Australia Central Nervous System Therapeutic Market Size & Outlook
Australia central nervous system therapeutic market, 2018-2028 (US$M)
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Australia central nervous system therapeutic market highlights
- The Australia central nervous system therapeutic market generated a revenue of USD 2,145.2 million in 2020 and is expected to reach USD 3,755.1 million by 2028.
- The Australia market is expected to grow at a CAGR of 7.2% from 2021 to 2028.
- In terms of segment, mental health was the largest revenue generating disease in 2020.
- Neurodegenerative Diseases is the most lucrative disease segment registering the fastest growth during the forecast period.
Central nervous system therapeutic market data book summary
| Market revenue in 2020 | USD 2,145.2 million |
| Market revenue in 2028 | USD 3,755.1 million |
| Growth rate | 7.2% (CAGR from 2020 to 2028) |
| Largest segment | Mental health |
| Fastest growing segment | Neurodegenerative Diseases |
| Historical data | 2018 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Neurovascular Diseases, CNS Trauma, Mental Health, Neurodegenerative Diseases, Infectious Diseases, CNS Cancer |
| Key market players worldwide | Biogen Inc, Otsuka Pharmaceutical, Eli Lilly and Co, Merck & Co Inc, AstraZeneca PLC, Novartis AG ADR, Teva Pharmaceutical Industries Ltd, Johnson & Johnson, Pfizer Inc |
Other key industry trends
- In terms of revenue, Australia accounted for 2.0% of the global central nervous system therapeutic market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, Japan central nervous system therapeutic market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,715.9 million by 2028.
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Central Nervous System Therapeutic Market Scope
Central Nervous System Therapeutic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia central nervous system therapeutic market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to central nervous system therapeutic market will help companies and investors design strategic landscapes.
Mental health was the largest segment with a revenue share of 48.79% in 2020. Horizon Databook has segmented the Australia central nervous system therapeutic market based on neurovascular diseases, cns trauma, mental health, neurodegenerative diseases, infectious diseases, cns cancer covering the revenue growth of each sub-segment from 2018 to 2028.
High prevalence of neurodegenerative diseases and better healthcare policies in the Australia are driving the market growth. Australia has formulated public health policies that directly target dementia and other central nervous system disorders.
Dementia is the second leading cause of deaths in Australia. In 2020, it is estimated that 459,000 Australians are suffering from this condition, and it is expected to increase to 590,000 by 2028. Increasing disease burden on the country’s economy is leading to research.
Nongovernment organizations in Australia conduct awareness programs and public education activities to increase the awareness level in the country. Organizations such as Mental Health Australia, MS Research Australia, Alzheimer’s Australia, and Mental Health.
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Our clientele includes a mix of central nervous system therapeutic market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia central nervous system therapeutic market , including forecasts for subscribers. This country databook contains high-level insights into Australia central nervous system therapeutic market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Australia central nervous system therapeutic market size, by disease, 2018-2028 (US$M)
Australia Central Nervous System Therapeutic Market Outlook Share, 2020 & 2028 (US$M)
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