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Steady Expansion Forecast for Vesicular Monoamine Transporter 2 (VMAT2) Inhibitor Market, Projected to Reach $1.83 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Vesicular Monoamine Transporter 2 (VMAT2) Inhibitor Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for vesicular monoamine transporter 2 (vmat2) inhibitor has experienced swift expansion recently. The market is projected to increase from a valuation of $1.13 billion in 2024 to $1.25 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.3%. The surge during the historic period is linked to factors such as the rising incidence of movement disorders, escalating demand for efficacious treatment solutions, heightened awareness regarding tardive dyskinesia, an increase in the aging population, and a growing bias towards oral formulations.
Vesicular Monoamine Transporter 2 (VMAT2) Inhibitor Market Size Forecast: What's the Projected Valuation by 2029?
Expectations for the vesicular monoamine transporter 2 (vmat2) inhibitor market project a swift expansion in the immediate future. The market is predicted to surge to $1.83 billion in 2029 with a compound annual growth rate (CAGR) of 10.1%. This anticipated expansion over the forecast period is linked to an increase in neurodegenerative diseases prevalence, the expanding implementation of targeted treatments, a heightened emphasis on personalized medicine, augmented investments in research and development, and enhanced knowledge of psychiatric and movement disorders. Key trends in the forecast period comprise enhancements in neurological study, progress in medicine formulations, a transition towards personalized and precision medicine, the creation of next-generation VMAT2 inhibitors, and the incorporation of digital health technologies.
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What Are the Drivers Transforming the Vesicular Monoamine Transporter 2 (VMAT2) Inhibitor Market?
The expansion of the vesicular monoamine transporter 2 (VMAT2) inhibitor market is expected to be powered by the rising incidences of Parkinson's disease. Parkinson's disease is a progressively degenerative neurological condition that impacts movement, caused by the depletion of dopamine-producing cells in the brain. The heightening occurrences of Parkinson's disease are predominantly due to factors like an aging population, enhanced diagnosis, environmental elements such as toxins, genetic impacts, and increased awareness of the disease. VMAT2 inhibitors control the symptoms of Parkinson's disease by managing the release of dopamine and reducing tremors and dyskinesia. For example, the Parkinson's Foundation, a nonprofit organization based in the US, reported in December 2022 that almost 90,000 individuals were diagnosed with Parkinson's disease in the U.S. This figure represents a 50% upsurge from the previous estimation of 60,000 annual diagnoses. Consequently, the increased incidences of Parkinson's disease are driving the growth of the vesicular monoamine transporter 2 (VMAT2) inhibitor market.
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What Long-Term Trends Will Define the Future of the Vesicular Monoamine Transporter 2 (VMAT2) Inhibitor Market?
Major firms in the vesicular monoamine transporter 2 (VMAT2) inhibitors market are prioritizing the creation of novel formulations like capsules to improve patient adherence, increase drug stability, and boost therapeutic effectiveness. Capsules, which are solid dosages surrounded by a gelatin or HPMC shell, support VMAT2 inhibitors in maintaining drug stability, providing accurate dosages, and improving patient adherence. For example, Neurocrine Biosciences Inc., an American biopharmaceutical firm, launched Ingrezza Sprinkle (valbenazine) capsules in July 2024. This new VMAT2 inhibitor Ingrezza formulation aims to simplify administration for adults suffering from tardive dyskinesia and Huntington's chorea-related dysphagia or difficulty swallowing. Ingrezza Sprinkle provides the same dosage options as Ingrezza and can be taken by sprinkling the capsule's contents on soft food or directly swallowing the capsule.
Which Segments in the Vesicular Monoamine Transporter 2 (VMAT2) Inhibitor Market Offer the Most Profit Potential?
The vesicular monoamine transporter 2 (vmat2) inhibitor market covered in this report is segmented -
1) By Drugs: Tetrabenazine, Deutetrabenazine, Valbenazine, Other Drugs
2) By Route Of Administration: Oral, Other Administrations
3) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy
4) By Application: Huntington's Disease, Tardive Dyskinesia, Other Applications
5) By End User: Hospitals, Homecare, Specialty Clinics, Other End Users
Subsegments:
1) By Tetrabenazine: Huntington's Disease Treatment, Tardive Dyskinesia Management, Tourette Syndrome Treatment
2) By Deutetrabenazine: Huntington's Disease Chorea, Tardive Dyskinesia Treatment, Off-Label Movement Disorders
3) By Valbenazine: Tardive Dyskinesia Treatment, Tourette Syndrome Research, Other Hyperkinetic Movement Disorders
4) By Other Drugs: Investigational VMAT2 Inhibitors, Emerging Therapies For Movement Disorders, Off-Label Use In Neurological Conditions
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Which Firms Dominate the Vesicular Monoamine Transporter 2 (VMAT2) Inhibitor Market by Market Share and Revenue in 2025?
Major companies operating in the vesicular monoamine transporter 2 (VMAT2) inhibitor market are Thermo Fisher Scientific Inc., Eli Lilly and Company, Merck KGaA, Teva Pharmaceutical Industries Ltd., Otsuka Pharmaceutical Co. Ltd., Otsuka Pharmaceutical, Astellas Pharma, Bausch Health Companies Inc., Avantor Inc., Sun Pharmaceutical Industries Limited, Sumitomo Dainippon Pharma, Dr. Reddy's Laboratories Ltd., H. Lundbeck A/S, Hikma Pharmaceuticals plc, Lupin Limited, Neurocrine Biosciences Inc., Luye Pharma Group Ltd., Ventegra Inc., Mitsubishi Tanabe Pharma Corporation, Biomol GmbH
Which Regions Offer the Highest Growth Potential in the Vesicular Monoamine Transporter 2 (VMAT2) Inhibitor Market?
North America was the largest region in the vesicular monoamine transporter 2 (VMAT2) inhibitor market in 2024. The regions covered in the vesicular monoamine transporter 2 (VMAT2) inhibitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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