Industry Background:
The brain is a complex organ with a vast number of the pathway that allows doing different activities. Brain is made up of billions of cells which are responsible for every second of everyday proper functioning. Some of the most important cells in the brain are called neurons. Neuron communicates with each other to perform every function of brain whether it involves movement, thinking, talking or remembering of things. When the cell of the brain are closely connected and miscommunicated in one area, it disrupts the other brain activities and leads to disease. Neurodegenerative disease is a term for a range of condition which primarily affects the neurons in the human brain. It occurs when the nerve cell in the brain or peripheral nervous system lose function over time and dies. These diseases are incurable and cause problems with movement or mental functioning (called dementias). The risk of this is being affected by the disease increases with age. Neurodegenerative diseases include Alzheimer's, multiple sclerosis, Huntington's disease, Parkinson's disease, multiple system atrophy, spinal muscular atrophy, and others. Change in lifestyles such as unhealthy eating habits, improper sleeping, and high-stress levels are likely to result in degenerative of nerve cells.This growth is primarily driven by Rising Prevalence of Neurological Disorder among All Genders, Races and Geographical Backgrounds, Increased Focus in Patient-Centric Healthcare Delivery and Growing Awareness about Neurodegenerative Diseases.
Globally, a noticeable market trend is evident Innovation in Neurodegenerative Disease Drug Discovery
. Major Players, such as Novartis (Switzerland), Merck Serono (United States), Teva Pharmaceutical (Isreal), Pfizer (United States), Biogen Idec (United States), Bayer Schering Pharma AG (Germany), Boehringer Ingelheim (Germany), Amarin Corporation (Ireland), AstraZeneca (United Kingdom), Alector (United States), Yumanity Therapeutics (United States), Yangtze River Pharmaceutical Group (China) and Chongqing Zein Pharmaceutical (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
According to the study of Parkinson’s Association in 2018, around 1.2 million people in the U.S are estimated to be suffering from Parkinson’s disease by 2030. As per the Alzheimer’s Association, around 5.4 million Americans were suffering from Alzheimer’s in the year 2016. Moreover, this disease is more prevalent among people aged 65 years and above.
Market Drivers
- Rising Prevalence of Neurological Disorder among All Genders, Races and Geographical Backgrounds
- Increased Focus in Patient-Centric Healthcare Delivery
- Growing Awareness about Neurodegenerative Diseases
Market Trend
- Innovation in Neurodegenerative Disease Drug Discovery
- Remote Monitoring and Growing Focus on Consumer-Centric Mobility Solutions
Restraints
- Stringent Government Rules and Regulations
- High Cost Associated With Neurodegenerative Disease
- Patent Expiry of Neurodegenerative Disease Treatment Products
Opportunities
Rising Incidence Due To Change In Lifestyle Such As Improper Sleeping, High-Stress Levels, And Unhealthy Eating Habits
Challenges
Dearth of Skilled Professionals to Treat Neurodegenerative Diseases
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Neurodegenerative Diseases Study Sheds Light on
The Neurodegenerative Diseases Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Neurodegenerative Diseases industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Neurodegenerative Diseases industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.