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Central Nervous System (CNS) Therapeutics Market to Witness Continued Growth by 2033 - Allied Market Research
Central Nervous System (CNS) Therapeutics Market
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Central Nervous System (CNS) Therapeutics Market Growth Factors
Several factors contribute to the robust growth of the Central Nervous System (CNS) Therapeutics Market:
1. Rising Prevalence of Neurodegenerative Disorders: The increasing incidence of conditions such as Alzheimer's disease, Parkinson's disease, and multiple sclerosis has heightened the demand for effective therapeutics. For instance, over 1.8 million people globally are affected by multiple sclerosis.
2. Advancements in Research and Development: Continuous efforts in R&D have led to the discovery of novel drugs and treatment approaches, enhancing the efficacy of CNS therapeutics.
3. Aging Population: The global increase in the elderly population, who are more susceptible to neurological disorders, has escalated the need for CNS therapeutics.
4. Improved Healthcare Infrastructure: Developments in healthcare facilities, particularly in emerging economies, have facilitated better access to CNS treatments.
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Central Nervous System (CNS) Therapeutics Market Segmentation
The Central Nervous System (CNS) Therapeutics Market can be segmented based on disease type and region.
By Disease Type:
• Neurodegenerative Diseases: This segment dominated the market in 2023 and is expected to maintain its leading position during the forecast period. The surge in prevalence of diseases like Alzheimer's and Parkinson's contributes to this dominance.
• Neurovascular Diseases: Includes conditions affecting the blood vessels of the brain and spinal cord.
• CNS Trauma: Encompasses injuries to the brain and spinal cord resulting from external forces.
• Mental Health: Covers psychiatric disorders such as depression, anxiety, and schizophrenia.
• Infectious Diseases: Involves CNS infections like meningitis and encephalitis.
• CNS Cancer: Pertains to malignancies within the central nervous system.
• Others: Includes miscellaneous CNS disorders not categorized above.
By Region:
• North America: Held the largest revenue share in 2023, attributed to a high geriatric population and well-developed healthcare infrastructure.
• Europe: Exhibits significant market presence with ongoing research and healthcare advancements.
• Asia-Pacific: Anticipated to grow at the fastest rate during the forecast period, driven by a large patient pool and increasing prevalence of mental health disorders.
• LAMEA (Latin America, Middle East, and Africa): Emerging market with potential growth opportunities due to improving healthcare facilities.
Key Players in the Central Nervous System (CNS) Therapeutics Market
The Central Nervous System (CNS) Therapeutics Market features several prominent companies:
• Biogen Inc.
• Johnson & Johnson
• Eli Lilly and Company Inc.
• Merck & Co. Inc.
• F. Hoffmann-La Roche
• Novartis AG
• Takeda Pharmaceuticals
• Viatris
• UCB
• Teva Pharmaceutical Industries Ltd.
The Central Nervous System (CNS) Therapeutics Market is poised for substantial growth, driven by the increasing prevalence of neurological disorders, advancements in research and development, and an aging global population. Market segmentation reveals the dominance of neurodegenerative diseases and highlights the rapid growth anticipated in the Asia-Pacific region. Leading pharmaceutical companies continue to invest in innovative treatments, further propelling market expansion.
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Notes:
Production, means the output of CNS Therapeutics
Revenue, means the sales value of CNS Therapeutics
This report studies CNS Therapeutics in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with Production, price, revenue and market share for each manufacturer, covering
Pfizer, Inc. (USA)
Johnson & Johnson (USA)
Bristol-Myers Squibb…
