The Global Central Nervous System Treatment Market size is expected to gain momentum in the forthcoming years. This is attributable to the increasing prevalence of neurological disorders and the availability of advanced healthcare facilities in developed and emerging economies that propel the adoption of novel central nervous system treatment solutions globally. Fortune Business Insights published this information in its upcoming report, titled, “Central Nervous System Treatment Market Size, Share & Industry Analysis, By Drug Class (Analgesics, Anesthetics, Anticonvulsants, Antiemetics, Antiparkinson Agents), By Disease Indication (Neurovascular Disease, Degenerative Disorders, Mental Health & Trauma, Others), By Distribution Channel (Hospitals Pharmacy, Retail Pharmacy, Online Pharmacy) and regional forecast 2020-2027.”
The widespread effect of the global pandemic, COVID-19, has been felt across several economies that are facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been on a standstill with limited operational activities. However, a collective effort from the government as well as the industries is likely to bring the economy back on track and aid in the resumption of industrial activities.
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The central nervous system (CNS) is a vital system of the human body that controls major functions of the body and mind. It primarily has three significant functions that include information processing, sensory input, and motor output. The failure of CNS leads to several adverse health effects such as memory loss, weakness, numbness, lack of coordination, and loss of sight, among others. However, to counter this condition, several central nervous system treatment options are in the offing across the healthcare facilities worldwide.
What does the Report Include?
The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period.
Increasing Incidence of Neurological Disorders to Feed Market Growth
According to the World Health Organization (WHO), around 1.2 million adult-onset brain disorders diagnosed are due to Alzheimer disease. Additionally, over 60,000 Americans are diagnosed with Parkinson’s disease in the United States. The increasing prevalence of neurological disorders is expected to boost the adoption of advanced central nervous system treatment solutions during the forecast period. Moreover, availability of advanced healthcare facilities is expected to contribute to the global central nervous system treatment market in the forthcoming years.
Growing Pharmaceutical Sector in North America to Accelerate Growth
Among all the regions, North America is expected to remain dominant and hold the highest position in the global central nervous system treatment market during the forecast period. This dominance is attributable to the growing pharmaceutical sector that supports the adoption of advanced central nervous system treatment solutions in the region.
On the other hand, Europe is expected to hold the second position in the market owing to the increasing demand for therapeutic drugs in the region between 2020 and 2027.
Increasing Investment in R&D Activities by Prominent Companies to Boost Product Adoption
The global central nervous system treatment market is consolidated by the presence of major companies that are investing in R&D activities to develop novel central nervous system treatment solutions. Additionally, other key players are adopting strategies such as collaborations and partnerships that are likely to bode well for the market growth during the forecast period.
- December 2020 – Innovent Biologics, Inc., a leading biopharmaceutical company, announced the approval of its recombinant humanized anti-VEGF monoclonal antibody drug, BYVASDA by the National Medical Products Administration (NMPA) of China. The company reports that the central nervous system treatment solution is an effective therapeutic drug that can be used for treating glioblastoma patients.
List of the Companies Profiled in the Global Market for Central Nervous System Treatment:
- Eli Lilly and Company
- Pfizer Inc.
- Otsuka America Pharmaceutical, Inc.
- Novartis AG
- Merck & Co., Inc.
- Teva Pharmaceutical Industries Ltd.
- Johnson & Johnson Services, Inc.
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Name: Shridhar Patil
Shridhar Patil is part of a talented team of content writers working at Fortune Business Insights™, one of the promising market research firms in the industry. With quality experience in developing content, he is actively involved in writing articles, press releases, and blogs for the company. He is highly motivated and works towards seeking knowledge from every possible source, with a penchant for updating himself to valuable information around him.https://industribune.net/