Overview
The Global Multiple Sclerosis Therapeutics Market growing at a CAGR of 1.95% during the forecast period 2024-2031.
Multiple sclerosis (MS) is an autoimmune disorder that impacts the central nervous system, including the brain and spinal cord. In MS, the immune system erroneously targets myelin cells, which are the protective sheaths surrounding the nerves in the brain and spinal cord.
Damage to the myelin sheath disrupts the transmission of signals between the brain and other parts of the body, affecting functions such as vision, sensation, and movement. This myelin damage can occur in the brain, spinal cord, and the nerves that connect to the eyes.
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Market Growth Trends
Rising adoption of novel therapeutics
The increasing adoption of novel therapeutics is anticipated to drive market growth over the forecast period. These new therapies often provide enhanced efficacy compared to traditional treatments, leading to better management of multiple sclerosis symptoms and slowing disease progression.
Improved effectiveness can result in higher patient satisfaction and increased confidence among healthcare providers in prescribing these treatments. Among these, biosimilars are particularly notable for their rapid development and evolution.
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Market is segmented
By Disease Type: Clinically Isolated Syndrome, Relapsing-Remitting Multiple Sclerosis, Secondary-Progressive Multiple Sclerosis, Primary-Progressive Multiple Sclerosis
By Drug Class: Disease-Modifying Therapies, Corticosteroids, Monoclonal Antibodies, Interferon Beta Medications, Others
By Route of Administration: Oral, Intravenous, Parenteral, Others
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
By Region: North America, Europe, South America, Asia Pacific, Middle East, and Africa
Market Key Players
- iogen Inc.
- Novartis AG
- Hoffmann-La Roche Ltd
- Genentech, Inc.
- Janssen Biotech, Inc.
- TG Therapeutics, Inc.
- Banner Life Sciences
- Bristol-Myers Squibb Company
- Genzyme Corporation
- Teva Pharmaceutical Industries Ltd
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