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Neurotech Industry 2007 Report Key Findings

In nano on May 31, 2007 at 12:10 am

Neurotechnology Industry Report Says Revenues Grew 10% to $120.5 Billion in 2006; U.S. Economic Impact of Brain-related Illness Reached $1 Trillion
Specific findings from the Neurotechnology Industry 2007 Report include:
• Brain-related illnesses afflict more than two billion people worldwide
• The worldwide economic burden of this problem has reached more than $2 trillion per year; more than $1 trillion in the U.S. alone
• 2006 venture capital investment in neurotechnology rose 7.5% to $1.666 billion
• Neurotech industry revenues rose 10% in 2006 to $120.5 billion; this includes neuropharmaceutical revenues of $101 billion, neurodevice revenues of $4.5 billion, neurodiagnostic revenues of $15 billion
• The Neurotech Index of publicly-traded neurotechnology companies was up 53% from its December 31, 2003 conception to March 31, 2006, outpacing the NASDAQ Biotech Index which gained 7% during the same period

Neurotechnology is still very much a frontier industry. In the past year we’ve reached some important milestones, including formation of NIO, the first industry organization devoted to the specific needs of neurotechnology companies. 2006 was also a tremendous year of growth for the industry, and 2007 looks to continue this trend so as technologies improve and our collective body of knowledge grows. Countless opportunities exist as visionary researchers tackle the complexities of brain-related health and visionary companies, organizations and policy makers address the complexities of bringing those discoveries to the billions of people suffering from brain-related illnesses.

more at source

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