According to a new report, the Global Spinal Muscular Atrophy (SMA) market is estimated to be valued at US$ 2.8 billion in the year 2027, growing at a CAGR of 12.5% in the period 2020 to 2027. Growth of the market is driven by rising incidences of SMA, technological advancements, government impetus, growing consumer awareness and surge in R&D activities.
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The U.S. Bureau of Economic Analysis and the U.S. Census Bureau reports that the goods and services deficit rose from $68.7 billion in January 2023 to $70.5 billion in February, an increase of $1.9 billion. Due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion, the goods and services deficit increased in February. The goods and services deficit has decreased this year by $35.5 billion, or 20.3% when compared to the same period in 2022. $10.8% more, or $49.5 billion, was exported. Imports cost $2.2% more, or $14.0 billion, than exports.
SMA is a rare genetic disorder that affects the part of the central nervous system which controls voluntary muscle movements. It is one of the most common debilitating genetic disorders and a leading genetic cause of death among infants. It affects approximately one in 10,000 live births globally.
FDA Approval of Zolgensma, first gene therapy approved to treat children less than two years of age with spinal muscular atrophy (SMA), has become a milestone in the treatment of patients with SMA. It has emerged as a potential game-changer for SMA treatment. Furthermore, there are various other emerging ongoing clinical trials currently in the process of evaluating its efficacy of either SMN-dependent or SMN-independent approaches.
In order to produce a holistic assessment of the market, a variety of factors is considered, including demographics, business cycles, and microeconomic factors specific to the market under study. Spinal Muscular Atrophy Marketreport 2021 also contains a comprehensive business analysis of the state of the business, which analyzes innovative ways for business growth and describes critical factors such as prime manufacturers, production value, key regions, and growth rate.
The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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Report Scope
This report “Global Spinal Muscular Atrophy Market [(By Drugs – Spinraza, Zolgensma, Risdiplam & Reldesemtiv; By Region – North America (The US), Europe & Asia Pacific)] Market Outlook 2027” provides detailed analysis of the global SMA market from qualitative and quantitative outlooks during the forecast period across various therapeutic segments. It also provides coverage on market dynamics with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.
Parameter Description
Base Year: 2016
Forecast Period: 2020 – 2027
Market Sizing: Revenue in US$ Millions and Numbers in Millions & CAGR for the period 2016 to 2027
Vendor Scope: Biogen Inc., Cytokinetics Inc., AveXis Inc., F. Hoffman – La Roche & Ionis Pharmaceuticals Inc.
Report Coverage: Revenue forecast, market share analysis, company analysis, competitive landscape, market growth drivers, market restraints, market trends and company profiles
Segments Covered
The report provides revenue forecasts for global, regional and country levels. It also provides comprehensive coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. For the purpose of research, The publisher has segmented global Spinal Muscular Atrophy market report on the basis of therapeutics and region:
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Therapeutics
Spinraza
Zolgensma
Risdiplam
Reldesemtiv
Regional Outlook
North America
Europe
Asia Pacific
Country Outlook
The US
Vendors Outlook
Biogen Inc.
Cytokinetics Inc.
AveXis Inc.
F. Hoffman -La Roche
Ionis Pharmaceuticals Inc.
Target Audience
SMA Drug Manufacturers
Chemical Suppliers
End Users
Research Professionals
Healthcare Consultancies
Regulatory Bodies
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Key Questions Answered in the Report
The historical market size of the SMA market from 2016 to 2019 in US$ Millions and market volume in Millions.
Projected market growth in the forecasted period 2020 to 2025 with estimated revenue for each year in US$ Millions.
Revenue forecasts of major drugs in the period 2020 to 2027 in US$ Millions.
Regional and country analysis of SMA market is provided for the period 2016 to 2027 in US$ Millions.
Market drivers, restraints and industry trends that have an impact on revenue.
Profiling of major companies with detailed analysis of drugs approved and in the pipeline.
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter’s Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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