Neuroplasticity Market Growth Accelerated by Surging Demand for Neuroplasticity Therapies

Neuroplasticity refers to the brain's ability to form new neural connections throughout life. Neuroplasticity therapy helps in overcoming neural injuries and neurological disorders by nurturing the brain's innate ability to rewire itself. Neuroplasticity therapies are used for treating cerebral palsy, cognitive decline, multiple sclerosis, stroke, traumatic brain injuries and other neurological disorders. The advantages of neuroplasticity therapies include improved cognitive function, minimized disabilities, and enhanced quality of life. The Global Neuroplasticity Market Size is estimated to be valued at US$ 7.62 Bn in 2024 and is expected to exhibit a CAGR of 12 % over the forecast period 2024-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Surging demand for neuroplasticity therapies: The demand for neuroplasticity therapies is growing significantly owing to the rising prevalence of neurological disorders globally. Neuroplasticity therapies are witnessing increased adoption for treating cognitive decline associated with Alzheimer's disease, cerebral palsy, traumatic brain injuries, and stroke. Furthermore, advancements in neuroplasticity therapies including non-invasive brain stimulation techniques such as repetitive Transcranial Magnetic Stimulation (rTMS) and Transcranial Direct Current Stimulation (tDCS) are boosting the market growth.

Segment Analysis
The global neuroplasticity market can be segmented based on process, intervention type, application, and region. Based on process, the market can be segmented into neuroplasticity and neurogenesis. Neuroplasticity segment dominated the market in 2022 and is expected to maintain its dominance during the forecast period of 2024-2030. This is due to the growing application of neuroplasticity in various medical conditions such as brain injury, stroke, and depression.

Key Takeaways
The neuroplasticity market is expected to witness high growth during the forecast period of 2024-2030.

Regional analysis: North America region dominated the neuroplasticity market in 2022 and is expected to maintain its dominance during the forecast period. This is due to factors such as increasing healthcare expenditure, rising demand for neuroplasticity therapies, and presence of key market players in the region.

Key players operating in the neuroplasticity market include Medxcel Facilities Management, Ecolab Inc., ABM Industries Inc., Aramark Corporation, and Vanguard Resources Inc. Medxcel Facilities Management dominated the market in 2022 owing to its extensive service portfolio and global presence.

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