The Global Multiple Sclerosis Treatment Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Global Multiple Sclerosis Treatment Market for global, Europe, North America, Asia Pacific and South America.
Driven by the new Therapeutic treatments and new entrants in the market, Multiple Sclerosis Treatment market is set to rise at a conservative CAGR of 0.6% from USD 22.32 billion in 2017 to USD 23.27 billion by 2025.
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Major Market Competitors/Players: Global Multiple Sclerosis Treatment Market
Teva Pharmaceuticals Industries Ltd., Bayer AG, Biogen Inc., Pfizer Inc., Novartis AG, EMD Serono Inc., Sanofi, Synthetic Biologics Inc., Opexa Therapeutics Inc., Active Biotech AB, Actelion Pharmaceuticals Ltd., argenx, Celgene Corporation, GeNeuro SA, Amplia Therapeutics Limited, Innate Immunotherapeutics, InnoBioscience LLC., Merck & Co., TG Therapeutics Inc., AbbVie Inc., GlaxoSmithKline plc., are some of the few major competitors currently developing and innovating the global Multiple Sclerosis treatments.
Global Multiple Sclerosis Treatment Market, By Treatment (Injectable, Oral), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Multiple Sclerosis (MS) is a condition that attacks the nerves and disrupts the communication between the brain and other major organs and the rest of the body parts. It mostly affects women especially in the age group of 20-50 years.
Increasing number of people are being diagnosed from the region of North America and countries existing in that particular region. Companies are targeting the APAC region of the world for their pharmaceutical trials and development.
- Launch of effective oral formulations with less oral dosing
- Increase in the Disease Modifying Therapies options available for MS
- Overflow of treatment options, competitors establishment will be difficult
- Patent expiration will increase the competition and hence reduce the chances of competitors introduction in the market
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- Based on the treatment, Oral segment will see a rise in the demand for its products due to high treatment costs for Multiple Sclerosis, this in turn makes the patients turn over to cost cutting where they can use the oral methods and don’t need the professional help required to administer the injectable treatments.
- Based on region, US are holding their own dominance in the market over all the other regions due to the technological advancements in their country and huge development of Multiple Sclerosis treatments. Additionally, due to the high number of hospitalization procedures available in the countries US and Canada holds the major market share of Multiple Sclerosis. Europe is close behind with APAC regions expected to grow most in the forecast period of 2017-2023.
Key Developments in the Market:
- In March 2017, US FDA approved a major ground breaking drug in 2017, called Ocrelizumab, which target the cells beingthe main cause for the development of Multiple Sclerosis
- In August, 2016 Teva Pharmaceuticals Industries Ltd. Captured Allergan PLC’s generic business called “Actavis Generics”. This acquisition will help and enhance the development of generic medicines and increase the foothold of Teva Pharmaceuticals in the US.
- In May, 2014 Bayer AG acquired Merck & Co. Inc.’s non-prescription business. Increasing the over-the-counter capabilities of Bayer AG across the multiple therapeutic categories.
Reasons to Purchase this Report
- SWOT analysis of key factors driving the market
- Growth of branded and approved drugs is analyzed properly, making the market to invest in the correct market structures.
- Projections are analyzed in relation to the awareness amongst the individuals and demand for the treatments is analyzed based on the different segments
Customization of the Report
- All segmentation provided above in this report is represented at country level.
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
To comprehend Global Multiple Sclerosis Treatment market dynamics in the world mainly, the worldwide Multiple Sclerosis Treatment market is analyzed across major global regions.
- North America: United States, Canada, and Mexico.
- South & Central America: Argentina, Chile, and Brazil.
- Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
- Europe: UK, France, Italy, Germany, Spain, and Russia.
- Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Chapter 2: Executive Summary
Chapter 3: Industry Insights
Technological and innovation landscape
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Multiple Sclerosis Treatment Market report effectively provides required features of the global market for the population and for the business looking people for mergers & acquisitions, making investments, new vendors or concerned in searching for the appreciated global market research facilities. It offers sample on the size, offer, and development rate of the market. The Multiple Sclerosis Treatment report provides the complete structure and fundamental overview of the industry market.
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Dan Carter was a reporter for nomad Labs, before becoming the lead editor. Dan has over forty bylines and has reported on countless stories concerning all things related to tech and science. Dan studied at CSUF.