The global Parkinson’s Disease market is anticipated to be worth USD 3.7 billion. It is projected that the worldwide market would grow at a steady 5.1% CAGR from 2023 to 2033, with a final worth of US$ 6.1 billion by the end of that year.
The Parkinson’s Foundation states that men are more likely than women to get Parkinson’s disease. Research indicated that males were more likely than females to have it, with their risk being about 1.5 times higher. It usually affects those over 60. In addition to medicine, exercise and other forms of therapy can help lessen many of the symptoms related to Parkinson’s disease. Benztropine, pramipexole, levodopa, selegiline, and safinamide are a few of the drugs that are essential therapy
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Over the projected time frame, growing pharmaceutical approvals for the treatment of Parkinson’s disease are expected to drive market expansion. For example, in August 2019, Kyowa Kirin Co., Ltd., a Japanese pharmaceutical and biotechnology company, announced that the NOURIANZ drug (istradefylline) has been approved by the FDA for use in the United States. It’s given to adult Parkinson’s disease patients who are experiencing “OFF” episodes in addition to levodopa and carbamazopa (PD).
When a patient’s medications are not functioning effectively, it can lead to an increase in Parkinson’s disease (PD) symptoms including tremor and walking problems, which is known as an “off episode.” In the US, NOURIANZ (istradefylline), an antagonist of the adenosine A2A receptor, is used for Parkinson’s disease. The medication offers patients with Parkinson’s disease a brand-new non-dopaminergic once-daily oral treatment alternative. Such developments are expected to spur the global growth in the Parkinson’s disease market from 2023-2033.
Key Takeaways from the Market Study
- The global Parkinson’s disease market is currently worth more than US$ 4.82 Billion.
- In 2023, the Carbidopa-levodopa segment by drug class type is expected to take the dominant market share of 32%.
- In 2023, considering the age type, the adult segment is predicted to gain a 21% market share.
- The North American market for Parkinson’s disease is predicted to grow with a steady CAGR of 12.5% from 2023-2033.
- The APAC for Parkinson’s disease is expected to grow with a steady CAGR of 12% during 2023-2033.
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Competitive Landscape
Some of the top players in the global Parkison’s disease market are:
- Sunovion Pharmaceuticals
- Adamas Pharmaceuticals
- Neurocrine Biosciences
- Supernus Pharmaceuticals
- Alectos Therapeutics
- Kyowa Kirin
- AbbVie
- Integrative Research Laboratories AB
- Annovis Bio Inc.
- Cerevel Therapeutics
- Biogen Inc.
- Amneal Pharmaceuticals
Some of the recent developments in this domain are:
- Biogen Inc. and Alectos Therapeutics signed an agreement in June 2022 to develop and market GBA2 inhibitors (AL01811), a possible therapy for Parkinson’s disease patients. This agreement grants Biogen worldwide rights to research, manufacture, and commercialize AL01811. They think they will be well-suited to assist bring AL01811 to patients who need it by combining Alectos’ experience in small-molecule therapies with Biogen’s worldwide development expertise in Parkinson’s disease. They are indeed energized by the prospect of using Biogen’s commercial skills to raise the standard of treatment in Parkinson’s disease as well as movement disorders in general.
More Valuable Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Parkinson’s disease market, presenting historical demand data (2018-2022) and forecast statistics from 2023 to 2033.
The study divulges essential insights on the market based on the parkinson’s disease market by type (juvenile parkinson disease, young-onset parkinson’s disease, idiopathic parkinson disease), by age (adult and pediatric), by diagnosis (CT Scan, MRI Scan, DaTSCAN-SPECT scan, PET Scan), by drug class (carbidopa-levodopa, carbidopa-levodopa infusion, dopamine agonists, monoamine oxidase b inhibitors, catechol o-methyltransferase inhibitors, anticholinergics, amantadine) and regions.
Key Segments Profiled in the Amyotrophic Lateral Sclerosis Industry Survey
Treatment:
- Medication
- Stem Cell Therapy
- Others
Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Others
Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
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