Parkinson's Disease Therapeutic Market Growth Strengthened by Diversification of Drugs and Treatment Modalities

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Parkinson's Disease Therapeutic Market - (By Drugs (Carbidopa-levodopa, Dopamine agonists, Mao-b inhibitors, COMT inhibitors, Anticholinergics, Others), By Distribution Channel (Hospital pharmacy, Retail pharmacy, Online pharmacy), By Brand (Branded, Generics), By Route of Administration (Oral, Injectable, Intestinal Infusion, Subcutaneous, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Parkinson's Disease Therapeutic Market is valued at US$ 4.22 Bn in 2023, and it is expected to reach US$ 6.51 Bn by 2031, with a CAGR of 5.7% during the forecast period of 2024-2031.

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Parkinson's disease (PD) is a progressive neurodegenerative disorder predominantly marked by motor dysfunction, with current therapeutic strategies primarily focused on symptom management and enhancing patient quality of life.

The Parkinson's disease therapeutics market is experiencing steady growth, underpinned by rising awareness and advancements in early diagnostic capabilities. Innovations in neuroimaging technologies and the identification of disease-specific biomarkers are facilitating earlier and more precise diagnoses, thereby improving therapeutic outcomes and treatment accuracy. Furthermore, increased research and development investments from pharmaceutical companies and public health institutions are driving significant progress in drug discovery and disease management.

Collaborative partnerships between biotechnology firms and academic research centers are accelerating the development of novel, potentially disease-modifying therapies. In addition, the adoption of digital health solutions-including wearable monitoring devices and telemedicine platforms-is enhancing patient monitoring, adherence, and overall disease management. Collectively, these factors are expected to sustain long-term expansion in the Parkinson's disease therapeutics market.

List of Prominent Players in the Parkinson's Disease Therapeutic Market:
• Teva Pharmaceutical Industries Ltd.,
• Novartis AG
• GlaxoSmithKline Plc.
• AbbVie Inc.
• Merck & Co. Inc.,
• Zydus Cadila
• Dr. Reddy's
• Sun Pharmaceutical Industries Ltd.
• Cipla Inc.
• Boehringer Ingelheim International GmbH
• Denali Therapeutics Inc.
• Biogen Inc.
• Prevail Therapeutics
• Eli Lilly and Company
• Voyager Therapeutics.
• Intas Pharmaceuticals Ltd.
• Torrent Pharmaceuticals Ltd.
• Amneal Pharmaceuticals
• Aurobindo Pharma Limited
• Accord Healthcare Ltd.

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Market Dynamics
Drivers:
The expansion of the Parkinson's disease therapeutics market is largely driven by the rising global prevalence of the disorder, particularly within aging populations. Enhanced awareness and advancements in diagnostic methodologies are enabling earlier and more precise detection of Parkinson's disease, thereby increasing demand for targeted and effective treatment solutions. The diversification of therapeutic options tailored to address varying disease stages and symptom severity is further contributing to improved clinical outcomes.

Additionally, the integration of artificial intelligence (AI) and machine learning technologies in drug discovery and development is transforming the research and development landscape. These technologies facilitate the efficient analysis of complex biological datasets, improve predictive modeling for clinical trials, and streamline regulatory processes, collectively accelerating the development and approval of novel therapies while optimizing costs. Such technological innovations are expected to play a central role in sustaining market growth over the forecast period.

Challenges:
Despite significant progress, the Parkinson's disease therapeutics market faces several constraints, including a slowdown in the approval of new drugs. This limitation restricts the introduction of innovative treatment options, reduces therapeutic diversity, and narrows patient choice. A constrained pipeline of novel therapies may also impede advancements in disease management, reduce competitive pressures, and contribute to elevated costs for existing treatments. Collectively, these factors pose a substantial barrier to market expansion and challenge efforts to meet evolving clinical demands.

Regional Trends:
North America maintains a leading position in the global Parkinson's disease therapeutics market, supported by a high disease prevalence among its aging population and substantial investments in neurological research. The region benefits from advanced healthcare infrastructure and early adoption of innovative therapeutic technologies. Europe also represents a significant market, underpinned by well-established healthcare systems, robust regulatory frameworks, and increasing collaboration between academic institutions and pharmaceutical companies. The presence of key industry participants, coupled with strategic partnerships and investments in research and development, further reinforces the market's growth trajectory on a global scale.

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Recent Developments:
• In March 2024, Sanofi and Cipla have formed an exclusive collaboration to distribute and promote Sanofi India's Central Nervous System (CNS) product range in India. Under this collaboration, Cipla will assume the responsibility of distributing Sanofi India's six CNS brands, which includes Frisium®, a prominent brand in the anti-epileptic drug field.
• In Oct 2022, Biogen and Denali Therapeutics commenced the Phase 3 LIGHTHOUSE Study in Parkinson's Disease linked to LRRK2 Pathogenic Mutations. The main objective of the LIGHTHOUSE trial was to measure the duration until proven deterioration, evaluated using the Movement Disorder Society-Sponsored Revision of the Unified Parkinson's Disease Rating Scale (MDS-UPDRS), during the treatment term of up to 180 weeks.

Segmentation of Parkinson's Disease Therapeutic Market-
By Drugs
• Carbidopa-levodopa
• Dopamine agonists
• Mao-b inhibitors
• COMT inhibitors
• Anticholinergics
• Others
By Distribution Channel-
• Hospital pharmacy
• Retail pharmacy
• Online pharmacy
By Brand
• Branded
• Generics
By Route of Administration
• Oral,
• Injectable,
• Intestinal Infusion,
• Subcutaneous
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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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.

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This release was published on openPR.