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What's Driving the Anti-Parkinson Drugs Market 2025-2034: Increasing Geriatric Population In The Anti-Parkinson Drugs Market
Anti-Parkinson Drugs Market
In recent times, the market size for anti-Parkinson drugs has experienced robust growth. The market, which is projected to rise from $10.37 billion in 2024 to $11.08 billion in 2025, boasts a compound annual growth rate (CAGR) of 6.9%. The past growth trend can be credited to an aging demographic, a surge in disease incidence, enhanced healthcare infrastructure, and progress in research.
The market for anti-Parkinson's medication is projected to experience significant expansion in the coming years. By 2029, it is set to rise to a value of $13.73 billion with a 5.5% compound annual growth rate (CAGR). Factors contributing to growth throughout the prediction period include increased awareness, biotechnological progression, and emerging markets. Crucial trends expected in the prediction timeframe consist of r&d investments, personalized healthcare, disease-altering treatments, drug rediscovery, telemedicine & remote patient monitoring, biosimilars, and research partnerships.
What Are the Main Catalysts for Growth in the Anti-Parkinson Drugs Market?
The surge in the aging population and the escalating number of Parkinson's disease cases (PD) are anticipated to propel the anti-Parkinson drugs market's demand. PD is prevalent in individuals over 60 years. As per the World Health Organization's reports in October 2022, a health organization based in the US estimated that by 2030, 1 in every six individuals worldwide will be 60 or above, and by 2050, the number of people in this age group will double to 2.1 billion. Consequently, the accelerating geriatric population is driving the expansion of the anti-Parkinson drugs market.
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Which Businesses Are at the Forefront of Anti-Parkinson Drugs Market Development?
Major companies operating in the anti-parkinson drugs market include GlaxoSmithKline plc, Pfizer Inc., Merck Co., Novartis AG, F. Hoffmann-La Roche AG, UCB S.A, Teva Pharmaceutical Industries Ltd., AbbVie Inc., Mylan NV, C.H. Boehringer Sohn AG & Co. KG, Orion Pharma Ltd., ACADIA Pharmaceuticals Inc., Sun Pharmaceutical Industries Ltd., Wockhardt Ltd., Reddy's Laboratories Ltd., Intas Pharmaceuticals Ltd., US WorldMeds LLC, Zydus Lifesciences Limited, Chemical Industrial & Pharmaceutical Laboratories Ltd., Strides Shasun Ltd., Axcan Pharma Inc., Upsher-Smith Laboratories LLC, H. Lundbeck A/S, Vertical Pharmaceuticals LLC, Zambon SPA, M Somerset Pharmaceuticals Inc., Valeant Pharmaceuticals International Inc., Neurocrine Biosciences Inc., Supernus Pharmaceuticals Inc.
What Are the Latest Innovations in the Anti-Parkinson Drugs Market?
Leading businesses in the anti-Parkinson drugs market are concentrating their efforts on creating sophisticated therapeutic answers like motor fluctuations and dyskinesia to improve symptom regulation while reducing side effects. These issues often complicate Parkinson's disease treatment, negatively impacting patient welfare. For example, AbbVie Inc., a pharmaceutical firm based in the United States, introduced PRODUODOPA in January 2024. PRODUODOPA, which consists of foslevodopa/foscarbidopa, is a pioneering 24-hour subcutaneous infusion therapy for advanced Parkinson's disease that specifically treats severe motor fluctuations and dyskinesia when other treatments are ineffective. It delivers levodopa continuously, potentially enhancing the 'on' time and bettering symptom management.
How Is the Anti-Parkinson Drugs Market Segmented?
The anti-parkinson drugs market covered in this report is segmented -
1) By Drugs Class: Levodopa Or Carbidopa, Dopamine Receptor Agonists, Monoamine Oxidase Type B (MAO-B) Inhibitors, Catechol-O-Methyltransferase (COMT)-inhibitors, Anticholinergics, Other Drugs
2) By Route of Administration: Oral, Injection, Transdermal
3) By Distribution Channel: Hospital Pharmacies, Retailer Pharmacies, Online Pharmacies
Subsegments:
1) By Levodopa Or Carbidopa: Immediate-Release Levodopa Or Carbidopa, Extended-Release Levodopa Or Carbidopa
2) By Dopamine Receptor Agonists: Pramipexole, Ropinirole, Rotigotine
3) By Monoamine Oxidase Type B (MAO-B) Inhibitors: Selegiline, Rasagiline, Safinamide
4) By Catechol-O-Methyltransferase (COMT)-Inhibitors: Entacapone, Tolcapone
5) By Anticholinergics: Benztropine, Trihexyphenidyl
6) By Other Drugs: Amantadine, Apomorphine
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Where Is the Anti-Parkinson Drugs Market Growth Most Prominent?
North America was the largest region in the anti-Parkinson drugs market in 2023. Middle East is expected to be the fastest-growing region in the anti-parkinson drugs market during the forecast period. The regions covered in the anti-parkinson drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Anti-Parkinson Drugs Global Market Report?
- Market Size Analysis: Analyze the Anti-Parkinson Drugs Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Anti-Parkinson Drugs Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Anti-Parkinson Drugs Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Anti-Parkinson Drugs Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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