Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 39892.5 million | USD 47911.88 million | 3.1% | 2021 |
FrequentlyAsked Questions
The increasing prevalence of neurodegenerative disorders, an aging population, and rising demands for Parkinson's and Alzheimer's treatment options are all likely to drive significant growth in the neurodegenerative disease treatment market.
According to the report, the global neurodegenerative disease market was worth about 39892.5 (USD million) in 2021 and is predicted to grow to around 47911.88 (USD million) by 2028 with a compound annual growth rate (CAGR) of about 3.1 percent.
North America dominates the neurodegenerative disease market and accounts for more than 3.1 percent of the global revenue. The expansion of the neurodegenerative diseases industry in North America is driven by rising medication demand, high prices, growing R&D investment, and favorable health reimbursement policies. Furthermore, the region's neurodegenerative disease industry has also increased due to advancements in revolutionary technology for neurodegenerative disease medical care and a comprehensive product pipeline for wasting disorders.
Some of the main competitors dominating the global neurodegenerative disease market include - Biogen Inc, Abbvie Inc, UCB SA, Amneal Pharmaceuticals Inc, Teva Pharmaceuticals Ltd, Boehringer Ingelheim International GmbHF, Pfizer Inc, Hoffmann-La Roche, Novartis AG, and Merck & Co. Inc.
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