Global Parkinson’s Disease Drug Market Size, Share & Forecast To 2019-2025


Posted July 2, 2020 by rishabh3210

Global Parkinson’s Disease Drug Market Size, Share & Forecast To 2019-2025Global Parkinson’s Disease Drug Market Size, Share & Forecast To 2019-2025

 
The global Parkinson’s disease drug market is anticipated to grow at a CAGR of over 6% during the forecast period. There's no specific cure available for Parkinson's disease till now. However, various treatments,supportive therapies, such as physiotherapy, surgery, and drugs are available currently. This expected to support the growth of Parkinson’s disease drug market. Moreover, the additional drugs that provide some relief from the symptoms of Parkinson’s disease to maintain the patient’s quality of life will also drive the Parkinson’s disease drug industry.

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Moreover, various research is also going on to find the exact cure for Parkinson’s disease which will significantly drive the Parkinson’s disease drug market. For instance, carbidopa-levodopa is the most effective drug used in Parkinson’s disease for the treatment of symptoms of Parkinson’s. However, as the disease progresses, the drugs starting to wear off in between doses.The symptoms of Parkinson’s disease come back or even cause excessive involuntary movements and the condition becomes more challenging to treat. This presents a major setback for the Parkinson’s disease drug market.

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To minimize the side effects of carbidopa-levodopa, the drug dosage is either adjust or use advanced therapies such as a combination of medications, or in some cases,deep brain stimulation is used. This expected to keep up Parkinson’s disease drug industry.However, all patients didn’t agree on deep brain stimulation or brain surgery. Therefore, UCMA has a device called Duopa pump that delivers medicine consistently throughout the day.

The duopa pump was FDA approved in 2015 and it is recently getting popular foruse. Duopa is carbidopa-levodopa in a gel form. Itis constantly administered to the patient using a small infusion pump that delivers the medication slowly all day long. The use of such devices prevents the body from receiving large doses of drugs at once, as it would if it were taken by mouth. Hence, the use of devices such as dopa pump is anticipated to drive the Parkinson’s disease drug market during the forecast period.

Parkinson’s disease is an incurable disorder that has proved various challenges in the process to manage and treat with the available drugs. Hence, disease symptom modification is the ultimate goal for the drug development of Parkinson's which is driving the market growth.

Global Parkinson’s Disease Drug Market- Segmentation

By Drug Class

Dopamine Receptor Agonists
MAO-Inhibitors
Carbidopa-Levodopa
Catechol O-methyltransferase (COMT) Inhibitors
Anticholinergics
Others

Global Parkinson’s Disease Drug Market-Segment by Region

North America

US
Canada

Europe

Germany
UK
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Latin America
Middle East Africa

Company Profiles

AbbVie Inc.
ACADIA Pharmaceuticals Inc.
Apotex Inc.
Axovant Gene Therapies Ltd.
Boehringer Ingelheim GmbH
Bausch Health Companies Inc.
Boston Scientific Corp.
Cipla Inc.
Daiichi Sankyo Espha Co., Ltd.
Eli Lilly & Co.
Eisai Co., Ltd.
F. Hoffmann-La Roche AG
GlaxoSmithKline Plc
Impax Laboratories, Inc.
Merck & Co. Inc.
Mylan NV
Novartis International AG
Orion Corp.

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Tags global parkinsons disease drug market size , share forecast to 20192025
Last Updated July 2, 2020