Egypts Parkinsons Disease drugs market size stood at USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.
Parkinsons disease is the combination of progressive, degenerative neurological motor disorder, mainly affecting the dopaminergic cells of the brain. Tremor, rigidity, bradykinesia, and postural volatility are some of the common symptoms of Parkinsons disease.
Presently, only symptomatic drug treatments are available in the market. Moreover, these symptoms are diagnosed at later stages when most of the dopamine-producing cells have lost their function. This scenario indicates an impending need for innovative drugs. Overall, the drug market has witnessed tremendous growth due to rising cases.
The overall prevalence of Parkinsons disease is high in the Nile valley governorates of Upper Egypt compared to other Arabic countries.
Market Drivers
The high growth in the aging population and the coupled increase in the prevalence of Parkinsons disease are amongst the important factors intensifying the growth and demand of the Parkinsons disease treatment market.Egypts geriatric population will constitute about 7% percent of its population by 2030.
Further, the research funding for the disease too has increased, propelling the growth for the treatment market of Parkinsons.
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