Product Code: ETC6186108 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The neurodegenerative drugs market in Australia is a key segment of the healthcare industry, driven by the rise in age-related neurodegenerative conditions. Research into the molecular mechanisms of diseases like Alzheimer`s, Parkinson`s, and motor neuron disease has led to the development of various drugs that aim to slow or halt disease progression. This market is supported by strong pharmaceutical R&D investments and collaborations between biotech companies and academic institutions. The increasing need for effective treatments and personalized medicine options is a significant growth driver for this sector.
The neurodegenerative drugs market in Australia is seeing increased investment in the development of drugs that target both symptomatic relief and disease modification. Medications that can slow disease progression are gaining attention, particularly in Alzheimers and Parkinsons diseases. The use of biologic drugs, such as antibodies that target amyloid plaques or tau protein tangles, is one of the key trends in the drug market. Additionally, repurposing existing drugs for neurodegenerative disorders, as well as advancements in nanomedicine and gene therapy, are expected to influence the future of drug development in this area.
The Australian neurodegenerative drugs market is confronted with challenges such as the high cost of drugs, particularly for conditions like Alzheimer`s and Parkinson`s, which require long-term management. The slow approval process for new drugs by regulatory bodies also contributes to delays in access to potential treatments. Additionally, there is a lack of breakthrough drugs that can significantly alter the course of these diseases, which hampers market growth. The effectiveness of existing drugs is often limited, and their side effects can further deter patients from pursuing treatment.
The neurodegenerative drugs market presents lucrative opportunities for investment in both branded and generic formulations. Demand for cognitive enhancers and disease-slowing drugs is on the rise, providing space for development of next-generation neuroprotective agents. Biosimilar investments are also viable as patent cliffs approach for several key drugs.
The neurodegenerative drugs market in Australia is tightly regulated by the TGA, which assesses the safety, quality, and efficacy of drugs before they can be marketed. Government policies aim to support the development of new and more effective neurodegenerative drugs through funding and regulatory pathways. Pharmaceutical companies benefit from government incentives for research and development, while Medicare ensures access to approved drugs for individuals suffering from neurodegenerative diseases.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Neurodegenerative Drugs Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Neurodegenerative Drugs Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Neurodegenerative Drugs Market - Industry Life Cycle |
3.4 Australia Neurodegenerative Drugs Market - Porter's Five Forces |
3.5 Australia Neurodegenerative Drugs Market Revenues & Volume Share, By Drug Class, 2021 & 2031F |
3.6 Australia Neurodegenerative Drugs Market Revenues & Volume Share, By Indication, 2021 & 2031F |
3.7 Australia Neurodegenerative Drugs Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Australia Neurodegenerative Drugs Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Neurodegenerative Drugs Market Trends |
6 Australia Neurodegenerative Drugs Market, By Types |
6.1 Australia Neurodegenerative Drugs Market, By Drug Class |
6.1.1 Overview and Analysis |
6.1.2 Australia Neurodegenerative Drugs Market Revenues & Volume, By Drug Class, 2021- 2031F |
6.1.3 Australia Neurodegenerative Drugs Market Revenues & Volume, By Dopamine agonist, 2021- 2031F |
6.1.4 Australia Neurodegenerative Drugs Market Revenues & Volume, By Decarboxylase inhibitors, 2021- 2031F |
6.1.5 Australia Neurodegenerative Drugs Market Revenues & Volume, By Cholinesterase Inhibitors, 2021- 2031F |
6.1.6 Australia Neurodegenerative Drugs Market Revenues & Volume, By Immunomodulators, 2021- 2031F |
6.1.7 Australia Neurodegenerative Drugs Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Australia Neurodegenerative Drugs Market, By Indication |
6.2.1 Overview and Analysis |
6.2.2 Australia Neurodegenerative Drugs Market Revenues & Volume, By Parkinsons Disease, 2021- 2031F |
6.2.3 Australia Neurodegenerative Drugs Market Revenues & Volume, By Alzheimers Disease, 2021- 2031F |
6.2.4 Australia Neurodegenerative Drugs Market Revenues & Volume, By Multiple Sclerosis, 2021- 2031F |
6.2.5 Australia Neurodegenerative Drugs Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Australia Neurodegenerative Drugs Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Australia Neurodegenerative Drugs Market Revenues & Volume, By Hospital Pharmacies, 2021- 2031F |
6.3.3 Australia Neurodegenerative Drugs Market Revenues & Volume, By Online Providers, 2021- 2031F |
6.3.4 Australia Neurodegenerative Drugs Market Revenues & Volume, By Drug Stores and Retail Pharmacies, 2021- 2031F |
7 Australia Neurodegenerative Drugs Market Import-Export Trade Statistics |
7.1 Australia Neurodegenerative Drugs Market Export to Major Countries |
7.2 Australia Neurodegenerative Drugs Market Imports from Major Countries |
8 Australia Neurodegenerative Drugs Market Key Performance Indicators |
9 Australia Neurodegenerative Drugs Market - Opportunity Assessment |
9.1 Australia Neurodegenerative Drugs Market Opportunity Assessment, By Drug Class, 2021 & 2031F |
9.2 Australia Neurodegenerative Drugs Market Opportunity Assessment, By Indication, 2021 & 2031F |
9.3 Australia Neurodegenerative Drugs Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Australia Neurodegenerative Drugs Market - Competitive Landscape |
10.1 Australia Neurodegenerative Drugs Market Revenue Share, By Companies, 2024 |
10.2 Australia Neurodegenerative Drugs Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |