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Evolving Market Trends In The Anti-Parkinson Drugs Industry: Innovative Advancements In The Anti-Parkinson Drugs Market
Anti-Parkinson Drugs Market
What Is the Expected Anti-Parkinson Drugs Market Size During the Forecast Period?
The anti-parkinson drugs market has seen significant growth in recent years, projected to increase from $10.37 billion in 2024 to $11.08 billion in 2025, reflecting a CAGR of 6.9%. This expansion in the past can be linked to an aging population, rising disease occurrence, improved healthcare systems, and progress in scientific research.
The anti-parkinson drugs market size is expected to experience strong growth in the next few years. It will increase to $13.73 billion by 2029 at a compound annual growth rate (CAGR) of 5.5%. Growth is driven by increased awareness, biotechnological advancements, and the expansion of emerging markets. Key trends include investment in R&D, personalized medicine, disease-modifying therapies, drug repurposing, telemedicine, remote monitoring, biosimilars, and research collaborations.
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What Are the High-Growth Segments in the Anti-Parkinson Drugs Market?
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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What Key Drivers Are Expected to Influence Future Anti-Parkinson Drugs Market Growth?
The rise in the elderly population and increased cases of Parkinson's disease are expected to elevate demand in the anti-Parkinson drugs market. Parkinson's is more prevalent in individuals over 60 years old. For example, the WHO stated in October 2022 that by 2030, one in six people globally will be aged 60 or older, with the number doubling to 2.1 billion by 2050. This demographic shift supports ongoing market growth.
Which Companies Hold the Largest Share Across Different Anti-Parkinson Drugs Market Segments?
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 Trends Are Driving Growth in The Anti-Parkinson Drugs Market?
Companies in the anti-Parkinson drugs market are focusing on creating advanced therapies that address motor fluctuations and dyskinesia, common symptoms of Parkinson's disease. For example, AbbVie Inc. launched PRODUODOPA in January 2024, a 24-hour subcutaneous infusion therapy that aims to manage severe motor fluctuations and improve symptom control for patients with advanced Parkinson's disease.
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What Are the Emerging Geographies for The Anti-Parkinson Drugs Market Growth?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Anti-Parkinson Drugs Market?
2. What is the CAGR expected in the Anti-Parkinson Drugs Market?
3. What Are the Key Innovations Transforming the Anti-Parkinson Drugs Industry?
4. Which Region Is Leading the Anti-Parkinson Drugs Market?
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