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Global Generic Central Nervous System Drugs Market Comprehensive Industry Analysis, Size, Key Trends, and Forecast up to 2032 || Otsuka Pharmaceutical Co. Ltd., Eli Lilly and Company, Merck & Co., Astra Zeneca, Shire PLC., Novartis AG
Generic Central Nervous System Drugs Market Report 2023
The Business Research Company's Generic Central Nervous System Drugs Global Market Report 2023 identifies the increasing prevalence of central nervous system (CNS) disorders will drive the growth of the generic central nervous system drugs market. For instance, according to Global Cancer Statistics 2020 published by ACS Journals, a journal of US-based American Cancer Society, 308,102 new cases of brain and CNS cancers were diagnosed, and 251,329 cancer-related deaths occurred in 2020 worldwide.
The global generic central nervous system drugs market size is expected to grow from $77.47 billion in 2022 to $82.45 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global generic central nervous system drugs market size is expected to grow to $103.95 billion in 2027 at a CAGR of 6.0%.
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Major competitors in the generic central nervous system drugs market are Otsuka Pharmaceutical Co. Ltd., Eli Lilly and Company, Merck & Co., Astra Zeneca, Shire PLC., Novartis AG, Teva Pharmaceutical Industries Ltd., Pfizer Inc., AbbVie Inc., Alkermes PLC., Allergan PLC., Bristol-Myers Squibb, Eisai Co. Ltd., Endo Pharmaceuticals Inc., F. Hoffmann-La Roche Ltd., GlaxoSmithKline PLC., H. Lundbeck A/S, Janssen Pharmaceuticals Inc., and Neurocrine Biosciences Inc.
A key trend in the generic central nervous system drugs market includes product innovations. For instance, in March 2020, Teva Pharmaceutical Industries Ltd., an Israel-based pharmaceutical company, launched AJOVY, a humanized monoclonal antibody for the treatment of migraine in adults. AJOVY is the first and only anti-CGRP (anti-calcitonin gene-related peptide) treatment for the prevention of migraine, with monthly and quarterly dosing options.
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The generic central nervous system drugs market is segmented -
• By Drug Class: Immunomodulatory Drugs, Interferons, Decarboxylase Inhibitors, Dopamine Agonists, Antidepressants, Analgesic
• By Disease: Neurovascular Diseases, CNS Trauma, Mental Health, Neurodegenerative Diseases, Infectious Diseases, CNS Cancer
• By Route Of Administration: Oral, Parenteral
• By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the generic central nervous system drugs market
The Business Research Company's "Global Generic Central Nervous System Drugs Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Generic Central Nervous System Drugs Market Include:
1. Executive Summary
2. Generic Central Nervous System Drugs Market Characteristics
3. Generic Central Nervous System Drugs Market Trends And Strategies
4. Generic Central Nervous System Drugs Market - Macro Economic Scenario
5. Generic Central Nervous System Drugs Market Size And Growth
……………
27. Generic Central Nervous System Drugs Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Generic Central Nervous System Drugs Market
29. Generic Central Nervous System Drugs Market Future Outlook And Potential Analysis
30. Appendix
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