MultipleSclerosis Drugs Market was valued US$ XX Bn in 2018 and is expected toreach US$ XX Bn by 2027, at CAGR of XX% during forecast period of 2019 to 2027.
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Multiple sclerosis is a longlasting disease that can affect the spinal cord, brain, and the optic nerves ineyes. It can cause problems such as muscle control, vision, balance and otherbasic body functions. Multiple sclerosis also referred as disseminatedsclerosis. At present, primary progressive multiple sclerosis market is facinglucrative growth because of the rising incidences of multiple sclerosisglobally a patient awareness may promote the future growth of this market.
The report study has analyzedrevenue impact of covid-19 pandemic on the sales revenue of market leaders,market followers and disrupters in the report and same is reflected in ouranalysis.
Multiple Sclerosis Drugs MarketDrivers and Restrains
Currently, numerous types ofrelapsing multiple sclerosis are gradually affecting the large number ofpopulations globally, such as secondary-progressive multiple sclerosis (SPMS),relapsing remitting multiple sclerosis and progressive relapsing multiplesclerosis. According to multiple sclerosis web portal by United States andHealth Union more than XX Mn people are affected by multiple sclerosisglobally. Among the all different types of multiple sclerosis, XX % patientssuffer from primary progressive multiple sclerosis. It is difficult to diagnoseas well as treat these patients. Therefore, elevated demand for the advancedtherapeutic treatment will fuel the growth of primary progressive multiplesclerosis (PPMS) market.
The drugs used to treat multiplesclerosis are Interferon Beta (Avonex, Betaseron, Extavia, Plegridy, Rebif),Glatiramer Acetate (Copaxone, Glatopa), Fingolimod (Gilenya), Teriflunomide(Aubagio), Dimethyl Fumarate (Tecfidera) and others. The multiple sclerosisdrug companies are increasing their offerings for interferon-β drugs,attributing to their efficiency for T cell leukemia associated with myelopathy,glioma, and tropical spastic par paresis. The hopeful results of multiplesclerosis drugs have also been addressed in fingolimod in intra cerebralhemorrhage and acute ischemic stroke. Therefore, ongoing research anddevelopment in the multiple sclerosis drugs market will lead to the arrival ofinnovative drugs for multiple sclerosis. Similarly, advances in multiplesclerosis drugs have led to effective medications for the relapsing andprogressive forms of multiple sclerosis. In March 2019, Norvatis AG is Swissmultinational pharmaceutical company and a leading player operating in themultiple sclerosis drugs market announced the launch of the FDA approvedmultiple sclerosis drug such as Mayzent (siponimod), for the treatment ofvarious multiple sclerosis conditions.
Manufacturers in the MultipleSclerosis Drugs are focusing on competitive pricing as the strategy to capturesignificant market share. Moreover, strategic mergers and acquisitions andtechnological innovations are also the key focus areas of the manufacturers.
Multiple Sclerosis Drugs MarketSegmentation Analysis
The multiple sclerosis drugsmarket is segmented into four types such as drug class, route of administration,distribution channel and region. On the basis of route of administration,market is subdivided into oral and injection. The injection segment accountedfor maximum profit in 2018, because of the active government recommendationsand global market approvals. On the basis of drug class market is categorizedinto immunomodulators, immunosuppressants, interferons and others. In terms ofdistribution channels covered under the report are retail pharmacy, hospitalpharmacy, and online stores. The immunomodulators used to diagnose MultipleSclerosis such as glatiramer acetate, natalizumab, fingolimod, alemtuzumab,teriflunomide, and dimethyl fumarate (BG-12) and others. Biogen has occurred asa leading player in the multiple sclerosis drugs market because of the highersales of Tecdera in 2018 and strategic partnership for increased distributionof drugs. Based on region, it is studied across Asia Pacific, North America,Europe, Latin America and Middle East Africa.
Multiple Sclerosis Drugs MarketRegional Analysis
On the basis of region MultipleSclerosis Drugs market divided into five region such as Asia Pacific, NorthAmerica, Europe, Latin America, and Middle East Africa. Among all the regions,North America had hold the largest market share in 2018 and is projected tolead the market during the forecast period. Because of high incidence rates ofmultiple sclerosis and rising demands for therapeutic medications for theeffective treatment of primary progressive multiple sclerosis in these regions.In recent studies of multiple sclerosis portal XX % people are affected bymultiple sclerosis in Europe and XX % affected population is present in theUnited States. This can be credited to the higher sales of multiple sclerosisdrugs in countries such as the United State and Canada. Furthermore, AsiaPacific is expected to expand at a comparatively high CAGR during the forecastperiod. The multiple sclerosis drugs market in Asia Pacific is driven by alarge pool of patients with multiple sclerosis disease in China and Japan,launch and approval of new products, and growth in investments by leadingplayers in the region in therapeutic drugs for multiple sclerosis disease.Therefore, the Asia Pacific is expected to be the second largest market overthe forecast period and nearly follow by North America in terms of profits.
The objective of the report is topresent comprehensive analysis of Multiple Sclerosis Drugs Market including allthe stakeholders of the industry. The past and current status of the industrywith forecasted market size and trends are presented in the report with theanalysis of complicated data in simple language. The report covers all theaspects of industry with dedicated study of key players that includes marketleaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysiswith the potential impact of micro-economic factors by region on the markethave been presented in the report. External as well as internal factors thatare supposed to affect the business positively or negatively have beenanalyzed, which will give clear futuristic view of the industry to the decisionmakers. The report also helps in understanding Multiple Sclerosis Drugs Marketdynamics, structure by analyzing the market segments, and project the Multiple SclerosisDrugs Market size. Clear representation of competitive analysis of key playersby Multiple Sclerosis Drugs Type, price, financial position, product portfolio,growth strategies, and regional presence in the Multiple Sclerosis Drugs Marketmake the report investor’s guide.
Scope of the Multiple SclerosisDrugs Market: Inquire before buying
Multiple Sclerosis Drugs Market,by Drug Class
• Immunomodulators
• Immunosuppressants
• Interferons
• Others
Multiple Sclerosis Drugs Market,By Route of Administration
• Oral
• Injection
Multiple Sclerosis Drugs Market,Distribution Channel
• Hospital Pharmacies
• Retail
• Online Sales
Multiple Sclerosis Drugs Market,by Region
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Multiple Sclerosis Drugs Market,Major Players
• Norvatis AG
• Allergan Plc.
• Hoffmann-La Roche Ltd.
• Astellas
• Biocodex S A
• Consumer Healthcare Inc.
• Dainippon Sumitomo
• ECR Pharmaceuticals
• Eisai Co.
• Flynn Pharma
• Johnson and Johnson
• Meda Consumer Healthcare Inc.
• Merck and Co. Inc.
• Neurim
• Pernix Therapeutics
• Pfizer Inc
• Purdue Pharma L.P.
• Sanofi Pasteur
• SkyePharma
• Takeda Pharmaceutical Company
• Genzyme Corporation
• Teva Pharmaceuticals USA, Inc.
• Mallinckrodt
• Hikma Pharmaceuticals PLC
• Par Pharmaceutical
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