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Neuroscience is a $600+ Billion Market
<!DOCTYPE html> <html lang="en"> <head> <meta charset="UTF-8"> <title> Neuroscience is a $600+ Billion Market </title> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <link rel="canonical" href="https://www.biopharmatrend.com/post/744-neuroscience-diagnostics-and-therapeutics-are-a-600-billion-market/" /> <!-- Google tag (gtag.js) --> <script async src="https://www.googletagmanager.com/gtag/js?id=G-YK7FCK71TD"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-YK7FCK71TD'); </script> <meta name="description" content="" /> <meta name="keywords" content="" /> <!-- Twitter Card data --> <meta name="twitter:card" content="summary_large_image"> <meta name="twitter:title" content="Neuroscience is a $600+ Billion Market"> <meta name="twitter:description" content=""> <meta name="twitter:image" content="https://www.biopharmatrend.com/files/blog/social/AI_benchmarking_1.jpg"> <!-- Open Graph data --> <meta property="og:type" content="article" /> <meta property="og:url" content="https://www.biopharmatrend.com/post/744-neuroscience-diagnostics-and-therapeutics-are-a-600-billion-market/" /> <meta property="og:title" content="Neuroscience is a $600+ Billion Market" /> <meta property="og:description" content="" /> <meta property="article:published_time" content="2024-01-24T17:52:56+00:00"> <meta property="article:modified_time" content="2024-01-24T17:52:56+00:00"> <meta name="author" content="Andrii Buvailo"> <meta property="og:image" content="https://www.biopharmatrend.com/files/blog/social/AI_benchmarking_1.jpg"> <script type="application/ld+json">{ "@context": "https://schema.org", "@type": "Article", "headline": "Neuroscience is a $600+ Billion Market", "datePublished": "2024-01-24T17:52:56+00:00", "dateModified": "2024-01-24T17:52:56+00:00", "description": "According to a 2023\nDeloitte\nreport, \"Sizing the Brain,\" by\n\u00c1lvaro Nu\u00f1o P\u00e9rez\n,\nJose M Su\u00e1rez\n, and\nMichel LE BARS\n, providing an in-depth analysis of the global neuroscience market (GNM). 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expressed by Contributors are their own and do not represent those of their employers, or BiopharmaTrend.com. <br> Contributors are fully responsible for assuring they own any required copyright for any content they submit to BiopharmaTrend.com. This website and its owners shall not be liable for neither information and content submitted for publication by Contributors, nor its accuracy.</p> </div> </div> <div> <span class="glyphicon glyphicon-calendar" title="Published on"></span> <time datetime="2024-01-24">Jan. 24, 2024</time> </em> </div> <div class="tags"> <b>Topics: </b> <a href="/topic/neurotech/">NeuroTech</a> </div> <div> <strong>Share: </strong> <a target="_blank" rel="nofollow" href="https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fwww.biopharmatrend.com/post/744-neuroscience-diagnostics-and-therapeutics-are-a-600-billion-market/"> <img alt="Share in LinkedIn" src="/static/img/soc-in.7bc286fd757e.png" width="28" height="28"></a> <a target="_blank" rel="nofollow" href="https://www.reddit.com/submit?url=https%3A%2F%2Fwww.biopharmatrend.com/post/744-neuroscience-diagnostics-and-therapeutics-are-a-600-billion-market/"> <img alt="Share in Reddit" src="/static/img/soc-reddit.342e87a07115.png" width="28" height="28"></a> <a target="_blank" rel="nofollow" href="https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.biopharmatrend.com/post/744-neuroscience-diagnostics-and-therapeutics-are-a-600-billion-market/"> <img alt="Share in X" src="/static/img/soc-x.3c80e8291cba.png" width="28" height="28"></a> <a target="_blank" rel="nofollow" href="https://news.ycombinator.com/submitlink?u=https%3A%2F%2Fwww.biopharmatrend.com/post/744-neuroscience-diagnostics-and-therapeutics-are-a-600-billion-market/"> <img alt="Share in Hacker News" src="/static/img/soc-y.587f16a5f3f3.png" width="28" height="28"></a> <a