Global Multiple Sclerosis Treatment Market anticipated reaching around US$ 25.27 Bn by 2027, growing at a CAGR of 6.7% and was worth US$ 23.52 Bn in 2019.



Market Definition:

Multiple sclerosis (MS) is a chronic demyelinating autoimmune disease of the central nervous system (CNS) that disrupts the flow of signals within the brain and other parts of the body. The major cause of failure observed is heterogeneity in MS population and mental disturbances, psychological, and double vision are some major problems involved. Treatment usually focuses to provide speedy recovery, relapse the progression as there is no complete cure to (MS).

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Market Dynamics:

The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors, involves the drivers, restraints, opportunities and challenges for the key companies and stake holders in the industry.

The ultimate need of drugs for multiple sclerosis treatment, increased the number of R&D, increasing healthcare expenditure in different economies and occurrence of the MS disease are studied and analysed in the report with market size estimation and key players contribution in it. Growing awareness of MS is estimated to improve the drugs therapeutic and will increase the demand for treatment available for the disease. Moreover, the accessibility of new drugs and clinical studies on multiple sclerosis are major factors anticipated the market growth.

However, stringent regulation for drug approval by the FDA and patent expiry contribute towards key restraint for the MS market. As per Atlas MS, around 2.3 Mn people suffer from MS, out of which many are not diagnosed due to lack of awareness and less no of healthcare infrastructure in certain parts. Also, the high cost in repeated trials for several therapeutic drugs repeated trials restrict the growth of this market.

Opportunities:

• Rising research and development investment to develop more effective drugs.

• The progressions in the biomedical science for multiple sclerosis drug makers are about to create profitable opportunities in the upcoming forecast.

Key Developments in the Market:

• In 16, January 2019: Feinberg School of Medicine Northwestern University, researchers in a clinical trial found that while most of the patients on standard therapy were showing progression, the vast majority of patients did not show any progression who previously experienced the stem cell transplant. An experimental treatment is now showing progress, which was conducted for multiple sclerosis.

• In March 2017, US FDA approach to approving Ocrelizumab, which targets the cells and considers as the main root for the Multiple Sclerosis development.

• In August 2016 Pharmaceuticals Industries Teva took over Allergan PLC’s generic company called “Actavis Generics”.



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