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Neurodegenerative Disease Market Strategic Industry Overview and Forecast 2026 to 2035
According to the latest research by InsightAce Analytic, the global Neurodegenerative Disease Market Size is valued at 44.51 Billion in 2024 and is predicted to reach 71.67 Billion by the year 2034 at a 5.0% CAGR during the forecast period for 2025-2034.
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Neurodegenerative diseases continue to exert a substantial adverse impact on both the mental and physical health of populations, while also contributing significantly to rising global healthcare expenditures. These disorders encompass a broad range of conditions characterized by the progressive degeneration of neurons within the brain. Among them, Alzheimer's disease represents the most prevalent neurological condition, with an estimated 5.8 million cases of Alzheimer's dementia reported in the United States in 2019 alone. Other major neurodegenerative disorders include Parkinson's disease, amyotrophic lateral sclerosis, multiple sclerosis, Huntington's disease, spinal muscular atrophy, and multiple system atrophy.
The market for neurological diseases that are caused by neurodegenerative diseases includes the sale of medicines for those diseases as well as services that are associated with them. One of the main factors propelling the growth of the neurodegenerative disease market is the rise in the frequency of neurodegenerative disorders brought on by the aging population. A class of terminal illnesses known as neurodegenerative disorders primarily affects the human brain's neurons, causing gradual degenerative alterations or the death of nerve cells. The rising prevalence of neurodegenerative diseases among the world's population fuels the expansion of the market for therapies for these diseases. The majority of neurological illnesses are increasing as the senior population expands. The market for treating neurological disorders has faced a substantial challenge due to the high failure rates of clinical trials and research and development (R&D). Although many companies are investing regularly in R&D to develop therapy alternatives for neurodegenerative illnesses, few of these therapies are now authorized.
North America is anticipated to contribute to the Neurodegenerative Disease market. The North American market's growth is driven by factors such as rising medicine demand, high costs, rising R&D expenditure, and favorable health reimbursement policies. In addition, the Asia Pacific Neurodegenerative Disease market is expected to register significant growth because of the aging population, high frequency of neurological illnesses, and increased demand for medications for Parkinson's and Alzheimer's disease in China and Japan.
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
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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 a 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.https://www.insightaceanalytic.com/images_data/148861653.
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