Global “Neurodegenerative Disease Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Neurodegenerative Disease in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Neurodegenerative Disease Market report categorizes the market based on manufacturers, regions, type, and application. Neurodegenerative Disease Market reports offer a detailed assessment of the Neurodegenerative Disease including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Neurodegenerative Disease market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The neurodegenerative disease market is expected to witness a CAGR of 5.5% during the forecast period, 2018-2023. The market for neurodegenerative disease will experience robust growth, owing to the continuous developments that are made in the medical sector, which is both in the treatment and diagnosis of the neurological disorders.
Increasing Prevalence of Neurodegenerative Disorders
Along with increasing global population and average lifespan, the prevalence of neurological disorders is on the rise, worldwide. The Alzheimer’s Association states that around 5.4 million people in the United States were been living with Alzheimers disease, as of 2016. This disease is the sixth leading cause of death in the United States and is more prevalent among people above 65 years of age (5.2 million out of the 5.4 million patients fall in this age bracket). The number is expected to increase during the forecast period, worsening the situation in the coming years. Thus, the prevalence of neurodegenerative disorders is on the rise, contributing to the growth of this market.
The other driving factors include the strong product pipeline for neurodegenerative diseases and new drug launches.
Patent Expiries During the Forecast Period
The neurodegenerative market is facing multiple patent expiries, which are likely to restrain the market globally. Some of the patents include Azilects patent expiring in May 2017, Comtans patent expiring in 2019, and Stalevo 50 in June 2021. Hence, it is anticipated that the market is going to face a downfall in the coming years. Rilutek, a drug that is used to treat Amyotrophic Lateral Sclerosis, will lose its patent protection in 2018, further reducing the growth of the market. These consecutive patent expiries will enable generics and players, offering low priced products, to enter the market, thus, causing a loss in the revenues for major key players, which is expected to impede the growth of the neurodegenerative market.
The other factors restraining the market include disease complexity and stringent regulations.
North America Dominates the Neurodegenerative Disease Market
With increasing aging population in the United States, a simultaneous increase in neurodegenerative diseases has been observed. Asia-Pacific has also been projected to have the fastest growth, owing to increasing population, favorable government policies, modernization of healthcare infrastructure, and growing medical tourism industry in developing nations, such as China, and India, in this region.
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The global Neurodegenerative Disease market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Neurodegenerative Disease Market Report covers the Top Key-players in 2021:-
- Novartis International Ag
- Pfizer Inc.
- Merck Serono
- Biogen Idec
- Teva Pharmaceutical Industries Ltd
- Bayer Schering
- Boehringer Ingelheim Gmbh
- Sanofi S.A.
- Glaxosmithkline Plc.
Highlighted points of Neurodegenerative Disease Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This Neurodegenerative Disease Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Neurodegenerative Disease? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Neurodegenerative Disease Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Neurodegenerative Disease Market? What Was Capacity, Production Value, Cost and PROFIT of Neurodegenerative Disease Market?
- What Is Current Market Status of Neurodegenerative Disease Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Neurodegenerative Disease Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Neurodegenerative Disease Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Neurodegenerative Disease Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Neurodegenerative Disease Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Neurodegenerative Disease Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Neurodegenerative Disease Industry?
Key Developments in the Neurodegenerative Disease Market:
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Finally, the report Global Neurodegenerative Disease Market 2021 describes the Neurodegenerative Disease industry expansion game plan, the Neurodegenerative Disease industry knowledge supply, appendix, analysis findings, and the conclusion.
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