The global Parkinsons disease therapeutics market is estimated to be valued at US$ 5.11 Billion in 2023 and is expected to exhibit a CAGR of 7.0% during the forecast period (2023-2030).
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 5.11 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
7.00% |
2030 Value Projection: |
US$ 8.2 Bn |
Figure 1. Global Parkinsons Disease Therapeutics Market Share (%), By Drug Class, 2023
Parkinsons disease is a movement disorder caused by a neurological condition. Tremor, slowness of movement, tight muscles, an unsteady walk, balance, and coordination issues are all common symptoms of Parkinson disease. Levodopa, dopamine agonists, MAO-B inhibitors, and anticholinergics are some of the medications used for the treatment of Parkinson's disease. Levodopa (also called L-dopa) is the most commonly prescribed drug for Parkinson's disease. It is useful in controlling symptoms such as slow movements and stiff and rigid body parts. Medication allows the majority of patients to retain a high quality of life, and surgery can help some people improve their symptoms. Parkinson's disease patients also observe a decrease in another neurotransmitter known as norepinephrine. This molecule is required for the sympathetic nervous system to operate properly. Some of the body's autonomic activities are controlled by this system, including digestion, heart rate, blood pressure, and breathing. Some of the non-movement-related symptoms of Parkinson's disease are caused by a lack of norepinephrine. Exercise can considerably improve Parkinson's symptoms. Physical therapy, occupational therapy, and speech-language therapy can also assist with walking and balance issues, eating and swallowing difficulties, and speech disorders.
Market Dynamics
Market players are focusing on new product launches, which is expected to propel the Parkinsons disease therapeutic market growth during the forecast period. For instance, in May 2020, Sunovion Pharmaceuticals Inc., a pharmaceutical company, announced that it received U.S. Food and Drug Administration (FDA) approval for KYNMOBI (apomorphine hydrochloride) sublingual film for the acute, intermittent treatment for OFF episodes (i.e., re-emergence or worsening of PD symptoms) in patients with Parkinson's disease. KYNMOBI is available in different strengths, such as 10mg, 15mg, 20mg, and 25mg.
Key features of the study:
- This report provides an in-depth analysis of the global Parkinsons disease therapeutic market and provides market size (US$ Billion) and compound annual growth rate (CAGR) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global Parkinsons disease therapeutic market based on the following parameters- company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Teva Pharmaceutical Industries Ltd., Novartis AG, GlaxoSmithKline Plc., AbbVie Inc., Merck & Co., Inc., Zydus Cadila, Dr. Reddy's Laboratories, Sun Pharmaceutical Industries Ltd., Cipla Inc., Boehringer Ingelheim International GmbH, Denali Therapeutics Inc., Biogen Inc., Prevail Therapeutics, Eli Lilly and Company and Voyager Therapeutics
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global Parkinsons disease therapeutic market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Parkinsons disease therapeutic market.
Detailed Segmentation:
- By Drug Class:
- Levodopa
- Dopamine agonists
- MAO-B inhibitors
- Anticholinergics
- Others (Catechol-O-methyl transferase [COMT] inhibitors and amantadine, among Others)
- By Route of Admnistration:
- Oral
- Injectable
- Nasal
- Transdermal
- Others (Rectal, Sublingual, among Others)
- By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- Teva Pharmaceutical Industries Ltd.
- Novartis AG
- GlaxoSmithKline Plc.
- AbbVie Inc.
- Merck & Co., Inc.
- Zydus Cadila
- Dr. Reddy's Laboratories
- Sun Pharmaceutical Industries Ltd.
- Cipla Inc.
- Boehringer Ingelheim International GmbH
- Denali Therapeutics Inc.
- Biogen Inc.
- Prevail Therapeutics
- Eli Lilly and Company
- Voyager Therapeutics.