The Business Research Company’s latest report Central Nervous System Drugs Global Market Report 2020 covers Central Nervous System Drugs market drivers, Central Nervous System Drugs market trends, Central Nervous System Drugs market segments, Central Nervous System Drugs market growth rate, Central Nervous System Drugs market major players, and Central Nervous System Drugs market size. The report provides in-depth analysis of the impact of COVID-19 on the Central Nervous System Drugs industry, along with revised market numbers due to the effects of the coronavirus.
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Central Nervous System Drugs Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global central nervous system drugs market is expected to grow from $123.4 billion in 2019 to $136.7 billion in 2020 at a compound annual growth rate (CAGR) of 10.8%. This growth is mainly due to the COVID-19 outbreak and the neuro invasive nature of the virus. The CNS is more prone to the viral infection. The virus affects the senses of smell and taste and therefore it is important to curb the interaction between the viral protein and the human receptor, and this factor is driving the demand for CNS drugs. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $160.4 billion in 2023.
The report covers the Central Nervous System Drugs market’s segments-
1) By Type: Analgesics, Anti-Parkinson Drugs, Anesthetics, Anti-Epileptics, Other CNS Drugs.
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies/ Drug Stores, Others.
3) By Route Of Administration: Oral, Parenteral, Others.
4) By Drug Classification: Branded Drugs, Generic Drugs.
5) By Mode Of Purchase: Prescription-Based Drugs, Over-The-Counter Drugs.
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