target="_blank" rel="nofollow" href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.biopharmatrend.com/post/744-neuroscience-diagnostics-and-therapeutics-are-a-600-billion-market/&display=page"> <img alt="Share in Facebook" src="/static/img/soc-fb.3031a5a810f0.png" width="28" height="28" /></a> <a target="_blank" rel="nofollow" href="mailto:?subject=Biopharmatrend.com&body=https%3A%2F%2Fwww.biopharmatrend.com/post/744-neuroscience-diagnostics-and-therapeutics-are-a-600-billion-market/"> <img alt="Send by email" src="/static/img/soc-mail.41ce3608f438.png" width="28" height="28"></a> </div> </footer> <section> <p>According to a 2023 <a data-attribute-index="0" data-entity-type="MINI_COMPANY" href="https://www.linkedin.com/company/deloitte/">Deloitte</a> report, "Sizing the Brain," by <a data-attribute-index="2" data-entity-type="MINI_PROFILE" href="https://www.linkedin.com/in/ACoAACR0FgsByEcTY0_kEkigFKUhFFkboyrso8o">Álvaro Nuño Pérez</a>, <a data-attribute-index="4" data-entity-type="MINI_PROFILE" href="https://www.linkedin.com/in/ACoAAAjZd-gBq2wOvvE8qKd1pVlKy04oEyyEKW0">Jose M Suárez</a>, and <a data-attribute-index="6" data-entity-type="MINI_PROFILE" href="https://www.linkedin.com/in/ACoAAAAPBmUBMeHwcZZEFT3tvecPomhTpdxtzNU">Michel LE BARS</a>, providing an in-depth analysis of the global neuroscience market (GNM). Here's a summary of the key points:</p> <div style="overflow: hidden;"><p>- brain disorders are a major cause of disability and the second leading cause of death globally. As of now, 12 mental health disorders affect nearly 970 million people, which is about one-eighth of the global population. - despite the high prevalence of brain disorders, innovations in neuroscience have been limited, especially in the development of new psychopharmacological drugs, since the last century. - the report estimates the GNM to be worth $612 billion in 2022, with a projection to grow to $721 billion by 2026. This growth is expected to have a compound annual growth rate (CAGR) of 4.2%. - GNM is segmented into diagnostic solutions, drug therapies, and non-drug therapies. Different segments show varying growth rates, with digital health expected to grow the most rapidly, as well as molecular diagnostics. - the development of effective brain therapies is hindered by a limited understanding of the brain's biology, the inadequacy of traditional pharmacological treatments, and the lack of early diagnostic tools. - North America and Europe dominate the GNM, but the Asia-Pacific region is expected to grow significantly in high-growth segments like digital health. - medical imaging and next-generation sequencing technologies are key drivers in the neuroscience diagnostic market. - pharmacological interventions against multiple sclerosis, anxiety, mood disorders, and substance abuse disorders dominate the neuroscience drug market. - the neuropharmacology landscape faces challenges due to historically low efficiency in clinical development compared to other therapeutic areas (you all know that anyway, a "graveyard" of drug candidates). - the report suggests that investment bodies adjust strategies based on current revenue levels across GNM segments and target regions, with an emphasis on high-growth segments like digital health and molecular diagnostics.</p></div> <div class="access-premium text-center"> <h3>Continue reading</h3> <p><big>This content available exclusively for BPT Mebmers</big></p> <div><a href="/membership/?success_page=/post/744-neuroscience-diagnostics-and-therapeutics-are-a-600-billion-market/&utm_source=website&utm_medium=post&utm_campaign=post_744" class="btn btn-bpt-white"> BPT Membership </a></div> <div><button type="button" onclick="document.getElementById('login-popup').classList.toggle('hidden')" class="btn btn-link" style="color:white; vertical-align: middle;"> Sign in </button></div> </div> <p> <b>Topics: </b> <a href="/topic/neurotech/">NeuroTech</a> </p> </section> </article> <div style="margin: 1em 0 2em; padding: 0.5em 0;"> <strong>Share: </strong> <a target="_blank" rel="nofollow" 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