About Neurodegenerative Drugs
Neurodegenerative drugs are medications used to treat or manage the symptoms of neurodegenerative diseases. These are diseases that cause progressive damage and loss of nerve cells in the brain and spinal cord. There are some different types of neurodegenerative drugs such as Acetylcholinesterase inhibitors, Dopamine agonists, Antiparkinsonian medications, and Glutamate antagonists. The Neurodegenerative Drugs market is poised for significant growth due to the confluence of rising disease burden, unmet medical needs, and advancements in research and development.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Neurodegenerative Drugs market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AbbVie Inc. (United States), GSK plc (United Kingdom), Johnson & Johnson Services, Inc. (United States), Biogen (United States), Merck & Co., Inc. (United States), Novartis AG (Switzerland), Bristol-Myers Squibb (United States), Lilly (United States), Eisai Co., Ltd. (Japan) and F. Hoffmann-La Roche Ltd. (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are H. Lundbeck A/S (United Kingdom), Acadia Pharmaceuticals Inc. (United States), Supernus Pharmaceuticals, Inc. (United States), Alkermes (Ireland) and Amgen Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Neurodegenerative Drugs market by and Region.
On the basis of geography, the market of Neurodegenerative Drugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by Route of Administration, the sub-segment i.e. Oral will boost the Neurodegenerative Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Retail Pharmacy will boost the Neurodegenerative Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Indication , the sub-segment i.e. Alzheimer Disease will boost the Neurodegenerative Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Drug Class, the sub-segment i.e. Glutamate Regulators will boost the Neurodegenerative Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Cholinesterase Inhibitors
Market Growth Drivers:
Increase in Prevalence of Neurodegenerative Diseases and Growing Awareness of Neurodegenerative Diseases
Challenges:
Lack of Skilled Professionals and Infrastructure in Developing Economies
Restraints:
High Cost of Drug Development
Opportunities:
Untapped Potential in Emerging Markets and Increased Government and Private Funding for Research
Market Leaders and their expansionary development strategies
In July 2021, GlaxoSmithKline (GSK) and Alector announced a global collaboration in immuno-neurology for two clinical-stage first-in-class monoclonal antibodies AL001 and AL101, for a range of neurodegenerative diseases, including frontotemporal dementia, amyotrophic lateral sclerosis, Parkinson’s disease, and Alzheimer’s disease.
In June 2021, Biogen and Eisai launched multiple initiatives to help patients with Alzheimer’s disease access ADUHELM. ADUHELM reduces amyloid beta plaques, a protein buildup in the brain associated with Alzheimer's disease.
Key Target Audience
Government Bodies, Research Center, Research & Consultancy Firms, Regulatory Authorities and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.