Parkinson’s Disease Therapeutics Market : Overall Growth, Major Industry Leaders & Future Insights
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Parkinson’s disease Therapeutics Market: Drivers and Restraints
Recent advances in Parkinson’s disease therapeutics such as combination therapies to prolong the action of continuous dopaminergic stimulation drugs, approval for Neurostimulation devices neuroprotective therapies to slow down prognosis of a disease, gene therapy, neural transplantation etc. are expected to bring massive growth in global Parkinson’s disease therapeutics market over the forecast period. Moreover, increasing aging population, prevalence of Parkinsonism across the world are the factors fueling demand for Parkinson’s disease therapeutics. But generic erosion due to expiry of patents for several drugs such as Rytary, Stalevo (2012), Azilect (2017), Comtan (exclusivity expired in 2013) etc. would deter the growth of global Parkinson’s disease therapeutics market.
Parkinson’s disease Therapeutics Market: Segmentation
The global Parkinson’s disease therapeutics market is classified on the basis of treatment type, end user and geography.
Based on treatment type, the global Parkinson’s disease therapeutics market is segmented into the following:
Peripheral Decarboxylase Inhibitors
Others (anticholinergics, antihistaminics etc.)
Deep Brain Stimulation (DBS) Devices
Carbidopa/Levodopa Enteral Suspension (Duopa) delivery devices
Based on end user, the global Parkinson’s disease therapeutics market is segmented into the following:
Parkinson’s disease Therapeutics Market: Overview
Global Parkinson’s disease therapeutics market is expected to witness healthy CAGR over the forecast period as few new therapies are expected to hit the market during the forecast period such as repetitive transcranial magnetic stimulation device, adipose derived stem cell therapy, non-invasive Neurostimulation device etc. Increasing burden of Parkinson’s disease management on healthcare systems of major countries such as the U.S. and U.K. would stimulate the exhaustive efforts by the government to increase the pace of R&D in Parkinson’s disease therapeutics. For instance, in the U.S. over 40 medicines are being developed for the treatment and diagnosis of Parkinson’s disease many of which have gained fast track designation from the U.S. FDA.
Parkinson’s disease Therapeutics Market: Regional Overview
Region wise, the global Parkinson’s disease therapeutics market is classified into seven regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America has conventionally dominated the global market for Parkinson’s disease therapeutics due to good reimbursement policies and high prevalence of the disease. According to Parkinson’s disease Foundation (PDF) approximately 60,000 Americans are diagnosed with Parkinson’s disease annually. Europe is expected to hold second highest share in the global market owing to increasing R&D efforts by the key players in the region.
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Parkinson’s disease Therapeutics Market: Key Players
Some of the key players in global Parkinson’s disease therapeutics market include GlaxoSmithKline Plc., Salix Pharmaceuticals, mpax Laboratories, Inc., Teva Pharmaceutical Industries Ltd., Novartis AG, Orion Corporation, Mylan N.V. while generic players include Par Pharmaceutical, Cipla Inc., Daiichi Sankyo, Apotex Inc., Wockhardt Limited and others.
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