Global Parkinson’s Disease Drugs Market is projected to be worth USD 10.93 billion by 2032.
Parkinson's Disease, also known as idiopathic Parkinsonism, is a neurodegenerative disease. It is a progressive disease that affects both the neurological system and the bodily components controlled by the nervous system. Dopamine is produced in the substantia nigra region of the brain. Dopamine levels decrease in Parkinson's disease as substantia cells in the brain begin to die. Tremors, slowed movement, rigid muscles, impaired posture and balance, speech changes, and other symptoms are common. Non-motor symptoms usually appear gradually, and as the disease progresses, they become more common.
Demand for Parkinson's Disease drugs is expected to rise globally during the forecast period, owing to an increase in the geriatric population, which drives the market growth. Furthermore, increases in R&D investments by key players in Parkinson’s Disease drugs, as well as an increase in the geriatric population, are some factors driving the growth of the Parkinson's Disease drugs industry. During the forecast period, North America is expected to dominate the Parkinson's disease drugs market, accounting for the largest share. This is due to factors such as the presence of key players in the region and the availability of diagnostic laboratories. Furthermore, high-quality healthcare in the United States is expected to drive the growth of the North American market. As a result of the global economic recession caused by COVID-19, the global Parkinson's Disease drugs market fell in 2020. The market will, however, recover during the forecast period due to increased Parkinson's disease drug adoption and an increase in Parkinson's Disease drug R&D pipeline products.
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The Global Parkinson’s Disease Drugs Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AbbVie Inc., Amneal Pharmaceuticals, Inc., Biogen Inc., C.H., Boehringer Sohn Ko. KG, Eli Lilly and Company, F.Hoffmann-La Roche Ltd., Gentech Healthcare, GlaxoSmithKline Plc, Intas Pharmaceuticals Limited, Merck & Co., Inc., Novartis AG, Orion Corporation, Pfizer Inc., Square group, Sun Pharmaceutical Industries, Teva Pharmaceuticals, Torrent Group, UCB, Viatris Inc.
SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2032. This report provides data for growth estimates and forecasts for product type segment – By Age Group {50 or below 50 (Key market trends, growth factors and opportunities, Market size and forecast, Market analysis by Region), Above 50 years (Key market trends, growth factors and opportunities, Market size and forecast, Market analysis by Region)}, By Drug Class {Decarboxylase Inhibitors {Key market trends, growth factors and opportunities, Market size and forecast, Market analysis by Region, Decarboxylase Inhibitors Parkinson's Disease Drugs Market by Distribution Channel (Hospital Pharmacies Market size and forecast, by region, Drug stores and Retail Pharmacies Market size and forecast, by region, Online Providers Market size and forecast, by region), Dopamine Agonists (Key market trends, growth factors and opportunities, Market size and forecast, Market analysis by Region), COMT Inhibitors (Key market trends, growth factors and opportunities, Market size and forecast, Market analysis by Region), MAO-B Inhibitors (Key market trends, growth factors and opportunities, Market size and forecast, Market analysis by Region), Others}, By Route Of Administration {Injectable (Key market trends, growth factors and opportunities, Market size and forecast, Market analysis by Region), Oral (Key market trends, growth factors and opportunities, Market size and forecast, Market analysis by Region), Transdermal (Key market trends, growth factors and opportunities, Market size and forecast, Market analysis by Region)}.
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This report also provides the data for key regional segments of North America, Europe, Asia-Pacific and Rest of the World.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.