The global rare neurological disease treatment market, based on drug type, was segmented as organic compounds, and biologics. The biologics segment held the largest share of the market in 2019 and the same segment is anticipated to register the highest CAGR during the forecast period. Biologic segment offers novel therapies that provides innovative treatment options for patients. Also, biologics have shown positive results in the treatment of diseases such as Alzheimer's disease, multiple sclerosis, amyotrophic lateral sclerosis, Parkinson's disease. For instance, L-DOPA treatment is considered as a standard of care for patients, and it assists in managing the common motor symptoms, including tremors and dyskinesia in the patients of Parkinson's disease.

Biologics segment is expected to drive the growth of the global Rare Neurological Disease Treatment Market by Solution

According to a new market research study of ‘Rare Neurological Disease Treatment Market to 2027 – Global Analysis and Forecasts by Indication, Drug Type, Distribution Channel, and Mode of Administration.’ The global Rare Neurological Disease Treatment Market is expected to reach US$ 13,830.96 Mn in 2027 from US$ 7,300.12 Mn in 2019. The market is estimated to grow with a CAGR of 8.5% from 2020-2027. The report provides trends prevailing in the global rare neurological disease treatment market and the factors driving market along with those that act as hindrances.

Johnson & Johnson Services, Inc, Novartis AG. - Notable Market Players in Rare Neurological Disease Treatment Market

Neurological diseases having less diagnostics and treatment options affecting small number of population is termed as rare neurological diseases. These diseases target the nervous system, which include the brain, spinal cord, and all the nerves that run throughout the human body. Amyotrophic lateral sclerosis (ALS), Duchenne muscular dystrophy, Huntington's disease are few examples of rare neurological conditions.

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Leading companies operating in the Rare Neurological Disease Treatment Market are Allergan plc, Bayer AG, GlaxoSmithKline plc, Johnson & Johnson Services, Inc, Merck & Co., Inc., Novartis AG, Pfizer Inc., Sanofi, Teva Pharmaceutical Industries Ltd and Takeda Pharmaceutical Company Limited, among others. 

The frequency of neurological disorders has increased significantly across the world. These disorders are estimated to affect over a billion population worldwide, according to the World Health Organization in 2016. Neurological disorders are commonly found among population, irrespective of the age groups, and geographic region. In the recent years, various measures have been implemented to generate awareness and educate the population regarding rare neurological diseases, which is facilitating patients to access the suitable medications and treatments for these conditions. According to National Center for Biotechnology Information 2017, clinician and public awareness of various neurological disorders with the intent of increasing rates of recognition and treatment.

Along with an increasing awareness of neurological conditions, the healthcare industry has been experiencing rapid transformation during recent years. Various countries across the world have favored advanced technologies in healthcare. The increasing awareness among patients and developing healthcare infrastructure are likely to offer significant opportunity for the growth of the market.

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