The Parkinson’s disease market was valued at USD 5.4 billion in 2023, driven by the increasing geriatric population and growing disease awareness across the 8 major markets. The market is expected to grow at a CAGR of 12.1% during the forecast period 2024-2032, reaching a market value of USD 15 billion by 2032.
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Parkinson’s Disease Market Analysis
Parkinson’s disease is a chronic, progressive neurodegenerative disorder that primarily affects movement. It results from the gradual loss of dopamine-producing neurons in the brain, leading to motor symptoms such as tremors, stiffness, and bradykinesia (slowness of movement). Non-motor symptoms, including cognitive decline, depression, and sleep disturbances, also occur. Parkinson’s disease typically affects older adults, with no cure currently available. Treatment focuses on managing symptoms through medications, lifestyle changes, and, in advanced cases, surgical interventions like deep brain stimulation.Market Drivers
- Increasing Prevalence of Parkinson’s Disease: The rising incidence of Parkinson’s disease, particularly in ageing populations, is a major driver for the market. As life expectancy increases globally, the number of people diagnosed with Parkinson’s is expected to rise significantly, driving the demand for effective treatments.
- Advances in Drug Development: Ongoing research and development efforts are leading to more advanced therapies for Parkinson’s disease, including new formulations of dopamine-based drugs and innovative treatments aimed at slowing disease progression.
- Growing Focus on Early Diagnosis: Advances in diagnostic tools are enabling earlier detection of Parkinson’s disease, allowing for earlier intervention and more effective management of symptoms, thereby increasing the demand for both diagnostic solutions and early-stage treatments.
- Rising Investment in Neurodegenerative Research: Significant investment from government and private sectors into neurodegenerative disease research is accelerating the development of novel treatments and therapies, boosting market growth.
Challenges
- High Cost of Advanced Therapies: The high cost of cutting-edge treatments, such as dopamine agonists and advanced surgical interventions like deep brain stimulation, limits access for many patients, especially in low-income regions, posing a significant challenge to market growth.
- Side Effects of Current Medications: Many Parkinson’s disease treatments, particularly those involving dopamine replacement, are associated with significant side effects such as dyskinesia, which can complicate long-term management and reduce patient adherence to medication.
- Lack of Disease-Modifying Treatments: While current therapies focus on managing symptoms, there are no disease-modifying treatments that can halt or slow the progression of Parkinson’s. This gap in treatment options presents a major challenge in addressing long-term patient needs.
- Complexity of Disease Progression: Parkinson’s disease progresses differently in each patient, making it challenging to provide consistent treatment approaches. This variability complicates clinical management and requires personalised treatment plans, adding to the complexity of care.
Future Opportunities
- Development of Neuroprotective Therapies: Research into neuroprotective therapies that could potentially slow or halt the progression of Parkinson’s presents a significant opportunity. These treatments would represent a breakthrough in managing the disease long-term.
- Telemedicine and Remote Monitoring: The rise of telemedicine and wearable technologies provide opportunities for remote patient monitoring and personalised treatment adjustments, enhancing patient care and improving long-term outcomes in Parkinson’s management.
- Focus on Personalised Medicine: Advances in genetic research and biomarker identification are paving the way for personalised treatment approaches in Parkinson’s disease, allowing for more targeted and effective therapies based on individual patient profiles.
