San Francisco, August 01, 2018: The global brain disease market is experiencing an exponential rise in demand. Rapid progression in technological advancement forms the major driving in promoting the growth of the market, reports TMR Research in their report titled, “Brain Disease Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” Rising awareness about brain diseases among consumers across the world is pushing the market.
Brain diseases can be referred to any damage caused to brain through health conditions such as trauma, seizures, strokes, and tumors. It has been found that change in sleeping hours could worsen the collapse related with brain diseases like Alzheimer’s disease. . Lack of sleep among middle aged population tend to make them more vulnerable to brain diseases. This is an important factor in driving the global market as there is a steep rise in the growth of middle aged population. Other factors leading the growth of the market are rise in occurrence of neurological disorders and increase in need for brain monitoring devices.
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On the basis of infections, the brain diseases market can be segmented into encephalitis and meningitis. Meningitis is caused by the inflammation of spinal cord and brain membranes. On the basis of trauma, the brain disease can be classified into hemorrhage, traumatic brain injury, and concussion. Concussions affects the brain and makes one lose consciousness.
The global brain disease market is present across Europe, North America, Asia Pacific and the rest of the world. North America accounted for the major market share for the year 2016 due to rise in demand for technologically advanced equipment for treatment and surge in occurrence of neurological diseases. Asia Pacific is expected to become the fasted growing market due to growth in awareness about brain disorders in future. Some of the major companies are AstraZeneca plc, boston Scientic Corporation, F. Hoffmann-La Roche Ltd., Omeros Corporation and Sapiens Neuro.
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San Francisco, California, May 16, 2017: A new research report by TMR Research offers a detailed analysis of the global brain disease market and highlights the key aspects that are expected to influence the growth of the market in the near future. The research study, titled “Brain Disease Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” presents insights into the market segments and the competitive landscape. In addition to this, the limitations and challenges that are being faced by the leading players have been addressed in the scope of the research study.
The high rate of development of the healthcare infrastructure and the rising focus of key players on improving their drug pipeline and therapeutics are the key factors that are anticipated to encourage the overall growth of the market in the near future. In addition, the increasing reimbursement policies and the availability of advanced therapeutics for brain disorders are projected to supplement the market’s growth in the near future. On the flip side, the high cost of treatments and the lack of awareness among consumers in several developing economies are projected to hamper the growth of the global brain disease market throughout the forecast period.
Nevertheless, the increasing focus of the leading players to introduce effective and advanced treatments are expected to bolster global market in the near future. The global market for brain diseases has been classified on the basis of type and treatments. The expansion of the product segment and the emergence of new therapeutics are likely to contribute extensively towards the market’s growth in the near future. The research study offers a detailed overview of the key segmentation and presents insights into the expected statistics of the each segment included in the study.
From a regional perspective, North America is anticipated to witness a high growth throughout the forecast period and is predicted to hold a major share of the market. Europe is estimated to follow North America in the coming years. The rapid growth of this region can be attributed to the rising cases of neurological disorders and the growing demand for effective and technologically advanced equipment. On the other hand, Asia Pacific is projected to register a healthy growth in the coming years, thanks to the rising number of government initiatives to develop healthcare infrastructure. Moreover, the growing awareness among consumers concerning several brain disorders is likely to accelerate the growth of the market in the near future.
Some of the leading players operating in the brain disease market across the globe are F. Hoffmann-La Roche Ltd., AstraZeneca plc, Medtronic, Inc., Boston Scientific Corporation, Omeros Corporation, and Sapiens Neuro. These players are making notable efforts to enhance their market presence by introducing new drugs and therapeutics. In addition, the anticipated entry of new players is predicted to accelerate the growth of the global brain disease market in the next few years.