The Future of theGeneral Lighting Market: Growth Trends, Market Size, and Opportunities to Watch
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theGeneric Central Nervous System Drugs Market?
The generic central nervous system (CNS) drug market is expected to be propelled by the rising prevalence of mental health disorders. These disorders are clinically significant impairments in an individual’s cognitive abilities, emotional control, or behaviour, often associated with distress and dysfunction in key life areas. Generic CNS drugs are key in managing mental health disorders, offering cost-effective and easily accessible treatment options. For instance, the Health and Social Care Information Centre, a UK-based government entity that provides content, data, and IT systems for professionals, doctors, and regulators in the social and healthcare sectors, reported in November 2022 that the percentage of 17- to 19-year-olds with a potential mental disorder had increased from 17.4% in 2021 to 25.7% in 2022. Consequently, the uptick in mental health disorders is fuelling the growth of the generic CNS drug market.
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How Has the Generic Central Nervous System Drugs Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
In recent times, the market size for generic central nervous system drugs has experienced substantial growth. It is projected to expand from $88.43 billion in 2024 to $94.38 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%. Factors contributing to this growth during the historic period include a rising number of surgeries, robust growth in emerging markets, growth in pharmaceutical research and development, an aging population, and heightened healthcare spending.
The market size of generic central nervous system drugs is anticipated to experience robust growth in the coming years, reaching $125.42 billion in 2029 with a compound annual growth rate (CAGR) of 7.4%. This expected growth during the forecast period is linked to factors such as increased government efforts towards mental health awareness, a spike in healthcare spending, a growing older population, and a strong line-up of drugs in development. Key trends anticipated during this period include investments in wearable technology, the use of biomarkers in CNS development, alterations to existing drugs, investments in the drug pipeline, employing 3D printing in drug production, and a focus on fostering partnerships with research institutions and established companies.
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Which Cutting-Edge Market Trends Are Expected to Drive theGeneric Central Nervous System Drugs Market’s Growth?
Key players in the generic central nervous system drugs industry are concentrating on the production of biosimilars for central nervous system (CNS) conditions. The creation and validation of biosimilars for some biologic drugs used in CNS disorders is becoming a prevalent trend, providing more financially viable alternatives to patented biologics. For example, in October 2023, Sandoz, a pharmaceutical firm based in Switzerland, unveiled natalizumab-sztn, the inaugural biosimilar for the treatment of recurring types of multiple sclerosis (MS). These types encompass clinically isolated syndrome, relapsing-remitting MS, and active secondary progressive MS. MS is a chronic, progressive autoimmune disease that affects the central nervous system. Most individuals suffering from the disease experience periods of remission and relapse, which adversely affect their quality of life. However, the treatment is not recommended for patients with progressive multifocal leukoencephalopathy (PML) or those who have previously had PML.
What Are the Leading Market Players Impacting theGeneric Central Nervous System Drugs Market’s Growth Trend?
Major companies operating in the generic central nervous system drugs market include Biogen Inc., Johnson & Johnson, Hoffmann-La Roche Ltd, Novartis AG, UCB, Sanofi, Pfizer Inc., Merck KGaA, Sumitomo Dainippon Pharma, AbbVie, Recipharm AB, Neuraxpharm, Sun Pharmaceutical limited, Ranbaxy Laboratories, Merz Pharma GmbH & Co. KGaAare, AstraZeneca, Apotex, Gilead Sciences, Bayer, GlaxoSmithKline, Amgen, Abbott Laboratories, Janssen Pharmaceutica, Teva Canada, Accord Healthcare Inc., Acerus Pharmaceuticals Corporation, Amgen, EMS Pharma, Hypermarcas, Eurofarma, Teuto Brasileiro, Biolab Farmaceutica, Cristalia, União Quimica, Boehringer Ingelheim, Eli Lilly and Company, Adcock Ingram
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How Are the Key Segments of the Generic Central Nervous System Drugs Market Driving Opportunities and Innovations?
The generic central nervous system drugs market covered in this report is segmented –
1) By Type: Multiple Sclerosis (MS), Anti-Psychotic, Analgesics, Anti-Parkinson Drugs, Anesthetics, Anti-Epileptics, Anti-Depressants, Other Types
2) By Drug Classification: Branded Drugs, Generic Drugs
3) By Disease: Neurovascular Diseases, CNS Trauma, Mental Health, Neurodegenerative Diseases, Infectious Diseases, CNS Cancer
4) By Route Of Administration: Oral, Intravenous, Intranasal Or Inhalation, Other Route Of Administrations
5) By Mode Of Purchase: Over-The-counter drugs, Prescription-Based Drugs
6) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Other Distribution Channels
Subsegments:
1) By Multiple Sclerosis (MS): Interferons, Glatiramer Acetate, Sphingosine-1 Phosphate Receptor Modulators, Monoclonal Antibodies
2) By Anti-Psychotic: Atypical Antipsychotics, Typical Antipsychotics
3) By Analgesics: Non-Opioid Analgesics, Opioid Analgesics, Combination Analgesics
4) By Anti-Parkinson Drugs: Dopamine Agonists, MAO-B Inhibitors, COMT Inhibitors, Anticholinergics
5) By Anesthetics: General Anesthetics, Local Anesthetics
6) By Anti-Epileptics: Sodium Channel Blockers, GABA Enhancers, Glutamate Modulators, Other Mechanisms
7) By Anti-Depressants: Selective Serotonin Reuptake Inhibitors (SSRIs), Serotonin-Norepinephrine Reuptake Inhibitors (SNRIs), Tricyclic Antidepressants (TCAs), Monoamine Oxidase Inhibitors (MAOIs), Atypical Antidepressants
8) By Other Types: Cognitive Enhancers, Anxiolytics, Sleep Aids
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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theGeneric Central Nervous System Drugs Market?# Market Expansion?
North America was the largest region in the generic central nervous system drugs market in 2024. The regions covered in the generic central nervous system drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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