About Multiple Sclerosis Treatment
Nearly 1 million people are living with Multiple Sclerosis (MS) in the United States, according to a study funded by the National MS Society. This is more than twice the original estimate and means solutions for MS are now twice as important. Multiple sclerosis (MS) is an unpredictable disease of the central nervous system that disturbs the flow of information inside the brain and among the brain and body. According to the national multiple sclerosis society, Most people with multiple sclerosis are diagnosed between the ages of 20 and 50, with at least two to three times more women than men being diagnosed with the disease.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.9% |
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 in multiple sclerosis (MS) therapeutics clinical development are key factors contributing to Growth of Multiple Sclerosis Therapeutics during the forecast period. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Multiple Sclerosis Treatment 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.
Teva (Israel), Biogen(United States), Genzyme (Sanofi), GlaxoSmithKline(United Kingdom), Merck Serono(Germany), Novartis(Switzerland), Pfizer (United States) and Abbvie (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Acorda Therapeutics(United States) and Bayer HealthCare (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Multiple Sclerosis Treatment market by Type (Immunomodulators (Ponesimod, Glatopa, Copaxone, Others), Immunosuppressant (Cladribine, Others), Corticosteroids (Prednisone, Methylprednisolone) and Beta interferons (Betaseron, Others)), Application (Veterinary Hospitals, Veterinary Clinics and Research Institutions) and Region.
On the basis of geography, the market of Multiple Sclerosis Treatment 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 Multiple Sclerosis, the sub-segment i.e. Clinically Isolated Syndrome (CIS) will boost the Multiple Sclerosis Treatment 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 Multiple Sclerosis Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Administration , the sub-segment i.e. Injectable will boost the Multiple Sclerosis Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Growing Number Of Multiple Sclerosis Incidences key Driving Factor of Growth
Market Growth Drivers:
Rising Awareness Among The People, Development In The Drugs And Therapeutics Sector
Challenges:
Key Competition R&D for new Solutions in between Key Players
Restraints:
High Cost of Treatment
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 July 2019 ,It is exciting news for MS patients in China that Gilenya has customary fast approval. The approval of Gilenya and the upcoming regulatory review for Mayzent® demonstrate our commitment to Chinese patients.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Multiple Sclerosis Treatment Manufacturer, Raw Material Suppliers, 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.