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Neuroprotection Market Trends

Report ID: GMI8567
Published Date: Mar 2024
Report Format: PDF

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Neuroprotection Market Trends

The global population is aging rapidly, with a significant increase in the proportion of elderly individuals in many countries. Aging is a major risk factor for neurodegenerative diseases and age-related cognitive decline, leading to a higher prevalence of conditions such as Alzheimer's and Parkinson's diseases.

For instance, according to the World Health Organization (WHO), by 2030, one-sixth of the global population will be aged 60 or older, increasing from 1 billion in 2020 to 1.4 billion. By 2050, the number of individuals aged 60 and above is expected to double to 2.1 billion, with the number of those aged 80 or older tripling to 426 million. Thus, as the elderly population grows, there is a corresponding rise in demand for neuroprotection therapies to address age-related neurological disorders and maintain cognitive function in older adults.

Advances in novel drug delivery systems have greatly enhanced the efficacy and specificity of neuroprotection treatments.
Traditional drug delivery methods face challenges in effectively targeting drugs to the brain while minimizing systemic side effects. However, technological innovations such as nanotechnology-based drug delivery which is estimated to reach USD 308.4 billion by 2032 systems, implantable drug delivery devices, and targeted drug delivery techniques utilizing biomaterials or nanotechnology allow for precise and controlled delivery of neuroprotection agents to the central nervous system.
These advancements improve drug bioavailability, enhance therapeutic efficacy, and reduce the risk of adverse effects, thereby stimulating the development and adoption of neuroprotection treatments.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Neuroprotection industry size was USD 38.3 billion in 2023 and is estimated to exceed USD 70.7 billion by 2032 driven by rising need for safeguarding neuron structure and function in the brain and nervous system.

The antioxidants product segment is estimated to reach USD 14.7 billion by 2032, led by ongoing research underscoring the potential for slowing disease progression and preserving cognitive function.

Neuroprotection market from the oral route of administration segment recorded USD 24.9 billion in valuation in 2023, due to advancements in pharmaceutical formulations to improve efficacy, bioavailability, and stability of oral neuroprotection agents.

North America neuroprotection industry held 40.6% of the market revenue share in 2023 and will see expansion till 2032 owing to the presence of advanced healthcare infrastructure and research facilities.