Selbyville, Delaware, Global Multiple Sclerosis Therapies Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2027. Multiple Sclerosis Therapies Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Multiple Sclerosis Therapies market and provides information regarding the revenue for the period 2020 to 2027.
Global Multiple Sclerosis Therapies Market Size to reach USD 28.8 Billion by 2027. Global Multiple Sclerosis Therapies Market was valued at USD 23.6 Billion in 2019 and expected to grow with a CAGR 2.5% over the forecast period 2020-2027.
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Multiple sclerosis is a disease in which immune system eats away at the shielding encompassing of nerves. Multiple sclerosis is an inflammatory medical condition which results in axonal transection, neurodegeneration of the nerve cells of the brain and spinal cord and demyelination. It is devastating disease-causing coordination functions of the body and disruption in communication.
Some of the other symptoms are numbness, spasticity, fatigue, cognitive changes, emotional changes, bladder dysfunction and depression. This disease broadly classified in RRMS (Relapsing-remitting Multiple Sclerosis), SPMS (Secondary-progressive multiple sclerosis), PPMS (Primary-Progressive Multiple Sclerosis), and PRMS (Progressive-Relapsing MS). Multiple Sclerosis therapies include – counselling, support group, acupuncture and physical therapy. Upsurge in patient population and increase in number of pipeline drugs are key drivers of the global multiple sclerosis therapies market. For instance, as per Statista, the number of pipeline drugs have increased, from 2001, there were 5,995 drugs in the R&D pipeline to 16,181 drugs in the pipeline in 2019.
Furthermore, surge in number of patient assistance programs (PAPs) also support in market growth. Despite that, unspecified etiology restrains the market growth over the forecasting period 2020-2027.
Key Players in Global Multiple Sclerosis Therapies Market
- Abbvie Inc.
- Bayer AG
- Bristol-Myers Squibb Company
- Hoffmann-La Roche Ltd.
- Merck KGAA
- Novartis AG
- Pfizer Inc.
The regional analysis of the Multiple Sclerosis Therapies Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. In which, North America dominates the market owing to increase in demand for MS therapeutic products and increase favorable reimbursement policies. However, APAC also participating in market growth due to improved distribution networking of pharmaceutical company in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Route of Administration:
- North America
- Asia Pacific
- Latin America
- Rest of the World
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