Press release
Empowering Neuroprotection: Market Growth Projections & Trends 2024-2031
Neuroprotection Market - DataM Intelligence
Neuroprotection Market is expected to grow at a CAGR of 8.2% during the forecast period 2024-2031
Neuroprotection refers to the capacity to promote recovery, salvage, and regeneration of the nervous system's structure, cells, and functions. It involves the prevention of neuronal cell death by inhibiting pathogenic cascades that lead to cellular dysfunction.
Various neurochemical modulators can cause damage to the nervous system, highlighting the importance of therapeutic approaches aimed at preserving neuronal integrity and function. The ultimate goal of neuroprotection is to mitigate the harmful effects of neurodegenerative processes and enhance the brain's resilience to injury or disease.
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Neuroprotection Market Trends
The neuroprotection market is expected to experience significant growth driven by increasing investment in research and development (R&D), rising novel product launches, and ongoing drug discovery efforts. The growing adoption of neuroprotection products for the prevention and treatment of various neurodegenerative disorders, including Parkinson's disease and multiple sclerosis, is fueling market expansion. Additionally, the escalating prevalence of neurological diseases further contributes to market growth, prompting increased R&D activities by healthcare companies aimed at developing innovative products.
Neuroprotection finds application in a wide range of disorders such as stroke, trauma, Alzheimer's disease, Parkinson's disease, multiple sclerosis, Huntington's disease, and spinal muscular atrophy. The market for these applications is expanding globally in response to the rising incidence of these conditions. Moreover, the availability of technologically advanced products from key players is expected to drive market growth.
The market's growth is also supported by various factors such as novel product launches, regulatory approvals, and ongoing research studies. For example, on July 5, 2022, Biogen Inc. and Eisai Co., Ltd. announced that their Biologics License Application (BLA) for lecanemab, an investigational antibody targeting anti-amyloid beta (Aβ) protofibrils, was accepted by the U.S. Food and Drug Administration. Lecanemab is intended for the treatment of mild cognitive impairment caused by Alzheimer's disease and mild Alzheimer's disease with amyloid pathology in the brain, representing a significant advancement in neuroprotection therapy.
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Neuroprotection Industry Segmentation
By Product Type
Anti-Inflammatory Agents
Free Radical Trapping Agents
Anti-Excitotoxic Agents
Apoptosis Inhibitors
Iron Chelators
Neurotrophic Factors
Stimulants
Gene Therapy
By Type
Prevention
Treatment
By Application
Alzheimer's Disease
Parkinson's Disease
Multiple Sclerosis
Stroke
Spinal Muscular Atrophy
Huntington's Disease
Creutzfeldt-Jakob disease (CJD)
Others
By End-User
Hospitals
Specialty Clinics
Market Key Players
Major players are F. Hoffmann-La Roche AG, Eli Lilly and Company, Novartis AG, AstraZeneca, Teva Pharmaceutical Industries Ltd., Biogen, Astrocyte Pharmaceuticals, Inc., AbbVie Inc., Medtronic and Merck KGaA.
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