Kenneth Research recently added a report on Frontotemporal Disorders Treatment Industry Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Frontotemporal Disorders Treatment Industry Market along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country’s goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
Healthcare Companies and Private Service Providers to have a minimal damage Caused by Inflation:
As US govt. remains committed to quality by spending more in the Medicaid and Medicare programs, incentives by govt. to medical devices, pharma companies and biotech to benefit the market players in short and long term goals. In 2021, U.S. spent $12,318/person on healthcare- highest amongst all OECD countries followed by Germany at $7,383. The federal government commitment towards healthcare systems to enable market players expanding their revenues and mitigating the risk posed by the inflation.
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“The research-based frontotemporal disease treatment market is expected to grow at a compound annual growth rate of nearly 8% during the forecast period 2022-2031. And non-governmental organizations. The increasing prevalence of target diseases and the increasing number of elderly people suffering from these diseases are expected to promote market growth.
According to the World Health Organization, approximately 50 million people suffer from dementia, and there are approximately 10 million new cases each year, which is expected to drive the growth of the industry. Promote the development of this industry. Several organizations participating in this event include the National Institutes of Health (NIH), Alzheimer’s Association, and the National Institute on Aging. In 2019, the National Institutes of Health spent approximately $387 million on Alzheimer;s disease-related dementia (ADRD) research projects. These measures are expected to provide growth opportunities for this market. However, the lack of awareness of target diseases in developing countries may limit the market.
Main market trends:
Antidepressants show profitable opportunities in the global frontotemporal disorder treatment market Antidepressants are used to treat major depression and other diseases, such as dysthymia, anxiety, obsessive-compulsive disorder (OCD), diet Disorders, chronic pain, neuropathy. Pain, etc. In October 2018, Lingbei launched Brintellix tablets in India for the treatment of major depression.
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Similarly, in April 2019, Lupin launched fluoxetine antidepressant pills in the US market. The tablet is suitable for the treatment of severe depression and obsessive-compulsive disorder. Therefore, due to the increase in the number of patients and the recent product launches, the global market is expected to experience rapid growth during the forecast period.
North America dominates the global frontotemporal lobe disease treatment market:
As developed countries (such as the United States) have advanced healthcare facilities and infrastructure, North America is driven by high purchasing power of expensive drugs, policy reimbursements, and increase in the number of patients with estimated revenue dominating. Factors According to data from the National Institute of Neurological Diseases and Stroke, Alzheimer’s disease alone, as a type of dementia, affects more than 5 million people in the United States. As the population ages, this disease will increase.
This helps supplement regional growth. Due to the increase in disposable income levels, the Asia-Pacific region is expected to achieve the fastest growth during the forecast period. In addition, due to the growing base of the elderly population and the weakened immune system, the high prevalence of target diseases is attributed to the growth of the industry.
The frontotemporal lobe disease treatment market competes with some major players. Apotex Inc., AstraZeneca plc., Auro Pharma, Johnson & Johnson, Mylan N.V., Pfizer Inc., Sanofi S.A., Teva Pharmaceuticals USA, Inc. and other companies have a considerable market share in the market. In the next few years, other players are expected to enter the market.
Johnson & Johnson
Teva Pharmaceuticals USA, Inc.”
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