Impact of COVID-19 Outbreak on Australia Parkinsons Disease Drugs Market to Witness a Pronounce Growth During Forecast 2023-2028

Report Overview

The Australia Parkinsons Disease Drugs market size stood at USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Parkinsons disease is a progressive, degenerative neurological condition that affects a persons control of their body movements. It is not contagious or fatal that is, a person cannot die from Parkinsons symptoms. It is thought that the disease may be genetic in a very small percentage of cases. Parkinsons disease is classified as a progressive neurological condition. Symptoms of the disease are caused by the progressive degeneration of nerve cells in the middle area of the brain. This causes a lack of dopamine, a chemical messenger (neurotransmitter) necessary for smooth, controlled movements. The symptoms appear when about 70% of the dopamine-producing cells have stopped working normally.

It is estimated that approximately four people per 1,000 in Australia have Parkinsons disease, with the incidence increasing to one in 100 over the age of 60. In Australia, approximately 80,000 people are living with Parkinsons disease, with one in five of these people being diagnosed before the age of 50.

Market Drivers

Parkinsons disease Treatment Market is mainly driven by the growing prevalence of Parkinsons disease and government funding for research on Parkinsons disease. The increase in the number of geriatric population and technological advancements such as combination therapies for prolonging the action of continuous dopaminergic stimulation drugs, gene therapy, neural transplantation are few other causes that are possible to boost the Parkinsons disease Treatment market. Pharmaceutical firms are developing new and improved therapies for Parkinson's disease (PD). Recently, there have been some major product launches in Parkinson's disease therapeutics and other assistive therapeutics. For instance, Adamas Pharmaceuticals amantadine extended-release capsules, Gocovri, were launched in January 2018. Gocovri was the first drug indicated for dyskinesia developed due to the long-term use of levodopa.

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Major Players

Key players are involved in mergers and acquisitions to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating in the industry are AbbVie Inc, Pfizer, Inc., Hoffmann-La Roche Ltd, Merck & Co., Inc., Novartis, Orion Pharma Ltd, UCB S.A, & Teva Pharmaceutical Industries Ltd.

The report delivers the challenges in front of the Australia Parkinsons Disease Drugs Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the Australia Parkinsons Disease Drugss Market including the current trends, growth opportunities, restraints, and market drivers.

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Market Segmentation

By Drug Class:

The Parkinson's disease care drugs market is segmented by drugs. The market has been segmented based on the drug class into Levodopa/Carbidopa, Dopamine Receptor Agonists, MAO-Inhibitors, COMT-Inhibitors, Anticholinergics, and other drugs.

Carbidopa-levodopa therapy is the most effective medication for alleviating the motor symptoms of PD. However, it has been observed that this medication is not as effective as intended. Therefore, it is imperative that co-therapeutic agents, such as COMT (catechol-O-methyltransferase) inhibitors, are used along with carbidopa-levodopa therapy. The two most common COMT inhibitors used in the treatment of Parkinson's disease are Comtan (entacapone) and Tasmar (tolcapone). Both these medications are available in the form of tablets, and they are routinely prescribed in conjunction with carbidopa-levodopa therapy. Furthermore, due to the rapidly aging population, the prevalence of Parkinson's disease is also expected to grow, which may drive the demand for these drugs.

By Distribution Channel:

Based on the distribution channel, the market for cardiovascular drugs can be segmented into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital segment is expected to dominate the market throughout the forecast period. The increasing number of clinics is propelling the growth of the specialty clinics segment.

Major Players

Key players are involved in mergers and acquisitions to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating in the industry are AbbVie Inc, Pfizer, Inc., Hoffmann-La Roche Ltd, Merck & Co., Inc., Novartis, Orion Pharma Ltd, UCB S.A, & Teva Pharmaceutical Industries Ltd.

The Australia Parkinsons Disease Drugs Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the Australia Parkinsons Disease Drugs market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the Australia Parkinsons Disease Drugs Market.

International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic Australia Parkinsons Disease Drugs market. Each section of the research study is specially prepared to explore key aspects of the global Australia Parkinsons Disease Drugs Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global Australia Parkinsons Disease Drugs market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

This post-pandemic business planning research will aid clients to:
• Adjust their strategic planning to move ahead once business stability kicks in.
• Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.

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Our qualified team of researchers, analysts, and consultants use in-depth qualitative research, quantitative research, and the latest recognized research techniques to offer an unrivaled level of detail and value to your research activities. Our market and competitive intelligence can be utilized by teams across multiple departments, including sales and business development, marketing, to:

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• Compare financial trends between competitor companies
• Get to know about mergers and acquisitions
• Explore the strengths and weaknesses of companies cross-industry
• Improve your business modeling

Strategic Points Covered in Table of Content of Global Australia Parkinsons Disease Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Australia Parkinsons Disease Drugs market
Chapter 2: Exclusive Summary - the basic information of the Australia Parkinsons Disease Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Australia Parkinsons Disease Drugs
Chapter 4: Presenting the Australia Parkinsons Disease Drugs Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Australia Parkinsons Disease Drugs market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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