Key market players are constantly focusing on achieving accurate results and functional improvement.
ROCKVILLE, MD / ACCESSWIRE / October 28, 2020 / The global rare neurodegenerative disease treatment market is projected to surpass a valuation of US$ 116 billion by 2030, according to a new study by Fact.MR. Medical technology advancements offer consistent and better results, thereby, acting as a priority in the healthcare sector. This has projected as a major growth aspect for the market.
"Regular functioning and use of plant polyphenol aids neurotransmitter regulation. Increased research investment and developed medical assistance are anticipated to complement overall market growth," says a Fact.MR analyst.
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Rare Neurodegenerative Disease Treatment Market - Key Takeaways
- Hospital Pharmacies will account for the highest market share owing to rising demand by researchers and doctors.
- Due to reduced levels of toxicity, neuroprotective agents are estimated to account for larger market share.
- North America will continue to hold largest share in neurodegenerative disease treatment market.
- Antioxidant benefits in plant polyphenol will widen the scope of therapeutic applications.
Rare Neurodegenerative Disease Treatment Market - Drivers
- Steady government support and improved reimbursement policies pertaining to the medical industry
- Advancements in medical technology for treatment and diagnosis.
- Increasing cases of neurodegenerative diseases in North America and Europe.
- Increased research, development and investments by leading manufactures.
Rare Neurodegenerative Disease Treatment Market - Constraints
- High-priced nature of treatment can limit adoption over the forecast period.
- Absence of trained professionals in developing economies will act as a major constraint in the market.
Impact of COVID-19 on Rare Neurodegenerative disease Treatment Market
COVID-19 had an adverse effect on worldwide businesses. According to new research, patients suffering from multiple sclerosis are at higher risk as symptoms are not easily visible. According to Chicago based Medicine Health System, 82% of patients' in America while 1 in 3 patients in Europe recorded neurological symptoms post COVID treatment but redirection of medical resources towards coronavirus treatment and strict restrictions will reduce the adoption of neurological treatments.
Explore the Rare Neurodegenerative Disease Treatment market comprising of 78 figures and 30 data tables, along with the table of contents. You can find a detailed market segmentation on https://www.factmr.com/report/5197/rare-neurodegenerative-disease-treatment-market
Rare Neurodegenerative Market - Competition Landscape
Leading players identified in the global market include Allergan Plc, Bayer AG, F.Hoffmann-La Roche Ltd., GlaxoSmithKline plc, Johnson & Johnson, Merck KGaA, Novartis AG, Pfizer Inc., Sanofi, and Teva Pharmaceutical Industries Ltd. Manufacturers are focussing on product launches and improvements in functionality. For instance, PTC Therapeutics launched PTC Pinpoint, which is a genetic testing program to detect neurotransmitter disorders.
More on the Report
The Fact.MR's market research report provides in-depth insights into the rare neurodegenerative disease treatment market. The market is scrutinized on the basis of indication (autism, migraine, narcolepsy, sclerosis etc.), drug class (neurotransmitter agent, neuroprotective agent, biologics etc.) and across major regions (North America, Europe, East Asia, South Asia, Latin America, and Middle East & Africa (MEA).
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SOURCE: Fact.MR