Rare Neurological Disease Treatment Market 2021 Demands to Boost Industry Growth and Revenue Post Covid-19 Spread By 2027

The rare neurological disease treatment market is expected to reach US$13,830.96 Mn in 2027 from US$ 7,300.12Mn in 2019. The market is estimated to grow with a CAGR of 8.5% from 2020-2027.

Neurological diseases having less diagnostics and treatment options affecting small number of population is termed as rare neurological diseases. These diseases target the nervous system, which include the brain, spinal cord, and all the nerves that run throughout the human body. Amyotrophic lateral sclerosis (ALS), Duchenne muscular dystrophy, Huntington's disease are few examples of rare neurological conditions. The global rare neurological disease treatment market is driven by factors such as rising prevalence of rare neurological diseases and favorable pipeline drugs and robust research activities for the treatment of rare neurological diseases. However, high treatment cost for rare neurological diseases are likely to show negative impact on market growth during the forecast period.

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Major Players in This Report Include:

Allergan plc
Bayer AG
GlaxoSmithKline plc
Johnson & Johnson Services Inc
Merck & Co. Inc.
Novartis AG
Pfizer Inc.
Sanofi
Teva Pharmaceutical Industries Ltd
Takeda Pharmaceutical

Global Rare Neurological Disease Treatment Market– By Indication

Narcolepsy
Amyotrophic Lateral Sclerosis
Alzheimer’s Disease
Multiple Sclerosis
Spinal Muscular Atrophy (SMA)
Duchenne Muscular Dystrophy
Other Indications

Global Rare Neurological Disease Treatment Market– By Drug Type

Organic Compounds
Biologics

Global Rare Neurological Disease Treatment Market– By Distribution Channel

Online Pharmacies
Hospital Pharmacies
Retail Pharmacies

In the world of medicine, rare neurological diseases represent significant burden on health systems in terms of disease diagnosis, treatment, and management. Some of the majorly observed rare neurological diseases comprises narcolepsy, amyotrophic lateral sclerosis, Alzheimer’s disease, multiple sclerosis, spinal muscular atrophy (SMA), Duchenne muscular dystrophy, and others. According to a data published by National Institutes of Neurological Disorders and Stroke in 2019, 7,000 rare neurological diseases have been registered in the US. Additionally, according to the same study, these conditions are responsible for significant number of morbidity and mortality.

Report Highlights:

• Comprehensive overview of parent market & substitute market
• Changing market dynamics in the industry (COVID & Economic Impact Analysis)
• In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
• Recent industry trends and development activity
• Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)

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This release was published on openPR.