Press Release

Parkinson’s Disease Drugs Market 2019 | Industry Outlook, Comprehensive Insights, Growth Analysis, Segmentation Projection till 2026

Parkinson’s Disease Drugs Market to Reach US$ 8,383.2 by 2026, Clinical Approvals for Encapsulated Drugs to Give Impetus, says Fortune Business Insights

PARKINSON'S DISEASE DRUGS MARKETThe Global Parkinson’s Disease Drugs Market is likely to grow in the coming years due to the growing emphasis on the treatment of Parkinson’s disease. According to a report published by Fortune Business Insights, titled “Parkinson’s Disease Drugs: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 4,500.0 Mn in 2018. Fortune Business Insights states that the market will reach US$ 8,383.2 Mn by 2026, thereby exhibiting a CAGR of 8.1%.

Get Sample PDF [email protected] https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/parkinson-s-disease-drugs-market-100655

Some of the leading companies that are operating in the global Parkinson’s Disease Drugs Market are

  • Pfizer
  • Roche
  • Merck
  • Novartis
  • Orion Pharma
  • UCB
  • Teva Pharmaceutical
  • Vertical Pharmaceuticals
  • ACADIA Pharmaceuticals Inc.
  • Impax Laboratories
  • Lundbeck

FDA Clears ‘Rytary’ capsule

In 2015, Impax Pharmaceuticals announced that it has received approval from the FDA for the clinical use of Rytary. This drug was a formulation of carbidopa and levodopa and has recorded excellent clinical results for the treatment of Parkinson’s disease. The company announced that it has manufactured oral capsules with the combination of carbidopa and levodopa.

Browse Complete Report [email protected] https://www.fortunebusinessinsights.com/industry-reports/parkinson-s-disease-drugs-market-100655

The company states that the Rytary capsule can help reduce the time needed for the treatment of Parkinson’s disease. The oral form of drug delivery eliminates the need for an invasive method. This, in turn, is likely to affect the demand for Rytary capsules positively. Increasing demand for Rytary will have a positive impact on the global market and is likely to favor the growth of the market in the coming years.

Key Segmentation:

By Drug Class

  • Decarboxylase Inhibitors
  • Dopamine Agonists
  • Monoamine Oxidase Type B (MAO-B) Inhibitor
  • Catechol-O-Methyltransferase (COMT) Inhibitors

By Route of Administration

  • Oral
  • Injection
  • Transdermal

Order Full [email protected] https://www.fortunebusinessinsights.com/checkout-page/100655

By Distribution Channels

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

FDA Approves Two New Drugs for Treatment of Parkinson’s Disease

Increasing usage approvals are contributing to the growth of the global Parkinson’s disease drugs market. The Food and Drug Administration recently cleared two new drugs for the treatment of Parkinson’s disease. The drug approvals for Rytary and Duopa will emerge as breakthroughs in the healthcare industry.

AbbVie gets FDA Nod for Orphan Drug ‘Duopa’

The report includes an in-depth analysis of various drug approvals and their effect on the global market. In addition to the clearance for Rytary, the FDA approved another drug in the same year which was also associated with the treatment of Parkinson’s disease. ‘AbbVie’, a pharmaceutical company, announced that it had received approval for the commercialization of its ‘Duopa’.

The duopa can be used for treating fluctuations in patients diagnosed with advanced Parkinson’s disease. The Duopa was classified as an orphan drug as it is used to treat a rare disease that is affecting fewer than 200,000 people in the United States.

Fortune Business Insights has predicted that the aforementioned drug approvals may have a direct impact on the vendor scale. Competitors are likely to be encouraged by the approvals for Parkinson’s disease drugs. This, in turn, is likely to favor growth of the global market in the coming years.

More Trending Topics from Fortune Business Insights:

Spirometers Market 2019: Expansion of Healthcare Infrastructure, Industry Growth, Analysis by Top Players Forecast till 2026

Capsule Endoscopy Market Technology Advancements, Worldwide Report, Industry Outlook, Growth, Size, Share, Forecast till 2026

Contrast Media Market by Top 10 Key International Players, Growth Opportunities, Regional Analysis, Growth Factor Forecast till 2026

Tags

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close