Europe Neurological Disorders Drugs Market: Snapshot
Neurological drugs are developed to treat neurological disorders such as epilepsy, Parkinson’s disease, Alzheimer’s disease, multiple sclerosis, schizophrenia, traumatic brain injury, spinal cord injury, cerebrovascular diseases, and others. The growing prevalence of these disorders across the European region is anticipated to drive the demand for neurological disorder drugs market in the coming few years. The research report projects that intensifying concerns about living an adjusted life have prompted several patients to seek help. According to the study, the Europe neurological disorder drugs market was valued is expected to reach a valuation of US$32.0 bn by the end of 2024 as compared to US$18.3 bn in 2015. During the forecast years of 2016 and 2024, the overall market is expected to surge at a CAGR of CAGR of 6.4%.
Increasing Research and Development Fuels Market Growth
The Europe neurological disorders drugs market will be fueled by the growing initiatives taken by governments of several countries to educate the masses and to develop new drugs. For instance, European Parkinson's Disease Association in Europe is offering affordable medications to patients, campaigning to raise awareness, and supporting research and development activities to drive the overall neurological disorder drugs market. The market has also seen a steady emergence of several research and development programs that are focused toward developing effective drugs that come at affordable prices. The collective rise in the spending of countries on developing neurological disorder drugs is expected to improve the market’s revenue in the coming few years.
On the basis of various disorders, the market caters to disorders such as epilepsy, Parkinson’s disease, Alzheimer’s disease, multiple sclerosis, cerebrovascular disease and others. Out of all of these segments, the cerebrovascular disease held the dominant share in terms of revenue in 2015. The World Health Organization (WHO) states that the cerebrovascular diseases, which can manifest as a stroke, migraine and headache is the common cause of worry for several patients. About 80% of the patients suffering from cerebrovascular diseases across EU% show these symptoms. Thus, this segment is expected to exhibit a robust growth rate in the coming few years.
Germany Stands out as Highest Consumer of Neurological Disorder Drugs in Europe
In terms of geography, the Europe neurological disorder drugs market is segmented into Germany, France, Italy, Spain, U.K., Russia, Netherlands, Switzerland, Poland, and Rest of Europe. The research report states that Germany held a significant share in the market in 2015, closely followed by France. The regions will dominate over the forecast period due to the rising prevalence of neurological disorders and improving the awareness about the diseases due to support groups and government initiatives. Furthermore, the rising pool of geriatrics in Germany will also boost the uptake of neurological disorders drugs in the coming few years.
Presently, Germany, the U.K., France, Switzerland, Italy, and Spain are the leading countries in Europe in the neurological disorder drugs market. The study indicates that Switzerland will offer several growth opportunities to the overall market as awareness about these life-altering diseases grows.
The leading players operating in the Europe neurological disorders market are Merck & Co., Boehringer Ingelheim GmbH, Bayer AG, Astra Zeneca, F-Hoffmann-La Roche Ltd., Teva Pharmaceutical Industries Ltd., Novartis AG, and GlaxoSmithKline plc. Among these, Merck & Co., GlaxoSmithKline plc and Novartis AG. The research report states that the market is consolidated due to the presence of several small players in who hold significant share in the market. Most of these companies are focusing on improving their pipelines and expanding their geographical outreach to retain their dominance.
Europe Neurological Disorder Drugs Market: Overview
This report on the neurological disorder drugs market studies the current as well as future prospects of the market in Europe. Health concern related to life threatening diseases are the major concerns in the developed and developing countries of Europe.
This research report provides a detailed analysis of the neurological disorder drugs market and helps understand the various driving factors for the growth of the market. The market overview section analyzes market dynamics and trends such as drivers, restraints and opportunities that influence the current nature and future status of the market. Market dynamics factors such as market attractiveness analysis have also been explained in order to deliver a thorough analysis of the overall competitive scenario of the Europe neurological disorder drugs market.
Europe Neurological Disorder Drugs Market: Segmentation
The neurological disorder drugs market has been segmented by disorder, by drug class, by distribution channel and by countries. The disorder segment has been sub-segmented into Epilepsy, Parkinson’s disease, Alzheimer’s disease, Multiple Sclerosis, Cerebrovascular disease and others. The drug class has been segmented into Anticholinergic, Antiepileptic, Antipsychotic, Analgesics, Hypnotic & Sedative, Antihypertensive, Anticoagulants and others. The distribution channel segment has been sub-segments into retail pharmacy, hospital pharmacy and eCommerce.
Europe Neurological Disorder Drugs Market: Scope
The executive summary provides detailed insights about the report and the market in general. This elaborate executive summary provides a glimpse into the present scenario of the Europe neurological disorder drugs market, which includes a market snapshot that provides overall information of various segments and sub-segments. The executive summary also provides overall information and data analysis of the Europe neurological disorder drugs market with respect to market segments based on disorder, drug class, distribution channel as well as geographic regions.
The market for neurological disorder drugs has been extensively analyzed based on their usefulness, effectiveness, sales revenue and geographic presence. The market size and forecast in terms of US$ Mn for each disorder, drug class, distribution channel as well as geographic regions has been provided for the period from 2016 to 2024. This report on the neurological disorder drugs market also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2016 to 2024, considering 2015 as the base year.
Europe Neurological Disorder Drugs Market: Regional Outlook
Geographically, the neurological disorder drugs market has been segmented into 10 major regions: Germany, France, Italy, Spain, U.K., Russia, Switzerland, Netherlands, Poland and Rest of Europe. The market size and forecast for each of these regions have been provided for the period from 2016 to 2024, along with CAGR (%) for the forecast period from 2016 to 2024. The research study also incorporates the competitive scenario in these regions.
Key Players Mentioned in this Report are:
A list of recommendations has been provided for new entrants as well as existing players to help establish a strong presence in the market and increase market share. The report also profiles major players in the neurological disorder drugs market based on various attributes such as company overview, financial overview, business strategies, product portfolio and recent developments. Major players profiled in this report include Merck & Co., Boehringer Ingelheim GmbH, Bayer AG, Astra Zeneca, F-Hoffmann-La Roche Ltd., Teva Pharmaceutical Industries Ltd., Novartis AG, and GlaxoSmithKline plc.
The Europe Neurological Disorder Drugs market is segmented as follows:
- Europe Neurological Disorder Drugs Market Revenue, by Disorder
- Alzheimer’s disease
- Parkinson’s disease
- Multiple Sclerosis
- Cerebrovascular disease
- Europe Neurological Disorder Drugs Market Revenue, by Drug Class
- Hypnotic & Sedative
- Europe Neurological Disorder Drugs Market Revenue, by Distribution Channel
- Retail Pharmacy
- Hospital Pharmacy
- Europe Neurological Disorder Drugs Market Revenue, by Geography
- Rest of Europe