Central Nervous System Therapeutic Market to Outstrip US$ 209.2 Billion by 2030

The global central nervous system therapeutics market size is projected to grow from USD 120.64 billion in 2021 to USD 209.2 billion by 2030, at a CAGR of 6.3% from 2021 to 2030, According to Canada based company by Precedence Research. The report contains 150+ pages with detailed analysis.

The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2021 to 2030. The central nervous system therapeutics market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

The rising prevalence of various central nervous system diseases among the population such as Alzheimer’s disease, Parkinson’s disease, brain cancer, anxiety disorders, and epilepsy is a major factor that drives the demand for the central nervous system therapeutics. As per the Alzheimer’s Association, over 5million people are affected with the Alzheimer’s diseases and this number is projected to reach 14 million by 2050. It is estimated that around 300,000 people were diagnosed with brain cancer across the globe in 2018 around 240,000 people died in the same year due to it.

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Moreover, the rising awareness regarding the various central nervous system diseases is fueling the demand for the CNS therapeutics across the globe. The rising investments by the top market players to develop novel therapies and diagnostic tests is expected to significantly influence the market growth. Furthermore, the presence of strong pipeline therapeutics is fostering the sales of the CNS therapeutics, thereby driving the growth of the global central nervous system therapeutic market.

Report Highlights

• Based on the disease, the neurodegenerative diseases segment dominated the global central nervous system therapeutic market, garnering a market of around 40% in 2020. This is attributed to the increasing prevalence of diseases like Parkinson’s disease, Alzheimer’s disease, and multiple sclerosis. According to the Alzheimer’s Association, around 14 million people will be suffering from Alzheimer’s disease by 2050 across the globe. The growing geriatric population is increasing the risks of Parkinson’s disease and hence this segment is expected to sustain its significance throughout the forecast period.

Scope of the Central Nervous System Therapeutic Market

Market Dynamics

Driver

Rising prevalence of neurological disorders owing to the growing geriatric population

According to the Parkinson’s Foundation, the risks of getting Parkinson’s disease increases with age. Therefore the growing geriatric population across the globe is expected to fuel the growth of the global central nervous system therapeutic market. According to the United Nations, the global geriatric population is expected to reach at 2 billion by 2050 and around 80% of this population will be living in the low and middle income countries. Therefore, the developing countries presents a lucrative growth opportunity for the market players during the forecast period.

Restraint

Stringent regulations and time-consuming approval process

The research & developmental activities associated in the development of novel therapies for the central nervous system diseases is a costly and time consuming process. Therefore, the research results and clinical trials involves a lot of time. Moreover, the stringent government regulations regarding the therapies presents a challenge to the manufacturers. The high time-consuming process and huge costs involved may hamper the growth of the global central nervous system therapeutic market.

Opportunity

New product launches and approvals

The market players are investing heavily in the new product developments and seeking approvals from the concerned authorities. These new launches and may provide growth aspects to the players in the forthcoming future. For instance, in February 2020, Biogen and Sangamo Therapeutics entered into a deal of US$2.7 billion for developing a gene regulation therapy for the treatment of Alzheimer’s disease.

Challenge

Lack of adequate healthcare infrastructure

The developing and the underdeveloped countries suffers from the lack of adequate access to the basic healthcare facilities. This results in under treatment. Most of the patients remain undiagnosed and untreated. This is a major challenge for the market.

Regional Snapshot

North America accounted for more than 45% of the revenue share and dominated the global central nervous system therapeutic market in 2020. This is attributed to the growing geriatric population and rising prevalence of various CNS diseases. As per the Parkinson’s Foundation, about 60,000 people are diagnosed with Parkinson’s disease in US each year and around 1 million people are living with Parkinson’s disease in US.It is estimated that approximately 70,800 people are affected with brain cancer every year in the US, which causes 2.4% of the total cancer deaths in US. As per the GBD 2019, neurological diseases are the fourth major causes of death in US and third in Canada. The increased awareness regarding various central nervous system diseases among the population has fostered the demand for the CNS therapeutics in North America.

Asia Pacific is estimated to be the most opportunistic market during the forecast period. Asia Pacific is witness a surge in the number of patients affected with the central nervous system diseases such as dementia, anxiety disorders, Alzheimer’s disease, and Parkinson’s disease. The non-profit organizations are providing cost-free treatment for the CNS diseases and playing a crucial role in spreading the awareness about mental health. The emerging nations like China and India are foreseeing increased investments in the development of healthcare infrastructure. The improving access to advanced healthcare facilities and diagnostic tests are expected to fuel the growth of the Asia Pacific central nervous system therapeutic market.

