According to JPND, the EU joint program for global research initiatives aimed at tackling the challenges of neurodegenerative diseases, neurodegenerative diseases are a group of disorders that affect the neurons in human brain. When neurons get damaged owing to the effect of neurodegenerative diseases such as Alzheimer’s, Parkinson’s, or Huntington’s disease, they cannot be replaced, as neurons don’t reproduce like other human cells.
Thus, neurodegenerative diseases are debilitating and incurable conditions that result in progressive degeneration of neurons and lead to problems with mental functioning and movement. The prevalence of these conditions is on a constant rise across the globe, yet there is a general lack of effective therapies to treat the same.
The report is a detailed analysis of the different treatment mechanisms currently available in the market for treating neurodegenerative diseases. It examines the various aspects of the market in great detail and analyzes all segments from a global as well as regional standpoint. The impact of the regulatory framework, policies, and key regulations on a variety of business decisions is also studied in the report.
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The report comprises the most insightful data delivered by analyzing data gathered with the help of a number of primary and secondary research methodologies, and insights from industry experts.
The report states that the market for treatments of neurodegenerative diseases is being driven by the rising awareness about mental disorders and a constant rise in research and development activities aimed at finding effective therapies for treating them. However, the complex nature of these diseases and the lack of knowledge about their causative factors in most cases hinder the advancement of research and development into effective treatment methods. The medications currently available in the market for the cure of neurodegenerative diseases only help in alleviating symptoms, rather than curing the disease itself. Thus, the market holds huge scope for future growth.
The report categorizes the market for treatments of neurodegenerative disorders broadly into progressive dementia, movement disorders, and dementia with other neurological abnormalities. Of these segments, the market segment of progressive dementia accounted for the largest share in the global treatments for neurodegenerative disorders market. Dementia with other neurological disorders followed the market segment of progressive dementia
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The report segments the market on the basis of the diseases that come under the umbrella term of neurodegenerative disorders and have the most prominent impact on the overall market. This segment of the report examines the markets for Huntington’s disease, corticobasal ganglionic degeneration, Alzheimer’s disease, progressive supranuclear palsy, Pick’s disease, Hallervorden-Spatz disease, multiple system atrophy, and Lewy body dementia. On the basis of geography, the market is segmented into North America, Asia Pacific, Europe, and the Rest of the World (RoW).
Global Treatments for Neurodegenerative Disorders Market: Key Vendors
The report also presents a detailed overview of the competitive landscape of the market with the help of detailed business profiles of some of the key companies operating in the market. Looking at the challenging nature of the field of operation, it is no wonder that most of the world’s best pharmaceutical companies have operations dedicated to research and treatment of neurodegenerative disorders. Some of these are Abbott Laboratories, Baxter International, Inc., Roche Holding Ltd., Colucid Pharmaceuticals, Inc., Cipla Ltd., Glenmark Generics Ltd., Daiichi Sankyo Co. Ltd., Acorda Therapeutics, Inc., Neuro-Hitech, Inc., Boehringer Ingelheim Ltd., and Cellzome AG.