Pseudobulbar Treatment Market Analysis and Size
Pseudobulbar has a huge impact on people all across the world. Pseudobulbar influence (PBA) is a condition characterized by spontaneous, inappropriate snickering or sobbing. It is present in patients with multiple sclerosis (MS), severe cerebrum injury, and Alzheimer's disease.
As per the CDC, 5.8 million Americans will be living with Alzheimer's disease in 2020. Around 2 million people in the United States were affected by pseudobulbar influence in 2017. Pseudobulbar influence is primarily linked to neurological disorders, and approximately 30 percent to 35 percent of individuals suffer from sadness. Individuals with neurological difficulties have a higher prevalence of pseudobulbar impact, ranging from 5% to 50%.
Data Bridge Market Research analyses that the pseudobulbar treatment market was valued at USD 2.745 billion in 2021 and is expected to reach USD 5.5.9 billion by 2029, registering a CAGR of 9.30% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Pseudobulbar Treatment Market Dynamics
Drivers
· Increasing prevalence of pseudobulbar affect
The rising prevalence of pseudobulbar affect is estimated to enhance the pseudobulbar treatment market's growth. Stroke, multiple sclerosis (MS), Parkinson's disease, traumatic brain injury, amyotrophic lateral sclerosis (ALS), and Alzheimer's disease are the various neurological conditions which lead to the emergence of pseudobulbar affect. PBA develops when there is a lack of or loss of voluntary control over emotional responses. A lack of inhibitory or regulatory control over emotional expression is presumably caused by many brain regions along a cerebro-ponto-cerebellar axis. The loss or lack of control over emotional expression may result from disruption of neuronal (nerve) pathways from certain parts of the brain to the cerebellum. Serotonin, norepinephrine, dopamine, and glutamate, among other neurotransmitters, are hypothesized to play a role in PBA.
· Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of pseudobulbar treatment market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.
Furthermore, rising initiatives by public and private organizations to spread awareness and the surging geriatric population will expand the pseudobulbar treatment market. Additionally, increasing incidences of brain injuries and sedentary lifestyles of people such as high consumption of alcohol will result in the expansion of pseudobulbar treatment market.
Opportunities
· Increase in the number of research and development activities
Moreover, the market's growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the pseudobulbar treatment market growth. The global pseudobulbar therapy market is anticipated to be propelled by new strategies for developing medications with fewer adverse effects. Increased awareness of the disease state and clinical demands and a spike in the proportion of persons suffering from pseudobulbar affect are compelling manufacturers in the pseudobulbar treatment market to invest in the development of new medications that are effective in treating the condition.
Moreover, rising investment for the development of advanced technologies and an increase in the number of emerging markets will further provide beneficial opportunities for the growth of the pseudobulbar treatment market during the forecast period.
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Global Pseudobulbar Treatment Market Scope
The pseudobulbar treatment market is segmented on the basis of drug type, treatment type, dosage form, route of administration, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Drug Type
· Prescription Drugs
· Over-the-Counter Drugs
Treatment Type
· Medication
· Antidepressants
· Selective Serotonin Reuptake Inhibitors
· Tricyclic Antidepressants
· Nuedexta
· Others
· Occupational Therapy
· Others
Dosage form
· Tablets
· Injections
· Others
Route of Administration
· Oral
· Parenteral
· Others
End-Users
· Hospitals
· Specialty Clinics
· Homecare
· Others
Distribution Channel
· Hospital Pharmacy
· Retail Pharmacy
· Online Pharmacy
· Others
Some of the major players operating in the pseudobulbar treatment market are:
· F. Hoffmann-La Roche Ltd. (Switzerland)
· Mylan N.V. (U.S.)
· Teva Pharmaceutical Industries Ltd.(Israel)
· Sanofi (France)
· Pfizer Inc. (U.S.)
· GlaxoSmithKline plc (U.K.)
· Novartis AG (Switzerland)
· Zydus Cadila (India)
· Boehringer Ingelheim International GmbH. (Germany)
· AstraZeneca (U.K.)
· Johnson & Johnson Private Limited (U.S.)
· Bayer AG (Germany)
· Sun Pharmaceutical Industries Ltd. (India)
· Eli Lilly and Company (U.S.)
· Merck & Co., Inc. (U.S.)
· Allergan (Ireland)
· Dr. Reddy's Laboratories Ltd. (India)
· Lupin (India)
· Abbott (U.S.)
· AbbVie Inc. (U.S.)
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