Parkinsons Disease Treatment Market Size to Grow at a CAGR of 5.9% by 2022 with Leading Key Market Players - Salix Pharmaceuticals, GlaxoSmithKline Plc., Teva Pharmaceutical Industries Ltd., Orion Corporation, Novartis AG, Impax Laboratories, Par Pharmace

Parkinsons Disease Treatment Market Size and Growth Rate:

According to the Research Report, the Global Parkinsons disease treatment market size was Expected to Grow at a CAGR of 5.9% during the forecast period 2016-2022.

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Parkinsons Disease Treatment Market Overview:

Parkinson’s disease is a progressive, degenerative neurological motor disorder, primarily affecting the brain, with symptoms like rigidity, tremor, bradykinesia, and postural instability. Risk of Parkinson’s illness is expected to grow with age and the infection mainly affects individuals above the age of 50 years. The major endeavor of the Parkinson’s illness treatment is to offer control on the symptoms and signs, for instance, difficulty with walking, shakiness in hands, slowness of movement, and so on. Rising old age population and higher incidences of neurodegenerative diseases are two major factors that drive the growth of this market. Increasing R&D investment and the number of drugs being worked upon is further expected to fuel market growth. However, a few restraints like the high cost of treatment and lack of expertise for early diagnosis is likely to curtail the market growth. But, with growing technology and strong research, these hindrances are expected to be curbed in the near future.

Parkinsons Disease Treatment Market Growth and Restraints:

The global Parkinson’s disease treatment market was valued at USD 3.99 billion in 2016 and expected to grow at a CAGR of 6.1% from 2017 to 2022 to reach USD 5.69 billion in 2022. Europe is expected to achieve the largest share of the global Parkinson’s disease treatment market, which is likely to be followed by North America with a considerable market share. High knowledge and awareness about the treatment, augmenting expenditure for R&D, favorable medicinal reimbursement regulations and policies, the quickly increasing geriatric populace along with the high occurrence of Parkinson’s disease and potential medical pipeline products are likely to contribute to the major share of Europe in the global Parkinson’s disease treatment market.

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Key players of the Parkinsons Disease Treatment Market:

Some of the most important players in the Parkinson’s disease treatment market are Salix Pharmaceuticals, GlaxoSmithKline Plc., Teva Pharmaceutical Industries Ltd., Orion Corporation, Novartis AG, Impax Laboratories, Par Pharmaceutical, Mylan N.V., Daiichi Sankyo, Cipla Inc., Wockhardt Limited, and Apotex Inc.

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Latest developments in Parkinson’s disease treatment is a combination treatment to prolong the action of unremitting dopaminergic stimulation medicines, support for neurostimulation tools, neuroprotective treatment to slow down a prediction of disease, neural transplantation, and gene therapy, and so on. This change is anticipated to bring huge development in global Parkinson’s disease treatment market in the coming future. Additionally, amongst growing aging inhabitants, the occurrence of Parkinsonism across the globe are the major aspects propelling the demand for this disease treatment market.

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