Parkinson’s Treatment Market Outlook Up-to-date Key Trends 2022-28
The global parkinson’s treatment market size was valued at USD 4,482.4 million in 2021 and is poised to grow at a significant CAGR of 12.4% during the forecast period 2022-28. Parkinson’s disease like the combination or multiple therapies in order to prolong the actions of the continuous stimulation of dopaminergic drugs, neurostimulation devices approvals, neuroprotective therapies which slows the prognosis of Parkinson’s disease are anticipated to drive Parkinson’s disease treatment market globally. Factors such as loss of patent protection for some of the drugs, rise in competition from generic drugs of Parkinsonism, huge unmet needs in the market, delaying development and launch of new products in the market are the few restraints for the Parkinson’s disease treatment market growth.
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Rising prevalence of the disease and increasing demand for new drug therapies are the key drivers of the market. About 6.3 million people suffer from Parkinson’s disease according to the European Brain Council.
The global parkinson’s treatment market segmentation:
1) By Drug Class: Monoamine Oxidase Inhibitors (MAO), Dopamine Precursors, Catechol-o-methyltransferase Inhibitors (COMT), Peripheral Decarboxylase Inhibitors, Others
2) By Distribution Channel: Hospital Pharmacies, Online Pharmacies, Retail Pharmacies.
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Geographically, the global Parkinson’s Treatment Market is segmented into five regions namely, Latin America, North America, Asia-Pacific, Europe, and the Middle East and Africa. North America dominates the global market for Parkinson’s disease treatment owing to the good reimbursement policies and high prevalence of the disease.
The gynaecological devices market key players are Boston Scientific Corporation (U.S.), Olympus Corporation (Japan), Johnson and Johnson (U.S.), KARL STORZ GmbH & Co. KG (Germany), Braun Melsungen AG (Germany), Cooper Surgical Inc. (U.S.), Richard Wolf GmbH (Germany), Medtronic Inc. (Ireland), Bayer AG (Germany), CooSklar Surgical Instruments (U.S.)
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