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The global population is aging rapidly, with a significant increase in the proportion of elderly individuals in many countries. Aging is a major risk factor for neurodegenerative diseases and age-related cognitive decline, leading to a higher prevalence of conditions such as Alzheimer's and Parkinson's diseases.
For instance, according to the World Health Organization (WHO), by 2030, one-sixth of the global population will be aged 60 or older, increasing from 1 billion in 2020 to 1.4 billion. By 2050, the number of individuals aged 60 and above is expected to double to 2.1 billion, with the number of those aged 80 or older tripling to 426 million. Thus, as the elderly population grows, there is a corresponding rise in demand for neuroprotection therapies to address age-related neurological disorders and maintain cognitive function in older adults.
Neuroprotection industry size was USD 38.3 billion in 2023 and is estimated to exceed USD 70.7 billion by 2032 driven by rising need for safeguarding neuron structure and function in the brain and nervous system.
Neuroprotection market from the oral route of administration segment recorded USD 24.9 billion in valuation in 2023, due to advancements in pharmaceutical formulations to improve efficacy, bioavailability, and stability of oral neuroprotection agents.
The antioxidants product segment is estimated to reach USD 14.7 billion by 2032, led by ongoing research underscoring the potential for slowing disease progression and preserving cognitive function.
North America neuroprotection industry held 40.6% of the market revenue share in 2023 and will see expansion till 2032 owing to the presence of advanced healthcare infrastructure and research facilities.