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Neurotherapeutic Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Neurotherapeutic Drugs Market: Overview

Neurological disorders are referred to as the change in the functioning of nervous system. Etiology of neurological disorder includes structural or biochemical change in the activity of brain, spinal cord and other nerves. Neurological disorders can be segmented primarily into three categories that include peripheral nervous system disorders (PNS) disorder, autonomous nervous system (ANS) disorder and central nervous system (CNS) disorders. Disorders those are associated with nerve and ganglia outside the brain and spinal cord are categorized as peripheral nervous system disorder. Likewise, disorder associated with brain and spinal cords are included in central nervous system disorders. Visceral fibers and efferent fibers are found in autonomic nervous system which acts as a control system for the CNS and PNS.  

Disorders in the above mentioned fiber are termed as autonomous nervous system disorder. Most of the neurologic disorders involve progressive decline in mental and physical capabilities that disturbs patient’s life. This change in activity of brain can be witnessed due to brain injury, changing lifestyle, genetic disorders, congenital health problems and other traumas. Patients suffering from these neurological disorders witnessed varied symptoms such as muscle weakness, paralysis, poor condition, pain and other disorders. Alzheimer’s, Parkinson’s, Huntington’s disease, neurological cancers, epilepsy and others traumas are the common neurological disorder.

Hence, neurotherapeutic drugs are prescribed for the management of such anxiety causing disorders. Few of the neurological therapeutic products that are in development phase includes MEM 3454, MKC-231, NS2330, 189254, Phosiphen, IL-13-PE38, 737004, 234551, CEP 1347, KW-6002, SLV308, MT 100, MT 300 and BIBN4096 BS.

Neurotherapeutic Drugs Market: Trends and Drivers

An increase in the geriatric population base worldwide, rising investments in R&D, and a deeper understanding of neurologic diseases are aiding the growth of the neurotherapeutic drugs market globally. The aged are more prone to brain disorders – this thus makes the growing geriatric population a high-impact driver for the demand for and sales of neurotherapeutic drugs worldwide. The World Health Organization has reported that by 2020, about 14.1% of the global population will suffer from some form of neurologic disorder. This will impel the production of neurotherapeutic drugs.

Some of the neurological drugs that occupy the lion’s share of the neurotherapeutic drugs market include Alzheimer’s, peripheral nerve disorders and neurological cancers.  Moreover, a large number of drugs are also available in the market for the treatment of the other neurological conditions such as stroke, dementia, migraine, Huntington’s disease, movement disorders, epilepsy and others. As supervision of both severe and persistent condition of the above mentioned disorder is a challenge to the patient and healthcare industry. Hence, a number of neurotherapeutic drugs are available in the market or in the clinical trial phases. 

Neurotherapeutic Drugs Market: Region-wise Outlook

Geographically, North America stands as the largest neurotherapeutic drugs market due to major and regular technological advancements. The region is marked by the presence of top market players. Moreover, with heightened awareness among people about various neurological conditions and government initiatives, the growth of the neurotherapeutic drugs treatment market is North America is projected to remain steady. Europe held the second largest neurotherapeutic drugs treatment market trailed by Asia-Pacific and Rest of the World. APAC is regarded as an emerging market as several countries in the region are poised on the brink of strong economic growth (healthcare facility upgradation, healthcare infrastructure, and product expansion). These countries include India, China, Japan, and Malaysia.

Various key players contributing to the global neurotherapeutic drugs treatment market comprises Abbott Laboratories, Inc., Becton, Dickinson and Company, Novartis AG, Johnson & Johnson, Pfizer, Inc., Sanofi-Aventis, Biogen, Inc., GlaxoSmithKline, Inc., AstraZeneca plc and Merck & Co.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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