Key Companies & Market Share Insights

The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers, novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the major players in the global central nervous system therapeutics market include:

• Biogen Inc.
• Otsuka Pharmaceutical Co. Ltd
• Eli Lilly and Company
• Merck & Co.
• AstraZeneca
• Takeda Pharmaceutical Company Limited
• Novartis AG
• Teva Pharmaceutical Industries Ltd.
• Johnson & Johnson Private Limited
• Pfizer Inc.
• GlaxoSmithKline PLC

Segments Covered in the Report

By Disease

• Neurovascular Diseases
• Mental Health
  • Anxiety Disorders
  • Mood Disorders
  • Epilepsy
  • Psychotic Disorders
  • Others
• Neurodegenerative Diseases
  • Parkinson’s Disease
  • Alzheimer’s Disease
  • Amyotrophic Lateral Sclerosis
  • Multiple Sclerosis
  • Huntington’s Disease
  • Others
• CNS Trauma
• CNS Cancer
• Infectious Diseases
• Others

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Malaysia
  • Philippines
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of the Middle East & Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Central Nervous System Therapeutic Market 

5.1. COVID-19 Landscape: Central Nervous System Therapeutic Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Central Nervous System Therapeutic Market, By Disease

8.1. Central Nervous System Therapeutic Market, by Disease Type, 2020-2027

8.1.1. Neurovascular Diseases

8.1.1.1. Market Revenue and Forecast (2016-2027)

8.1.2. Mental Health

8.1.2.1. Market Revenue and Forecast (2016-2027)

8.1.3. Neurodegenerative Diseases

8.1.3.1. Market Revenue and Forecast (2016-2027)

8.1.4. CNS Trauma

8.1.4.1. Market Revenue and Forecast (2016-2027)

8.1.5. CNS Cancer

8.1.5.1. Market Revenue and Forecast (2016-2027)

8.1.6. Infectious Diseases

8.1.6.1. Market Revenue and Forecast (2016-2027)

8.1.7. Others

8.1.7.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Central Nervous System Therapeutic Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Forecast, by Disease (2016-2027)

9.1.2. U.S.

9.1.3. Rest of North America

9.1.3.1. Market Revenue and Forecast, by Disease (2016-2027)

9.2. Europe

9.2.1. Market Revenue and Forecast, by Disease (2016-2027)

9.2.2. UK

9.2.2.1. Market Revenue and Forecast, by Disease (2016-2027)

9.2.3. France

9.2.3.1. Market Revenue and Forecast, by Disease (2016-2027)

9.2.4. Rest of Europe

9.2.4.1. Market Revenue and Forecast, by Disease (2016-2027)

9.3. APAC

9.3.1. Market Revenue and Forecast, by Disease (2016-2027)

9.3.2. India

9.3.2.1. Market Revenue and Forecast, by Disease (2016-2027)

9.3.3. China

9.3.3.1. Market Revenue and Forecast, by Disease (2016-2027)

9.3.4. Japan

9.3.4.1. Market Revenue and Forecast, by Disease (2016-2027)

9.3.5. Rest of APAC

9.3.5.1. Market Revenue and Forecast, by Disease (2016-2027)

9.4. MEA

9.4.1. Market Revenue and Forecast, by Disease (2016-2027)

9.4.2. GCC

9.4.2.1. Market Revenue and Forecast, by Disease (2016-2027)

9.4.3. North Africa

9.4.3.1. Market Revenue and Forecast, by Disease (2016-2027)

9.4.4. South Africa

9.4.4.1. Market Revenue and Forecast, by Disease (2016-2027)

9.4.5. Rest of MEA

9.4.5.1. Market Revenue and Forecast, by Disease (2016-2027)

9.5. Latin America

9.5.1. Market Revenue and Forecast, by Disease (2016-2027)

9.5.2. Brazil

9.5.2.1. Market Revenue and Forecast, by Disease (2016-2027)

9.5.3. Rest of LATAM

9.5.3.1. Market Revenue and Forecast, by Disease (2016-2027)

Chapter 10. Company Profiles

10.1. Biogen Inc.

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. Otsuka Pharmaceutical Co. Ltd

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. Eli Lilly and Company

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. Merck & Co.

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. AstraZeneca

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. Takeda Pharmaceutical Company Limited

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. Novartis AG

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. Teva Pharmaceutical Industries Ltd.

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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