The Global Parkinson’s Disease Industry is on a trajectory for stable growth, with a projected market valuation of US$6.1 billion by 2033. This signifies a steady increase from its current value of US$3.7 billion in fiscal year 2023, reflecting a Compound Annual Growth Rate (CAGR) of 5.1% anticipated throughout the forecast period (2023-2033).
Parkinson’s disease is a complicated neurological condition that affects various brain areas and is characterized by the destruction of nerve cells. It can cause a wide range of symptoms, such as mood swings, stiffness, balance and coordination problems, and cognitive deficits. Despite Parkinson’s disease’s challenging character, the field of therapy is developing, offering a variety of therapeutic methods such as pharmacological treatments, surgical procedures, and state-of-the-art medical techniques.
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When a patient’s medications are not functioning effectively, it can lead to an increase in Parkinson’s disease (PD) symptoms including tremor and walking problems, which is known as an “off episode.” In the US, NOURIANZ (istradefylline), an antagonist of the adenosine A2A receptor, is used for Parkinson’s disease. The medication offers patients with Parkinson’s disease a brand-new non-dopaminergic once-daily oral treatment alternative. Such developments are expected to spur global growth in the Parkinson’s disease market from 2023-2033.
Key Takeaways from the Global Parkinson’s Disease Industry Study
- The global Parkinson’s disease market is currently worth more than US$ 4.82 Billion.
- In 2023, the Carbidopa-levodopa segment by drug class type is expected to take the dominant market share of 32%.
- In 2023, considering the age type, the adult segment is predicted to gain 21% of the market share.
- The North American market for Parkinson’s disease is predicted to grow with a steady CAGR of 12.5% from 2023-2033.
- The APAC for Parkinson’s disease is expected to grow with a steady CAGR of 12% during 2023-2033.
“The market is anticipated to expand as more drugs are approved for the treatment of Parkinson’s disease and as there is a robust pipeline of novel medications being developed for the condition.” comments a Future Market Insights analyst.
Competitive Landscape
Some of the top players in the Global Parkinson’s Disease Industry are:
- Sunovion Pharmaceuticals
- Adamas Pharmaceuticals
- Neurocrine Biosciences
- Supernus Pharmaceuticals
- Alectos Therapeutics
- Kyowa Kirin
- AbbVie
- Integrative Research Laboratories AB
- Annovis Bio Inc.
- Cerevel Therapeutics
- Biogen Inc.
- Amneal Pharmaceuticals
Some of the recent developments in this domain are:
- Biogen Inc. and Alectos Therapeutics signed an agreement in June 2022 to develop and market GBA2 inhibitors (AL01811), a possible therapy for Parkinson’s disease patients. This agreement grants Biogen worldwide rights to research, manufacture, and commercialize AL01811. They think they will be well-suited to assist in bringing AL01811 to patients who need it by combining Alectos’ experience in small-molecule therapies with Biogen’s worldwide development expertise in Parkinson’s disease. They are indeed energized by the prospect of using Biogen’s commercial skills to raise the standard of treatment in Parkinson’s disease as well as movement disorders in general.
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More Valuable Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Parkinson’s disease Industry, presenting historical demand data (2018-2022) and forecast statistics from 2023 to 2033.
The study divulges essential insights on the market based on the Parkinson’s disease industry by type (juvenile parkinson disease, young-onset parkinson’s disease, idiopathic Parkinson disease), by age (adult and pediatric), by diagnosis (CT Scan, MRI Scan, DaTSCAN-SPECT scan, PET Scan), by drug class (carbidopa-levodopa, carbidopa-levodopa infusion, dopamine agonists, monoamine oxidase b inhibitors, catechol o-methyltransferase inhibitors, anticholinergics, amantadine) and regions.
Key Segments Covered In The Global Parkinson’s Disease Industry Report
Parkinson’s Disease Market By Type:
- Juvenile Parkinson Disease
- Young-Onset Parkinson’s Disease
- Idiopathic Parkinson Disease
Global Parkinson’s Disease Industry By Age:
- Adult
- Pediatric
Global Parkinson’s Disease Industry By Diagnosis:
- CT Scan
- MRI Scan
- DaTSCAN-SPECT scan
- PET Scan
Global Parkinson’s Disease Industry By Drug Class:
- Carbidopa-Levodopa
- Carbidopa-Levodopa Infusion
- Dopamine Agonists
- Monoamine Oxidase B Inhibitors
- Catechol O-Methyltransferase Inhibitors
- Anticholinergics
- Amantadine
Global Parkinson’s Disease Industry By Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia-Pacific
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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