Neurology Sterile Injectable Market: Growth Factors, Applications, Regional Analysis 2017 - 2025
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Neurology sterile injectable are used to treat dystonia, a disorder described as involuntary sustained muscle contractions due to twisting and abnormal postures. In order to treat the disorder therapeutic botulinum toxin is used which has a high success rate. The botulinum toxin was first introduced in 1980’s. In 2000, the FDA approved Myobloc, for the treatment of cervical dystonia to reduce abnormality of head position and pain associated with cervical dystonia. Dysport was approved in 2009 for the treatment is generally carried out for a period of 3-4 months. It has to be noticed that administration of these therapies require a thorough understanding regarding the use of the substance and practical knowledge about dosages. Other medical condition where Botox is used includes blepharospasm (uncontrolled spasm of the eyelid), overactive bladder and incontinence caused due to multiple sclerosis or any spinal cord injury and chronic migraine among adults.
Neurology sterile injectable are also used to treat occipital neuralgia, which occurs when the optical nerve is injured or inflamed, this neurological condition is sometimes diagnosed as migraine. Major symptoms of optical neuralgia are severe pain at the back of the neck and head, tenderness in posterior scalp, and pain caused by neck movement. Occipital neuralgia is caused due to compression of the optic nerve. The compression can be due to trauma, osteoarthritis, tumor in neck, and cervical disc disease. Treatment of optical neuralgia is carried out by injecting a combination of anesthetic and steroid, which is administered near the nerve.
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Rising prevalence of neurological disease, increase in research activities and product development, growing awareness in developing countries, increase in health care infrastructure are factors that are expected to drive the global neurology sterile injectable market during the forecast period. However, stringent regulations regarding product approval and high operational costs are likely to restrain the neurology sterile injectable market during the forecast period.
The neurology sterile injectable market is segment based on drug type, disease indication, distribution channel, and geography. In terms of drug type, the global neurology sterile injectable market is divided into opioids, steroids, anesthetics, and others. Based on disease indication, the neurology sterile injectable market is categorized into dystonia, blepharospasm, optical neuralgia, and others. In terms of distribution channel, the global neurology sterile injectable market is segregated into hospital pharmacies, drug stores, and e-commerce.
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The global neurology sterile injectable market is divided into five regions namely; North America, Europe, Asia Pacific, Latina America, and Middle East & Africa. North America is expected to hold a major share of the neurology sterile injectable market as compared to other regions due to presence of major pharmaceutical manufacturers, favorable reimbursement policies, and large patient pool. Europe is expected to be the second largest neurology sterile injectable market during the forecast period. The neurology sterile injectable market in Asia Pacific is anticipated to expand at high growth rate during the forecast period due to changing demographics, increase in participation from local manufacturers, and rise in health care infrastructure in developing economies such as India. Latin America and Middle East & are expected to create lucrative opportunity during the forecast period due to increasing participation from governments and rising presence of major manufacturers in neurology sterile injectable regions.
Major companies operating in the global neurology sterile injectable market are Merck & Co., F-Hoffmann-La Roche Ltd., Novartis AG, Teva Pharmaceutical Industries Ltd., Boehringer Ingelheim GmbH, and other prominent players.
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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