that could contribute toward the growth of the global brain disease market include the demand for brain monitoring devices and growing occurrence of neurological disorders.
Any damage caused to the brain through injury or health conditions – commonly known as brain disease – can come in different forms, such as infections, trauma, tumors, seizures, and strokes. Headaches, migraines, poor muscle control, memory problems, vision problems, and vomiting or nausea are some of the common symptoms of brain diseases.
Treatments which are available for various brain diseases depend on the diagnosis. The common treatments include drug medication, surgery, radiation therapy, and chemotherapy.
Based on the type of infections, the brain disease market can be into meningitis and encephalitis. Meningitis is characterized by an inflammation in the delicate membrane (meninges) that surrounds the brain and the spinal cord. It is commonly caused by bacterial and viral infection. Encephalitis is characterized by an inflammation in the brain tissue. Meningitis and encephalitis commonly occur together and are collectively termed as meningoencephalitis.
Based on the type of trauma, the brain disease market can be segmented into concussion, traumatic brain injury, and hemorrhage. Concussions are highly traumatic brain injuries that affect brain function and result in loss of consciousness and headaches. A traumatic brain injury can lead to permanent brain damage with mental impairment and can also cause changes in the affected individual’s personality. Bleeding in the brain caused by an injury or high blood pressure is referred to as hemorrhage.
Based on the type of tumor, the brain disease market can be segmented into brain tumor, hydrocephalus, and glioblastoma. Hydrocephalus is a condition in which there is an increase in the amount of cerebrospinal fluid inside the skull, while a glioblastoma is a brain tumor that is highly cancerous and usually occurs in the cerebrum of adults.
Based on geography, the global brain disease market can be segmented into North America, Europe, Asia Pacific and the rest of the world. For 2016, North America held the leading position in the market, followed by Europe. The key drivers for the two regions include a consistently increasing prevalence of neurological diseases and a rising demand for technologically advanced medical equipments for treatment. According to the Central Brain Tumor Registry of the United States, around 350,000 brain and nervous system tumor cases have been registered in the U.S. European countries are also expected to show a steady growth rate in the global brain disease market. In the next few years, Asia Pacific is likely to show a remarkable growth in the brain disease market through fast-paced developments in healthcare infrastructure and a growing demand for advanced treatments. Other factors which could fuel the growth of the market in Asia Pacific are a growing awareness regarding various brain disorders and an increase in the number of patients getting affected with neurological disorders.
It is expected that with time, there will be an influx of more well-established players in the global brain disease market. Some of the leading players operating in the brain disease therapeutics market for 2016 were Medtronic, Inc., AstraZeneca plc, F. Hoffmann-La Roche Ltd., Boston Scientific Corporation, Sapiens Neuro, and Omeros Corporation.
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report