Parkinson’s Disease Market Trends
The Parkinson’s disease market is rapidly evolving, propelled by advancements in drug development and early diagnosis approaches. As ongoing research uncovers new insights into the disease, several significant trends are emerging, shaping the future trajectory of this market.- Growing Use of Dopamine Agonists
- Increased Adoption of Deep Brain Stimulation
- Rising Focus on Non-Motor Symptoms
- Technological Innovations in Drug Delivery
- Increasing Use of Biomarkers for Early Detection:
- Expansion of Clinical Trials for New Therapies:
Parkinson’s Disease Market Segmentation
Market Breakup by Drug Class
- Carbidopa
- Dopamine
- MAO-Inhibitors
- COMT-Inhibitors
- Anticholinergics
- Others
Market Breakup by Route of Administration
- Oral
- Parenteral
- Topical
Market Breakup by End User
- Hospitals
- Homecare Settings
- Specialty Centers
- Others
Market Breakup by Distribution Channel
- Hospital Pharmacies
- Independent Pharmacies
- Online Pharmacies
- Others
Market Breakup by Region
- United States
- EU-4 and the United Kingdom
- Germany
- France
- Italy
- Spain
- United Kingdom
- Japan
- India
Parkinson’s Disease Market Competitive Landscape
The competitive landscape of the Parkinson’s disease market includes key players such as Teva Pharmaceutical Industries Ltd., Novartis AG, GSK plc, AbbVie Inc, Boehringer Ingelheim International GmbH, H. Lundbeck A/S, UCB S.A., Acadia Pharmaceuticals Inc., Zydus Cadila, and Sun Pharma. These companies are heavily focused on expanding their product portfolios and developing innovative treatments. Strategic collaborations, research partnerships, and ongoing clinical trials are common approaches to strengthen their positions in this growing market.Key Questions Answered in the Report
- What factors are driving the growth of the Parkinson’s disease market during the forecast period?
- How are advances in neuroprotective therapies expected to shape the future of Parkinson’s disease treatment?
- What are the key challenges facing patients and healthcare providers in managing Parkinson’s disease?
- How is the adoption of personalised medicine influencing treatment options for Parkinson’s disease?
- What role do emerging markets play in the growth of the Parkinson’s disease market?
- How are technological innovations in drug delivery improving patient outcomes and adherence to Parkinson’s disease treatment?
- What is the impact of telemedicine and remote monitoring on the management of Parkinson’s disease?
- How do different drug classes, such as dopamine and MAO inhibitors, compare in their effectiveness for managing Parkinson’s symptoms?
- What are the major trends driving the adoption of deep brain stimulation in Parkinson’s disease treatment?
- How is the growing focus on non-motor symptoms affecting the development of comprehensive Parkinson’s disease therapies?
- Which regions are expected to see the highest growth in the Parkinson’s disease market, and why?
- What strategic collaborations and partnerships are shaping the competitive landscape of the Parkinson’s disease market?
Key Benefits for Stakeholders
- The industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Parkinson’s disease market from 2017-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in Parkinson’s disease.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders analyze the level of competition within the Parkinson’s disease industry and its attractiveness.
- The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.
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Table of Contents
1 Preface
3 Parkinson's Disease Market Overview - 8 Major Markets
4 Vendor Positioning Analysis
5 Parkinson's Disease Overview
6 Patient Profile
7 Parkinson's Disease Epidemiology Scenario and Forecast - 8 Major Markets
8 Parkinson's Disease Market Landscape - 8 Major Markets
9 Parkinson's Disease Challenges and Unmet Needs
11 Parkinson's Disease Market Dynamics
12 Parkinson's Disease Market Segmentation (2018-2034) - 8 Major Markets
13 United States Parkinson's Disease Market (2018-2034)
14 EU-4 and United Kingdom Parkinson's Disease Market (2018-2034)
15 India Parkinson's Disease Market
16 Japan Parkinson's Disease Market
17 Regulatory Framework
18 Patent Analysis
19 Clinical Trials Analysis
20 Grants Analysis
21 Funding and Investment Analysis
22 Strategic Initiatives
23 Supplier Landscape
24 Parkinson's Disease Treatment Drugs - Distribution Model (Additional Insight)
26 Payment Methods (Additional Insight)
Companies Mentioned
- Teva Pharmaceutical Industries Ltd.
- Novartis AG
- GSK plc
- AbbVie Inc.
- Boehringer Ingelheim International GmbH
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 250 |
Published | January 2025 |
Forecast Period | 2024 - 2032 |
Estimated Market Value ( USD | $ 6 Billion |
Forecasted Market Value ( USD | $ 15 Billion |
Compound Annual Growth Rate | 12.1% |
Regions Covered | Global |
No. of Companies Mentioned | 5 |