Our extensive research on the Global Amyotrophic Lateral Sclerosis Treatment Market from 2023 to 2031 offers valuable insights applicable to companies of all sizes. The study delves into crucial market trends, providing perspectives on the industry’s future direction. It includes investment structures, technological advancements, market dynamics, and profiles of major players. The report outlines global market strategies that adapt to current and future industry conditions.
The global amyotrophic lateral sclerosis treatment market size was US$ 637.2 million in 2021. The global amyotrophic lateral sclerosis treatment market is forecast to grow to US$ 918 million by 2030, registering a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2022 to 2030. Amyotrophic lateral sclerosis (ALS) is also known as amyotrophic lateral sclerosis. It is a degenerative nervous system illness that affects nerve cells in the brain and spinal cord, thereby resulting in muscular control loss.
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Our research blends qualitative and statistical data, spanning from 2017 to 2031, covering historical consumption, valuation, supply-demand dynamics, expansion opportunities, profitability, setbacks, and economic assessment. We use tools like SWOT, BCG, and PESTLE analysis, visually presented, along with numerical data. The report offers a comprehensive view of the market landscape, including stakeholder insights, sector review, regional outlooks, financial considerations, and market-related issues. The report’s scope and structure are clearly outlined.
Factors Influencing the Market
Due to the growing prevalence of amyotrophic lateral sclerosis disease, the global amyotrophic lateral sclerosis treatment market will grow during the study period. Centers for Disease Control and Prevention (CDC) estimates around 14,500 to 15,000 people in the U.S. had amyotrophic lateral sclerosis in 2016. Moreover, the same source estimates that approximately 2 to 5 people in every 100,000 are suffering from amyotrophic lateral sclerosis. Thus, the growing prevalence of the disease is likely to boost the market growth.
The growing geriatric population is forecast to propel the growth of the amyotrophic lateral sclerosis treatment market. On the contrary, the high cost of treatment may hamper the market during the study period.
The increasing healthcare expenditure and growing consumer awareness about the treatment may surge the growth of the market.
Competitors in the Market
- Mitsubishi Tanabe Pharma Corporation
- Otsuka Pharmaceutical Co., Ltd.
- BrainStorm Therapeutics
- Biogen Inc.
- Corestem
- AB Science
- F.Hoffmann-La Roche AG
- Biohaven Pharmaceutical
- Sun Pharmaceutical
- Ionis Pharmaceuticals, Inc.
- Other prominent players
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The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Amyotrophic Lateral Sclerosis Treatment industry experienced notable growth in its workforce. Starting in January, employment within the Amyotrophic Lateral Sclerosis Treatment sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Amyotrophic Lateral Sclerosis Treatment output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Amyotrophic Lateral Sclerosis Treatment output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Amyotrophic Lateral Sclerosis Treatment market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Amyotrophic Lateral Sclerosis Treatment market.
Market Segmentation
The global amyotrophic lateral sclerosis treatment market segmentation focuses on Drug, Treatment, End-User, and Region.
Drug Type
- Sporadic ALS (SALS)
- Familial ALS (FALS)
Treatment Type
- Medication
- Physical Therapy
- Respiratory Therapy
- Speech Therapy
- Others
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End-Users
- Hospitals
- Specialty Centres
- Research & Academic Institutes
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Amyotrophic Lateral Sclerosis Treatment Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Amyotrophic Lateral Sclerosis Treatment Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Amyotrophic Lateral Sclerosis Treatment Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Amyotrophic Lateral Sclerosis Treatment Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Amyotrophic Lateral Sclerosis Treatment market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Amyotrophic Lateral Sclerosis Treatment market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Amyotrophic Lateral Sclerosis Treatment business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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