Nervous System Active Pharmaceutical Ingredients Market Size

Nervous System Active Pharmaceutical Ingredients Market size was over USD 209.4 Billion in 2023 and is expected to reach USD 380.44 Billion by the end of 2036, witnessing around 4.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of nervous system active pharmaceutical ingredients is assessed at USD 218.26 Billion. The reason behind the growth is impelled by the growing presence of chronic diseases across the globe. This as a result is increasing the demand for active pharmaceutical ingredients as they are largely used to treat both acute and chronic pain.

The nervous system gets affected by several chronic disorders which necessitates the use of nervous system active pharmaceutical ingredients to help patients in managing these conditions. Every year, 17 million death take place globally owing to chronic diseases.

The growing geriatric population is believed to fuel the market growth. The elderly population is more prone to several neurological diseases such as Alzheimer’s, and Parkinson’s disease, and the rising number of elderly populations across the globe is estimated to drive market growth. Nervous system APIs help in managing the symptoms of these disorders and also help in pain management resulting from other age-related diseases.  According to estimates, the number of individuals in the world who are 60 or older will rise to over 2 billion by 2050.