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Neurotech Devices Market Trends

  • Report ID: GMI4559
  • Published Date: Nov 2023
  • Report Format: PDF

Neurotech Devices Market Trends

Surging number of elderly population base suffering with neurological disorders will positively impact the industry development. The neurological disorders such as Alzheimer’s, dementia, Parkinson’s disease coupled with chronic back and limb pain are most likely to affect people post 65 years of age. In such conditions using neurotech devices therapies play a pivotal role in treating such conditions.
 

  • Alzheimer's disease is one of the most common neurological disorders among the elderly. According to the Alzheimer's Association in the U.S., an estimated 6.7 million Americans aged 65 years and older are presently living with Alzheimer's, and this number was projected to rise significantly in the coming years.
     
  • As the elderly population base expands, there is a greater need for neurotech devices for both diagnosis and treatment.
Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Nootropic Supplements industry was valued at around USD 2,000 million in 2022 and is estimated to reach USD 4,796 million by the end of 2032, driven by increasing consumer awareness of cognitive health and performance enhancement.

Memory enhancement segment is anticipated to grow at 8.7% CAGR through 2032, attributed to the growing demand for products targeting cognitive performance and memory retention among students, professionals, and older adults.

North America market was worth USD 690.5 million in 2022 and is anticipated to expand at a significant pace from 2023-2032, driven by the increasing consumer awareness of cognitive health, a thriving wellness culture, and the presence of prominent players in the region.

Double Wood Supplements, Onnit Labs, Mental Mojo, Life Extension, Thorne Research, Mind Lab Pro, Gaia Herbs, TruBrain , Solaray, HVMN (Nootrobox Inc), Zhou Nutrition, and Kimera Koffee.

Neurotech Devices Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 241
  • Countries covered: 22
  • Pages: 195
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