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Market Size in USD Billion
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USD 1.07 Billion |
| USD 1.98 Billion | |
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Global Nerve Growth Factor (NGF) Market, By Type (Alpha-NGF, Beta-NGF, Gamma-NGF, Others), Indication (Neurodegenerative Disorders, Spinal Cord Injuries, Eye Disorders, Epithelial Diseases, Tissue Healing, Others), Regulation (Endocrine System (Neuro), Immune System, Others), Agents (Cenegermin, Others), Route of Administration (Oral, Parenteral, Others), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy) – Industry Trends and Forecast to 2030
The nerve growth factor (NGF) market is expected to witness significant growth during the forecast period. Growing cases of Alzheimer’s disease, corneal ulcer, glaucoma, retinitis pigmentosa which causes tissue damage to the immune system drives the nerve growth factor market. The growth of the nerve growth factor (NGF) market is enhanced by the growing cases of neurological disorders and the rise in the R&D activities that many pharmaceutical companies conduct. COVID-19 also had a major impact on the market growth.
Data Bridge Market Research analyses a growth rate in the nerve growth factor (NGF) market in the forecast period 2023-2030. The expected CAGR of nerve growth factor (NGF) market is tend to be around 7.9% in the mentioned forecast period. The market was valued at USD 1.07 billion in 2022, and it would grow upto USD 1.98 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Alpha-NGF, Beta-NGF, Gamma-NGF, Others), Indication (Neurodegenerative Disorders, Spinal Cord Injuries, Eye Disorders, Epithelial Diseases, Tissue Healing, Others), Regulation (Endocrine System (Neuro), Immune System, Others), Agents (Cenegermin, Others), Route of Administration (Oral, Parenteral, Others), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Dompé farmaceutici S.p.A (Italy), Pfizer Inc. (U.S.), Regeneron Pharmaceuticals Inc (U.S.), Astellas Pharma Inc. (Japan), Merck KGaA (Germany), Sanofi (France), Promega Corporation (U.S.), Alomone Labs (Israel), Bio-Rad Laboratories, Inc. (U.S.), Prospec-Tany Technogene Ltd. (Israel), CUSABIO TECHNOLOGY LLC (U.S.), Biocare Medical, LLC (U.S.), Lilly (U.S.), Teva Pharmaceutical Industries (Israel), Mitsubishi Chemical Group Corporation (Japan)
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Market Opportunities
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Drivers
Neurodegenerative disorders, particularly Parkinson and Alzheimer NGF help to cure from these disease. NGF helps to promote nerve cell regeneration or improve the nerves' function after a spinal cord injury. In ocular disorders, NGF is widely used in ocular. NGF regulates ocular surface homeostasis in several ways, including epithelial health, immune modulation, limbal stem cell proliferation, and tear production. Thus, NGF plays a major role in the betterment of the ocular disorder patients and thus is increasing the market growth.
As per the reports of the National Institute on Aging, about 524 million individuals, were above the age of 65 years in the year 2010. This number is anticipated to rise and reach upto 1.5 billion, which is around 16% of the global population, by 2050. In India, aged people (60 years and above) consist of 8.6% of the total population (India Census 2011), which is expected to reach 19% by 2050. According to the 2019 report, there were around 703 million persons aged 65 years or above in the world in 2019. The number of older persons is projected to double to 1.5 billion in 2050. This boost the market growth.
Opportunities
Alzheimer disease is one of the most top cause of dementia. In the U.S., about 5.5 million people are affected, and the incidence is expected to rise high upto 24 million in the coming years worldwide. More than 6 million Americans of all age groups have Alzheimer's. An estimated 6.5 million Americans age 65 years and above are surviving with Alzheimer's in 2022. About 1 in 9 age 65 and older (10.7%) has Alzheimer's. Furthermore, Alzheimer's disease and dementia are found to be most common in Western Europe and least common in Sub-Saharan Africa This helps in demanding more of these growth factors thus boosts the market growth.
Restraints/Challenges
There are several complications that gets associated with the use of NGF and these could impede the growth of the global nerve growth factor (NGF) market during the forecast period. Excessively high levels of NGF have also been associated with cancer tumor growth, asthma, and the worsening of acquired immunodeficiency syndrome (AIDS). All these factors restrict the growth of the market.
This nerve growth factor (NGF) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nerve growth factor (NGF) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The nerve growth factor (NGF) market is segmented on the basis of type, indication, regulation, agents, route of administration,distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Indication
Regulation
Agents
Route of Administration
End User
Distribution Channel
The nerve growth factor (NGF) market is analyzed and market size insights and trends are provided by type, indication, regulation, agents, route of administration,distribution channel and end-user as referenced above.
The major countries covered in the nerve growth factor (NGF) market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America has been witnessing a positive growth for nerve growth factor (NGF) market throughout the forecasted period 2023-2030 because of the high incidence and occurrence rate of neurodegenerative diseases in the regions. As per the McGovern Institute for Brain Research at MIT, brain disorders contribute majorly to the global disease burden. Also, the increasing number of chronic diseases also boost the market growth. More than one million adults in the U.S. are diagnosed with chronic brain diseases and disorders.
Asia-Pacific dominates the market because of the increasing elderly population suffering from eye disorders, and increasing presence of generic manufacturers. The strategic collaborations between academic research institute and pharmaceutical giants to develop new drugs is most likely to contribute in the market growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The nerve growth factor (NGF) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nerve growth factor (NGF) market
Key players operating in the nerve growth factor (NGF) market include:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.