Key Insights on Global Neurodegenerative Diseases Drugs Market to 2023: Recent Approval for Ocrevus and Tecfidera Supports Growth


Published on : Mar 21, 2018

Albany, New York, March 21, 2018: A new study, based on the global market for neurodegenerative diseases has been freshly added to the wide repository of Market Research Hub (MRH) and titled as  “Global Neurodegenerative Diseases Drugs Market to 2023”. It has been analyzed in the study that Neurodegenerative market is expected to dwell due to continuous advancement in medical technology both for the diagnosis and the treatment of neurological disorders have upraised the demand of neurodegenerative drugs.

The prime focus of this 199-page study is to give readers detailed insights, analysis, and valuable guidance on the prospects of global neurodegenerative diseases drugs market. Analysts also predict growth in market size, with in-depth market forecasting from 2016 to 2023. The forecast will provide report investors an understanding of how epidemiology trends, new drug entries and new drug patent expirations will influence market value.

In the initial section, this report scrutinizes the complete neurodegenerative disease therapy area, with a precise emphasis on the five most prevalent neurodegenerative disorders: Alzheimer’s disease (AD), Parkinson’s disease (PD), multiple sclerosis (MS), amyotrophic lateral sclerosis (ALS) and Huntington’s disease (HD). These are the most commonly occurring diseases under the condition “Neurodegeneration”. It has been analyzed that patients generally show a mixture of symptoms for one or more neurodegenerative disease.

As per the research prime findings, neurodegenerative diseases are becoming gradually prevalent due to an aging population, but this diverse therapy area remains largely untreatable with current therapies. In the coming years, the neurodegenerative disease market landscape is forecast to undergo a period of substantial change following key approvals, patent expiries and acquisitions. In the above-mentioned disorders, both AD and PD remain ineffectively treated despite substantial investment into R&D by pharmaceutical companies, due to high clinical trial failure rates. On the other hand, MS contrasts with the rest of this cluster, as it affects a different population demographics and has a profitable pharmacological market. Some of the recent approvals for Ocrevus and Tecfidera are expected to sustain the market in the near future.

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The research further identifies the key pipeline products, including sales forecasts for these products. Also, which pipeline products are forecast to achieve the highest revenues on the market by 2023 is also predicted in the study.

This review also provides a detailed look at clinical trials, providing an insight into the risk associated with bringing neurodegenerative disease drugs to market. How will the current pipeline innovation change the market landscape is also discussed in the study. It further identifies innovative pipeline trends by analyzing treatments by stage of development, molecule type and molecular target.

In the end, the research also identifies the leading companies in the market, in terms of market share and growth.

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