Parkinson’s Disease Market to Reach at a CAGR of 12.2% With Key Players – GlaxoSmithKline Plc, Acorda Therapeutics, Inc, Amneal Pharmaceuticals LLC , Imugene Limited
Global Parkinson’s Disease Market is rising gradually to an estimated value of USD 9.7 Billion by 2026 registering a healthy CAGR of 12.2% in the forecast period of 2019-2026. This significant rise in market value can increase research development initiatives to launching novel therapies.
Global Parkinson’s Disease Market By Type (Drug-induced parkinsonism, Vascular parkinsonism, Normal pressure hydrocephalus (NSA), Corticobasal degeneration (CBD), Progressive supranuclear palsy (PSP), Multiple system atrophy (MSA), Idiopathic Parkinson’s and Others), Mechanism of Cation type( Dopamine agonists, Monoamine oxidase B (MAO-B) inhibitors, Catechol-O-methyltransferase (COMT) inhibitors, Adenosine A2 receptor antagonist), Therapy Type (Medication, Deep brain stimulation and Others), Drug Type (Amantadine, Safinamide, Brivaracetam, Pimavanserin, Carbidopa and levodopa, Rivastigmine tartrate, Rotigotine, Ferampanel, Apomorphine hydrochloride, Pramipexole and Others), Route of Administration (Oral, Sublingual, Parenteral and Others), End- users (Hospitals, Homecare, Specialty Clinics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
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Few of the major competitors currently working in the global parkinson’s disease market are, Teva Pharmaceutical Industries Ltd, GlaxoSmithKline Plc, Acorda Therapeutics, Inc, Amneal Pharmaceuticals LLC , Imugene Limited, Immutep, F. Hoffmann-La Roche Ltd, Osmotica Pharmaceuticals plc, Vertical Pharmaceuticals, LLC, Adamas Pharmaceuticals, Inc, Novartis AG, Eli Lilly and Company, AbbVie Inc and few among others.
Market Definition:
Parkinson’s disease is chronic and progressive neurodegenerative disorders that affects dopamine producing neurons in central nervous system. Parkinson’s disease tends to develops in brain over many years. The patient with Parkinson’s disease experience tremor, slow movement, rigid muscle, impaired posture and balance, loss of automatic movements, slurry speech and others.
According to the Clinical Practice Research Data link summary report 2018, it is identified that there were 145,519 prevalence cases of patient with age 20 and above with Parkinson’s disease in UK seen in the year 2018. The estimation incidence cases were 18,461 in patient aged above 45 or over. This significant rise in patient number acts as a driver for the growth of Parkinson’s disease Market.
Market Drivers
- Increase in prevalence rate of parkinson’s disease worldwide
- Exposure to certain toxin or change in environment may increase the parkinson’s disease
- The launch of new products and research collaboration are the prime strategies to reinforce the market position
- Growing in aging population as it affect most commonly in geriatric population
- Increase in the rate of R&D initiatives is driving parkinson’s disease drug therapeutics market
Market Restraints
- High cost involved in the treatment
- Patent expiry from many companies and introduction of generic drugs is expected to restrain the growth if the market
- Lack of awareness among the patient and physician about parkinson’s disease treatment
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Segmentation: Global Parkinson’s Disease Market
By Type
- Drug-induced parkinsonism
- Vascular parkinsonism
- Normal pressure hydrocephalus (NSA)
- Corticobasal degeneration (CBD)
- Progressive supranuclear palsy (PSP)
- Multiple system atrophy (MSA)
- Idiopathic Parkinson’s
- Others
By Mechanism of Cation type
- Dopamine agonists
- Monoamine oxidase B (MAO-B) inhibitors
- Catechol-O-methyltransferase (COMT) inhibitors
- Adenosine A2 receptor antagonist
By Drug Type
- Amantadine
- Safinamide
- Brivaracetam
- Pimavanserin
- Carbidopa and levodopa
- Rivastigmine tartrate
- Rotigotine
- Ferampanel
- Apomorphine hydrochloride
- Pramipexole
- Others
By Therapy
- Medication
- Deep brain stimulation
- Others
By Route of administration
- Oral
- Parenteral
- Sublingual
- Others
By End Users
- Hospitals
- Homecare
- Specialty Clinics
- Others
By Geography
- North America
- South America
- Europe
- Asia-Pacific
- Middle East & Africa
Key Developments in the Market:
- In February 2018, Osmotica Pharmaceuticals plc received FDA approval for Osmolex ER (amantadine hydrochloride) which is an extended release tablet indicated for the treatment of parkinson’s disease and drug-induced extrapyramidal reactions in adult patients
- In August 2017, Adamas Pharmaceuticals, Inc. received FDA approval Gocovri (amantadine) extended release tablet for the treatment of dyskinesia in patients with parkinson’s disease receiving levodopa-based therapy, with or without concomitant dopaminergic medications
Competitive Analysis: Global Parkinson’s Disease Market
Global parkinson’s disease market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of parkinson’s disease market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
- Current and future of global parkinson’s disease market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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