Parkinson's Disease Drugs Market by Drug Class (Decarboxylase Inhibitors, Dopamine Agonists, COMT Inhibitors, MAO-B Inhibitors, Others), by Route of Administration (Oral, Injection, Transdermal), by Age Group (50 or below 50, Above 50 years): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global Parkinson’s disease drugs market was valued at $5,689.12 million in 2021, and is projected to reach $10,402.65 million by 2031, registering a CAGR of 6.2% from 2021 to 2031.
Parkinson's disease is a slowly progressing neurological condition that affects a few specific nerve cells (neurons) in the substantia nigra region of the brain. These cells produce dopamine, a chemical that transmits the signal in brain. Dopamine is essential for controlling body moves and cause of many Parkinson's disease symptoms is a decrease in dopamine level. People over the age of 50 are mostly affected by Parkinson’s disease. They may further experience mental & behavioral changes, sleep problems, depression, memory difficulties, and fatigue. The Parkinson’s disease drugs are used to treat Parkinson’s disease and reduces the symptoms of Parkinson’s disease. Signs and symptoms of Parkinson’s disease such as tremor, bradykinesia, rigid muscles, impaired posture and balance. Many of the symptoms are due to loss of neurons. The major risk factor is the age and others factors such as environmental factors, heredity, sex, exposure to toxins.
The major key factor such as increase in demand for Parkinson’s disease drugs is anticipated to increase globally during the forecast period, owing to rise in geriatric population and rising prevalence rate of Parkinson’s disease patients. Moreover, an increase in investments by key players toward R&D related to Parkinson’s disease drugs further drive growth of the market globally. However, adverse events associated with therapeutics of Parkinson’s disease drugs and high cost of treatment associated with Parkinson’s disease may limit the market growth. Conversely, high growth potential in untapped emerging countries and increasing R&D and continuous drug approval and product launch of Parkinson’s disease drugs are expected to offer lucrative growth opportunities for the key player in the market.
The Parkinson’s disease drugs market is segmented on the basis of drug class, route of administration, age group and region. On the basis of drug class, the market is classified into decarboxylase inhibitors, dopamine agonists, COMT inhibitors, MAO-B inhibitors and others. On the basis of route of administration, it is segmented into oral, injection and transdermal. On the basis of age group, it is segmented into 50 or below 50 and above 50 years. Furthermore, on the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include AbbVie Inc., Amneal Pharmaceuticals Inc Cantata Bio, Biogen Inc., C.H. Boehringer Sohn Ko.KG, Eli Lilly company, Glaxosmithkline Plc, Gentech Healthcare, Intas Pharmaceuticals Limited, Orion Corporation, Novartis AG, Pfizer Inc., Square group, Sun Pharmaceutical Industries Limited, Teva Pharmaceuticals, Torrent Group, UCB pharma, Viatris Inc.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global spatial genomics and transcriptomics market along with the current trends and future estimations to elucidate the imminent investment pockets.
A comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
Comprehensive quantitative analysis of the industry from 2020 to 2030 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
Extensive analysis of the key segments of the industry helps to understand the application and products of spatial genomics and transcriptomics used across the globe.
Key market players and their strategies have been analyzed to understand the competitive outlook of the market.
Key Market Segments
By Drug Class
* Decarboxylase Inhibitors
* Distribution Channel
* Hospital Pharmacies
* Drug stores and Retail Pharmacies
* Online Providers
* Dopamine Agonists
* COMT Inhibitors
* MAO-B Inhibitors
* Others
Route of Administration
* Oral
* Injection
* Transdermal
By Age Group
* 50 or below 50
* Above 50 years
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