Central Nervous System (CNS) Therapeutics Market, by Disease (Neurovascular Diseases, Trauma, Mental Health, Degenerative Disease, Infectious Diseases, Cancer, and Others), Drug Class (Analgesics, Antidepressants, Anaesthetics, Anti-Parkinson Drugs, Anti-Epileptics, and Other Drug Classes), Distribution Channel (Hospital-based Pharmacies, Retail-based Pharmacies, and Online Pharmacies), Age Group (Paediatric, Adult, Geriatric), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
The Central Nervous System (CNS) Therapeutics market size was estimated at USD 104.70 billion in 2023 and is projected to reach USD 159.84 billion in 2030 at a CAGR of 6.23% during the forecast period 2023-2030.
Central Nervous System (CNS) therapeutics are drugs that are used to treat diseases of the brain and spinal cord. They are a broad class of drugs that include many different types, each with its own specific mechanism of action. The CNS includes the brain and spinal cord and plays a crucial role in controlling various bodily functions and behaviours. CNS therapeutics are used to treat a wide range of neurological and psychiatric conditions. Some common CNS therapeutics include antidepressants, which are used to treat depression and certain anxiety disorders, anti-epileptics, which are used to control seizures and are essential in the treatment of epilepsy, antipsychotics, which are used to manage psychotic disorders like schizophrenia and bipolar disorders, etc. CNS therapeutics play a crucial role in improving the quality of individuals with various neurological and psychiatric conditions.
The CNS Therapeutics market can be segmented based on disease into neurovascular diseases, trauma, mental health, degenerative disease, infectious diseases, cancer, and others. On the basis of drug class, the market is bifurcated into analgesics, antidepressants, anaesthetics, anti-parkinson drugs, anti-epileptics, and other drug classes. Based on distribution channel, the market is bifurcated into hospital-based pharmacies, retail-based pharmacies and online pharmacies. Based on age group, the market is segmented into paediatric, adult, geriatric, and lastly, based on region, its segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America. The CNS therapeutics market is a dynamic and growing market. The market is expected to continue to grow in the forecast period due to increasing prevalence of CNS diseases, rising demand for effective treatments and the development of new and innovative CNS therapeutics.
The degenerative disease is expected to dominate the market in this segment. This growth can be attributed to the increasing prevalence of Alzheimer's disease, Parkinson's disease, and multiple sclerosis. In addition to this, the rise in drug development pipeline, and the potential of this segment open opportunities for clinical studies, product launches, and strategic collaborations is further expected to drive the market during the forecast period.
COVID-19 Pandemic had a considerable impact on the CNS therapeutics market. As the COVID-19 cases increased worldwide, healthcare services diverted all resources toward patients suffering from COVID-19 disease. However, it was noted that COVID-19, though severely affected the respiratory system, had effects on central and peripheral systems. Moreover, clinical trials on the repurposing of anti-depressants for COVID-19 had increased during the pandemic phase and this had a significant impact on the CNS therapeutics market.
The CNS therapeutics market is expected to grow during the forecast period. This growth can be attributed to factors such as increased prevalence of CNS diseases due to factors such as aging population, increasing environmental pollution and changing lifestyle. Moreover, the rising demand for effective treatment for CNS diseases is also rising. This is due to the increasing awareness about the availability of effective treatments and the increasing willingness of patients to pay for these treatments. In addition to this, there is a growing focus on the development of new and innovative CNS therapeutics. This is due to the increasing understanding of the molecular basis of CNS diseases.
North America to Dominate the Market