Rare Neurological Disease Drugs Market: 2024 Global Future Scope, Industry Growth, Demand, Region, Competitive Analysis and Forecast 2031 | Novartis AG, Pfizer, Inc., Johnson & Johnson Services, Inc., US WorldMeds LLC (Solstice Neurosciences LLC).

DataM Intelligence has released a new research report on the Rare Neurological Disease Drugs market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Global Rare Neurological Disease Drugs Market reached US$ 139.4 billion in 2023 and is expected to reach US$ 269.7 billion by 2031 growing with a CAGR of 8.6% during the forecast period 2024-2031.

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The rare neurological disease drugs market focuses on the development and commercialization of therapies for rare neurological disorders, which affect a small percentage of the population but can significantly impact patients' quality of life. Conditions such as Huntington's disease, amyotrophic lateral sclerosis (ALS), and various forms of ataxia are included in this market. The growing recognition of these diseases and advancements in research are driving the demand for effective treatments.

List of the Key Players in the Rare Neurological Disease Drugs Market:

Novartis AG, Pfizer, Inc., Johnson & Johnson Services, Inc., US WorldMeds LLC (Solstice Neurosciences LLC), Aquestive Therapeutics Inc., Sanofi S.A., Merck & Co., Inc., CSL Ltd, Merz Pharma GmbH & Co. KGaA, and Kedrion Biopharma Inc. among others.

Key Developments:

In May 2024, Biogen Inc received marketing authorization from the European Commission (EC) for QALSODY (tofersen), a treatment for adults with amyotrophic lateral sclerosis (ALS) linked to a mutation in the superoxide dismutase 1 gene (SOD1-ALS). This authorization comes under exceptional circumstances while maintaining the orphan designation, reflecting the urgency and significance of addressing this rare condition.

In April 2024, NS Pharma announced a research alliance with MiNA Therapeutics aimed at developing therapies for rare diseases affecting the central nervous system. This collaboration is expected to accelerate innovation in treatment options for these underserved conditions.

In February 2024, Roche Pharma India launched Ocrevus (Ocrelizumab), a significant breakthrough drug for the treatment of multiple sclerosis (MS). This addition to Roche's neurology portfolio addresses the unmet needs of many patients suffering from this debilitating disease in India.

Additionally, in September 2023, Harmony Biosciences Holdings, Inc. announced that the U.S. Food and Drug Administration (FDA) granted Orphan Drug designation to pitolisant for the treatment of idiopathic hypersomnia (IH). This designation underscores the importance of advancing therapies for rare sleep disorders.

Research Process:

Both primary and secondary data sources have been used in the global Rare Neurological Disease Drugs Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Rare Neurological Disease Drugs Market:

By Drug Type: Biologics, Small Molecules.

By Route of Administration: Intravenous, Oral.

By Application: Dravet syndrome, Adrenoleukodystrophy , Narcolepsy, Angelman syndrome, Amyotrophic Lateral Sclerosis, Others.

By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Rare Neurological Disease Drugs market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Rare Neurological Disease Drugs Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Rare Neurological Disease Drugs market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Rare Neurological Disease Drugs Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Rare Neurological Disease Drugs market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Rare Neurological Disease Drugs market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Rare Neurological Disease Drugs market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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