November 06, 2019
According to the latest study titled ‘Global Central Nervous System Therapeutic Market : Analysis By Disease (Cancer, Neurovascular, Degenerative disorder, Mental Health, Trauma and Infection), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (North America, Europe, APAC, ROW), By Country (US, Canada, UK, Germany, China, Japan, India, Brazil)’ available with Market Study Report LLC, the global central nervous system therapeutic market is estimated to grow with a CAGR of 6.80% through 2024.
When the body is affected by central nervous system diseases, the brain resists functioning normally. Symptoms such as slurred speech, pain in arms and legs, loss of memory, paralysis and many more different signs and symptoms start prevailing in the body. Factors such as an increase in awareness of mental health and depression in tandem with social acceptance of mentally ill patients are driving the growth of the central nervous system therapeutic market. Also, the increasing geriatric population tends to trigger the rise in patients affected by such diseases.
Furthermore, advancements in drug discovery techniques are also propelling the growth of central nervous system therapeutic market. The study encompasses details about segmental shares as well as growth opportunities, alongside the challenges, drivers, trends, and restraints impacting the market growth.
Base on disease, the central nervous system therapeutic market is segmented into neurovascular, cancer, mental health, infection, trauma, and degenerative disorder. Considering the geographical landscape, the industry is fragmented into four major regions, namely, Europe, North America, APAC and rest of the world, with key focus on countries, like, Canada, US, UK, China, Brazil, Germany, India, and Japan.
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APAC registered the largest share in the central nervous system therapeutic market in 2018, claims the report. The growth can be credited to the rising incidences of chronic ailments and neurodegenerative diseases in the region in tandem with the increasing healthcare expenditure.
Some of the vendors that operate in central nervous system therapeutic market are Pfizer, Biogen, Novartis, Teva Pharmaceuticals, Shire, Johnson & Johnson, AstraZeneca, Merc & Co, Eli Lilly, and Otsuka Pharmaceutical.
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