Saudi Arabia parkinson disease market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Key business drivers are anticipated to include the high prevalence of Parkinson's disease (PD) in western countries, the aging global population, which is at a high risk of contracting the disease, and the strong pipeline of drugs that treat the condition. Some of the major key players in this market are Sunovion Pharmaceuticals, Adamas Pharmaceuticals, Neurocrine Biosciences, Supernus Pharmaceuticals, etc.
Saudi Arabia Parkinson Disease Market is valued at around $52.7 Mn in 2022 and is projected to reach $126.1 Mn by 2030, exhibiting a CAGR of 11.53% during the forecast period 2023-2030.
A brain ailment called parkinson's disease causes the loss of nerve cells in a specific area of the brain. It has a variety of effects on a person, including stiffness, depression, memory problems, challenges with balance and coordination, blood pressure, and thinking. Although there is no known cure for the condition, there are several treatment options, including surgery, medicines, and other therapies. Levodopa is a key component of Parkinson's treatment. To counteract carbidopa's numerous side effects, such as nausea, vomiting, low blood pressure, and restlessness, levodopa is routinely used with it. Due to changing environmental factors and genetic predisposition, the size of the Parkinson's disease treatment market is growing. Key business drivers are anticipated to include the high prevalence of Parkinson's Disease (PD) in western countries, the aging global population, which is at a high risk of contracting the disease, and the strong pipeline of drugs that treat the condition. The major key players in this market are Sunovion Pharmaceuticals, Adamas Pharmaceuticals, Neurocrine Biosciences, Supernus Pharmaceuticals, Kyowa Kirin, AbbVie, Integrative Research Laboratories AB, Rusan Pharma, Annovis Bio Inc., Cerevel Therapeutics, AMneal Pharmaceuticals
Market Growth Drivers
Strategic research alliances are being paved by the studies being conducted by numerous pharmaceutical companies to develop potential treatments for Parkinson's disease. The market revenue will profit from this element in turn. For instance, in October 2018, Pfizer Inc., a well-known pharmaceutical company, teamed up with Bain Capital to launch Cerevel Therapeutics, a biopharmaceutical company that will develop medications for Parkinson's disease and other conditions of the central nervous system. This move will help the Parkinson's disease market grow.
Market Restraints
Parkinson's disease currently has no known cure, only symptomatic relief from therapy. The market is severely constrained by the absence of disease-modifying treatments because patients and healthcare professionals are still looking for more potent therapeutic options. Strict rules and approval procedures apply to the pharmaceutical and healthcare industries. Before authorizing novel therapies, regulatory organizations like the U.S. Food and Drug Administration (FDA) demand thorough clinical trials and safety information. These legal requirements may cause market entry delays and raise development expenses.
Key Players
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Drug Class
By Route of Administration
By Distribution Channel
Methodology for Database Creation
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1. Secondary Research
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