Allied Market Research recently published a research report on “The global multiple sclerosis (MS) therapies market was valued at $22.99 billion in 2018, and is projected to reach $28.00 billion by 2026, registering a CAGR of 2.5% from 2019 to 2026.” in its research database.
Multiple Sclerosis Therapies Market by Type (Immunosuppressants and Immunomodulators) and Route of Administration (Oral, Injectable, and Intravenous): Global Opportunity Analysis and Industry Forecast, 2019-2026.
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Significant rise in number of pipeline drugs is a key factor that contributes toward the growth of the global multiple sclerosis therapies market along with increase in patient base suffering from multiple sclerosis. Furthermore, surge in number of patient assistance programs and similar initiatives undertaken by the government of various countries are anticipated to further boost the demand for multiple sclerosis therapies in coming future.
What are the key trends in the MS Therapies market report?
The key trends in the MS Therapies market are introduction of novel drugs to treat multiple sclerosis and alarming increase in patient base suffering from MS.
Expansion in number of pipeline drugs, flood in persistent populace, and ascend in number of patient help programs (PAPs) drive the worldwide various sclerosis treatments market. Be that as it may, unknown etiology of the sickness controls the market development. Then again, the presentation of sickness altering medications and use of off-name medications will set out new open doors before very long.
The interest for various sclerosis drugs market is becoming as the quantity of individuals determined to have the condition keeps on rising. Consistently, over 2.8 million individuals are determined to have various sclerosis. There are various variables driving the development sought after for these medications. The populace, first and foremost, is maturing, and MS is more normal in more seasoned individuals. Furthermore, familiarity with MS has expanded, meaning more individuals are looking for conclusion and treatment. Lastly, new medicines have arisen that are more powerful than any time in recent memory.
- According to the National MS society’s National Medical Advisory Committee, the decisions regarding disease modifying therapies should be collaboratively taken between the person with MS and his healthcare provider during the COVID-19 pandemic.
- On the basis of their expert advice the society recommends that people with MS should follow CDC guidelines along with additional information for people at risk for serious illness from COVID 19. People with MS should continue DMTs and discuss precise risks with their MS healthcare provider before stopping a DMT.
- On the other hand, the pharmaceutical providers all over the world are tackling the situation in terms of production to meet essential requirements. Moreover, the medicinal and other requirement for therapies may witnessed either shortage or delay due to disruption in the supply chain.
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Key Players in Global Multiple Sclerosis Drugs Market
- Bayer AG
- Bristol-Myers Squibb Company
- ABBVIE INC.
- F. Hoffmann-La Roche Ltd.
- Merck KGaA
- Novartis AG
- Pfizer Inc.
- Teva Pharmaceutical Industries Ltd.
The oral segment to maintain its leadership position during the forecast period-
Based on route of administration, the oral segment contributed to the highest market share with more than two-fifths of the global multiple sclerosis therapies market share in 2018, and is estimated to maintain its leadership position during the forecast period. Furthermore, the segment is estimated to generate the fastest CAGR of 2.8% from 2019 to 2026. This is due to significant therapeutic advances in the new orally administered drugs approved for the MS treatment.
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|Market Outlook for 2026||USD $28.00 million|
|Market Size 2018 Value||USD $22.99 million|
|Expected CAGR Growth||2.5% from 2019 – 2026|
|Forecast Year||2019 – 2026|
|Top Market Players||ABBVIE INC., Bayer AG, Biogen, Bristol-Myers Squibb Company, F. Hoffmann-La Roche Ltd., Merck KGaA, Novartis AG, Pfizer Inc., SANOFI, and Teva Pharmaceutical Industries Ltd.|
|Segments Covered||By Product, By Procedure, By Application, By End-Use, By Region|
|Regional scope||North America, Europe, Asia Pacific, Latin America; Middle East & Africa|
|Customization Options||Customized purchase options are available to meet your research needs.|
Allied Market Research has segmented the Multiple Sclerosis Therapies Market report on the basis of procedure, application, end-user, and region:
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By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Important Questions Being Answered by the Market Report
- What is the Multiple Sclerosis Therapies Market size and growth?
- What are the prominent and latest trends impacting the market?
- Which regions will observe growth on new occasions?
- Which players are adopting a functioning and planned framework to obtain customer loyalty?
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