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The neurodegenerative disorder therapeutics market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8 %, as per The Business Research Company’s market report!

Read More On The Neurodegenerative Disorder Therapeutics Market Report 2022 – https://www.thebusinessresearchcompany.com/report/neurodegenerative-disorder-therapeutic-global-market-report

The Neurodegenerative Disorder Therapeutics Market Size In 2022 And Forecast

The global neurodegenerative disorder therapeutics market is expected to grow from $14.66 billion in 2021 to $15.86 billion in 2022 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The neurodegenerative disorder therapeutics market is expected to reach $21.66 billion in 2026 at a CAGR of 8.1%.

The neurodegenerative disorder therapeutics market consists of sales of neurodegenerative disorder therapeutics products and related services for neurodegenerative disorders.

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Increased Prevalence Of Neurodegenerative Among The Global Population Is Driving The Growth Of The Neurodegenerative Disorder Therapeutics Market

According to World Population Prospects, the number of people above 60 years of age will increase to 2.1 billion in 2050 and it is expected that people aged over 80 years will triple to 425 million in 2050. According to the Alzheimer’s Association, around 5.8 million Americans are suffering with Alzheimer disease and this number is projected to rise to around 14 million by 2050. The increased prevalence of neurodegenerative diseases among the ageing population increases the demand for neurodegenerative disorder therapeutics, thereby driving the market.

Competitive Landscape And The Regional Analysis Of The Neurodegenerative Disorder Therapeutics Market

Major players in the neurodegenerative disorder therapeutics market are Biogen, Pfizer, Novartis, Sanofi, Teva Pharmaceutical, UCB, Hoffmann- La Roche Ltd, ACADIA Pharmaceuticals Inc., Lundeck A/S, Boehringer Ingeiheim International GmbH, Merck Serono, Orion Pharma Ltd, Mitsubishi Tanabe Pharma America, Allergan, GlaxoSmith Kline PLC, AbbVie, Eli Lilly, Celgene, Neuro-Hitech Inc., Bayer Schering Pharma AG, Amarin Corporation, AstraZeneca, Alector, Yumanity Therapeutics, Yangtze River Pharmaceutical Group, Chongqing Zein Pharmaceutical and Eisai.

Additionally, as per TBRC’s research – North America was the largest region in the neurodegenerative disorder therapeutics market in 2021 holding the largest market share and Middle East is expected to be the fastest-growing region in the forecast period.

The Neurodegenerative Disorder Therapeutics Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the neurodegenerative disorder therapeutics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the neurodegenerative disorder therapeutics market.

Strategic Partnerships – A Key Trend In The Neurodegenerative Disorder Therapeutics Market

Manufacturers of neurodegenerative disorder therapeutics are undergoing various strategic partnerships with government and non-government organizations to discover and develop therapeutics for a range of neurodegenerative diseases. The companies in the neurodegenerative disorder therapeutics market are also increasing their collaboration with other players in the market to increase their capabilities for research and development activities to develop new and more effective therapeutic solutions to treat neurodegenerative disorders.

Neurodegenerative Disorder Therapeutics Market Segmentation By The Business Research Company

1) By Indication Type: Parkinson’s Disease, Alzheimer’s Disease, Multiple Sclerosis, Huntington Disease, Other Indication Types

2) By Drug Type: N- methyl- D- aspartate Receptor, Selective Serotonin Reuptake Inhibitor, Dopamine Inhibitors, Other Drug Types

3) By Distribution: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy

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