About Fingolimod
Fingolimod is used to prevent episodes of symptoms and slow the worsening of disability in adults and children 10 years of age and older with relapsing-remitting forms of multiple sclerosis. Fingolimod is in a class of medications called sphingosine l-phosphate receptor modulators. It works by decreasing the action of immune cells that may cause nerve damage.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Growing focus on drug discovery, speed up delivery of new treatments for patients, the introduction of highly efficient therapies, a multiplicity of new drugs entering the market, huge R&D activities & investments are key factors contributing to Growth of Fingolimod during the forecast period. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Fingolimod market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Novartis(Switzerland), Teva (Israel), Biogen(United States), Genzyme (Sanofi), GlaxoSmithKline(United Kingdom), Merck Serono(Germany), Pfizer (United States), Abbvie (United States) and Acorda Therapeutics(United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fingolimod market by , Application (Medical Field, Science Research Field and Other Field) and Region.
On the basis of geography, the market of Fingolimod has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Administration, the sub-segment i.e. Oral will boost the Fingolimod market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Healthcare Providers will boost the Fingolimod market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Rising Awareness Among The People, Development In The Drugs And Therapeutics Sector and The Growing Number Of Worsening of Disability
Challenges:
Key Competition R&D for new Solutions in between Key Players
Restraints:
Side Effects of the Fingolimod such as Slow Heartbeat, Rash, Hives, Itching, etc
Opportunities:
Increasing Investments In The Healthcare Sector And involvement Of Government And Support Is Offering The Huge Opportunities Of Growth In The Market
Market Leaders and their expansionary development strategies
In October 2022, Glenmark Pharmaceuticals Inc., USA it has launched their Fingolimod Capsules, 0.5 mg, the generic version of Gilenya®1 Capsules, 0.5 mg, of Novartis Pharmaceuticals Corporation.
In February 2023, Cycle Pharmaceuticals Ltd (Cycle) has launched of TASCENSO ODT, its first product to treat MS patients in the US. The launch ensures MS patients in the US currently benefitting from Gilenya, or generic fingolimod, can access appropriate patient support services alongside the bioequivalent, non-generic, TASCENSO ODT.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.