Rare Neurological Disease Treatment Market to Garner USD 13,830.96 million, Globally, by 2027 at 8.5% CAGR: The Insight Partners

According to a new market research study of 'Rare Neurological Disease Treatment Market to 2027 - Global Analysis and Forecasts by Indication, Drug Type, Distribution Channel, and Mode of Administration.' The global Rare Neurological Disease Treatment Market is expected to reach US$ 13,830.96 Mn in 2027 from US$ 7,300.12 Mn in 2019. The market is estimated to grow with a CAGR of 8.5% from 2020-2027. The report provides trends prevailing in the global rare neurological disease treatment market and the factors driving market along with those that act as hindrances.

The frequency of neurological disorders has increased significantly across the world. These disorders are estimated to affect over a billion population worldwide, according to the World Health Organization in 2016. Neurological disorders are commonly found among population, irrespective of the age groups, and geographic region. In the recent years, various measures have been implemented to generate awareness and educate the population regarding rare neurological diseases, which is facilitating patients to access the suitable medications and treatments for these conditions. According to National Center for Biotechnology Information 2017, clinician and public awareness of various neurological disorders with the intent of increasing rates of recognition and treatment.
Along with an increasing awareness of neurological conditions, the healthcare industry has been experiencing rapid transformation during recent years. Various countries across the world have favored advanced technologies in healthcare. The increasing awareness among patients and developing healthcare infrastructure are likely to offer significant opportunity for the growth of the market.

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The global rare neurological disease treatment market, based on drug type, was segmented as organic compounds, and biologics. The biologics segment held the largest share of the market in 2019 and the same segment is anticipated to register the highest CAGR during the forecast period. Biologic segment offers novel therapies that provides innovative treatment options for patients. Also, biologics have shown positive results in the treatment of diseases such as Alzheimer's disease, multiple sclerosis, amyotrophic lateral sclerosis, Parkinson's disease. For instance, L-DOPA treatment is considered as a standard of care for patients, and it assists in managing the common motor symptoms, including tremors and dyskinesia in the patients of Parkinson's disease.

Leading companies operating in the Rare Neurological Disease Treatment Market are Allergan plc, Bayer AG, GlaxoSmithKline plc, Johnson & Johnson Services, Inc, Merck & Co., Inc., Novartis AG, Pfizer Inc., Sanofi, Teva Pharmaceutical Industries Ltd and Takeda Pharmaceutical Company Limited, among others.

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The report segments Global Rare Neurological Disease Treatment Market as follows:

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

Global Rare Neurological Disease Treatment Market - By Mode of Administration
Oral
Injectable

Global Rare Neurological Disease Treatment Market - By Geography

North America
US
Canada
Mexico

Europe
France
Germany
U.K
Spain
Italy

Asia Pacific (APAC)
China
India
Japan
Australia
South Korea

Middle East & Africa (MEA)
Saudi Arabia
U.A.E
South Africa

South & Central America
Brazil
Argentina

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