Parkinson’s Disease Therapeutics Market Poised to Grow at a CAGR of 5.8% by 2024
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By admin
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January, 1970
Infinium Global Research has added a new report on Parkinson’s Disease Therapeutics Market. The report presents analysis of global as well as regional markets of parkinson’s disease therapeutics market over the period of 2016 to 2024. Parkinson's disease is a long-term degenerative disorder of the nervous system that mainly affects the nerve cells in the brain. The symptoms such as dementia, anxiety, and depression generally come on slowly over time. Other symptoms of this disease are improper motor movements, muscle stiffness, uncontrolled body movement and balance problems. Presently Parkinson's disease is incurable, only treatments options such as medication and surgery to manage the symptoms are available. Parkinson's disease generally affects the older people who are above 50 years of age and the risk increases with increasing age. The Parkinson's disease treatment is used to control symptoms such as shaking of hands, uncontrolled movement of body, and others. The therapeutic methods like levodopa consolidation with carbidopa are measured as an effective treatment for the symptoms of Parkinson's disease. Another option that is surgical treatment is also available but it is effective for those patients who are previously responded to levodopa therapy.
Some of the major factors driving the growth of this market are
rising growth in aged population joined with growing frequency of Parkinson's
disease in the developed countries is boosting the growth of the Parkinson’s
disease therapeutics market. Furthermore, growing environmental factors and genetic
heredity are also facilitating the growth of the market. Furthermore, Upsurge
in consciousness regarding Parkinson’s disease and high clinical R&D budget
by the governments and non-profit organizations are anticipated to boost the
growth of this market over upcoming years. The favorable product pipeline
represents the potential development opportunities during the forecast period.
On the other hand expiration of patent drugs is projected to hamper the market
growth.
Geographically, North America is expected to hold the largest
market share in Parkinson’s disease Therapeutics Market followed by Europe and
Asia Pacific. Growth in North America region is mainly due to growing spending
on healthcare, developed healthcare infrastructure and promising medical
compensation policies. As per the Parkinson Association of the Carolinas,
nearly 60,000 Americans are diagnosed with Parkinson’s disease each year.
Factors responsible for the growth in Europe region is owing to growing
government enterprises for promoting the healthcare sector and augmented
adoption of research and development activities in this region. Furthermore,
Asia Pacific region is driven by growing numbers of healthcare organizations,
growth in geriatric population and growing frequency of Parkinson’s disease.
Countries like India, China, and Japan are the key market players in this
region for Parkinson’s disease therapeutics market. Moreover,
the growth matrix presented by Infinium Global Research identifies the key
investment markets in the near future, this will not only help the companies to
understand the competitive position in the global parkinson’s disease
therapeutics market but also make strategic decisions to capture the most
lucrative markets in the near future. The market size is presented in terms of
value for the historic year 2016 and estimated for forecast period of
2018-2024.
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The recent report identified that
North America dominated the global parkinson’s disease therapeutics market over
the last couple of years, while emerging markets of Asia-Pacific and Latin
America are anticipated to contribute significantly to the growth in the
parkinson’s disease therapeutics market worldwide.
The report segments the global
parkinson’s disease therapeutics market on the basis of Drug Class,
Distribution Channel and End User.
Global Parkinson’s Disease Therapeutics Market by Drug Class
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Carbidopa/Levodopa
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Dopamine Receptor Agonists
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Mao Inhibitors
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Comt Inhibitors
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Anticholinergics
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Other Drugs
Global Parkinson’s Disease
Therapeutics Market by Distribution Channel
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Hospital Pharmacies
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Retailer Pharmacies
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Online Pharmacies
Global Parkinson’s Disease
Therapeutics Market by End User
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Hospitals
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Clinics
Companies Profiled in the Report
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GSK
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Merck
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Novartis
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Teva
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Boehringer Ingelheim
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Impax
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Abbvie
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Valeant Pharmaceuticals
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Lundbeck
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Sun Pharma
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