Future Market Insights has developed a new report on global rare neurological disease treatment market. A researcher from FMI has fetched several question on presumed growth of the global market.
How will you explain the growth of global rare neurological disease treatment market?
According to the report published by FMI, the global market is anticipated to reflect splendid growth during 2017-2026. The market is anticipated to surpass valuation of approximately 12 Bn by the end of 2026.
What are factors encouraging developments of drugs for rare neurological disease treatments?
Declining blog buster drugs have resulted pushing number of companies to keenly investigate new areas of R&D. Drug manufacturers have been incentivized by orphan drug act to manufacture new drug formulations liked with treatment of different rare disorders like neurological disorders. Regulatory improvements like longer market exclusivity, breakthrough designations as well as decreased tax and fees incentives have led investors to invest more in R&D activities of drugs to cure rare neurological disorders.
What are the initiative taken to widen awareness about rare neurological treatments?
Some initiatives were taken by number of leading players to coordinate with care and treatment of patients suffering from rare neurological disorders. For instance, Brains for Brain Foundation, members of pharma industry, European Brain Council, and LSD Patient Collaborative are backing up initiative in Europe that is anticipated to improve awareness, visibility, as well as recognition of rare neurological disease for attracting their early diagnosis. The initiative further aims to promote and facilitate partnership between patient advocates, physicians, policy-makers, as well as researchers.
Why do you think North America will remain leading region in global rare neurological disease market?
The market in North America is likely to remain at leading position with anprojected revenue share of two-fifth of the overall market during 2017-2026. The technological and economical vigor, combined with rising geriatric population in this region that is highly prone to this brain-related disorders, will increase demand for rare neurological disorder treatment in North America.
Further, the market in APEJ and Europe will procure significant revenue share of the market. On the other hand, combination of revenues of these two regions is likely to be smaller than that of amassed markets in the North America. In terms of value, the markets in North America and Europe are likely to exhibit similar CAGR during the assessment period.
Which is the widely preferred treatment of rare neurological disease?
Biologics is the widely preferred treatment of rare neurological disease treatments. By the sales of biologics, revenues of the market will have be increased a lot. On the other hand, the organic compounds used for the treatments of rare neurological diseases will record relatively higher growth through 2026.
Which disease type is likely to dominate the global market?
Alzhiemer’s disease is likely to procure nearly three-fifth share of the market during the assessment period. The segment is likely to retain its dominance in the market throughout the assessment period. Further, the segment is likely to secure higher revenue share of the market through 2026. On the other hand, the injectable are likely to remain sough-after in the market among the mode of administration.
What are the leading players in the global rare neurological disease treatment market?
EMD Serono, Inc., Novartis AG, Sanofi, Jazz Pharmaceuticals, Bayer Aktiengesellschaft, Johnson & Johnson, Medtronic Plc, and Teva Pharmaceutical Industries Limited are several leading players in the market contributing more to the growth of the global market.
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