Parkinson's Disease Therapeutic Market Hope for Patients: The Parkinson's Disease Therapeutic Market Unlocking New Treatments

Parkinson's Disease Therapeutic Market worth $6.51 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Parkinson's Disease Therapeutic Market - (By Drugs (Carbidopa-levodopa, Dopamine agonists, Mao-b inhibitors, COMT inhibitors, Anticholinergics, Others), By Distribution Channel (Hospital pharmacy, Retail pharmacy, Online pharmacy), By Brand (Branded, Generics), By Route of Administration (Oral, Injectable, Intestinal Infusion, Subcutaneous, Others)),

Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Parkinson's Disease Therapeutic Market is valued at US$ 4.22 Bn in 2023, and it is expected to reach US$ 6.51 Bn by 2031, with a CAGR of 5.7% during the forecast period of 2024-2031.

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Parkinson's disease (PD) is a debilitating, longterm neurological disorder that primarily affects movement. The focus of therapeutic techniques is on improving the quality of life and managing symptoms. The market is growing as a result of increased awareness and early diagnosis of Parkinson's disease. Better diagnostic methods like biomarkers and cutting-edge imaging technology allow for earlier intervention, improving patient outcomes and treatment efficacy.

Innovation is being promoted by pharmaceutical businesses and government agencies that are investing more in research and development. The quest for novel medications and treatments is progressing more quickly, thanks to collaborations between biotech companies and academic institutions. The market is expanding due to the increased use of digital health technologies, such as telemedicine and wearables, boosting patient adherence to treatment plans and illness management.

List of Prominent Players in the Parkinson's Disease Therapeutic Market:
• Teva Pharmaceutical Industries Ltd.,
• Novartis AG
• GlaxoSmithKline Plc.
• AbbVie Inc.
• Merck & Co. Inc.,
• Zydus Cadila
• Dr. Reddy's
• Sun Pharmaceutical Industries Ltd.
• Cipla Inc.
• Boehringer Ingelheim International GmbH
• Denali Therapeutics Inc.
• Biogen Inc.
• Prevail Therapeutics
• Eli Lilly and Company
• Voyager Therapeutics.
• Intas Pharmaceuticals Ltd.
• Torrent Pharmaceuticals Ltd.
• Amneal Pharmaceuticals
• Aurobindo Pharma Limited
• Accord Healthcare Ltd.

Market Dynamics:

Drivers-
A significant driver is the increasing prevalence of Parkinson's disease (PD) globally. With rising awareness and better diagnostic tools, more cases are being identified at earlier stages, prompting higher demand for therapeutic interventions. A notable driver is the diversification of treatment options. The varied treatment modalities cater to different stages and severities of the disease, enhancing patient outcomes and expanding the market.

The market is further boosted by the expanding role of artificial intelligence (AI) & machine learning in drug discovery and development. AI algorithms can analyze vast datasets to identify potential drug candidates, predict clinical trial outcomes, and streamline regulatory approval processes. This technological advancement accelerates the availability of new treatments and reduces development costs, thereby enhancing market growth.

Challenges:
The decline in drug approvals by regulatory authorities poses a significant challenge to the Parkinson's disease therapeutic market. This decline hampers the introduction of new and innovative treatments, limiting options for patients and healthcare providers. It can lead to a stagnation in treatment advancements, impacting the quality of care and outcomes for individuals with Parkinson's disease.

The need for newly approved drugs may also hinder competition, potentially resulting in higher costs for existing treatments. Overall, the slowdown in drug approvals presents a barrier to progress in addressing the complex needs of Parkinson's disease patients.

Regional Trends:
North America dominates the Parkinson's disease therapeutic market. The factors that lead to regional expansion involve very prevalent Parkinson's disease groups. The high prevalence found in the ageing population fuels the growth of the Parkinson's disease market in the United States.

Europe had a significant market share due to its developed economy and increasing product uptake as a result of new strategies used by the leading players in the Parkinson's disease treatment industry. Furthermore, the presence of important market players, as well as increased collaboration among major companies for market penetration in the region, creates opportunities for growth in the global Parkinson's disease therapeutic market.

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Recent Developments:

• In March 2024, Sanofi and Cipla have formed an exclusive collaboration to distribute and promote Sanofi India's Central Nervous System (CNS) product range in India. Under this collaboration, Cipla will assume the responsibility of distributing Sanofi India's six CNS brands, which includes Frisium®, a prominent brand in the anti-epileptic drug field.

• In Oct 2022, Biogen and Denali Therapeutics commenced the Phase 3 LIGHTHOUSE Study in Parkinson's Disease linked to LRRK2 Pathogenic Mutations. The main objective of the LIGHTHOUSE trial was to measure the duration until proven deterioration, evaluated using the Movement Disorder Society-Sponsored Revision of the Unified Parkinson's Disease Rating Scale (MDS-UPDRS), during the treatment term of up to 180 weeks.

Segmentation of Parkinson's Disease Therapeutic Market-
By Drugs
• Carbidopa-levodopa
• Dopamine agonists
• Mao-b inhibitors
• COMT inhibitors
• Anticholinergics
• Others
By Distribution Channel-
• Hospital pharmacy
• Retail pharmacy
• Online pharmacy
By Brand
• Branded
• Generics
By Route of Administration
• Oral,
• Injectable,
• Intestinal Infusion,
• Subcutaneous
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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