Glatiramer Market Scope
Glatiramer, also known as Copaxone, is an immunomodulator medication used to treat multiple sclerosis. In the United States, latiramer acetate is approved to reduce the frequency of relapses but not to slow the progression of disability. Copaxone (glatiramer acetate) is a combination of four amino acids (proteins) used to treat and prevent relapses of multiple sclerosis (MS). Copaxone will not cure MS, but it can make relapses occur less often.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Teva (Israel), NATCO Pharma (India), Mylan (United States), Novartis (Switzerland) and HYBIO (China) |
CAGR | 3.7% |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Teva (Israel), NATCO Pharma (India), Mylan (United States), Novartis (Switzerland) and HYBIO (China) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Glatiramer market by Type , by Application (Hospital, Pharmacy and Other) and Region with country level break-up.
On the basis of geography, the market of Glatiramer 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2022, Teva Pharmaceutical Industries partnered with Alvotech Holdings to develop and commercialize a biosimilar version of glatiramer acetate (Copaxone®) in certain territories.
In April 2023, Teva launched Glatiramer Acetate Injection 40mg/mL prefilled syringe, offering a new dosage option for patients with relapsing-remitting multiple sclerosis (RRMS).
Influencing Trend:
Emergence Of Multiple Sclerosis Treatment Options
Market Growth Drivers:
The Growing Geriatric Population Is Expected To Drive Growth Of The Market Over The Forecast Period.
Challenges:
High Cost of the Multiple Sclerosis Treatment
Restraints:
The Adverse Effect of the Treatment
Opportunities:
Innovative Drug Development Opening A New Horizon For multiple sclerosis
Key Target Audience
Multiple Sclerosis Treatment Providers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others