Number of pages: 100 | Report Format: PDF | Published date: December 06, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
US$ 87.23 billion |
Revenue forecast in 2030 |
US$ 191.01 billion |
Growth Rate |
CAGR of 9.10% from 2022 to 2030 |
Base year for estimation |
2021 |
Forecast period |
2022-2030 |
Segments covered |
Disease Type, Drug Class, Distribution Channel, and Region. |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global central nervous system treatment market was pegged at US$ 87.23 billion in 2021 and is expected to witness a CAGR of 9.10% during the forecast period from 2022 to 2030.
Market Fundamentals
The central nervous system (CNS) is the largest part of the nervous system consisting primarily of the brain and spinal cord. CNS diseases are diverse, occurring at every life stage with varying severity. It consists of a broad range of conditions ranging from pain & addiction to neurodegeneration & mood disorders. There are many different types of agents that have an effect on the CNS, including anesthetics, anticonvulsants, antiparkinsonian agents, CNS stimulants, muscle relaxants, narcotic analgesics, nonnarcotic analgesics, and sedatives.
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Market Dynamics
The global central nervous system treatment market is mainly driven by the increasing prevalence of neurological disorders, and a growing geriatric population that is more vulnerable to central nervous diseases. Additionally, increasing investment in the research and development of novel drugs, rising clinical trials for central nervous drugs, and a growing number of regulatory-approved drugs is boosting the global central nervous system treatment market. Moreover, increasing pipeline drugs, the introduction of novel diagnostic technologies, and promising pipeline drugs are fueling the global central nervous system market. However, high spending and investments in research and development are restraining the global central nervous system market growth.
Market Ecosystem
The global central nervous system treatment market has been analyzed from four perspectives: disease type, drug class, distribution channel, and region.
Central Nervous System Treatment Market by Diseases Type
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Based on diseases type, the global central nervous system treatment market has been segmented into neurovascular diseases (hemorrhagic stroke, ischemic stroke, and others), neurodegenerative diseases (degenerative diseases, Alzheimer’s disease, Parkinson’s disease, and others), mental health, CNS Trauma, and others. Neurodegenerative diseases lead the global central nervous system treatment market owing to the increasing prevalence of neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease, and spine degenerative diseases. Additionally, the growing geriatric population and increasing mental health cases due to changes in lifestyle, stress, and anxiety are contributing to the growth of the neurodegenerative diseases segment. In June 2022, the World Health Organization stated that more people worldwide are becoming disabled and dying from Parkinson's disease (PD), than from any other neurological condition. In the last 25 years, the prevalence of Parkinson’s disease has doubled. According to the World Health Organization, in 2019 there were over 8.5 million people worldwide with Parkinson’s disease. Parkinson's disease caused 329,000 deaths in 2019, an increase of over 100% since 2000, and 5.8 million disability-adjusted life years, an increase of 81% since 2000.
Central Nervous System Treatment Market by Drug Class
Based on drug class, the global central nervous system treatment market is segmented into antidepressants, analgesics, anesthetics, anticonvulsants & antiseizure, anti-parkinsonian agents, anxiolytics & sedatives, CNS stimulants, and others. The antidepressants segment is leading the global central nervous system treatment market owing to high efficacy & therapeutic effects and growing demand for antidepressant drugs for treating CNS diseases. Additionally, promising pipeline drugs and increasing research & development for antidepressant drugs are contributing to the growth of the antidepressants segment.
Central Nervous System Treatment Market by Distribution Channel
Based on distribution channel, the global central nervous system treatment market has been segmented into hospital pharmacy, retail pharmacy, and online pharmacy. The hospital pharmacy segment is leading the global central nervous system treatment market owing to the increasing prevalence of neurological diseases, increasing patient footfall for diagnosis & treatment, and increasing adoption of treatment technologies in hospitals.
Central Nervous System Treatment Market by Region
Based on region, the global central nervous system treatment market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the global central nervous system treatment market in terms of revenue share. The prominence of North America in the global market can be attributed to the increasing adoption of novel treatments, and the high prevalence of neurological disorders such as Parkinson's disease, Alzheimer’s disease, and others. Additionally, favorable reimbursement policies, developed infrastructure, and technological advancement are also driving the North America central nervous system treatment market. Whereas, Asia Pacific is expected to show the highest growth during the forecast period owing to the rapidly growing patient pool and developing healthcare infrastructure.
Competitive Landscape
Some prominent players operating in the global central nervous system treatment market are
Strategic Developments
North America and Asia Pacific are the key growth regions in the global central nervous system treatment market.
The increasing prevalence of neurological disease, increasing investment in research & development, and the growing geriatric population are driving the growth of the global central nervous system treatment market.
The expected CAGR for the global central nervous system treatment market is 9.1% during the forecast period from 2022 to 2030.
The estimated market size of the global central nervous system treatment market is US$ 191.02 billion in 2030.
AstraZeneca Plc, Biogen Inc., Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Johnson & Johnson Inc., Novartis AG, Otsuka Pharmaceutical Co. Ltd, Pfizer Inc., Shire plc, Sanofi SA, Merck KGaA and Teva Pharmaceutical Industries Ltd. among others.
*Insights on financial performance are subject to the availability of information in the public domain