Sat. Dec 4th, 2021

Increase in the prevalence of Parkinson’s disease is expected to drive the growth of India Levodopa market during the forecast period.

According to TechSci Research report, India Levodopa Market By Drug Type (Rytary, Duopa, Sinemet, Caramet, Others), By Composition (Single, Combinational), By Source (In-house v/s Contract Manufacturing Organizations), By Form (Tablet, Capsule, Others), By Distribution Channel (Online v/s Offline), By Application (Parkinson’s Disease, Dopamine Responsive Dystonia, Restless Legs Syndrome (RLS) and Others), By End User (Adult v/s Pediatric), By Company, By Region, Forecast & Opportunities, FY2026, the India levodopa market is expected to grow at a formidable rate during the forecast period on account of presence of efficient drug delivery methods for levodopa. Also rising awareness regarding healthcare among the population is creating growth opportunities for levodopa market over the forecast period. Nearly all patients receive the dopamine precursor levodopa, as it effectively control symptoms of Parkinson’s disease. Carbidopa is often included with levodopa-containing drugs in order to enhance its efficacy by slowing down the metabolism of dopamine. Besides, favorable government policies is expected to drive the market growth in the forthcoming years. Furthermore, well-developed healthcare infrastructure which is making headway for the growth of India Levodopa market in the years to come. However, limitation of drug supply in the market due to delay in supply and manufacturing of levodopa can restrict the market growth over the next few years. Additionally, availability of alternative treatments can act as major impediment to the market growth in the next 5 years.

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The India levodopa market is segmented based on drug type, composition, source, form, distribution channel, application, end user, company, and region. Based on application, the market can be fragmented into Parkinson’s disease, dopamine responsive dystonia, restless legs syndrome (RLS) and others. The Parkinson’s disease segment is expected to dominate the market in the next 5 years which is attributable to rising patient cases with Parkinson’s disease coupled with the effectiveness of this drug in treating Parkinson’s disease. In terms of source, the market is fragmented into in-house v/s contract manufacturing organizations. In house manufacturing segment is forecasted to dominate the market over the coming years. This dominance is attributed to the ability to pivot quickly to suit changing market conditions and can easily make changes in response to innovative ideas. The contract manufacturing organizations is forecasted to register highest CAGR in the years to come owing to increased revenue and profits.

Wockhardt Ltd., Teva Pharmaceuticals Industries Ltd., Torrent Pharmaceuticals Ltd., Divis Laboratories Ltd., Taj Pharmaceuticals Ltd., Cipla Ltd., Zydus Cadila Healthcare Ltd. (Neuro), GlaxoSmithKline Pharmaceuticals Ltd., Nicholas Piramal India Ltd., Micro Labs Ltd. (Synchro), and others are some of the leading players operating in India levodopa market. The key market players operating in the market are using organic strategies such as product launches, mergers and acquisitions, collaborations, joint ventures to boost their market share and to expand their geographic reach. Along with this, supportive policy for the pharmaceutical industry is anticipated to aid the current market of levodopa.

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“India levodopa market is expected to witness formidable growth in the coming years on account of developing new and improved therapies. Furthermore, increased government funding for research is further expected to fuel the market growth through FY2026 as they make these drugs more affordable in the country. Also, launching new products by key market players is another key factor which is expected to create lucrative opportunities for the market growth over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based India management consulting firm.

India Levodopa Market By Drug Type (Rytary, Duopa, Sinemet, Caramet, Others), By Composition (Single, Combinational), By Source (In-house v/s Contract Manufacturing Organizations), By Form (Tablet, Capsule, Others), By Distribution Channel (Online v/s Offline), By Application (Parkinson’s Disease, Dopamine Responsive Dystonia, Restless Legs Syndrome (RLS) and Others), By End User (Adult v/s Pediatric), By Company, By Region, Forecast & Opportunities, FY2026”, has evaluated the future growth potential of India levodopa market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India levodopa market.

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