Press release
Neurodegenerative Disease Market Top Players - Novartis, Pfizer, Merck Serono, Biogen Idec, TEVA, UCB, Boehringer Ingelheim.
Neurodegenerative Disease Market
According to the latest research by InsightAce Analytic, the global Neurodegenerative Disease market will be valued at 44.51 Billion in 2024. It is expected to reach 71.67 Billion by the year 2034, with a CAGR of 5.0% during a forecast period of 2025-2034.
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Neurodegenerative diseases significantly affect both cognitive and physical health, while also imposing a substantial financial burden on global healthcare systems. These conditions encompass a wide range of disorders marked by the progressive decline of neuronal function in the brain, with Alzheimer's disease representing the most widespread form. In 2019, the United States recorded approximately 5.8 million cases of Alzheimer's dementia. Other major neurodegenerative disorders include Parkinson's disease, Huntington's disease, spinal muscular atrophy, multiple sclerosis, multiple system atrophy, and amyotrophic lateral sclerosis (ALS).
The neurodegenerative disease market involves the development and commercialization of therapeutic drugs and associated healthcare services for the management of these disorders. A primary factor driving market growth is the increasing incidence of neurodegenerative diseases, largely attributable to the global rise in the aging population. These diseases are chronic and progressive in nature, characterized by a steady decline in neuronal activity, culminating in cell death. Consequently, the growing patient population is intensifying demand for effective treatment options.
Despite strong investments in research and development, the market faces ongoing challenges, particularly due to high failure rates in clinical trials and the limited number of therapies that have secured regulatory approval. Nonetheless, the continuous R&D initiatives by pharmaceutical and biotechnology companies highlight a sustained commitment to addressing the unmet medical needs in this complex and evolving therapeutic domain.
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North America is projected to maintain a leading position in the neurodegenerative disease market, driven by growing demand for therapeutic interventions, high healthcare expenditure, strong investment in research and development (R&D), and favorable reimbursement policies. These factors collectively contribute to the region's sustained market growth and innovation in treatment approaches.
Simultaneously, the Asia Pacific region is expected to experience substantial growth throughout the forecast period. This expansion is fueled by a rapidly aging population, a rising prevalence of neurological conditions, and an increasing need for effective therapies targeting disorders such as Alzheimer's and Parkinson's diseases. Countries like China and Japan are anticipated to play a pivotal role in the region's market growth, supported by their large patient bases and ongoing advancements in healthcare infrastructure.
Major market players operating in the Neurodegenerative Disease market include
Novartis, Pfizer, Merck Serono, Biogen Idec, TEVA, UCB, Boehringer Ingelheim, Sanofi, GlaxoSmithKline and Other Key Players
Recent collaborations and agreements in the market:
• In March 2019, Novartis said that Mayzent had been approved by the FDA (siponimod). It is regarded as the first approved therapy for those with secondary progressive multiple sclerosis (SPMS). It is intended for patients who are 15 years of age and older.
• In January 2018, AVONEX, TYSABRI, and TECFIDERA began to be jointly promoted by Biogen Japan Ltd. and Eisai Co., Ltd. Biogen Japan produces them as a multiple sclerosis treatment. They will provide details on how these medications are used in hospitals.
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Market Segments
Global Neurodegenerative Disease Market, by Drug Class, 2022-2030 (Value US$ Mn)
• NMDA
• SSRIs
• Dopamine Inhibitors
Global Neurodegenerative Disease Market, by Application, 2022-2030 (Value US$ Mn)
• Parkinson's Disease
• Huntington Disease
• Amyotrophic Lateral Sclerosis
• Alzheimer's Disease
Global Neurodegenerative Disease Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Neurodegenerative Disease Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Neurodegenerative Disease Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Neurodegenerative Disease Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Neurodegenerative Disease Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Neurodegenerative Disease Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Neurodegenerative Disease market
To receive an industry overview and future trends of the Neurodegenerative Disease market
To analyze the Neurodegenerative Disease market drivers and challenges
To get information on the Neurodegenerative Disease market value (US$ Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Neurodegenerative Disease market industry
Read Overview Report- https://www.insightaceanalytic.com/report/global-neurodegenerative-disease-market/1097
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 607 400-7072
Asia: +91 79 72967118
info@insightaceanalytic.com
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