Parkinson's Disease Market is expected to reach a valuation of US$ 17.12 Billion by 2033 | FMI Study

 In fiscal year 2023, the global Parkinson's Disease Market is expected to be worth US$ 5.41 billion, up from US$ 4.82 billion in fiscal year 2022. The global market is expected to grow at a 12.2% CAGR between 2023 and 2033, reaching a value of US$ 17.12 billion by the end of 2033.



For more information: https://www.futuremarketinsights.com/reports/parkinsons-disease-market

According to the Parkinson's Foundation, males are more likely than women to have Parkinson's disease. Men were discovered to have a higher occurrence, and their risk was shown to be around 1.5 times higher than that of women. Most often, those over 60 are affected by it. A number of the symptoms of Parkinson's disease can be alleviated with medication and other therapy methods including exercise. Drugs including safinamide, levodopa, benztropine, pramipexole, and selegiline are important therapy options for Parkinson's disease patients.

Increasing pharmacological approvals for Parkinson's disease treatment are anticipated to stimulate market expansion throughout the anticipated time frame. For instance, the Japanese pharmaceutical and biotechnology company Kyowa Kirin Co., Ltd. reported in August 2019 that the NOURIANZ medication has received FDA clearance in the United States (istradefylline). It is used as an additional therapy to levodopa/carbidopa in adult patients with Parkinson's disease who are having 'OFF' episodes (PD).

When a patient's medications are not working properly, it can cause an increase in Parkinson's disease (PD) symptoms such as tremor and walking difficulties, which is known as a "off episode." NOURIANZ (istradefylline), an adenosine A2A receptor antagonist, is used to treat Parkinson's disease in the United States. The medication provides Parkinson's disease patients with a new non-dopaminergic once-daily oral treatment option. Such advancements are expected to drive global growth in the Parkinson's disease market between 2023 and 2033.

Key Takeaways from the Market Study

  • The global Parkinson's disease market is currently worth more than US$ 4.82 Billion.
  • In 2023, the Carbidopa-levodopa segment by drug class type is expected to take the dominant market share of 32%.
  • In 2023, considering the age type, the adult segment is predicted to gain a 21% market share.
  • The North American market for Parkinson's disease is predicted to grow with a steady CAGR of 12.5% from 2023-2033.
  • The APAC for Parkinson's disease is expected to grow with a steady CAGR of 12% during 2023-2033.

“The market is anticipated to expand as more drugs are approved for the treatment of Parkinson's disease and as there is a robust pipeline of novel medications being developed for the condition.” comments a Future Market Insights analyst.

Competitive Landscape

Some of the top players in the global Parkison’s disease market are:

  • Sunovion Pharmaceuticals
  • Adamas Pharmaceuticals
  • Neurocrine Biosciences
  • Supernus Pharmaceuticals
  • Alectos Therapeutics
  • Kyowa Kirin
  • AbbVie
  • Integrative Research Laboratories AB
  • Annovis Bio Inc.
  • Cerevel Therapeutics
  • Biogen Inc.
  • Amneal Pharmaceuticals

Some of the recent developments in this domain are:

  • Biogen Inc. and Alectos Therapeutics signed an agreement in June 2022 to develop and market GBA2 inhibitors (AL01811), a possible therapy for Parkinson's disease patients. This agreement grants Biogen worldwide rights to research, manufacture, and commercialize AL01811. They think they will be well-suited to assist bring AL01811 to patients who need it by combining Alectos' experience in small-molecule therapies with Biogen's worldwide development expertise in Parkinson's disease. They are indeed energized by the prospect of using Biogen's commercial skills to raise the standard of treatment in Parkinson's disease as well as movement disorders in general.

Key Segments Covered In The Parkinson's Disease Market Report

Parkinson's Disease Market By Type:

  • Juvenile Parkinson Disease
  • Young-Onset Parkinson’s Disease
  • Idiopathic Parkinson Disease

Parkinson's Disease Market By Age:

  • Adult
  • Pediatric

Parkinson's Disease Market By Diagnosis:

  • CT Scan
  • MRI Scan
  • DaTSCAN-SPECT scan
  • PET Scan

Parkinson's Disease Market By Drug Class:

  • Carbidopa-Levodopa
  • Carbidopa-Levodopa Infusion
  • Dopamine Agonists
  • Monoamine Oxidase B Inhibitors
  • Catechol O-Methyltransferase Inhibitors
  • Anticholinergics
  • Amantadine

Comments

Post a Comment

Popular posts from this blog

Orthopedic Trauma Devices Market is projected to reach a valuation of US$ 21.2 Bn by 2033 | FMI

Image
  The net worth of the Orthopaedic Trauma Devices Market is expected to increase from US$ 10.7 billion in 2023 to more than US$ 21.2 billion by 2033. From 2023 to 2033, the orthopaedic trauma device market is expected to grow at a 7.1% CAGR . To learn more about this report @ https://www.futuremarketinsights.com/reports/orthopedic-trauma-devices-market With the latest insights and statistics from the biggest pharmaceutical and healthcare device manufacturers across the globe, FMI presents an extensive analysis on Orthopedic Trauma Devices market. FMI offers insights into the market data on over 5000+ drugs for more than 100 countries, which further aids the research on current and upcoming market scenario for the Orthopedic Trauma Devices market. Our expert researchers and analysts for healthcare tracks the data of established players as well as new entrants in medical industry to provide an unbiased analysis for a sound and financial decision. Over the past decade, healthcar
Read more

Insulin Pen Market is forecasted to surpass US$ 46.9 Bn by 2031

Image
Diabetes is becoming more common as poor lifestyle choices continue to be prominent around the world. Insulin pens are a widely used method of treating diabetic individuals. Given this, Future Market Insights predicts that insulin pen sales will reach US$ 30,407 million in 2021. Insulin pens are used by diabetes patients to avoid problems including cardiovascular diseases that may arise from this lifestyle-based ailment. To overcome problems related to conventional methods of insulin administration, insulin pens make the process easier and faster. Get More Information on this Report @ https://www.futuremarketinsights.com/reports/insulin-pens-market According to the WHO, approximately 1.2 million deaths were caused due to diabetes in 2019 globally. To reduce the number of deaths or sufferings due to diabetes, the development of innovative techniques and products for the treatment and maintenance of diabetes is essential. Type 2 diabetes cases are common, but it can be prevented or de
Read more

Molecular Biology Enzymes, Kits & Reagents Market Size, Share, Growth, Forecast through 2032

Image
  According to a recent Future Market Insights report, the global Molecular Biology Enzymes, Kits & Reagents Market will grow dramatically between 2022 and 2032. By 2032, global sales of molecular biology enzymes, kits, and reagents are expected to total approximately US$ 48,476.41 million. Technological Advancements Leading to Enhanced Efficiency & Greater Precision of Molecular Biology Enzymes, Kits & Reagents The manufacturers of molecular biology enzymes, kits, and reagents have contributed significantly to technical breakthroughs by focusing on creating cutting-edge goods in an effort to diversify their product offerings. The cutting-edge items support the study procedures by providing features like increased precision and efficiency. One of the best instances of this is Thermo Fisher Scientific, Inc.’s SMART Digest Kit, which was created specifically for biopharmaceutical and proteomic applications. This kit reduces the time required for sample preparation while
Read more