The market for central nervous
system disorder drugs comprise of drugs used for the treatment of diseases
affecting the brain or spinal cord such as epilepsy, Parkinson’s disease,
Alzheimer’s disease, depression, anxiety and bipolar disorders. Epilepsy is a
chronic brain disorder characterized by recurring seizures. Parkinson’s disease
is a degenerative CNS disorder associated with symptoms including tremor,
rigidity, akinesia and bradykinesia. It is reported by Parkinson’s disease
Foundation that as of now 7-10 million people are affected with Parkinson’s
disease across the globe. These diseases are generally caused by
neurodegeneration, autoimmune disorders, trauma, tumors and vascular
disorders.
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The market for CNS disorders is
categorized into three segments namely psychiatry, neurology and pain drugs
market. Psychiatry drugs market is further segmented into anxiety, depression,
bipolar disorders, schizophrenia and ADHD (attention deficit hyperactivity
disorder). Neurology drugs market is divided into migraine, epilepsy,
Parkinson’s disease, multiple sclerosis, narcolepsy and and Alzheimer’s
disease. Pain management drugs market segment comprises of drugs used to treat
pain associated with CNS disorders. Among these psychiatry segment holds the
largest share accounting for more than 40% followed by neurology and pain
segment.
Rapidly increasing geriatric
population base resulting in an elevated incidence levels of CNS disorders such
as Alzheimer’s disease, Parkinson’s disease, schizophrenia and multiple
disorders is one of the key factors driving the growth of the market for CNS
disorders.. Currently, there is no drug to cure Alzheimer’s disease, the
available medicines only treat the severity of symptoms and improve the quality
of life to some extent. That is why companies such as Eli Lilly, Baxter
International and Novartis AG are investing heavily in research and development
in order to accelerate the treatment of Alzheimer’s disease. Geographically,
North America holds the largest share of the total market of CNS disorders
followed by Europe and Asia-Pacific. Asia-Pacific is projected to grow at a
CAGR more than other regions on account of high prevalence of diseases such as
epilepsy, Parkinson’s disease and Alzheimer’s disease. As of 2012, WHO (world
health organization) suggests that around 50 million people are suffering from
epilepsy worldwide, most of them (approximately 80%) belong to developing
nations.
Some of the key players operating in
the market for CNS disorders are Pfizer, Johnson & Johnson,
GlaxoSmithKline, Novartis AG, Sanofi, Merck & Co., Abbott Laboratories, Eli
Lilly, UCB, Bristol-Meyers Squibb Co. and Astellas Pharma, Inc.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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