Regional Analysis
Neuroplasticity Market Regional Insights
- North America is expected to dominate the global neuroplasticity market with a market share of over 33.0% in 2023. For instance, according to data published in December 2022 by the Parkinson's Foundation, an estimated 930,000 people in the U.S. were suffering from Parkinson's disease in 2020.
- Europe is the second-largest market for neuroplasticity, with a market share of over 20.0% in 2023. This is due to the increasing awareness about brain health and neuroplasticity in the region, which is supporting the development and adoption of neuroplasticity therapies. For instance, in February 2021, the World Federation of Neurology, an organization based in Brussels, Belgium, which aims to foster quality neurology and brain health worldwide, announced the launch of the Brain Health Initiative, a global campaign to promote the importance of brain health. This initiative centers on free, comprehensive information on a variety of topics such as why brain health is important and what happens when brains are not healthy. The program aims to reduce the burden of brain diseases and disorders, which are the second leading cause of death globally.
- Asia Pacific is the third largest market for neuroplasticity, with a market share of over 18.0% in 2023. This is due to an increase in the research and development activities in the region. For instance, in November 2020, the National Institute of Mental Health and Neuro Sciences, India, initiated a clinical trial titled “Examining Neuroplasticity Modulation as the Mechanistic Basis of tDCS Treatment Effects on Auditory Verbal Hallucination in Schizophrenia”. The study is estimated to be completed on August 31, 2025.
Figure 1. Global Neuroplasticity Market Share (%), By Region, 2023
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- North America: U.S. and Canada
- Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East