The South Africa Central Nervous System (CNS) Therapeutic Market is growing along with the Pharmaceuticals industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
The South Africa Central Nervous System (CNS) Therapeutic market is expected to reach US$ 3,686.91 Mn in 2027 from US$ 2,267.59 Mn in 2018. The market is estimated to grow with a CAGR of 5.6% from 2019-2027 from 2019-2027.
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Rising prevalence of CNS diseases such as malnutrition, malaria, the human immunodeficiency virus & the acquired immune deficiency syndrome (HIV/AIDS), and demographic transitions are expected to surge the market growth. However, high cost of treatment is likely to have a negative impact on the growth of the market in the coming years.
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Neurological disorders are very prevalent in Sub-Saharan Africa. The factors responsible for the growing burden include difficult perinatal situations, malnutrition, malaria, the human immunodeficiency virus & the acquired immune deficiency syndrome (HIV/AIDS), and demographic transitions. The primary neurological disorders include mental retardation, cerebral palsy, developmental disorders, epilepsy, peripheral neuropathy, stroke, trauma, and alcohol abuse. According to South African Pharmaceutical Journal in 2016, an estimated 818, 106 people are getting dementia per year, presently affecting more than 4 million people. The number is anticipated to be more than 14 million by 2050.
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South Africa Central Nervous System (CNS) Therapeutic – MARKET SEGMENTATION
By Disease Type
- Neurovascular Diseases
- Degenerative Disorders
- Mental Health
By Drug Type
- Nervous System Drugs
- Anti-Parkinson Drugs
By Distribution Channel
- Hospitals Pharmacies
- Retail Pharmacies
- Eli Lilly and company
- Pfizer Inc.
- Merck & Co., Inc.
- Novartis AG
- Takeda Pharmaceutical Company Limited
- Teva Pharmaceutical Industries Ltd.
- Adcock Ingram
- Lupin Limited
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