Parkinson’s Treatment Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
Known more about Parkinson disease, symptoms and treatment
Parkinson’s Treatment Market: Parkinson disease is a chronic, progressive neurodegenerative disorder that is characterized by tremors, rigidity, postural instability and bradykinesia (slow movement) with non-motor skills such sleep disturbances, in cognition, mood disturbance and autonomic dysfunction are also included. The disease is caused due to degeneration of the dopamine-producing cells of the substantia nigra. It is a slow-degenerative disorder which cannot be cured with poor life quality and increases disability.
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Recent advances in the way of the treatment of Parkinson’s disease with combination or multiple medicines and therapies in order to prolong the action of the continuous stimulation of dopaminergic drugs, devices approval, etc. will help slow the degeneration of Parkinson’s diseases treatment globally. Factors such as an increase in older population, treatment affordability, an increase in the number of patients globally will help the market grow for Parkinson disease treatment. On the other hand, patent expiration, the rise in competitive drugs, and extensive unmet supply of the drug are some factors which can hamper the market growth of Parkinson’s disease treatment. The global Parkinson’s Treatment Market can be classified on the basis of drug class, treatment, end user, and geography.
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- Drug class
- Monoamine Oxidase Inhibitors (MAO)
- Dopamine Precursors
- Catechol-o-methyltransferase Inhibitors (COMT)
- Peripheral Decarboxylase Inhibitors
- Others (Anticholinergics, Antihistaminic)
- End-users
Hospital Pharmacies, online Pharmacies, and retail pharmacies
And lastly, it is divided on the basis of geographical regions-North America, Asia-Pacific, Europe, and the Middle East and Africa. North America holds the first place in the global market for the Parkinson’s disease treatment due to a high incidence of the disease, and good reimbursement policies. According to the Parkinson’s disease Foundation, approximately 60,000 Americans are diagnosed with Parkinson’s disease every year. On the other hand, Europe holds the second place due to its share in the R &D investment and act as major players in the market. Some of the key players in the Parkinson’s treatment market are Salix Pharmaceuticals (US), GlaxoSmithKline (US), Wockhardt Limited (India), Impax Laboratories, Inc., (US), Cipla Inc. (India), Apotex Inc. (Canada), etc. are some names. In 2015 USFDA approved RYTARY, an extended-release oral capsule combination of Carbidopa and Levodopa of Impax Laboratories to treat Parkinson’s disease.
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Parkinson disease is essentially treated with known and trusted medicines such as dopamine agonists and Levodopa, hence generic drugs still dominate the market. Newer technologies are making their way into the market to offer better quality treatment compared to conventional therapies. Drug manufacturers are accepting more options alongside the Levodopa therapy, therapy such as new product launches and collaborative agreements have been adopted so far. For e.g. Neuropore Therapies Inc. have collaborated with UCB S.A. for drug name NPT200-11, for the treatment of Parkinson’s disease.
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