China Central Nervous System Therapeutic Market Size & Outlook
China central nervous system therapeutic market, 2018-2028 (US$M)
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China central nervous system therapeutic market highlights
- The China central nervous system therapeutic market generated a revenue of USD 4,695.9 million in 2020 and is expected to reach USD 8,324.3 million by 2028.
- The China market is expected to grow at a CAGR of 7.4% from 2021 to 2028.
- In terms of segment, mental health was the largest revenue generating disease in 2020.
- CNS Cancer 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 4,695.9 million |
| Market revenue in 2028 | USD 8,324.3 million |
| Growth rate | 7.4% (CAGR from 2020 to 2028) |
| Largest segment | Mental health |
| Fastest growing segment | CNS Cancer |
| 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, China accounted for 4.4% 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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China 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 49.53% in 2020. Horizon Databook has segmented the China 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.
Increase in prevalence of neurological conditions, growth in manufacturing of healthcare products, and increase is healthcare expenditure in China are factors boosting market growth. Major pharmaceutical companies in the country are adopting market strategies, such as new product development and licensing, to strengthen their position locally.
For instance, in in November 2019, Amgen tied up with China’s BeiGene by paying USD 2.7 billion to acquire 20.5% stake in the company. The deal will help enhance distribution network of Amgen in the country.
Large number of local players involved in manufacturing of drugs and development of novel therapies for treatment of these disorders is expected to drive the market. For instance, in November 2019, China’s National Medical Product Administration.
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Target buyers of China central nervous system therapeutic market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China central nervous system therapeutic market , including forecasts for subscribers. This country databook contains high-level insights into China central nervous system therapeutic market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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China central nervous system therapeutic market size, by disease, 2018-2028 (US$M)
China Central Nervous System Therapeutic Market Outlook Share, 2020 & 2028 (US$M)
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