Data Bridge Market Research analyses that the neurological disorder drugs market was valued at USD 79.40 billion in 2021 and is expected to reach USD 125.60 billion by 2029, registering a CAGR of 5.9% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario,
Acquiring maximum return on investment (ROI) hinges on understanding brand awareness, market landscapes, potential future challenges, industry trends, and customer behavior. Every detail and insight within this Multiple Sclerosis report serves as a guide for businesses to make informed decisions and enhance their ROI. Employing a data triangulation method involving data mining, analysis of data variables’ impact on the market, and validation by industry experts, this report ensures robustness. Furthermore, market segmentation is a pivotal aspect of this Neurological Disorder Drugs Market report, categorizing the market based on applications, verticals, deployment models, end-users, and geography.
Utilizing cutting-edge tools and techniques, this Neurological Disorder Drugs Market report rigorously conducts research, analysis, and data gathering. It strategically profiles key market players, conducts systematic analyses of their core strengths, and presents a competitive landscape. In today's business landscape, there’s a dire need for precise, comprehensive, and detail-oriented market information to gain a clear understanding of market landscapes. The Neurological Disorder Drugs Market report serves as a reliable resource, empowering businesses to focus on the realities and nuances of the Multiple Sclerosis industry, thereby guiding them on the right path.
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In recent years, the Neurological Disorder Drugs Market is anticipated to grow rapidly during the forecast period. Multiple sclerosis affects about 1 million people in the United States and 2.3 million people globally, according to the National Multiple Sclerosis Society. Each year, the number of people diagnosed with multiple sclerosis rises, necessitating the development of new medications that are more effective and have fewer side effects. Governments and non-government organizations in developed and developing countries are increasing their efforts to raise awareness of multiple sclerosis and giving significant funds for drug research and development.
Market Growth Drivers:
Drivers
Growing geriatric population
The market’s growth is propelled by an increase in the geriatric population, which leads to the presentation of numerous neurological problems. Cerebrovascular disorders such as stroke and migraine affect people of all ages in countries including Germany, the United Kingdom, and Italy. In adults aged 45 to 84, France, Sweden, Greece, Denmark, and Russia have high rates of cerebrovascular illness. As per a study published in the NCBI in 2018, the prevalence of stroke in Singapore was 7.67 percent among persons aged 65 and up.
Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of dermatitis market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.
The report emphasizes the participation of key entities, notably:
- Novartis AG (Switzerland)
- Abbott (U.S.)
- Hoffmann-La Roche Ltd. (Switzerland)
- Teva Pharmaceutical Industries Ltd. (Ireland)
- Pfizer Inc. (U.S.)
- GlaxoSmithKline plc (U.K.)
- WOCKHARDT (Mumbai)
- Novo Nordisk A/S (Denmark)
- Glenmark Pharmaceuticals Limited (India)
Key Highlights in the Report
- Providing an extensive analysis of the Neurological Disorder Drugs Marketfor a holistic understanding.
- Presenting details about the leading industry players, their product ranges, and strategic approaches.
- Delving into the prominent regional landscapes where Multiple Sclerosis demonstrates significant growth.
- Exploring the latest trends and advancements within the industry.
- Identifying potential and specialized segments/regions poised for notable expansion.
Key Market Segmentation
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Target Audience:
- Businesses in the Multiple Sclerosis industry
- Investors and analysts interested in the Intravenous (IV) Solutions Market
- Anyone who wants to learn more about the Intravenous (IV) Solutions Market
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