Dublin, Feb. 03, 2021 (GLOBE NEWSWIRE) -- The "Anti-Parkinson Drugs Global Market Report 2020-30: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
Anti-Parkinson Drugs Global Market Report 2020-30: COVID-19 Growth and Change provides the strategists, marketers and senior management with the critical information they need to assess the global anti-parkinson drugs market.
Major players in the anti-Parkinson drugs market are GlaxoSmithKline plc, Pfizer, Merck, Novartis, Roche, UCB S.A, Teva Pharmaceuticals, AbbVie Inc. and Mylan.
The global anti-Parkinson drugs market is expected to decline from $4.23 billion in 2019 to $4.12 billion in 2020 at a compound annual growth rate (CAGR) of -2.62%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $5.04 billion in 2023 at a CAGR of 7.01%.
The anti-Parkinson drugs market consists of sales of drugs used for treating Parkinson's disease (PD), generated by the establishments that manufacture these drugs. Parkinson's disease is a neurodegenerative disorder that affects predominately dopaminergic neurons in a specific area of the brain named substantia nigra and disturbs the movement of the body. People suffering from PD may experience tremor, bradykinesia, limb rigidity, gait, and balance problems.
North America was the largest region in the anti-Parkinson drugs market in 2019. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
In June 2019, AbbVie Inc., a global research-driven biopharmaceutical company, announced the acquisition of Allergan plc, a Dublin-based pharmaceutical company, for an amount of $63 billion. With Allergan's diversified product portfolio, AbbVie Inc.is expected to strengthen the company's position in international biopharmaceutical markets. AbbVie Inc. invested in neuroscience, multiple sclerosis, Alzheimer's disease, and investigating potential disease for Parkinson's disease. Allergan plc is a pharmaceutical company engaged in developing, manufacturing, and commercializing branded pharmaceutical, biologic, surgical, device, and regenerative medicine products for patients worldwide.
The anti-Parkinson drugs market covered in this report is segmented by drugs class into levodopa/carbidopa; dopamine receptor agonists; monoamine oxidase type b (MAO-b) inhibitors; catechol-o-methyltransferase (COMT)-inhibitors; anticholinergics; other drugs. It is also segmented by route of administration into oral; injection; transdermal and by distribution channel into hospital pharmacies; retailer pharmacies; online pharmacies.
Increasing investments by governments and companies for Parkinson's disease drug R&D is a major trend in the anti-Parkinson drugs market. For instance, according to the report published in 2018 by the Parkinson's Foundation, the foundation awarded $6 million to Parkinson's disease (PD) research. In January 2019, Parkinson's UK Research and Support charity in the United Kingdom announced a research investment of $1.9 million (1.5 million) into its drug discovery program to develop novel gene transcription modulators for Parkinson's disease. Hence, increasing investments in Parkinson's drug development are expected to drive the anti-Parkinson's drugs market.
The high cost of Parkinson's disease treatment is anticipated to limit the growth of anti-Parkinson's drugs market over the forecast period. According to the Michael J. Fox Foundation for Parkinson's Research's statistics published in June 2019, the economic burden of Parkinson's disease on patients, families, and the federal governments is increasing. In the United States, the overall cost of Parkinson's disease to individuals, families, and government is $51.9 billion annually, with $25.4 billion on direct medical costs (including hospitalization and medication). Thus, the high cost of Parkinson's disease treatment is expected to impact the anti-Parkinson drugs market.
The increasing geriatric population and surging cases of Parkinson's disease (PD) are projected to drive the demand for the anti-Parkinson drugs market.
Key Topics Covered:
1. Executive Summary
2. Anti-Parkinson Drugs Market Characteristics
3. Anti-Parkinson Drugs Market Size And Growth
3.1. Global Anti-Parkinson Drugs Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Anti-Parkinson Drugs Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Anti-Parkinson Drugs Market Segmentation
4.1. Global Anti-Parkinson Drugs Market, Segmentation By Drugs Class, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Dopamine Receptor Agonists
Monoamine Oxidase Type B (MAO-B) Inhibitors
4.2. Global Anti-Parkinson Drugs Market, Segmentation By Route of Administration, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.3. Global Anti-Parkinson Drugs Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Anti-Parkinson Drugs Market Regional And Country Analysis
5.1. Global Anti-Parkinson Drugs Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Anti-Parkinson Drugs Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
ACADIA Pharmaceuticals Inc
1 A Pharma
Vertical Pharmaceuticals, LLC
M Somerset Pharmaceuticals Inc.
For more information about this report visit https://www.researchandmarkets.com/r/h1ryqo
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