The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Generic Central Nervous System Drugs Global Market Report 2024, the generic central nervous system drugs market is expected to show significant growth in the forecast period.

Market Overview
The generic central nervous system (CNS) drugs market has been expanding robustly. It is expected to grow from $83.71 billion in 2023 to $89.47 billion in 2024, at a compound annual growth rate (CAGR) of 6.9%. This growth has been driven by several factors:

• Increasing number of surgeries
• Strong growth in emerging markets
• Increased pharmaceutical R&D
• Aging population
• Rising healthcare expenditure

Future Market Projections
Looking ahead, the CNS drugs market is poised for continued strong growth, projected to reach $117.21 billion by 2028 at a CAGR of 7.0%. The key drivers for this growth include:

• Growing government initiatives for mental health awareness
• Rise in healthcare expenditure
• Increasing geriatric population
• Strong pipeline of drugs

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Emerging Trends
Several major trends are expected to shape the CNS drugs market in the coming years:

• Investment in wearable technology
• Use of biomarkers in CNS drug development
• Modifying existing drugs for improved efficacy
• Investment in drug pipeline
• 3D printing for drug manufacturing
• Collaborations with research institutions and established companies

Rising Incidence of Mental Health Disorders
The increasing incidence of mental health disorders is a significant driver for the growth of the generic CNS drugs market. Mental health disorders, which impair cognition, emotional regulation, or conduct, require effective management. Generic CNS drugs offer affordable and accessible treatment options. For instance, in November 2022, the Health and Social Care Information Centre reported that the proportion of 17- to 19-year-olds in the UK with a suspected mental disorder grew from 17.4% in 2021 to 25.7% in 2022.

Key Companies in the Market
Several major companies are leading the way in the generic CNS drugs market:

• Biogen Inc.
• Johnson & Johnson
• Hoffmann-La Roche Ltd.
• Novartis AG
• UCB
• Sanofi
• Pfizer Inc.
• Merck KGaA
• Sumitomo Dainippon Pharma
• Amgen
• Abbott Laboratories
• Janssen Pharmaceutica
• Teva Canada
• Accord Healthcare Inc.

Innovative Solutions in the CNS Market
Product innovations are a key trend in the CNS market. Companies are focusing on developing innovative products to strengthen their market positions. For example, in December 2021, Intra-Cellular Therapies Inc. launched CAPLYTA, a treatment for depressive episodes associated with bipolar I or II disorder in adults. CAPLYTA is the only medication approved by the FDA for treating depressive disorders associated with both bipolar I and bipolar II, showing a positive profile in terms of weight, cardiometabolic parameters, and extrapyramidal symptoms.

Strategic Acquisitions
Strategic acquisitions are also driving growth in the CNS market. In November 2022, Avenue Therapeutics acquired Baergic Bio, enhancing Avenue’s capability to create medications addressing unmet medical needs in the CNS field.

Market Segmentation
The CNS drugs market is segmented into various categories:

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/Inhalation, Other Routes of Administration
5. By Mode of Purchase: Over-the-counter Drugs, Prescription-Based Drugs
6. By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Other Distribution Channels

Regional Insights
North America was the largest region in the generic CNS drugs market in 2023. The region’s robust healthcare infrastructure and high healthcare expenditure contribute to its market dominance.

Conclusion
The generic CNS drugs market is set for significant growth, driven by rising healthcare needs, technological advancements, and strategic industry moves. With continued innovation and increasing mental health awareness, the market is well-positioned to address the growing demand for effective CNS treatments.

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