Gilenya Market Scope
Multiple sclerosis (MS) is a neurological illness that affects the brain and spinal cord. The myelin sheath is harmed by MS. The phrase "myelin sheath" refers to the substance that covers and protects human nerve cells. This injury disrupts communication between the brain and the body, resulting in MS symptoms. MS can cause problems with thinking and memory, as well as visual abnormalities, body coordination and equilibrium issues, and muscular weakness. GILENYA is a sphingosine 1-phosphate receptor modulator that is used to treat individuals with relapsing forms of multiple sclerosis. It is used to minimise the frequency of clinical exacerbations and postpone the onset of physical impairment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Novartis AG (Switzerland) |
CAGR | 6.3% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Switzerland Players will contribute to the maximum growth of Global Gilenya market throughout the predicted period.
Novartis AG (Switzerland) 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 Gilenya market by Type and Region with country level break-up.
On the basis of geography, the market of Gilenya 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 2023, Teva launched a generic version of Gilenya in the US, marking the first generic competitor to enter the market. This could impact future sales and revenue for the drug.
On 11th May, 2021 - Novartis Announced FDA Approval of its “Gilenya” as the First Disease-Modifying Therapy for Pediatric Relapsing Multiple Sclerosis. The Approval Targets a Significant Unmet Need for Younger Patients with Multiple Sclerosis (MS), Who Have More Frequent Relapses Than Adults with MS.
Influencing Trend:
Wider Acceptance by Regulatory Bodies and High Expenditure in Pharma R&D
Market Growth Drivers:
Prevalence of Multiple Sclerosis and Rising Geriatric Population
Challenges:
High Initial Investment
Restraints:
Side Effects and Adverse Reactions and lack of trained Professionals
Opportunities:
Increasing Demand Across Western Regions
Key Target Audience
Gilenya Manufactures, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others