About Neuromyelitis Optica Drug
Neuromyelitis Optica (NMO), an autoimmune demyelinating disease, also called neuromyelitis optica spectrum disorders (NMOSD) and axonal damage predominantly targeting optic nerves and spinal cord. NMO treatment involves therapies to reverse recent symptoms and prevent future attacks. On the other hand, Neuromyelitis optica can't be cured, though long-term remission and may be possible with the right management. Owing to increasing incidences of paralysis in the legs or arms, painful spasms, loss of sensation, uncontrollable vomiting, and hiccups, and bladder or bowel dysfunction from spinal cord damage, the neuromyelitis optica drug, and therapy market is growing across the world.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Neuromyelitis Optica Drug market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Pfizer (Germany), FRESENIUS (United States), TEVA (Israel), SANDOZ (Germany), Intas (Ahmedabad), Gyjtrs (United States), NANG KUANG (China), Tianjin Kingyork (China), Baxter (United States) and CSL (Australia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Grifols (Spain), Octapharma (Switzerland) and CBOP (Mumbai).
Segmentation Overview
AMA Research has segmented the market of Global Neuromyelitis Optica Drug market by Type (Glucocorticoids and Immunoglobulin), Application (Acute Attack and Remission Prophylactic treatment) and Region.
On the basis of geography, the market of Neuromyelitis Optica Drug 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 Product Type, the sub-segment i.e. Production Share will boost the Neuromyelitis Optica Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Nano Technology in Neuromyelitis Optica Drug and Personalized Medicine and Customization for Consumers
Market Growth Drivers:
Emerging Countries of Neuromyelitis Optica Drug and Growing Market for Neuromyelitis Optica Drug
Challenges:
Increasing Investment and Strict Regulations
Restraints:
Implementation of Any Regulation Related to an Agitated Patient for drugs and Stringent International Quality Standards for Drugs
Opportunities:
Ability to Create New Technology and Innovative Drugs
Market Leaders and their expansionary development strategies
In December 2021, Merck, a leading science and technology company, today announced a strategically focused expansion of its neurology pipeline with the acquisition of the rights to develop cladribine for the treatment of generalized myasthenia gravis (gMG) and neuromyelitis optica spectrum disorder (NMOSD). Merck entered into an agreement to secure the global rights by acquiring Chord Therapeutics, a Swiss-based biotech company focused on rare neuroinflammatory diseases.
October 30, 2019 -- Chugai Pharmaceutical Co., Ltd. (TOKYO: 4519) announced that the European Medicines Agency (EMA) has accepted the Marketing Authorization Application for satralizumab (development code: SA237), an anti-interleukin-6 (IL-6) receptor humanized recycling antibody, for the treatment of adult and adolescent patients with neuromyelitis optica spectrum disorder (NMOSD). EMA has granted Accelerated Assessment status for satralizumab.
The U.S. Food and Drug Administration (FDA) has also accepted the Biologics License Application (BLA) for satralizumab. The EMA’s Committee for Medicinal Products for Human Use (CHMP) recommendation and the FDA decision are expected in 2020.
Key Target Audience
Healthcare Industries, Pharmacists, Drugs Quality Analysts and Others
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.