Digital Neuritis Drug Market Scope
Digital Neuritis is an inflammation of a nerve or nervous system that is generally caused due to diabetes mellitus, acute or chronic local trauma or pressure, or accompanying systemic illnesses such as rheumatoid disease, leprosy, Raynaud disease. The increasing number of diabetic patients across the globe due to changes in lifestyle thereby increasing patients with digital neuritis will accelerate the adoption. Further, the development of therapeutics for the treatment of digital neuritis patients has led manufacturers towards the development of drugs in different forms like injection, topical, etc.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Ralington pharma LLP (India), Pfizer Inc. (United States), Eli Lilly and Co. (United States), Alnylam Pharmaceuticals (United States), Johnson and Johnson (United States), Daiichi Sankyo (Japan), Novartis (Switzerland) and Astellas Pharma (Japan) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Digital Neuritis Drug market throughout the predicted period.
Ralington pharma LLP (India), Pfizer Inc. (United States), Eli Lilly and Co. (United States), Alnylam Pharmaceuticals (United States), Johnson and Johnson (United States), Daiichi Sankyo (Japan), Novartis (Switzerland) and Astellas Pharma (Japan) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Digital Neuritis Drug market by Type , by Application (Children and Adult) and Region with country level break-up.
On the basis of geography, the market of Digital Neuritis Drug has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In August 2023, Pfizer forms a strategic alliance with Otsuka Pharmaceutical Co. Ltd. to develop and commercialize digital therapeutics for Alzheimer's disease and other neurodegenerative disorders. This collaboration combines expertise in pharmaceutical development with digital technology to accelerate the development of much-needed treatments.
In November 2023, Gabapentin Extended-Release (GR) 1200mg was launched by Zydus Pharmaceuticals. This once-daily capsule provides a higher dose of gabapentin, a well-established DPN treatment, for patients with more severe or uncontrolled pain.
Influencing Trend:
Increased Focus on the Development and Manufacturing of Digital Neuritis Drug
Market Growth Drivers:
Surging Demand of Digital Neuritis Topical for Treating Skin Conditions like allergies, rash, Itching, Etc.
Challenges:
Allergic Reactions and Side Effects Due to Some Digital Neuritis Drugs
Restraints:
Lack of Awareness and High Cost Associated with Digital Neuritis Drugs
Opportunities:
Increasing Number of Interdigital Neuritis Patients Across the Globe
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Digital Neuritis Drug Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others