Neurology Clinical Trials Market Analysis: $7.54 Billion by 2029 With a CAGR of 6.8%

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Neurology Clinical Trials Market Value Projection: How Much Will the Market Size by 2025?
The market size of clinical trials in neurology has seen considerable growth in the past few years. The market that's worth $5.42 billion in 2024 is predicted to rise to $5.80 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. The growth witnessed in the historic period is due to a surge in neurological disorders, increase in demand for new treatment methods, growth in the elderly population, augmenting investments in research and development by pharma companies, and a rise in awareness and diagnosis rates of neurological conditions.

What Will Be the Market Growth Forecat for Neurology Clinical Trials in 2029?
The market size of clinical trials in neurology is predicted to experience notable expansion in the coming years. It is expected to reach a value of $7.54 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.8%. This anticipated growth during the forecast period can be credited to the rising acceptance of precision medicine, increased emphasis on studies centered on biomarkers, the growing usage of artificial intelligence in the designing of trials, the expanding drug pipeline in neurology, and escalating government backing and funds for research in neurology. Trends projected to shape the forecast period include the progression in neuro-imaging technologies, refined data analytics for stratifying patients, the creation of adaptable trial designs, innovations in neurological monitoring devices that are wearable, and the development of clinical trial models that are decentralized.

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What Are the Core Competitive Drivers in the Neurology Clinical Trials Industry?
The increasing prevalence of neurological disorders is expected to propel the growth of the neurology clinical trials market going forward. Neurological disorders refer to conditions that affect the brain, spinal cord, or nerves, impairing the nervous system's normal function. Neurological disorders are increasing primarily due to the aging population, as older adults are more susceptible to age-related conditions such as Alzheimer's and Parkinson's disease. Neurology clinical trials help in neurological disorders by testing new treatments, drugs, or interventions to improve diagnosis, manage symptoms, slow disease progression, and enhance patient outcomes. For instance, in September 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, the number of Australians living with dementia is expected to more than double, increasing from 411,100 in 2023 to 849,300 by 2058. Additionally, by 2058, an estimated 315,500 men and 533,800 women will be living with dementia. Therefore, the increasing prevalence of neurological disorders is driving the growth of the neurology clinical trials market.

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Which Neurology Clinical Trials Market Segment Is Projected to See the Fastest Growth?
The neurology clinical trials market covered in this report is segmented -

1) By Phase: Phase I, Phase II, Phase III, Phase IV
2) By Study Design: Interventional, Observational, Expanded Access
3) By Indication: Epilepsy, Parkinson's Disease (PD), Huntington's Disease, Stroke, Traumatic Brain Injury (TBI), Amyotrophic Lateral Sclerosis (ALS), Muscle Regeneration, Other Indications
4) By End-User: Hospitals, Clinics, Research Institutes, Other End- Users

Subsegments:
1) By Phase I: Drug Safety Evaluation, Pharmacokinetics Assessment, Dosage Range Finding, Tolerability Studies
2) By Phase II: Efficacy Evaluation, Dose Response Studies, Therapeutic Effectiveness, Biomarker Identification
3) By Phase III: Large Scale Efficacy Studies, Safety Monitoring, Comparative Effectiveness, Risk Benefit Analysis
4) By Phase IV: Post Marketing Surveillance, Long Term Safety Follow Up, Real World Evidence Collection, Quality Of Life Assessment

Which Trends Are Opening New Opportunities in the Neurology Clinical Trials Market?
Leading companies active within the neurology clinical trials market are focusing on creating novel solutions such as monoclonal antibodies. These solutions target specific neurologic pathways to enhance treatment effectiveness and speed up the creation of unprecedented therapies. Monoclonal antibodies are engineered molecules that are produced in a lab, designed to identify and connect to certain proteins or antigens. They're often used for disease treatments and diagnostics, owing to their precision. For instance, in July 2024, Kisunla (donanemab-azbt), a drug utilized for the early symptomatic treatment of Alzheimer's disease, was introduced by U.S.-based pharmaceutical company, Eli Lilly and Company. The drug slows down cognitive and functional deterioration, thus enabling eligible patients to maintain independence and daily life engagement. It specifically targets and minimizes amyloid plaques in the brain, and clinical trials have shown a disease progression reduction of up to 35% compared to a placebo, particularly in patients with less advanced diseases.

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Who Are the Leaders in the Neurology Clinical Trials Market?
Major companies operating in the neurology clinical trials market are AbbVie Inc., Sanofi S.A., Novartis AG, Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., IQVIA Holdings Inc., Biogen Inc., ICON plc., Syneos Health, Charles River Laboratories International Inc., Parexel International Corporation, CMIC Holdings Co. Ltd., Medpace Holdings Inc., PSI CRO AG., Supernus Pharmaceuticals Inc., Worldwide Clinical Trials LLC., Ergomed plc., Biotrial S.A.S., Clinilabs Drug Development Corporation, Lindus Health Ltd.

Which Regional Neurology Clinical Trials Markets Offer the Greatest Growth Potential?
North America was the largest region in the neurology clinical trials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neurology clinical trials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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