The Outbreak of the Coronavirus (COVID-19) Pandemic and the Increasing Predominance of Neurodegenerative Ailments is Fueling the Growth of the Neuroprotective Products Market During the Forecast Period 2023-2028

The Neuroprotective Products Market size is estimated to reach $28.3 billion by 2028, growing at a CAGR of 6.9% during the forecast period 2023-2028. The growth of the Neuroprotective Products Market is greatly fueled by the outbreak of the Coronavirus (COVID-19) pandemic and the increasing predominance of neurodegenerative ailments. Numerous COVID-19 patients have demonstrated neurological symptoms and indicators since the onset of the COVID-19 pandemic. The increasing pervasiveness of neurodegenerative ailments requires neuroprotective products for treatment and care. Most typically, cholinesterase inhibitors or acetylcholinesterase (AChE) inhibitors are utilized in the treatment of neurodegenerative ailments like Alzheimer’s disease, Parkinson's disease and Lewy body dementia. This further fuels the growth of the Neuroprotective Products Industry, while contributing to the Neuroprotective Products Industry Outlook. The neuroprotective medications, NMDA receptor antagonists are efficient against numerous kinds of neuronal injury. Neurotropic factors manage the conception, survival, migration and differentiation of cells in the nervous system.

Neuroprotective Products Market Growth Drivers:

Surging Applications of Cholinesterase Inhibitors:

As per the Centers for Disease Control and Prevention (CDC), 5.8 million Americans were suffering from Alzheimer’s Disease in 2020. The pervasiveness of Alzheimer’s Disease (AD) with old age being the biggest risk factor is anticipated to increase greatly during the next 50 years, along with the trend for expanded longevity. Cholinesterase inhibitors are a drug class utilized for the symptomatic treatment of AD. Current proof from preclinical investigations signifies that these agents can lessen neuronal injury and demise from cytotoxic insults and might influence AD pathogenesis. The surging applications of Cholinesterase Inhibitors are therefore driving the growth of the Neuroprotective Products Market.

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Vital Significance of NMDA Receptor Antagonists and Neurotropic Factors:

Fifteen to thirty percent of patients with the notable depressive disorder do not respond to antidepressants that aim at the monoaminergic systems. NMDA antagonists are presently being examined actively as a treatment for these patients. As neuroprotective medications, NMDA antagonists are efficient against various kinds of neuronal injury and demonstrate a window of activity that does not surpass 1-2 h, thereby recommending an influence of NMDA receptors in the 'early' or 'acute' mechanisms of brain injury. Among NMDA antagonists, glycine antagonists or the morphinans dextromethorphan and dextrorphan demonstrated a range of antiepileptiform and neuroprotective actions more extensive than other NMDA antagonists. The vital significance of NMDA Receptor Antagonists and Neurotropic Factors are therefore propelling the growth of the Neuroprotective Products Industry. This contributes to the Neuroprotective Products Industry Outlook.

Product Launch:

In December 2021, Roche declared the introduction of the AVENIO Edge System. This is a root constituent of Roche’s strategy to promote sequencing technologies.

Neuroprotective Products Market: Competitive Landscape

Key companies holding major shares in the Neuroprotective Products Market are Genervon Biopharmaceuticals, NeuroVive Pharmaceutical, Ceregene, BHRPharma, Neuren Pharmaceuticals, Allon therapeutics, Bionure Inc., F. Hoffmann-La Roche AG, Eli Lilly and Company and Daiichi Sankyo Company.