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Neurodegenerative Disorder Therapeutics Market 2023 - By Market Overview, Business Opportunities, Industry Share And Forecast To 2032
Neurodegenerative Disorder Therapeutics Market
The Business Research Company's Neurodegenerative Disorder Therapeutics Global Market Report 2023 identifies ncreased prevalence of neurodegenerative among the global population as the major driver for the Neurodegenerative Disorder Therapeutics market's growth in the forecast period. The increase in the geriatric population attributes to the increased prevalence of neurodegenerative disorders. According to World Population Prospects, the number of people above 60 years of age will increase to 2.1 billion in 2050 and it is expected that people aged over 80 years will triple to 425 million in 2050.
The global neurodegenerative disorder therapeutics market size grew from $15.86 billion in 2022 to $17.14 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. 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 market size of the neurodegenerative disorder therapeutics is expected to grow from $23.65 billion in 2027 at a CAGR of 8.4%.
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Major competitors in the Neurodegenerative Disorder Therapeutics market are Biogen, Pfizer, Novartis, Sanofi, Teva Pharmaceutical, UCB, Hoffmann- La Roche Ltd., ACADIA Pharmaceuticals Inc., Lundeck A/S.
A key trend in the Neurodegenerative Disorder Therapeutics market includes strategic partnerships with government and non-government organizations. The companies in the neurodegenerative disorder therapeutics market are also increasing their collaboration with other players in the market to increase their capabilities for research and development activities to develop new and more effective therapeutic solutions to treat neurodegenerative disorders. For instance, in July 2022, NRG Therapeutics, a UK-based drug discovery company focussed on therapeutic approaches, partnered with Domainex, a UK-based drug discovery service, to develop neurodegenerative disease treatment. For the treatment of Parkinson's disease, motor neurone disease (MND), and other incapacitating chronic neurodegenerative conditions, the firms would work together to develop novel small molecule disease-modifying medications.
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The Neurodegenerative Disorder Therapeutics market is segmented -
• By Indication Type: Parkinson's Disease, Alzheimer's Disease, Multiple Sclerosis, Huntington Disease, Other Indication Types
• By Drug Type: N- methyl- D- aspartate Receptor, Selective Serotonin Reuptake Inhibitor, Dopamine Inhibitors, Other Drug Types
• By Distribution: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Neurodegenerative Disorder Therapeutics market.
The Business Research Company's "Global Neurodegenerative Disorder Therapeutics 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 Neurodegenerative Disorder Therapeutics Market Include:
1. Executive Summary
2. Neurodegenerative Disorder Therapeutics Market Characteristics
3. Neurodegenerative Disorder Therapeutics Market Trends And Strategies
4. Neurodegenerative Disorder Therapeutics Market - Macro Economic Scenario
5. Neurodegenerative Disorder Therapeutics Market Size And Growth
……………………………………..
26. Africa Neurodegenerative Disorder Therapeutics Market
27. Neurodegenerative Disorder Therapeutics Market Competitive Landscape And Company Profiles
28. Neurodegenerative Disorder Therapeutics Pipeline Analysis
29. Key Mergers And Acquisitions In The Neurodegenerative Disorder Therapeutics Market
30. Neurodegenerative Disorder Therapeutics Market Future Outlook and Potential Analysis
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