(PharmaNewsWire.Com, July 21, 2017 ) According to the report " Neurotherapeutics Market ", published by Market Data Forecast, the global market is projected to reach USD 7,602 Million by 2021, at a CAGR of 5.20 % from 2016 to 2021.
Neurologic disorders are defined as a change in the function of a nervous system and are mainly caused due to structural change in activity of spinal cord, brain, and other nerves. These disorders involve progressive deterioration in mental and physical capabilities which disrupts the patient and patient’s family. Genetic disorders, brain injury, infections, congenital health problems and other traumas cause change in the brain activity which leads to various diseases such as Parkinson’s, neurological cancers, Alzheimer’s, Huntington’s disease, epilepsy etc.
The major factors that are driving the growth of the Neurotherapeutics market are Rise in the geriatric population, increasing R&D expenditure, a better understanding of the nature of neurologic diseases. Restrictions by regulatory bodies, lack of proper reimbursement policy, and lack of awareness in some developing countries are the major restraints that hamper the growth of the dental device market.
Some of the major companies dominating the global market are Abbott Laboratories Inc., Becton, Novartis AG, Dickinson and Company, Pfizer Inc., Johnson & Johnson, Biogen Inc., GlaxoSmithKline, Inc., AstraZeneca plc, Sanofi-Aventis, Spiegelberg, Stryker, Covidien, Medtronic, GE healthcare, and Merck & Co.
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