Increasing Predominance of Neurological Disorders is Fuelling the Growth of Neurotherapeutic Drugs Market During the Forecast Period 2022-2027

The Neurotherapeutic Drugs Market size is projected to reach $112.3 billion by 2027, growing at a CAGR of 5.4% during the forecast period 2022-2027. The growth of the neurotherapeutic drugs market is greatly fueled by the extensive use of medicines to alleviate peripheral neurotherapy signs and symptoms and the increasing predominance of neurological disorders. Pain relievers like over-the-counter medicines including non-steroidal anti-inflammatory medications can alleviate gentle symptoms. For serious symptoms, painkillers may be prescribed by the physician. Anti-seizure medicines, topical treatments and antidepressants may also be applied to treat epilepsy, bring about modest improvements in peripheral neuropathy symptoms and alleviate the pain of peripheral neuropathy brought about by diabetes. Alzheimer’s Disease, Parkinson’s Disease, Huntington’s Disease, neurological cancers, epilepsy and additional traumas are typical neurological disorders. Neurotherapeutic drugs are therefore prescribed for handling such neurological disorders causing anxiety. A neurological examination includes a physical examination to recognize signs of ailments influencing the brain, spinal cord and nerves (nervous system). Certain typical central nervous system disorders include Transverse Myelitis (TM), Multiple Sclerosis and Alzheimer’s Disease. 

Neurotherapeutic Drugs Market Growth Drivers:

A neurological examination assesses brain and nervous system functioning. One may benefit from a neurological examination if one displays signs of a neurological disorder. Alzheimer's disease (AD) is an advancing, irrevocable, deadly brain ailment that distorts cognitive functions. It influences 35 million people globally and the count of people enduring it may rise to 100 million by 2050 if no efficient treatments are available. Brain drug targeting by nanomedicines is a potential approach to enhance brain targeting specificity, brain bioavailability and patient compliance. The presently accessible pharmacotherapy for AD and the neurotherapeutic applications as well as the progress of nanomedicine for treating AD have been examined. The current advancements of different nanomedicines including phytopharmaceuticals for treating AD have been emphasized. The surging neurotherapeutic applications of nanomedicine for treating Alzheimer’s Disease are therefore driving the growth of the Neurotherapeutic Drugs Industry, thereby contributing to the Neurotherapeutic Drugs Industry Outlook.

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The central nervous system (CNS) serves a vital role in regulating human behavior. It includes the brain, spinal cord and optic nerves. As per endobios.com, the brain is the most complicated organ in the body and utilizes 20% of the total oxygen breathed in. A person influenced by any kind of central nervous system disorder may be recognized owing to symptoms like lag in developmental milestones, alterations in activity, reflexes or motions and abnormal head development. Multiple Sclerosis is a central nervous system disorder that includes an inflammatory invasion that may happen anywhere within the CNS. As per World Health Organization (WHO), around 50 million people globally endure epilepsy, classified under neurological disorders. The increasing predominance of central nervous system disorders is therefore propelling the growth of the Neurotherapeutic Drugs Market.

Acquisition:

In July 2021, BD (Becton, Dickinson and Company) declared that it had acquired Tepha, Inc. Tepha's proprietary resorbable polymer (Poly 4-hydroxybutyric acid, P4HB) technology platform offers added innovation potential.

Neurotherapeutic Drugs Market: Competitive Landscape

Key companies holding major shares in the Neurotherapeutic Drugs Market are Abbott Laboratories, Inc., Becton, Dickinson and Company, Novartis AG, Johnson & Johnson, Pfizer, Inc., Sanofi-Aventis, Biogen, Inc, GlaxoSmithKline, Inc., AstraZeneca plc and Merck & Co.