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Muscarinic Acetylcholine Receptor Market Report 2024 - 2033 | Insights, Analysis, Key Drivers
Muscarinic Acetylcholine Receptor Market
According to The Business Research Company's, The muscarinic acetylcholine receptor market size has grown steadily in recent years. It will grow from $1.72 billion in 2023 to $1.8 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to neurological disorders treatment, cardiovascular disorders management, ophthalmic disorders therapies, respiratory conditions treatment, gastrointestinal disorders..
The muscarinic acetylcholine receptor market size is expected to see steady growth in the next few years. It will grow to $2.19 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to advancements in neuropharmacology, increasing cardiovascular disease cases, innovations in ophthalmic therapeutics, emerging respiratory therapies, expanding gastrointestinal drug pipeline.. Major trends in the forecast period include utilization in ophthalmic conditions, strategic partnerships for drug discovery, development of tissue-selective agents, potential in gastrointestinal disorders, focus on personalized treatment approaches..
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Market Drivers and Trends:
The increasing prevalence of neurological disorders is expected to propel the growth of the muscarinic acetylcholine receptor market going forward. Neurological disorders are medical conditions that affect the nervous system, including the brain, spinal cord, and peripheral nerves. Muscarinic acetylcholine receptors (mAChR) are critical in regulating complex behaviors, including cognition, locomotion, and reward, making them suitable therapeutic targets for treating various neurological illnesses. For instance, in September 2021, according to evidence submitted by The Neurological Alliance (CBP0062), the number of persons waiting to begin neurology therapy in June 2021 increased from 134,245 in May 2021 to 140,482. Additionally, in January 2022, according to the American Heart Association, a US-based nonprofit organization that supports medical research, the number of persons affected by Alzheimer's disease and associated dementias in the United States is expected to rise to 9.3 million by 2060. Therefore, the increasing prevalence of neurological disorders is driving the growth of the muscarinic acetylcholine receptor market.
An increase in research and development activities is a key trend gaining popularity in the muscarinic acetylcholine receptor market. Companies operating in the muscarinic acetylcholine receptor market are adopting new development activities to sustain their position in the market. For instance, in January 2022, Merck, a German-based science and technology company, researchers led by Wenping Li (Science Translational Medicine) described MK-6884. This small carbon-11-labeled molecule detects the M4 subtype of muscarinic cholinergic receptors. MK-6884 allows researchers to measure cholinergic drug efficacy and the neuropathological loss of acetylcholine receptors in Alzheimer's disease (AD) and other diseases.
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Major Key Players of the Market:
Heptares Therapeutics Ltd.; Sumitomo Dainippon Pharma Co. Ltd.; Anavex Life Sciences Corp.; NeuroHealing Pharmaceuticals Inc.; AstraZeneca plc; Karuna Pharmaceuticals Inc.; Anven AlzDx Inc.; Merck & Co Inc.; Elsevier BV; Eurofins Discover X Corporation; Merck KGaA; Novus Biologicals LLC; Eli Lilly and Co.; Novatein Biosciences Inc.; Alomone Labs Ltd.; GlaxoSmithKline plc; SK Bioscience Co.; Johnson & Johnson; Pfizer Inc.; Novartis AG; AbbVie Inc.; Boehringer Ingelheim International GmbH; Takeda Pharmaceutical Company Limited; Teva Pharmaceutical Industries Ltd.; F. Hoffmann-La Roche Ltd.; Eisai Co. Ltd.; Astellas Pharma Inc.; Daiichi Sankyo Company Limited; Sanofi SA; Sun Pharmaceutical Industries Ltd.
Muscarinic Acetylcholine Receptor Market 2024 Key Insights:
• The muscarinic acetylcholine receptor market size will grow to $2.19 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%.
• Muscarinic Acetylcholine Receptor Market Responds To Neurological Challenges
• Muscarinic Acetylcholine Receptor Sector Uplifted By Research Initiatives
• North America was the largest region in the muscarinic acetylcholine receptor market in 2023
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