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Global Neurodegenerative Disease Market

Neurodegenerative Disease Market Size, Share & Trends Analysis Report By Drug Class (NMDA, SSRIs, Decarboxylase inhibitors, Cholinesterase Inhibitors, Immunomodulators, Dopamine Inhibitors), By Applications, Region And Segment Forecasts, 2023-2031.

Report ID : 1097 | Published : 2023-07-07 | Pages: 170 | Format: PDF/EXCEL

The Neurodegenerative Disease Market Size is valued at 41.2 Billion in 2022 and is predicted to reach 59.19 Billion by the year 2031 at a 4.2 % CAGR during the forecast period for 2023-2031.

Neurodegenerative Disease Market

It is anticipated to record a CAGR of 4.3% between 2022 and 2030.An umbrella term for a range of conditions that affect neurons in the human brain are referred to as neurodegenerative diseases. Neurons normally don’t replace or reproduce themselves, so when they become damaged or die, they cannot be replaced by the body. Neurodegenerative diseases are incurable and debilitating conditions that result in progressive degeneration and/or death of nerve cells. Degenerative nerve diseases include Alzheimer's disease, amyotrophic lateral sclerosis, Friedreich's ataxia, huntington’s disease, Lewy body disease, Parkinson's disease, spinal muscular atrophy.

The market of neurodegenerative disease is boosted by the rising awareness among people and the research and developmental activities undertaken by various research institutions and companies to develop effective therapies to treat them. However, the complex nature of the diseases and the lack of knowledge about their causative factors in most cases hamper the advancement of research and development into effective treatment methods. Current therapies only help to alleviate symptoms rather than curing. Due to rapidly increasing prevalence, Alzheimer's disease and Parkinson's disease pose to be the most challenging diseases. Entry of generics to the already existing products can be a challenge to the market. Reformulating marketed drugs shall provide great opportunities to the neurodegenerative disease market.

Maret Segmentation

The Global market for neurodegenerative disease is fragmented into its drug class and indications. Based on the drug class, the global market is segregated into NMDA, dopamine inhibitors, and SSRIs. On the basis of indications, the market is categorized into Huntington disease, Alzheimer's disease, Parkinson's disease, spinal muscular atrophy, and amyotrophic lateral sclerosis. The market is also segmented based on the region Americas, the EMEA, and the APAC.
Some of the molecules under development include VY AADC is gene therapy from Voyager Therapeutics, which is in phase 2 stage of development for the treatment of Parkinson's disease, Crenezumab of Roche is in Phase 3 for Alzheimer’s disease, Gocovri, Ingrezza , Radicava are some of the products approved in 2017 for neurodegenerative diseases.

Competitive Landscape

Some of The Key Players in The Neurodegenerative Disease Market:

  • Novartis
  • Pfizer
  • Merck Serono
  • Biogen Idec
  • TEVA
  • UCB
  • Boehringer Ingelheim
  • Sanofi
  • GlaxoSmithKline
  • Other Prominent Players

The Neurodegenerative Disease Market Report Scope

Report Attribute

Specifications

Market Size Value In 2022

USD 41.2 Billion

Revenue Forecast In 2031

USD 59.19 Billion

Growth Rate CAGR

CAGR of 4.2 % from 2023 to 2031

Quantitative Units

Representation of revenue in US$ Billion and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Drug Class, By Applications

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

Novartis, Pfizer, Merck Serono, Biogen Idec, TEVA, UCB, Boehringer Ingelheim, Sanofi, GlaxoSmithKline, and others

Customization Scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

 

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Neurodegenerative Disease Market Snapshot

Chapter 4. Global Neurodegenerative Disease Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Drug Class Estimates & Trend Analysis

5.1. By Drug Class & Market Share, 2022 & 2030

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2030 for the following By Drug Class:

