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These are the approach taken to eradicate or treat a particular disease. Neurology integrated with neuroscience provides an ample amount of useful data to innovate or develop new ways of treatment of various neurological diseases and disorders.
Market Analysis: The global neurology market is expected to increase at a compound annual growth rate (CAGR) of 3.5 percent from $33.3 billion in 2019 to $39.4 billion in 2024.
Between 2018 and 2028, the global market for rare neurological illness treatments is expected to increase at an impressive CAGR of over 8.5 percent, growing 2.3 times. The incidence of rare diseases, the evolving trend of orphan pharmaceuticals, and rising healthcare spending have all contributed to a significant increase in overall sales of rare neurological treatments during the previous decade. As a result, global sales in the uncommon neurological illness treatment market reached a new high in 2019, surpassing the US$ 6.5 billion mark. Furthermore, the rare neurological disease treatment market is expected to be the most attractive market among the rare illness treatment markets, owing to their comparatively high market value share and growth rate. On the back of rising demand for orphan pharmaceuticals, ongoing research and development activities in the field of rare neurological illness therapy are multiplying. Between 2018 and 2028, this is expected to generate an absolute monetary potential of US$ 8.1 billion.
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