Central Nervous System (CNS) Therapeutics Market: An Overview of Industry Trends, Investment Opportunities, Competitive Analysis, and Forecast (2024-2033)

Allied Market Research recently published a report on the "Central Nervous System (CNS) Therapeutics Market". According to the research report, the global central nervous system (CNS) therapeutics market is estimated to reach a value of $199.1 billion by 2033, having contributed to a value of $114.2 billion in 2023, exhibiting a noteworthy CAGR of 5.7% during the projected period. The global central nervous system (CNS) therapeutics market research report begins with an in-depth analysis of the sector and provides a 360-degree view of the overall market growth. The report offers a detailed overview of recent market trends, top market segments, key benefits, the value chain, and estimations.

The research report also presents regional and global sector analyses, along with analytical models such as SWOT analysis or Porter's Five Forces analysis, to understand the operating environment and competition in the business. It focuses on the primary factors that drive market growth. This report is a valuable source for assisting many organizations, investors, shareholders, and new competitors in gaining knowledge of the market scenario and making well-informed decisions to achieve their business goals.

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Key Factors Influencing the Central Nervous System (CNS) Therapeutics Market:

The research report focuses on the primary factors that drive the growth of the global central nervous system (CNS) therapeutics market. The growth is attributed to an increase in the number of neurological conditions, a rise in awareness and diagnosis of central nervous system disorders, and an upsurge in research and development initiatives by major industry players. However, the high cost of central nervous system treatments could impede growth in the central nervous system (CNS) therapeutics market. Nevertheless, technological advancements in drug delivery offer novel opportunities for market growth in the coming years.

Trends in the Central Nervous System (CNS) Therapeutics Market:

Parkinson's disease is a neurodegenerative disorder that affects the nervous system and disrupts the function of body parts regulated by nerve activity. This occurs if the peripheral nervous system and nerve cells in the brain are degraded and eventually die. It is projected that Parkinson's disease market dominance will increase significantly in the coming period due to the growing number of individuals affected by the disease and the ongoing efforts in research and development for new treatments.

According to a report by the Parkinson's Foundation released in December 2022, approximately 90,000 individuals in the United States are detected as having Parkinson's disease each year, which represents a rise from the previous evaluation of 60,000 diagnoses annually. Moreover, based on the same source, it is predicted that the number of individuals living with Parkinson's in the United States will grow to 1.2 million by 2030. This information highlights the growing impact of Parkinson's disease, resulting in an increased demand for treatments that are expected to drive market growth in the coming years.

On the other hand, the approval and launch of new products have expanded the reach of products in different regions and increased product availability, thus contributing to the growth of the global central nervous system (CNS) therapeutics market. For example, in February 2021, Eisai Co., Ltd. released the Parkinson's disease medication Equfina (safinamide mesylate) in the Asian market, excluding Japan. These product approvals and launches are predicted to boost the global central nervous system (CNS) therapeutics industry's growth in the future.

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Central Nervous System (CNS) Therapeutics Market: Segmental & Regional Analysis

The market research report provides an up-to-date analysis of different segments and sub-segments of the market as well as forecasts at global, regional & country levels for the period 2024-2033. The report categorizes the market into disease type and region.

By Disease Type-

Neurodegenerative Diseases

Disease Type

Huntington's Disease

Parkinson's Disease

Alzheimer's Disease

Amyotrophic Lateral Sclerosis

Multiple Sclerosis

Others

Infectious Diseases

CNS Cancer

CNS Trauma

Others

Neurovascular Diseases

Mental Health

Disease Type

Psychotic Disorders

Mood Disorders

Epilepsy

Anxiety Disorders

Others

By Region-

North America: U.S., Canada, and Mexico

Europe: Spain, Russia, France, Italy, UK, Netherlands, Germany, and the Remaining portion of Europe

Asia-Pacific: India, Australia, Indonesia, Japan, China, Malaysia, South Korea, and the Remaining portion of APAC

Latin America: Argentina, Colombia, Jamaica, Brazil, and the Remaining portion of Latin America

Middle East and Africa: UAE, Israel, Egypt, Saudi Arabia, Iran, and the Remaining portion of the Middle East, as well as South Africa.

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Central Nervous System (CNS) Therapeutics Market: Competitive Analysis

The key market players profiled in the global central nervous system (CNS) therapeutics market report include Biogen, Takeda Pharmaceutical Company Ltd., F. Hoffmann-La Roche AG, UCB Pharma, Novartis AG, Johnson & Johnson, Teva Pharmaceutical Industries Ltd., Merck & Co Inc., Viatris Inc., and Eli Lilly and Company. These top players are focused on implementing various business growth strategies including the advent of new products, partnerships, mergers & acquisitions, geographical expansion, and joint ventures in order to maintain their position in the global sector. The report also distinguishes their relative share, company profiles, business perspectives, and revenue shares.

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