Rare Neurological Disease Treatment Market to Reflect Impressive Growth Rate by 2027
The growth of the market is driven by factors such as the
rising prevalence of rare neurological diseases, increasing awareness about
rare diseases, and robust pipeline drugs in the North America region. However,
higher cost of rare neurological disease treatments is likely to restrain the
market growth to a certain extent.
A large group of rare diseases that have inefficient
diagnoses and treatments are the neurological disease. These diseases target
the nervous system, which include the brain, spinal cord, and all the nerves
that run throughout the human body. There is no surety regarding the onset of
the diseases; some can strike during childhood, whereas others can affect even
highly aged people.
Top Dominating Key
Players:
- Allergan plc.
- Bayer AG
- GlaxoSmithKline plc.
- Johnson & Johnson Services Inc.
- Merck & Co. Inc.
- Novartis AG
- Pfizer Inc.
- Sanofi
- Teva Pharmaceutical Industries Ltd
- Takeda Pharmaceutical Company Limited
Rapid developments in healthcare and drug discovery are
leading to the introduction of new therapeutic solutions for the treatment of
rare neurological diseases. Authorities such as World Health Organization,
National Institute of Neurological Disorders and Stroke, and National
Institutes of Health are taking constructive steps to encourage the research
activities to find a remedy for rare neurological disease treatment.
For instance, Neurological disorders, which include more
than 1,000 conditions that disrupt the brain and nervous system, affect an
estimated 100 million Americans, nearly one third of the US population. With
the annual cost of neurological disorders already approaching $800 billion, new
treatments that both modify and prevent neurological disease are more critical
than ever. Such increasing awareness and developments for rare neurological
diseases are likely to boost the growth of the rare neurological disease
treatment market in North America during the forecast period.
The increasing use of rare neurological disease treatment in
medical treatment cases in North America is expected to drive rare neurological
disease treatment market the growing pharmaceuticals industry in the country
create a lucrative opportunity and the presence of an established market for
rare neurological disease treatment.
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- This report provides a detailed study of market trends and forecast from 2019 to 2027, which assist to identify the prevailing market opportunities.
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Source : Business
Market Insight
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