Amnestic Disorders Therapeutics Market to Observe Strong Development by 2027

Global Amnestic Disorders Therapeutics Market: Snapshot

Amnestic disorders are caused by numerous reasons such as external damage to the head, trauma, substance overuse, and as a precursor to severe degenerative brain disorders like dementia and Alzheimer’s disease. Increasing instances of cerebrovascular disorders across the globe along with rising awareness regarding benefits as well as availability of high diagnostics and treatment options is anticipated to motivate the expansion of global amnestic disorders therapeutics market. However, dearth of skilled professional required to undertake the treatment or therapeutic application of amnestic disorders and huge costs associated with the treatment can impede the growth of global amnestic disorders therapeutics market in coming years. Rise in the instances of air, rail, water, and road accidents that increase the risk of various head injuries, along with increasing geriatric population may fuel the demand in global amnestic disorders therapeutics market in years to come.

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Key motivators for the global amnestic disorders therapeutics market include favorable reimbursement scenario in multiple developed as well as developing economies, increase in the number of highly sophisticated and well-developed healthcare infrastructure in developed countries, increase in the disposable income, and higher rate of efficient diagnosis. Rising investments by various pharmaceutical players and research institutions for drug discovery, designing, manufacturing and required research and development activities is also expected to positively influence the future trajectory of the global amnestic disorders therapeutics market.

Global Amnestic Disorders Therapeutics Market: Overview

Amnestic disorders or amnestic syndrome is a severe medical conditions wherein the patient loses their ability to memorize or remember data such as facts, information, experiences, and people. These disorders are caused by various reasons ranging from external damage to the head, trauma, substance overuse, and as a precursor to severe degenerative brain disorders like dementia and Alzheimer’s disease. Increasing instances of cerebrovascular disorders across the globe along with rising awareness regarding benefits as well as availability of high diagnostics and treatment options is anticipated to motivate the expansion of global amnestic disorders therapeutics market. However, lack of skilled professional required to undertake the treatment or therapeutic application of amnestic disorders and high cost associated with the treatment can impede the growth of global amnestic disorders therapeutics market in coming years. Rise in the instances of air, rail, water, and road accidents that increase the risk of various head injuries, along with increasing geriatric population may fuel the demand in global amnestic disorders therapeutics market in years to come.

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Key drivers for the global amnestic disorders therapeutics market include favorable reimbursement scenario in multiple developed as well as developing economies, increase in the number of highly sophisticated and well-developed healthcare infrastructure in developed countries, increase in the disposable income, and higher rate of efficient diagnosis. Rising investments by various pharmaceutical players and research institutions for drug discovery, designing, manufacturing and required research and development activities is also expected to positively influence the future trajectory of the global amnestic disorders therapeutics market.

The group of disorders that involves loss of previously established memories, loss of ability to generate new memories or loss of ability to learn new information. The amnestic disorders may occur due to general medical conditions that results in memory disturbances and exposure to certain chemicals like medications, drug of abuse or environmental toxin. Amnestic disorders are caused by chemical or structural damage to the parts of brain.

Structural damage to the parts of brain can be caused due to head injury or trauma, stroke, tumors or cerebrovascular diseases. Chemical changes in the brain can be a result of long-term heavy drug use, excessive intake of alcohol, exposure to toxins such as mercury, lead, carbon monoxide, and certain insecticides. There are main three types of amnesia namely anterograde amnesia, retrograde amnesia and transient global amnesia. Anterograde amnesia is the form of amnesia which occurs due to brain trauma and is characterized by the inability to remember new information. In anterograde amnesia, victims can recall memories and events prior to trauma, however recent experiences and short-term memory disappear.

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In retrograde amnesia, the memories after the trauma can be recalled but events before the trauma can’t be remembered. In the third form of amnesia i.e. the transient global amnesia, victim experiences sudden forgetfulness and confusions. There is no identifiable cause for transient global amnesia, but researchers have found that migraines or transient ischemic attacks may trigger this. Transient global amnesia usually has an excellent prognosis for recovery.

Amnestic Disorders Therapeutics Market – Competitive Landscape

The global amnestic disorders therapeutics market comprises of large and mid-size vendors. Key players in amnestic disorders therapeutics market include Allergan plc, Troikaa Pharmaceuticals Ltd., Zydus Cadila, Neon Laboratories Limited, Johnson & Johnson, Janssen Pharmaceuticals, Novartis International AG and Merz Pharma GmbH & Co. KGaA,

Novartis AG

Novartis AG is a global healthcare company that develops and provides solutions to the changing needs of patients, worldwide. The company was established in 1996 through a merger of Ciba-Geigy and Sandoz. Presently, it operates through three primary areas: innovative patented medicines (pharmaceuticals), eye care devices (Alcon), and generics (Sandoz). Its innovative medicines segment has two business units: Novartis Pharmaceuticals and Novartis Oncology. Novartis Pharmaceuticals operates multiple categories including neuroscience.

Allergan plc

Allergan plc. engages in the development, manufacture, and commercialization of branded pharmaceuticals, devices, and biologic products. The company’s products cater to diverse therapy areas including central nervous system, ophthalmology, medical aesthetics, gastroenterology, women health, urology, cardiovascular, and anti-infectives.

Merz Pharma GmbH & Co. KGaA

Merz Pharma engages in the development, research, and sale of innovative medical drugs and products for neurological and clinical dermatological purposes. The company operates in the market through its aesthetics and neurotoxins products, which are driving the company towards innovation and strategic acquisitions.

Rising Prevalence of Amnesia will fuel the Amnestic Disorders Therapeutics Market

The global amnestic disorders therapeutics market is subjected to grow during the forecast period. The overall incidence of the amnestic disorders is increasing across the world. According to an article published by National Center for Biotechnology Information, the incidence rate of transient global amnesia (TGA) is around 5.2-10/100,000 per year in the general population. In individuals aged 50 and above, the incidence rate increases to 23.5 to 32/100,000 per year. Majority of the cases have been reported in patients aged 50 to 80 years old.

The global population is aging rapidly. Increasing geriatric population has been the main driver of the amnestic disorders therapeutics market.  According to the WHO, nearly 2 billion people are expected to be aged 60 and above by 2050, accounting for nearly 16.7% of the global population. The population in developed countries such as those in Western Europe, Japan, and the U.S. is aging at a high rate. Some reasons behind it are better health care infrastructure and adoption of advanced medical techniques.

High Diagnosis Rate and Rising Disposable Income to boost the Amnestic Disorders Therapeutics Market

Access to various diagnostic and treatment services has improved in developed as well as developing economies in the past few years. This, in turn, has increased the life expectancy of the overall population. North America is expected to account for the highest share of the amnestic disorders therapeutics market in terms of revenue followed by Europe. These two regions are expected to retain their leadership positions throughout the forecast period.

The superiority of these two regions is majorly due to high diagnosis rate, high disposable income, favorable reimbursement scenario, presence of a large number of hospitals and well developed healthcare infrastructure. China and India are the major markets in Asia Pacific that offer large opportunities for the amnestic disorders therapeutics market.  The amnestic disorders therapeutics market in Asia Pacific is projected to expand at the highest CAGR compared to other regions. Expanding health care infrastructure, rising disposable income, and increasing geriatric population are some of the factors that are expected to play a key role in making Asia Pacific the most attractive market.

 

 

Publicado en Health en junio 23 at 06:50
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