Sales of Rare Neurodegenerative Disease Treatment Market to Reach US$ 116 Bn by 2030
The market report envelopes an all-in information of the global Rare Neurodegenerative Disease Treatment market and the nature of the market growth over the foreseeable period. The report provides a comprehensive elaboration of the positives and negatives of the global Rare Neurodegenerative Disease Treatment market with DROT and Porter’s Five Forces analysis. With SWOT analysis, the report offers detailed insights about different players operating within the Rare Neurodegenerative Disease Treatment market. In addition, the analysts of the report have served the qualitative and quantitative scrutinizing of different micro- and macro-economic factors influencing the global Rare Neurodegenerative Disease Treatment market.
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The global rare neurodegenerative disease treatment market is projected to witness steady growth at a CAGR of 5%, reaching a valuation of over US$ 116 billion by 2030. However, the coronavirus outbreak is expected to have a marginally negative impact on the industry in the short term. Supply chain issues and dedication of healthcare facilities towards handling the unprecedented challenges of the pandemic are hindering market growth at present.
Key Trends of Rare Neurodegenerative Disease Treatment Market
- North America is a prominent regional market, accounting for a major market share on the back of high healthcare expenditure and the presence of top pharmaceutical manufacturers in the region.
- Hospital pharmacies are the leading channel of distribution for drugs associated with neurodegenerative diseases, driven by larger inventories.
- Multiple sclerosis is the leading indication in the rare neurodegenerative disease treatment market, supported by growing awareness about the disease and rise in cases in recent years.
- Sales of neuroprotective agents are essential for market revenue, with popularity supported by reduced side effects.
- The COVID-19 pandemic is expected to have a moderate adverse impact on the global rare neurodegenerative disease treatment market in the short term.
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Key Segments of Rare Neurodegenerative Disease Treatment Market
Fact.MR’s study on the rare neurodegenerative disease treatment market offers information divided into four important segments – indication, drug class, distribution channel, and region.
This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
- Multiple Sclerosis
- Alzheimer’s Disease
- Parkinson’s Disease
- Acute Migraine
- Amyotrophic Lateral Sclerosis (ALS)
- Attention Deficit Hyperactivity Disorder (ADHD)
- Spinal Muscular Atrophy
- Tourette Syndrome
- Huntington’s Disease
- Neurotransmitter Agents
- Neuroprotective Agents
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- Hospital Pharmacies
- Online Pharmacies
- Retail Pharmacies
Research on Product Development – Key to Market Growth
Leading players in the global rare neurodegenerative disease treatment market, such as Allergan plc, Bayer AG, GlaxoSmithKline, Johnson & Jonson, Merck KGaA, Novartis AG, Pfizer Inc., Sanofi, and Teva Pharmaceutical Industries Ltd. are increasingly investing in capacity and geographical expansion and research into product development pertaining to neurodegenerative ailments. These are key factors that are likely to contribute to the growth of revenue and bolster product improvement in the competitive rare neurodegenerative disease treatment market landscape in the long term.
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