Parkinson’s Disease Therapeutics Market Overview
The recent report by Market Research Future (MRFR) asserts that the global Parkinson’s Disease Therapeutics market 2020 is slated to acquire a substantial market valuation at a moderate CAGR over the review period.
The global market for Parkinson’s Disease Therapeutics Market is expected to grow significantly during the forecast period of 2017 to 2023 according to a new research report by Market Research Future (MRFR). The lack of effective treatment options and the increasing occurrence of the disease has catapulted market growth as there is a high, unmet demand.
The awareness surrounding the disease has grown significantly in the last few years, thus facilitating growth. Moreover, the condition commonly affects the geriatric demographic which is a globally steady growing one. The development of promising drugs and new launches of products and services that assist in the treatment of this currently incurable disease are expected to fuel the considerable growth of the market during the forecast period.
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Parkinson’s Disease Therapeutics Market Segmentation
The global Parkinson’s disease therapeutics market is analyzed on the basis of type, treatment, and end-user. The global Parkinson’s disease therapeutics market, based on the treatment type, is bifurcated into medication and surgical therapy. The medication segment is segmented further into COMT inhibitors, peripheral decarboxylase inhibitors, MAO inhibitors, dopamine precursors, and others. Surgery therapy is further bifurcated into deep brain stimulation (DBS) and carbidopa/levodopa enteral suspension.
On the basis of end-user, the Parkinson’s Disease Therapeutics market is categorized into hospitals & clinics, academic & industrial research, and others.
Parkinson’s Disease Therapeutics Market Regional Analysis
The geographical analysis of the Global Parkinson’s Disease Therapeutics Market has been conducted in four major regions, namely the Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa.
Parkinson’s disease therapeutics market is led by North America owing to the rising healthcare spending that contributes to improving the market growth in this region. The total number of Parkinson’s disease patients, combined with the availability of reimbursements and high awareness, is boosting the growth of the market. Additionally, the high cost of Parkinson's disease therapeutics in the United States also leads to significant market size in terms of revenue.
It is projected that Europe stands second in the global Parkinson’s disease therapeutics market. The increasing government initiatives to promote the healthcare sector and augmented adoption of research and development projects for chronic diseases in the healthcare domain fuel the market in this region. Moreover, the entry of market players into strategic partnerships and collaborations with the chemical industry drives the growth of the market in Europe
Parkinson’s Disease Therapeutics Market Players
· Salix Pharmaceuticals
· GlaxoSmithKline Plc
· Impax Laboratories LLC
· Teva Pharmaceutical Industries Ltd
· Novartis AG
· Orion Corporation
· Mylan N.V.
· Par Pharmaceutical
· Cipla Inc.
· Daiichi Sankyo
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Market Insights The global market for Parkinson's disease therapeutics is expected to grow significantly during the forecast period of 2017 to 2023 according to a new research report by Market Research Future (MRFR).
The lack of effective treatment options and the increasing occurrence of the disease has catapulted market growth as there is a high, unmet demand.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/1572Since the cause of this disease is widely suspected to be genetic; genomic treatment options are expected to gain traction in the coming years.
Collaborations between pharmaceutical companies and research facilities are expected to provide oppurtunites for growth.Market SegmentationSegmental evaluation of the market has been done in the report to allow an extensive view of the market and its various components.
The global Parkinson's disease therapeutics market has been segmented by diagnostics tests, drugs, and region.By diagnostic tests, the market has been segregated to include positron emission tomography (PET) scans, magnetic resonance imaging (MRI), and computed tomography (CT) scan.By drugs, the market has been divided into, Sinemet, dopamine agonists, Symmetrel, anticholinergics, Eldepryl and Azilect, COMT and others.By region, the global market has been divided into North America, Europe, the Asia-Pacific and the Middle East & Africa.Regional AnalysisNorth America and Europe have the two largest shares with North Ameria's market share being the most significant.
This is primarily due to the prevalence of Parkinson's disease in developed countries where there are high populations of geriatrics.
Increase in research funding and favorable insurance reimbursements for medical costs are expected to fuel market growth for these regions during the forecast period.Meanwhile, the Asia-Pacific is anticipated to grow at a steady CAGR during the forecast period.
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