The study report maps the global market for multiple sclerosis in terms of the latest trends that are currently prevailing in the market, driving and restraining factors of the global market, and the possible opportunities that may arise in the market over the course of the given forecast period. The study report also provide an in-depth evaluation of the current dynamics of the global multiple sclerosis market and talks about the overall competitive landscape of the market. The research report is the result of the data gathered through comprehensive assessment of the market and the information collected from the experts in the industry. The study report also provides crucial information on the prominent players that are presently plying their trade in the global multiple sclerosis market. The report also cover the overall prospects of growth of the global market during the course of the mentioned forecast period of 2011 to 2022.
The global multiple sclerosis market is anticipated to grow steadily and cross an overall valuation of US$20 bn by the end of 2022. Multiple sclerosis is one of the highly common neurological diseases found across the globe. It is expected that the number of patients suffering from multiple sclerosis across the globe will rise by almost 35,000 by the year 2022. The recent studies have found out that there is a vast gap between the actual and untapped market as the adoption of disease treating therapy varies from region to region. Untapped global market for multiple sclerosis is expected to be much higher than its actual market.
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One of the key driving factors for driving the growth of the global market for multiple sclerosis is the reimbursement policy. The drugs used for treating sclerosis are highly expensive and it becomes extremely difficult to afford these expensive drugs without any reimbursement. Most of the countries in North America and Europe offer reimbursement policy to its patients. This has led to increased adoption for treating the diseases and thus, driving the growth of the overall market.
As mentioned earlier, the drug prices for treating multiple sclerosis are very high and thus is responsible for impeding the growth of the market as well. It is expected that the newly developed drugs for treating multiple sclerosis will be even more expensive that the drugs available for the previous generation. The multiple sclerosis drugs in the U.S. are almost five times costlier than those available in Europe market. Such high costs are thus creating hindrances in the development of the market.
Recently, the injectable diseases treatment therapy for multiple sclerosis have been losing its ground. It is expected that the development of new oral drugs for treating the neurological disorder will be adopted on a larger scale.
Depending on the type of treatment mode the global multiple sclerosis market and patients treated can be categorized into oral drugs, infusion drugs, and injectable drugs. The drugs segment is heavily impacted by the considerable rise in the number of patients suffering from secondary relapsing-remitting and progressive multiple sclerosis.
The global multiple sclerosis market can be segmented into key regions as per the research report such as United States, Germany, United Kingdom, Italy, Spain, and France among others.
Some of the key players in the global market include names such as Biogen Idec, Novartis, Pfizer, and Bayer Healthcare among others.
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