Neurodegenerative market to be worth $45 billion by 2022
Neurodegenerative disorders including Alzheimer’s, Parkinson’s, Huntington’s, amyotrophic lateral sclerosis (ALS) and multiple sclerosis (MS) form a lucrative worldwide market which is projected to rise in value to be worth $45 billion by 2022, up from $27.2 billion last year, according to new data form GBI Research.
The primary driving factor given for this growth is the expected approval of a number of pipeline products between 2018 and 2022 such as Roche’s ocrelizumab, which is expected to pull the company ahead of its rivals in the space.
“There is a large pharmaceutical pipeline for neurodegenerative disorders, consisting of approximately 1494 products in active development,” GBI Research analyst Qaisrah Khalid explained: “The majority of pipeline products are novel active pharmaceutical ingredients, with only a small proportion of products being either generics, or repositioned from other indications – most of which are at Phase I. This indicates progress in terms of different molecules being developed as therapeutic agents within the neurodegenerative pipeline.”
Khalid continued: “The revenue for the highest-selling product within the MS market – Copaxone (glatiramer acetate), marketed by Teva – is expected to decrease substantially following its 2014 patent expiry, from just over $4 billion in 2015 to $2.5 billion by 2022, owing to competition from generics, such as Glatopa. Declining revenues from this and other drugs will lead to a significant drop in the neurodegenerative disorder market share for Teva.”
Biogen, Novartis and Sanofi are expected to maintain their hold on the market despite impending patent expiries, the report added.