The Malaysia Neurology Clinical Trials market is projected to grow from $8.41 Mn in 2022 to $13.1 Mn by 2030, registering a CAGR of 5.7% during the forecast period of 2022 - 2030. The market will be driven by a well-developed healthcare infrastructure and a large pool of potential study participants. The market is segmented by phase, by study design & by indication. Some of the major players include Pfizer Inc., Novartis AG & Merck Sharp & Dohme Malaysia.
The Malaysia Neurology Clinical Trials market is projected to grow from $8.41 Mn in 2022 to $13.1 Mn by 2030, registering a CAGR of 5.7% during the forecast period of 2022 - 2030. Clinical trials are mainly done at universities and government hospitals across Malaysia since the majority of cancer patients are sent to these facilities. The National Pharmaceutical Regulatory Agency is a department of the Ministry of Health with the authority to assess concerns concerning investigational product registration and permission for clinical trial import licence (CTIL) or clinical trial exemption (CTX). Malaysia completed 215 clinical trials in 2021, the most ever recorded, ranking the nation second in Southeast Asia only to Singapore in terms of worldwide industry-supported research. In Malaysia, it is estimated that 8.5% of older individuals, or around 260 000 persons, have dementia. Also, there are around 15,000 to 20,000 Parkinson's patients, with a 9.5% growth projected by 2020 due to the elderly being more than 7% of the population.
Neurology clinical trials in Malaysia potentially take place in a variety of hospitals and research organisations around the nation. These studies might concentrate on a variety of neurological illnesses, including stroke, epilepsy, multiple sclerosis, Alzheimer's disease, and Parkinson's disease. In Malaysia, there are various hospitals and research centres that perform neurological clinical trials. University Malaya Medical Centre, Hospital Kuala Lumpur, Hospital Sultanah Bahiyah, Institute of Neuroscience, Sunway Medical Centre and others. The neurology clinical trials market in Malaysia is expected to continue growing in the coming years, driven by factors such as increasing investment in research and development, the rising prevalence of neurological disorders, and the country's favourable regulatory environment.
Market Growth Drivers
Asian nations have two major advantages for conducting clinical trials: big and diversified patient pools and decreased clinical trial costs. Malaysia has numerous intrinsic characteristics that make it a suitable location for conducting clinical trials, including a multi-ethnic population that is generally treatment-naive, affordable pricing, and established healthcare infrastructure. Moreover, Malaysia has had established expertise, resources, techniques, legislation, and staff in conducting clinical trials for over 20 years. The present Malaysian Economic Transformation Program (ETP) identifies clinical research as one of its primary economic development drivers. As a result, in order to encourage and enhance the number of clinical trials in the nation, the Malaysian government formed Clinical Research Malaysia (CRM) in 2012, with the goal of successfully boosting the timeliness, dependability, and delivery of results for all parties involved.
Clinical trial funding in Malaysia may be restricted, particularly for those done by indigenous researchers. This might restrict the number of trials that can take place in the nation. In major cities, Malaysia has numerous well-established research institutes and hospitals; yet, infrastructure in rural regions may be lacking. This may restrict patients in remote locations’ access to clinical trials. Although English is widely spoken in Malaysia, some patients may have low skills in the language, making participation in clinical studies requiring sophisticated informed consent procedures challenging. It also faces competition from other countries in the area, such as Singapore and South Korea, which have comparably advantageous regulatory regimes and well-developed research infrastructure.
Clinical trials in Malaysia are governed by the Ministry of Health's National Pharmaceutical Regulatory Agency (NPRA). The NPRA guarantees that all clinical trials performed in Malaysia adhere to the ethical and regulatory standards established by the International Conference on Harmonization of Technical Requirements for Pharmaceuticals for Human Use (ICH) and the World Health Organization (WHO).
1. Report Description of the Malaysia Neurology Clinical Trials Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Malaysia Neurology Clinical Trials Market Executive Summary
2.1 Malaysia Neurology Clinical Trials Market –Industry Snapshot & key buying criteria, 2021-2030
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of Malaysia Neurology Clinical Trials Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis
4. Malaysia Neurology Clinical Trials Market Segmentation
4.1 By Phase
4.1.1 Phase I
4.1.2 Phase II
4.1.3 Phase III
4.1.4 Phase IV
4.2 By Study Design Outlook
4.2.2 Parkinson's Disease (PD)
4.2.3 Huntington's Disease
4.2.5 Traumatic Brain Injury (TBI)
4.2.6 Amyotrophic Lateral Sclerosis (ALS)
4.2.7 Muscle regeneration
4.3 By Indication Outlook
4.3.3 Expanded Access
5. Malaysia Neurology Clinical Trials Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
7. Key Company Profiles
7.1 Company 1
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives
7.2 Company 2
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives
7.3 Company 3
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives
7.4 Company 4
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives
7.5 Company 5
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives
8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in Malaysia
8.2 Regulatory Framework in Malaysia
8.3 Pricing & Reimbursement Scenario in Malaysia Neurology Clinical Trials Market
9. Factors Driving Future Growth
9.1 New Trends and Development Malaysia Neurology Clinical Trials Market
9.2 Future Opportunities
10. Strategic Recommendations
By Phase (Revenue, USD Billion):
By Study Design Outlook (Revenue, USD Billion):
By Indication Outlook (Revenue, USD Billion):
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