The new report by Transparency Market Research discusses the factors influencing the growth of global neurotherapeutic drugs market as well as the ones restraining it. The neurotherapeutic drugs are aimed towards treating disorders or dysfunctions of the brain, nerves, and spinal cord due to the structural and biochemical changes. The rising pool of geriatrics is anticipated to be the primary cause for the flourishing global neurotherapeutic drugs market. The aged are more susceptible to brain disorders, which has made this population base the main growth driver for the market in recent years.
The global neurotherapeutic drugs market is segmented into the autonomous nervous system (ANS) disorder, peripheral nervous system disorders (PNS) disorder, and central nervous system (CNS) disorders. A majority of the disorders result in progressive deterioration of mental health and physical capabilities, which is life-altering. These changes can be a result of changing lifestyle, injury to the brain, congenital health issues, and genetic disorders. Patients eventually experience paralysis, muscle weakness, pain, and a poor living condition. The disorders can also progress to Parkinson’s, Alzheimer’s, Huntington’s disease, epilepsy, and neurological cancers amongst others. More often than not, a treatment is prescribed for anxiety management that comes with these disorders.
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Geographically, the global neurotherapeutic drugs market is segmented into North America, Western Europe, Latin America, Eastern Europe, the Middle East and Africa, and Asia Pacific. Of these, the North America neurotherapeutic drugs market is expected to progress remarkably due to the strong presence of market players. Furthermore, the higher acceptance for neurological disorders amongst the people in North America and rising number of government initiatives to educate people are collectively supporting the neurotherapeutic drugs market in the region. North America’s lion’s share in the global market is expected to be followed by Europe.
Analysts expect that Asia Pacific region will also be an emerging region in the global market as several developing countries in the region are expected increase their investments to upgrade their healthcare infrastructure. The rising disposable income, huge population base, and growing interest of players to invest in the region is expected to boost this regional market in the coming years.
Some of the leading players operating in the global neurotherapeutic drugs market are GlaxoSmithKline, Inc., Abbott Laboratories, Inc., Merck & Co, Becton, Dickinson and Company, Johnson & Johnson, Pfizer, Inc., Sanofi-Aventis, Biogen, Inc., Novartis AG, and AstraZeneca plc. The report contains an assessment of the business and marketing strategies that these players are likely to adopt in the near future to retain their leadership in the global market. Furthermore, the report also examines research and development activities of these players, a comprehensive list of their existing drugs and those in the pipeline, and their expansion plans for the near future.
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Last updated on: 04/10/2016
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