Rare Neurodegenerative Disease Treatment Market: Introduction
According to the report, the global rare neurodegenerative disease treatment market was valued at US$ 67 Bn in 2019 and is projected to expand at a CAGR of ~5% from 2020 to 2030. Various types of neurological disorders are epilepsy, Alzheimer’s disease, Parkinson’s disease, multiple sclerosis, cerebrovascular diseases, and others. The different types of drug class to treat neurology disorders are anticholinergic, antiepileptic, antipsychotic, hypnotic & sedative, analgesics, antihypertensive, anticoagulants, and others. In terms of indication, the global rare neurodegenerative disease treatment market has been classified into multiple sclerosis (MS), Alzheimer’s disease, Parkinson's disease, acute migraine, autism, narcolepsy, amyotrophic lateral sclerosis (ALS), attention deficit hyperactivity disorder (ADHD), spinal muscular atrophy, Tourette syndrome, Huntington's disease, and others. The multiple sclerosis (MS) segment captured the largest market share in 2019. The segment is expected to be driven by rise in number of patients with multiple sclerosis and increase in awareness about the disorder.
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Based on drug class, the global rare neurodegenerative disease treatment market has been categorized into neurotransmitter agents, neuroprotective agents, biologics, and others. The neuroprotective agents segment held major share of the global market in 2019. In terms of distribution channel, the global rare neurodegenerative disease treatment market has been divided into hospital pharmacies, online pharmacies, and retail pharmacies. The hospital pharmacies segment accounted for the leading share of the market in 2019. Large inventory maintained by hospitals and availability of essential drugs at hospital pharmacies are likely to drive the segment.
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Rare Neurodegenerative Disease Treatment Market: Prominent Regions
North America held a major share of the global rare neurodegenerative disease treatment market in 2019. Recent product approvals & launch of new drugs and presence of prominent pharmaceutical companies offering therapeutic products for the treatment of rare neurological disorders are key factors driving the market in the region. Increase in healthcare expenditure also contributes to the growth of the market in North America. Europe held the second largest share of the global rare neurodegenerative disease treatment market in 2019. The growth of the rare neurodegenerative disease treatment market in the region can be attributed to the rise in the number of patients with rare neurological conditions and increase in R&D expenditure.
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Rare Neurodegenerative Disease Treatment Market: Key Players
Leading players are expanding their footprint to strengthen their positions in the global rare neurodegenerative disease treatment market. Promising drug candidates in pipeline and increase in research & development efforts by big pharmaceutical companies are likely to present lucrative opportunities in the global rare neurodegenerative disease treatment market. Hence, manufacturers engage in new product development, collaborations, and distribution to gain market share. Key players operating in the global rare neurodegenerative disease treatment market include Allergan plc, Bayer AG, F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc, Johnson & Johnson, Merck KGaA, Novartis AG, Pfizer, Inc., Sanofi, and Teva Pharmaceutical Industries Ltd.
Global Rare Neurodegenerative Disease Treatment Market: Segmentation
Rare Neurodegenerative Disease Treatment Market, by Indication
- Multiple Sclerosis (MS)
- Alzheimer’s Disease
- Parkinson's Disease
- Acute Migraine
- Autism
- Narcolepsy
- Amyotrophic Lateral Sclerosis (ALS)
- Attention Deficit Hyperactivity Disorder (ADHD)
- Spinal Muscular Atrophy
- Tourette Syndrome
- Huntington's disease
- Others
Rare Neurodegenerative Disease Treatment Market, by Drug Class
- Neurotransmitter Agents
- Neuroprotective Agents
- Biologics
- Others
Rare Neurodegenerative Disease Treatment Market, by Distribution Channel
- Hospital Pharmacies
- Online Pharmacies
- Retail Pharmacies
Rare Neurodegenerative Disease Treatment Market, by Region
- North America
- S.
- Canada
- Europe
- Germany
- K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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The global Rare Neurodegenerative Disease Treatment Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the rare neurodegenerative disease treatment market include Allergan Plc, Bayer AG, F.Hoffmann-La Roche Ltd., GlaxoSmithKline plc, Johnson & Johnson, Merck KGaA, Novartis AG, Pfizer Inc., Sanofi, and Teva Pharmaceutical Industries Ltd.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Rare Neurodegenerative Disease Treatment Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/rare-neurodegenerative-disease-treatment-market/download-sampleMarket DynamicsThe rise in prevalence and increase in demand for newer drugs to treat rare neurological disorders has led to an increase in research & development efforts followed by introducing innovative neurological disorder drugs.
In addition, an increase in demand for neurological disorder drugs for the treatment of Alzheimer’s disease and Parkinson’s disease and a rise in competition between major players are likely to boost the growth of the market.
However, the cost of neurological disorder treatment is considerably high, owing to the large quantity of antiepileptic, anticholinergic, and hypnotic & sedatives required.
The global rare neurodegenerative disease treatment market is projected to surpass a valuation of US$ 116 billion by 2030, according to a new study by Fact.MR.
Medical technology advancements offer consistent and better results, thereby, acting as a priority in the healthcare sector.
This has projected as a major growth aspect for the market.
Increased research investment and developed medical assistance are anticipated to complement overall market growth," says a Fact.MR analyst.Request a report sample to gain comprehensive market insights at: https://www.factmr.com/connectus/sample?flag=S_id=5197Rare Neurodegenerative Disease Treatment Market - Key TakeawaysHospital Pharmacies will account for the highest market share owing to rising demand by researchers and doctors.Due to reduced levels of toxicity, neuroprotective agents are estimated to account for larger market share.North America will continue to hold largest share in neurodegenerative disease treatment market.Antioxidant benefits in plant polyphenol will widen the scope of therapeutic applications.Rare Neurodegenerative Disease Treatment Market - DriversSteady government support and improved reimbursement policies pertaining to the medical industryAdvancements in medical technology for treatment and diagnosis.Increasing cases of neurodegenerative diseases in North America and Europe.Increased research, development and investments by leading manufactures.Rare Neurodegenerative Disease Treatment Market - ConstraintsHigh-priced nature of treatment can limit adoption over the forecast period.Absence of trained professionals in developing economies will act as a major constraint in the market.Impact of COVID-19 on Rare Neurodegenerative disease Treatment MarketCOVID-19 had an adverse effect on worldwide businesses.
According to new research, patients suffering from multiple sclerosis are at higher risk as symptoms are not easily visible.
According to Chicago based Medicine Health System, 82% of patients' in America while 1 in 3 patients in Europe recorded neurological symptoms post COVID treatment but redirection of medical resources towards coronavirus treatment and strict restrictions will reduce the adoption of neurological treatments.For More Detailed Information about Methodology @ https://www.factmr.com/connectus/sample?flag=RM_id=5197Rare Neurodegenerative Market - Competition LandscapeLeading players identified in the global market include Allergan Plc, Bayer AG, F.Hoffmann-La Roche Ltd., GlaxoSmithKline plc, Johnson & Johnson, Merck KGaA, Novartis AG, Pfizer Inc., Sanofi, and Teva Pharmaceutical Industries Ltd. Manufacturers are focussing on product launches and improvements in functionality.
