Neurodegenerative Disease Market: Overview
The neurodegenerative disease is also known as neurodegeneration which is a condition in which there is a damage or wear and tear of the nerve cells. The patient suffering from a neurodegenerative disease does not have the ability to make decisions and which later results in the memory loss. The diseases that come under the category of the neurodegenerative diseases are Huntington disease, Alzheimer’s disease, Parkinson’s disease, and Amyotrophic Lateral Sclerosis.
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Neurodegenerative Disease Market: Facts
The researchers from the University of Otago made studies on the learning processes affected in the brain disorders, which include Attention Deficit Hyperactivity Disorder and the Parkinson’s disease; they made new findings of how the nerve impulses from the memories. These findings will give implications to develop new therapies for the conditions that are related to brain disorders. These findings are published in the leading international journal Nature Communications.
Neurodegenerative Disease Market: Segmentation
The global market for the neurodegenerative disease is fragmented into its drug class and the indications. On the basis of the drug class, the global market is segregated into dopamine inhibitors, NMDA, and SSRIs. On the basis of indications, the market is categorized into Huntington disease, Alzheimer’s disease, Parkinson’s disease, and Amyotrophic Lateral Sclerosis.
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Neurodegenerative Disease Market: Growth Factors
The market for the neurodegenerative disease will experience a robust growth owing to the continuous developments that are made in the medical sector which is both in the treatment and the diagnosis of the neurological disorders. The other factor that is contributing to the growth of the market is the growth in the geriatric population which is more prone to the neurological disorders. In the developing regions, the physicians are more aware of the neurological disorders and its treatment methods thus triggering to the growth of the market. The factors that will restrain the growth of the neurodegenerative market are the lack of awareness among the people in the under-developed regions and the absence of the developed curative treatment is negatively affecting the growth of the market.
Neurodegenerative Disease Market: Regional Analysis
Several regions where the global neurodegenerative disease market is diversified include Asia Pacific, the Middle East and Africa, Western European, Eastern Europe, Latin America, and North America regions. The market that is contributing the maximum share in the neurodegenerative disease market is Asia Pacific region. This growth is due to the factor that this region has the large population base and the increasing cases of the neurodegenerative disease. In the coming years, the market will experience a significant growth in the North America and the European regions. The factor that will contribute to the market growth in these regions is the increasing cases of the neurological disorders.
Neurodegenerative Disease Market: Competitive Players
The key market players that are involved in the neurodegenerative disease market include Pfizer, Biogen Idec, UCB, Sanofi S.A., Novartis, Merck Serono, TEVA Pharmaceuticals Industries, Boehringer Ingelheim, and GlaxoSmithKline.
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Neurodegenerative Disease Market by Regional Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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