Multiple Sclerosis Therapies market report offers one of the best solutions to know the trends and opportunities in Multiple Sclerosis Therapies industry. This report offers broader perspective of the market place with its comprehensive market insights and analysis. The Multiple Sclerosis Therapies market research report contains lot of features to offer for Multiple Sclerosis Therapies industry which includes general market conditions, trends, inclinations, key players, opportunities, and geographical analysis. What is more, this report provides superior market perspective in terms of product trends, marketing strategy, future products, new geographical markets, future events, sales strategies, customer actions or behaviours.
The Multiple Sclerosis Therapies report contains top to bottom analysis and estimation of various market related factors that are incredibly crucial for better decision making. Competitive analysis has been carried out in the Multiple Sclerosis Therapies report for the major players in the market, which supports businesses take better moves for enhancing their product and sales. Furthermore, this Multiple Sclerosis Therapies research report takes into consideration several industry verticals such as company profile, contact details of players, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company.
Data Bridge Market Research analyses that the multiple sclerosis therapies market is expected to reach USD 38.33 million by 2030, which is USD 25.75 million in 2022, and is expected to undergo a CAGR of 5.10% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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The increasing burden of different infectious diseases on the global healthcare system is a main consideration, with emerging countries bearing a disproportionate share of the burden. As per the Institute of Liver and Biliary Sciences India, about 3% of the world's population is hugely infected with the hepatitis C virus. The global increase in the occurrence of HCV infections, particularly both in developed and developing countries is a primary factor leading to the growth of the global multiple sclerosis therapies market.
Key Growth Drivers:
- Increasing Incidence of Multiple Sclerosis
There has been increasing occurrences of multiple sclerosis globally. According to the National Multiple Sclerosis Society’s study, around 1 million adults were suffering with multiple sclerosis in the U.S. in 2017. An estimated incidence of the disease was around 309 cases per 100,000 people in 2010, resulting in total of 727,344 multiple sclerosis cases among adults. According to the Government of Canada, more than 77,000 Canadians were surviving with multiple sclerosis of which 3/4th were women. The Multiple Sclerosis Society stated that about 110,000 people were suffering from the condition in the UK in 2018. It is also observed that MS is more than twice incident in females. The number of new patients diagnosed every year is also growing, which means that the number rise from 5,000 patients in 2017 to 6,700 in 2018. Thus, this incidence rate is boosting the demand for the treatment drugs.
The report outlines the involvement of key players, including:
AbbVie Inc. (U.S.), Bausch Health Companies Inc. (Canada), Biora Therapeutics, Inc (U.S.), Boehringer Ingelheim International Gmbh (Germany), Amgen Inc. (U.S.), Pfizer Inc (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Mylan N.V. (U.S.), Novartis AG (Switzerland)., Bayer AG (Germany), Bristol Myers Squibb Company (U.S.), Biogen (U.S.), Teva Pharmaceutical Industries Ltd (Israel), Takeda Pharmaceutical Company Limited (Japan), Jazz Pharmaceuticals, Inc (U.K.), Abbott (U.S.), Bio-Rad Laboratories Inc. (U.S.), Mylan N.V. (U.S.)
Key Market Segmentation
Type (Immunosuppressants, Immunomodulators) Route of Administration (Oral, Injectable, Intravenous), End User (Hospitals, Trauma Centres, Ambulatory Surgical Centres and Other)
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