The new report by Expert Market Research titled, ‘Global Parkinson’s Disease Drug Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global Parkinson’s disease drug market, assessing the market based on its segments like drug class, route of administration, distribution channel, end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2021-2026)
- Historical Market Size (2020): USD 5.32 Billion
- Forecast CAGR (2021-2026): 7.9%
- Forecast Market Size (2026): USD 8.4 Billion
The global Parkinson’s disease drug market is driven by the rising prevalence of neurodegenerative diseases in geriatric population. The growing geriatric population globally, has increased the incidences of Parkinson’s disease. Further, rising health awareness, lack of early diagnosis methods for Parkinson’s disease and investments in research and development in pharmaceutical sector are expected to push the growth in the forecast period. However, high cost of treatment may constrain the growth of the market in the forecast period.
Industry Definition and Major Segments
Parkinson’s disease is a neurogenerative disease which primarily affects geriatric population. It affects the motor capabilities, and the symptoms includes rigidity, bradykinesia, tremor, and postural instability. This disease is caused by the drop in dopamine levels due to damage of nerve cells in brain. This disease usually gets detected at a later stage due to inadequate resources for the diagnosis.
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The Parkinson’s disease drugs market can be segmented by drug class into:
- MAO-B Inhibitors
- COMT Inhibitors
- Dopamine Agonists
It may be differentiated by route of administration into:
It may be divided on the basis of distribution channels into:
- Hospital Pharmacies
- Retail Pharmacies
The market may be differentiated on the basis of end-use as:
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Regionally, Europe is leading the research and development for the drug development for Parkinson’s disease. North America is expected to have the largest share in global Parkinson’s disease market. This can be attributed to presence of advance medical and pharmaceutical sector. Additionally, presence of key players in the region is expected to aid the growth in the forecast period. Meanwhile, Asia Pacific is projected to see a rapid growth owing to its developing infrastructure and pharmaceutical sector in emerging economies such as China and India. Further, the demand by growing geriatric population in the region will push the growth in the region.
Key Market Players
The major players in the market are Pfizer Inc., Medtronic plc, GlaxoSmithKline plc., AbbVie Inc., Novartis AG and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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