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Brain Disease Market Highly Favorable to the Growth Rate by 2025
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The incidence and prevalence of brain diseases and disorders increase with age. The growing baby booming population is the major factor driving the brain disease market, globally. Rising prevalence of brain diseases is expected to boost the growth of the market. According to the Alzheimer’s Association, Alzheimer’s disease is the 6th leading cause of death in U.S. In addition, the association also estimated that by the prevalence of Alzheimer is anticipated to increase from more than 5 million in 2016 to 15 million in 2050. Due lack of effective treatment for some brain diseases such as brain cancer, they are a huge demand for medicinal treatment. Because of this reason, key market players are intensively focusing on R&D to develop a safe and effective treatment for brain diseases. All these factors act as driver for burgeoning growth of the brain disease market. However, adverse effects associated with the medications of brain diseases is anticipated to hinder the market growth.
The global brain disease market is segmented on basis of diseases, distribution channel and geography
Based on disease, the global brain disease market is segmented into the following:
Brain Cancer
Alzheimer Disease
Alcoholism
Amnesia
Epilepsy
Meningitis
Others
Based on distribution channel, the global brain disease market is segmented into the following:
Hospitals Pharmacy
Online Pharmacy
Pharmacy
The advancement in the medicine and medical technology, and increase in the health care expenditure among the population is anticipated to increase the demand of brain diseases market. The increasing awareness of brain diseases and their treatments in developing countries is anticipated to increase the market growth. Furthermore, the initiatives taken by government for improving healthcare system and reducing prices of brain disease treatment is expected to fuel the brain disease market growth during the forecast period.
North America holds a significant market share of the brain disease market owing to the well-established healthcare infrastructure and rising demand for brain disease treatment among the population is anticipated to propel the growth of the brain disease market. Furthermore, Asia Pacific region is anticipated to show considerable growth rate owing to increase in government investment in healthcare sector and large geriatric patient pool in the region.
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Some of the key players present in global brain disease market are Pfizer Inc., Eli Lilly, F. Hoffmann La Roche AG, GE Healthcare, Janssen Pharmaceuticals, Abbvie Inc., AC Immune SA, Allergan PLC, Merck & Co, Novartis AG, AstraZeneca plc, and others. The companies are focusing on research and development of new drugs to increase their market share in the brain disease market.
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