Published on 30 Jan 2023 on Insider Monkey via Yahoo Finance
In this article, we will discuss the 15 Biggest Neuroscience Companies in the World. You can skip our industry overview and go directly to the 5 Biggest Neuroscience Companies in the World.
As the name suggests, neuroscience concerns itself with the development, structure, and functions of the nervous system, intending to enhance neurological health. According to the World Health Organization, one out of every three persons will suffer from a neurological disorder at some point in their lives, making these disorders the leading cause of disability and the second leading cause of death, accounting for approximately 9 million deaths each year.
At the same time, WHO recognizes that in most countries, the "treatment gap" for these disorders is "unacceptably high." This implies a massive opportunity for neuroscience companies. As per IMARC, the global neuroscience market was valued at $32.22 billion in 2021 and is expected to rise to $41.24 billion by 2027 at a CAGR of 3.80%.