Parkinsons Disease Drugs Market Size, Share & Analysis (2022-27)

 

Market Overview:

Over the forecast period, the market for medicines for Parkinson’s disease is anticipated to expand at a CAGR of 6.2%. (2022–2027).

The Covid-19 pandemic has had a sizable effect on the market. The COVID-19 pandemic had relatively little of an impact on the world market for Parkinson’s disease medications. The pandemic has had a direct impact on the supply and demand for Parkinson’s medications, as well as on businesses and financial markets. It has also disrupted the distribution system. To determine the effect of Covid-19 on PD patients, however, there have been more clinical trials and extensive research projects.

For instance, it is mentioned in the August 2021 article “Clinical Trials of Parkinson’s Therapies Robust Despite COVID-19” that despite COVID-19’s effects, funding and interest in clinical trials of potential new Parkinson’s disease treatments remained high during the pandemic phase. According to “Parkinson’s Disease Drug Therapies in the Clinical Trial Pipeline: 2021 Update,” another research article that was published in the same month, there has been a lot of activity in the clinical development of novel and effective drug-based treatments for the neurodegenerative condition known as Parkinson’s disease (PD) during the pandemic. The pandemic is thus anticipated to have a favourable effect on the market under consideration as a result of the aforementioned factors.

Scope of the Report:

Parkinson’s disease, according to the definition, is a brain disorder that causes unintentional or uncontrollable movements like trembling, stiffness, and problems with balance and coordination. The market for Parkinson’s disease medications is divided into two categories: geography and Mechanism of Action (Dopamine Agonists, Anticholinergic, MAO-B Inhibitors, Amantadine, Carbidopa-Levodopa, COMT Inhibitors, and Other Mechanisms of Action) (North America, Europe, Asia Pacific, Middle East, and Africa, and South America). Additionally, the market report includes projected market sizes and trends for 17 different countries across the world’s major geographic regions. The report provides the value for the aforementioned segments (in USD million).

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