The Nerve Growth Factor Market is there to witness remarkable growth in the forecast period. The existing scenario implies the consumerization of healthcare. In other words, technology is relieving the hospital staff from providing an appropriate level of the care needed, that too, in a better way. Data-driven diagnosis has seen the light of the day in wake of habits and requirements of smartphone-oriented patients. This would be the future of the healthcare vertical.
The nerve growth factor is a neurotrophic growth factor called neutrophin which supports growth and elasticity of neurons of the peripheral and central nervous system. According to the National Institute of Environment Health Sciences, over 9.3 million individual in U.S. are predicted to be affected with Parkinson’s disease by 2020. Nerve growth factor regulates the growth of the nerve that regulates the sensation of touch, heat and pain.
The elevated level of nerve growth factor is causing inflammatory diseases, multiple sclerosis and psychiatric disorders. The nerve growth factor is of several types such as beta-nerve growth factor, HSAN5, NGFB, NGF_HUMAN and others.
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The research finding indicating the impact of several growth factors including nerve growth factor on COVID-19 are expected to impact the overall growth of the global nerve growth factor amid the coronavirus pandemic. Since viruses are impacted the growth factors and the tyrosine kinase signaling for their replication.
Surging prevalence of neurological diseases, growing geriatric populations and the advancing therapies for the vast spectrum of neurological diseases, injuries and others are expected to drive the growth of the global nerve growth factor market.
The growing population of the aged population, increasing awareness of neurological disorders such as dementia, amnesia, depressions, etc. induced by the stressful lifestyle are fueling the market growth. The research on the blocking molecules of nerve growth factors for the therapy of several diseases ranging from viral infections, gynecological complications to Alzheimer is pushing the investments into this market.
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North America and Europe are expected to rule the global nerve growth factor market due to their huge prevalence and incidence of neurodegenerative diseases. Europe is burdened with brain diseases which account for 35% of the total diseases.
The growing awareness and escalating research and clinical progress are expected to further push the nerve growth factor market in North America and Europe. The Asia-Pacific nerve growth factor is expected to grow at a fast pace, driven by the emerging therapies, massive patient base and increasing awareness of brain diseases.
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