5.2.1. NMDA

5.2.2. SSRIs

5.2.3. Decarboxylase inhibitors

5.2.4. Cholinesterase Inhibitors 

5.2.5. Immunomodulators

5.2.6. Dopamine Inhibitors

Chapter 6. Market Segmentation 2: By Application Estimates & Trend Analysis

6.1. By Application & Market Share, 2022 & 2030

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2030 for the following By Application:

6.2.1. Parkinson’s Disease

6.2.2. Huntington Disease

6.2.3. Amyotrophic Lateral Sclerosis

6.2.4. Alzheimer’s Disease

Chapter 7. Neurodegenerative Disease Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Neurodegenerative Disease Market revenue (US$ Million) estimates and forecasts By Drug Class, 2022 - 2030

7.1.2. North America Neurodegenerative Disease Market revenue (US$ Million) estimates and forecasts By Application, 2022 - 2030

7.1.3. North America Neurodegenerative Disease Market revenue (US$ Million) estimates and forecasts by country, 2022 - 2030

7.2. Europe

7.2.1. Europe Neurodegenerative Disease Market revenue (US$ Million) By Drug Class, 2022 - 2030

7.2.2. Europe Neurodegenerative Disease Market revenue (US$ Million) By Application, 2022 - 2030

7.2.3. Europe Neurodegenerative Disease Market revenue (US$ Million) by country, 2022 - 2030

7.3. Asia Pacific

7.3.1. Asia Pacific Neurodegenerative Disease Market revenue (US$ Million) By Drug Class, 2022 - 2030

7.3.2. Asia Pacific Neurodegenerative Disease Market revenue (US$ Million) By Application, 2022 - 2030

7.3.3. Asia Pacific Neurodegenerative Disease Market revenue (US$ Million) by country, 2022 - 2030

7.4. Latin America

7.4.1. Latin America Neurodegenerative Disease Market revenue (US$ Million) By Drug Class, (US$ Million)

7.4.2. Latin America Neurodegenerative Disease Market revenue (US$ Million) By Application, (US$ Million)

7.4.3. Latin America Neurodegenerative Disease Market revenue (US$ Million) by country, (US$ Million) 2022 - 2030

7.5. Middle East & Africa

7.5.1. Middle East & Africa Neurodegenerative Disease Market revenue (US$ Million) By Drug Class, (US$ Million)

7.5.2. Middle East & Africa Neurodegenerative Disease Market revenue (US$ Million) By Application, (US$ Million)

7.5.3. Middle East & Africa Neurodegenerative Disease Market revenue (US$ Million) by country, (US$ Million) 2022 - 2030

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. Novartis

8.2.2. Pfizer

8.2.3. Merck Serono

8.2.4. Biogen Idec

8.2.5. TEVA

8.2.6. UCB

8.2.7. Boehringer Ingelheim

8.2.8. Sanofi

8.2.9. GlaxoSmithKline

8.2.10. Other Key Players

Global Neurodegenerative Disease Market Segmentation

Global Neurodegenerative Disease Market by Drug Class

  • NMDA
  • SSRIs
  • Decarboxylase inhibitors
  • Cholinesterase Inhibitors 
  • Immunomodulators
  • Dopamine Inhibitors

Neurodegenerative Disease Market

Global Neurodegenerative Disease Market by Application

  • Parkinson’s Disease
  • Huntington Disease
  • Amyotrophic Lateral Sclerosis
  • Alzheimer’s Disease

Global Neurodegenerative Disease  Market by Region

  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe

North America

  • U.S.
  • Canada

Asia Pacific

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

 

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Neurodegenerative Disease Market Size?

The Neurodegenerative Disease Market Size is valued at 41.2 Billion in 2022 and is predicted to reach 59.19 Billion by the year 2031 at a 4.2 % CAGR d

Novartis, Pfizer, Merck Serono, Biogen Idec, TEVA, UCB, Boehringer Ingelheim, Sanofi, GlaxoSmithKline, and others

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