Global multiple sclerosis treatment market has been witnessing fast strides with various new drugs in late stage pipeline. Recently, Novartis approved FDA approval for Mayzent, the first and only treatment specifically approved for patients with active secondary progressive multiple sclerosis (SPMS). The drug is expected to address critical unmet need of multiple sclerosis patients belonging to varied disease categories.
The report provides comprehensive coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. Furthermore, the study encompasses various market specific growth opportunities in global multiple sclerosis market.
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The report has been segmented as following:-
Geographical Coverage
? North America – The US
? Europe
? Asia Pacific
Key Vendors
? Biogen Inc.
? Teva Pharmaceuticals
? Bayer AG
? Sanofi Genzyme
? Novartis AG
? Pfizer Inc.
Multiple sclerosis is a chronic, inflammatory, autoimmune disease that impacts the central nervous system. It is one of the world?s most common neurologic disorders and leading cause of non-traumatic neurologic disability in young adults. The disease damages myelin, the substance which surrounds and insulates our nerve cells, disrupting communication in the nervous system. This leads to development of wide range of ailments including physical, mental, and sometimes psychiatric problems. Multiple sclerosis is incurable disease with treatment paradigm primarily focusing on slowing down disease progression by managing its symptoms. Moreover, the course of the disease can also be altered by a range of disease-modifying therapies (DMTs).
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Growth of global multiple sclerosis therapeutics market is attributed to increasing prevalence of multiple sclerosis worldwide. The disease currently affects around 2.5 million people worldwide. Out of these, nearly 1 million people are affected by MS in the US alone. Other factors such as ageing population, robust drug pipeline, rising healthcare expenditure, etc. are also major growth drivers of the market. However, the market faces several challenges due to patent expiration of major drugs, stringent regulatory norms, high cost of drugs and side-effects associated with extended use of various multiple sclerosis drugs.
The report provides information on the current scenario, detailed market outlook of the global multiple sclerosis market, with regional analysis done across markets in North America, Europe and Asia Pacific region. The US is the world?s largest market for multiple sclerosis therapeutics due to technological advancements in multiple sclerosis treatments in the nation. Future forecasts of the market overall and across various regions till 2025 is provided in the report. Furthermore, major industry players have been prudently analysed in the competitive landscape section of the report in order to provide key comparative insights.
These players are profiled herein based on attributes such as business overview, product segments and financial analysis. It also compiles performance comparison of aforementioned companies and other leading companies in the segment based on various parameters in the competitive landscape section. In totality, the report provides detailed market analysis, with relevant forecasted data supported by key market dynamics. This information will be helpful in evaluating opportunities in global multiple sclerosis therapeutics market.
Target Audience
> Migraine Drug Manufacturers
> Chemical Suppliers
> End Users
> Research Professionals
> Healthcare Consultancies
> Regulatory Bodies
Key questions answered in the report
- > Historical market size of migraine therapeutics from 2009 to 2018 in US$ Billions.
- > Projected market growth in the forecasted period 2019 to 2025 with estimated revenue for each year in US$ Billions.
- > Revenue forecasts of major migraine therapeutics in the period 2016 to 2025 in US$ Billions.
- > Regional and country of migraine therapeutics in the period 2017 to 2025 in US$ Billions.
- > Market drivers, restraints and industry trends that has impact on revenue.
- > Profiling of major companies with detailed analysis of major migraine therapeutics approved for marketing as well as in pipeline.
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What our market report offers
Market Overview:
- Provides a general introduction to the market, including its size, growth rate, and key characteristics.
- This section may also include information on market segmentation, such as by product type, application, or geography.
Industry Trends and Drivers:
- Examines the current trends, developments, and factors driving the growth or decline of the market.
- It may include technological advancements, regulatory changes, consumer preferences, or economic factors that impact the industry.
Market Analysis:
- Offers a detailed analysis of the market’s dynamics, including supply and demand factors, competitive landscape, and market attractiveness.
- This section may include information on market share, market concentration, and competitive strategies of key players.
Market Segmentation:
- Divides the market into distinct segments based on criteria such as product type, application, end-user, or geography.
- This analysis helps identify specific market opportunities and target audiences.
Market Size and Forecast:
- Presents the current market size and estimates future market growth over a specified period.
- -This section may include historical data, market projections, and growth rates for different segments.
Competitive Analysis:
- Assesses the competitive landscape of the market, including the profiles of major players, their market share, and strategies.
- It may also include SWOT analysis (strengths, weaknesses, opportunities, threats) of key competitors.
Market Opportunities and Challenges:
- Identifies potential growth opportunities and challenges in the market. This section may highlight emerging market segments, untapped regions, or technological advancements that can drive market expansion.
- It may also address barriers to entry, regulatory hurdles, or competitive threats.
Consumer Insights:
- Provides an understanding of consumer behavior, preferences, and buying patterns related to the market.
- This section may include survey data, consumer demographics, and customer feedback.
Future Outlook and Recommendations:
- Offers insights into the future prospects of the market and provides recommendations for businesses or stakeholders.
- This section may suggest strategies for market entry, product development, marketing, or investment decisions.
Appendix:
- Includes additional data, charts, tables, or references that support the analysis presented in the report.
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