The number of people facing central nervous system (CNS) disorders is increasing in many nations across the globe. In recent years, a huge number of cases of CNS disorders such as trauma, infections, tumors, structural defects, stroke, and autoimmune disorders have been recorded in many regions. The rising occurrence of CNS disorders is the primary factor expected to propel the global central nervous system disorders therapeutics market. These are some of the findings of a new report added by MarketResearchReports.biz to its expanding database of research report.
The report, titled “Global Central Nervous System Disorders Therapeutics Market 2016-2020,” states that the global market is expected to exhibit a 3.38% CAGR from 2016 to 2020. The rising DMD approvals for MS, AD, and PD and the rising uptake of new-generation drugs are two factors, which can be credited for the growth of the global central nervous system disorders therapeutics market. However, the analysts predict that this global market will be challenged by the high failure rates of late-stage products in clinical trials.
The report briefs readers about the key factors driving and restricting the growth of the global central nervous system disorders therapeutics market. As per the findings of the report, factors such as the new development of therapeutics, the growth potential of mAbs, and new regulatory designations for central nervous system disorders are predicted to benefit the global market. However, factors such as the rising use of seizure management devices, unavailability of diagnostic methods in developing nations, and the rise in the rehabilitation programs are expected to challenge the global market for central nervous system disorders therapeutics.
The uptake of new-generation drugs is increasing in many emerging nations. Key companies are focusing on the reformulation of CNS disorder therapeutics. There has been an increasing use of LAI antipsychotics in many developing nations. All these changing trends are expected to propel the global market throughout the forecast period.
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For a competitive analysis, the report has measured the demand for and the sale of generic, branded, and off-labeled medicines for central nervous system (CNS) disorders. GlaxoSmithKline, Pfizer, Eli Lilly, Janssen Pharmaceuticals, Novartis, AB Science, AbbVie, Abital Pharma, Acorda Therapeutics, Active Biotech, Adamas Pharmaceuticals, Addex Therapeutics, Akorn, Alcobra, Alexza Pharmaceuticals, Alkermes, and Amarantus are some of the companies operating in the global central nervous system disorders therapeutics market. Leading manufacturers are currently focusing on introducing new CNS disorder therapeutics in the global market. With this, they aim to maintain their dominance in the global market.
The global central nervous system disorders therapeutics market is regionally divided into EMEA, APAC, and the Americas. Key companies are aiming to tap the untapped market in the emerging nations to increase their share in the global market. However, they are expected to face severe competition from the new entrants and their new product inventions. By enhancing the drugs for depression, schizophrenia, bipolar disorders, AD, MS, PD, and epilepsy, key companies are trying to capture a large share of the global market.
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