Multiple Sclerosis Drugs Market report offers Market Size, Dynamics, Regional Market Share, Top Key Players, Latest trends, Growth factors, Industry Stats, Historic Market, Business Intelligence, Business Research Reports, Competitive Intelligence 2013 to 2017 and Forecast 2018 to 2024
The neglected need of medications for the treatment of different sclerosis, broad R&D pipelines and commonness of the illness are driving components for the market development of Multiple Sclerosis sedate market. As per the Atlas MS, there are around 2.3 million individuals are with different sclerosis, and the vast majority of the patients are not determined to have numerous sclerosis and certain parts of the world because of the lacking of medicinal services framework and ignorance. The headways in the biomedical science going to make a gainful open doors for numerous sclerosis medicate producers in not so distant future. However patent expiry of the key medications is key restriction for various sclerosis showcase, likewise fortifying of administrative prerequisites and techniques additionally making challenges in consistent market development.
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Multiple sclerosis drug market can be segmented into mode of administration, distribution channel, and drug class
Based on route of administration, multiple sclerosis drugs market can be segmented into
- Oral
- Parenteral
Based on distribution channel, multiple sclerosis drugs market can be segmented into
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
Based on drug class, multiple sclerosis drugs market can be segmented into
- Disease Modifying Drugs (DMDs)
- Steroids
- Others
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The global multiple sclerosis drugs market is majorly influenced by increased number of patients from secondary progressive relapsing-remitting multiple sclerosis. The awareness in identifying multiple sclerosis disease conditions increased because of organizations such as National MS society and Multiple Sclerosis Association of America (MSAA) are actively involved in educating the people regarding associated symptoms and increasing the awareness. The presence of strong pipeline drugs such as pleneva (BTG international Ltd.), cladribine (Merck &Co., Inc) and their expected commercialization witness to boost the market share. Companies also actively involved in collaborating with other drug manufacturers for development of drugs such as ampryra (Acordda Therapeutics and Biogen Idec), laquinimod (Active Biotech and Teva Pharmaceuticals), and rebif (Merck Serono and Pfizer). These initiatives are enabling the manufactures to strengthen their product share in Multiple sclerosis drug market. In Multiple sclerosis drug market segments immunomodulators are predominantly used compared to other segments. On the arrival of the easier-to-use oral drugs, market share of the injectables has decreased.
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Geographically multiple sclerosis drug market segmented into following regions Viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Among these regions North America is more dominating in Multiple sclerosis drug market. Multiple sclerosis related healthcare estimated more than $10bn in U.S. In North America, U.S. dominates overall market and followed by Canada. In Europe countries like Italy, Spain, and the UK holds the major share due to increased prevalence rate of multiple sclerosis. In Asian pacific region developing countries like regions like India China have advantage for the drug makers over the developed markets due to low cost of production and high availability of talent pool. Because most of the multiple sclerosis drug are biomedical drugs and requires more investment and time for developing biological products.
Key market players in multiple sclerosis drug market include Novartis AG (Switzerland), Teva Pharmaceutical industries Ltd. (Israel), Biogen, Inc. (U.S.), Merck & Co., Inc. (U.S.), Sanofi S.A. (France), Acorda Therapeuitics (U.S.), Pfizer Inc. (U.S.), Bayer AG (Germany) and Medtronic plc (Questcor Pharmaceuiticals) (U.S.) to name a few.
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