The global rare neurodegenerative disease treatment market is expected to grow at a significant CAGR during the forecast period (2021-2027). Over the last few decades, healthcare researchers, scientists, and other healthcare professionals have collaborated to develop new cures and medications for a variety of rare neurodegenerative disorders. As research and development operations have been increased over last decade, the market is expected to increase steadily in the future years. Regulatory authorities and major research organisations in numerous countries have enabled a number of research initiatives to proceed forward, resulting in potential advances in the field of uncommon neurodegenerative disease treatment. For instance, The European Joint Programme on Rare Diseases (EJP RD), was created largely to increase overall efficiency and cooperation among diverse research institutes operating in tandem across the globe.
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The rise in the prevalence of rare neurodegenerative disease treatment, coupled with the desire for newer treatments to treat them, has resulted in increased R&D activities, as well as the launch of novel neurological disorder drugs. For instance, GlaxoSmithKline plc, Novartis AG, and Merck & Co. have extensive R&D programmes focused on the development of novel therapies for the treatment of neurodegenerative disease.
The global rare neurodegenerative disease treatment market is further driven by the rising demand for neurological disorder medications for the treatment of Alzheimer’s disease and Parkinson’s disease, as well as increased competition among leading companies. To meet client demand, leading players focus on R&D, with important technological breakthroughs in pharmaceuticals. Pfizer acquired Biogen, Inc. a clinical-stage asset, PF-05251749, along with the applications, for $75 million in January 2020. As PF-05251749 is a CNS-penetrant regulator with the potential to treat behavioural and neurological symptoms across a variety of psychiatric and neurological diseases, the acquisition will strengthen Biogen’s existing pipeline of potential disease-modifying therapies in Alzheimer’s and Parkinson’s diseases. Abbott Laboratories joined the BRAIN Initiative of the National Institutes of Health in May 2019 to investigate neuromodulation research. As a result, the market is bolstered by an increase in R&D initiatives as well as strategic decisions made by various players.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment covered-
· By Indication
· By Drug Class
· By Distribution Channel
• Regions covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape: GlaxoSmithKline plc, Novartis International AG, and Merck & Co.,
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Global Rare Neurodegenerative Disease Treatment Market Report by Segment
By Indication
· Multiple Sclerosis (MS)
· Alzheimer’s Disease
· Parkinson’s Disease
· Others
By Drug Class
· Neurotransmitter Agents
· Neuroprotective Agents
· Biologics
· Others
By Distribution Channel
· Online Pharmacy
· Hospital Pharmacy
· Retail Pharmacy
Global Rare Neurodegenerative Disease Treatment Market by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
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