India's Neurology Clinical Trials market is projected to grow from $95.1 Mn in 2022 to $182.7 Mn by 2030, registering a CAGR of 8.5% during the forecast period of 2022-30. The market will be driven by the high prevalence of neurological disorders and the low cost of conducting clinical trials in India. The market is segmented by phase, by study design & by indication. Some of the major players include Novartis, Sun Pharmaceutical Industries & Cadila Healthcare.
India's Neurology Clinical Trials market is projected to grow from $95.1 Mn in 2022 to $182.7 Mn by 2030, registering a CAGR of 8.5% during the forecast period of 2022-30. Every year, it is believed that 30 million Indians suffer from severe neurological problems. Epilepsy affects 6-8 million individuals, strokes affect 1-2 million people, and headaches affect 10-12 million people. Additionally, epilepsy is the leading cause of neuropsychiatric deaths. Stroke is one of India's top five major causes of mortality, with the World Health Organization reporting 1.5 million instances per year, with at least one-third being handicapped. By 2050, India and China will account for 80 percent of all stroke cases worldwide. According to the data, there is a growing need in India for clinical trials in the area.
The neurology clinical trials industry in India is rapidly expanding. With a population of over 1.3 billion people, India offers a big pool of prospective participants for clinical trials in the neurology field. Moreover, the nation has a well-established healthcare system as well as a high number of skilled healthcare workers, such as doctors and clinical research specialists. This has made India a desirable destination for conducting clinical trials in the field of neurology.
In November 2022, Hyderabad-based Suven Life Sciences (Suven) announced it had begun the randomization of the first patient in the Phase 3 worldwide clinical trial of its medication Masupirdine for the treatment of agitation in Alzheimer's dementia patients. Also, other trials are being carried out by companies such as Teva Pharmaceutical Industries, Biogen Idec and others mainly for conditions such as multiple sclerosis & Alzheimer's.
Market Growth Drivers
The Indian government has developed clinical trial standards and a simplified clearance procedure for new studies. In addition, the government has formed the Central Drugs Standard Control Organization (CDSCO), which is in charge of ensuring that clinical trials in the country are done ethically and in accordance with international standards. India's healthcare system is well-developed, and there is a rising pool of skilled healthcare workers, including doctors and clinical research specialists. This facilitates pharmaceutical firms conducting clinical trials in the nation. Moreover, clinical trials in India might be less expensive than in other nations. The cost of performing clinical trials in India is cheaper than in many other nations, making it an appealing site for pharmaceutical firms conducting clinical studies.
Although India has a well-developed healthcare system, there may be inadequate infrastructure in certain localities, making clinical trials challenging to execute in specific areas. There may be cultural variations between India and other nations that impact clinical trial conduct. To meet these variances, pharmaceutical firms may need to adapt their trial techniques. Concerns have been raised in India concerning intellectual property difficulties, which may deter some pharmaceutical firms from doing clinical trials there.
November 2022, Hyderabad-based Suven Life Sciences (Suven) announced it had begun randomization of the first patient in Phase 3 worldwide clinical trial of its medication Masupirdine for the treatment of agitation in Alzheimer's dementia patients
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Clinical Trials Regulation in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
184.108.40.206 Product Applications and Services
220.127.116.11 Recent Developments
18.104.22.168 Partnerships Ecosystem
22.214.171.124 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
6. Methodology and Scope
By Phase (Revenue, USD Billion):
By Study Design Outlook (Revenue, USD Billion):
By Indication Outlook (Revenue, USD Billion):
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