Press release
Global Parkinson`s Disease Market Share, Size, Industry Growth, Demand| Teva, Novartis, GSK,AbbVie, Merck, Boehringer Ingelheim, Impax, Lundbeck
The Global Parkinson's Disease Treatment Market size was valued at USD 4.28 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.1% from 2022 to 2030.Major industry drivers are projected to be the growing senior population, which is at a high risk of acquiring Parkinson's Disease (PD), the high prevalence of PD in western nations, and the robust product pipeline of disease-modifying treatments. The International Parkinson and Movement Disorder Society estimates that 9.4 million people will have PD worldwide in 2020. Additionally, about 1% of people over the age of 60 are affected by PD, and that percentage jumps to 5% for people over the age of 85.
Additionally, the segment expansion is aided by the simple accessibility of PD medications like generic carbidopa-levodopa, pramipexole dihydrochloride, selegiline hydrochloride, and others at retail pharmacy chains like Walgreens and Walmart Stores. During the projected period, the online pharmacy segment is anticipated to increase at a high rate. Due to the comfort, adaptability, and convenience that these platforms provide, internet shopping is becoming more and more popular. High revenues are being produced as a result, fueling the expansion of the online market. Additionally, clients can benefit from a variety of discounts offered by online purchasing. During the projected period, this factor is anticipated to increase demand for online pharmacies.
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The global market for Parkinson's disease medications is expanding as a result of rising usage approvals. Two new medications have just been approved by the Food and Drug Administration for the treatment of Parkinson's disease. Rytary and Duopa's drug approvals will be recognised as innovations in the medical field.
Top key players of The Global Parkinson`s Disease Market: Teva,Novartis,GSK,AbbVie,Merck,Boehringer Ingelheim,Impax,Lundbeck,Sun Pharma,Wockhardt,UCB,Valeant Pharmaceuticals,Acadia
Market: By Types
• Carbidopa/Levodopa
• Dopamine Receptor Agonists
• MAO-Inhibitors
Market: By Applications
• Hospitals
• Clinics
Global Parkinson`s Disease Market: Regional Analysis
The countries covered in the regional analysis of the Global Parkinson`s Disease market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Parkinson`s Disease market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Parkinson`s Disease would help in identifying future applications in this market.
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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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