Neurodegenerative Drugs Market Projected to Grow at a Steady Pace During 2022-2028

Neurodegenerative Drugs Market Projected to Grow at a Steady Pace During 2022-2028
2 min read
07 December 2022

The Neurodegenerative Drugs Market is segmented, By Type (N-Methyl-D-Aspartic Acid (NMDA), Selective Serotonin Reuptake Inhibitors (SSRIs), Dopamine Inhibitors, Other), Disease Indication (Multiple Sclerosis, Parkinson’s Disease, Alzheimer's Disease, Spinal Muscular Atrophy (SMA), Others), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online), and Region - (North America, Europe, Asia-Pacific, and Rest of the World).

What is neurodegenerative disease?

Neurodegenerative disease is defined as a group of diseases that affects the neurons in the human brain. The inability of neurons to reproduce themselves results in the development of neurodegenerative diseases. Neurodegenerative diseases include multiple sclerosis, Parkinson's disease, Alzheimer's disease, spinal muscular atrophy (SMA), and others.

Key Players

Key players operating in the neurodegenerative drugs market are-

  • Novartis International AG (Switzerland)
  • Pfizer Inc. (US)
  • Merck Serono (Germany)
  • Biogen Inc. (US)
  • Teva Pharmaceutical Industries Ltd. (Israel)
  • Benetton Group S.r.l. (Italy)
  • C.H. Boehringer Sohn AG & Ko. KG (Germany)
  • Sanofi S.A. (France)
  • GlaxoSmithKline plc (UK).

Market Dynamics

The growth of the neurodegenerative drugs market is primarily driven by the increasing prevalence of Alzheimer's and Parkinson's diseases. Expanding the geriatric populace across geographies is likely to drive market growth at a significant rate during the review period. In addition to this, increasing investment in research and development activities to develop new treatment methods is likely to create lucrative opportunities for the players operating in the global neurodegenerative drugs market in the coming years.

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