Neurodegenerative Drugs Market was valued at USD 20.49 Billion in 2022 and is projected to reach USD 30.20 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The neurodegenerative drugs market experienced significant growth in 2022, with a valuation of approximately $15.2 billion. The sector is projected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030, driven by the increasing prevalence of neurodegenerative disorders such as Alzheimer’s, Parkinson’s, and amyotrophic lateral sclerosis (ALS). The rising aging population, coupled with advancements in drug development and increased investment in research, is expected to boost market expansion. The growing adoption of novel therapeutic approaches and the introduction of innovative drug delivery systems are also key factors contributing to this growth trend.
Opportunity analysis reveals that the market is poised for substantial growth due to several emerging trends. Expanding research initiatives focusing on disease-modifying therapies and personalized medicine are likely to create lucrative opportunities for stakeholders. Additionally, the increasing prevalence of neurodegenerative diseases in emerging markets presents significant growth prospects. Regions such as Asia-Pacific and Latin America are anticipated to witness rapid market expansion due to improving healthcare infrastructure, rising healthcare expenditure, and increasing awareness of neurodegenerative disorders. This evolving landscape offers promising avenues for investment and innovation within the neurodegenerative drugs sector.
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Novartis
Pfizer
Merck Serono
Biogen Idec
TEVA Pharmaceuticals
UCB
Boehringer Ingelheim
Sanofi
GlaxoSmithKline
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Neurodegenerative Drugs Market
Hospital
Research
Based on Types the Market is categorized into Below types that held the largest Neurodegenerative Drugs market share In 2023.
NMDA
SSRIs
Dopamine Inhibitors
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Neurodegenerative Drugs Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Neurodegenerative Drugs Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Neurodegenerative Drugs Market, By Type
6. Global Neurodegenerative Drugs Market, By Application
7. Global Neurodegenerative Drugs Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Neurodegenerative Drugs Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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