Multiple Sclerosis Drugs Market
Multiple sclerosis is a neurological disorder that attacks the Central Nervous System (CNS) and optic nerve of humans. It causes deterioration of nerves in the cranium and spinal cord that progresses over time. There has been no permanent cure invented yet. Still, various promising multiple sclerosis drugs are available in the market that improves patients’ lifestyle by alleviating pain, fatigue, anxiety, and other rigid symptoms elevating the demand among citizens.
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Prominent Players Profiled in the Multiple Sclerosis Drugs Market:
- Biogen, Inc.
- Pfizer, Inc.
- F. Hoffman-La Roche, Ltd.
- Sanofi
- Merck & Co., Inc.
- Bristol Myers Squibb Company
- Novartis AG
- Teva Pharmaceutical Industries, Ltd.
- Celgene Corporation
- Bayer AG
- Acorda Therapeutics, Inc.
- Others
Market Drivers
The advancement in the field of medical science has introduced life-changing medicine to treat incurable diseases, and the awareness regarding multiple sclerosis drugs is the main driving force to this market. Approximately 1 Million U.S. citizens are affected by this disease, and 2.3 million people live with it worldwide. This common prevalence boosts the need for effective multiple sclerosis treatment pushing the biopharmaceutical industry to produce more drugs annually. The aggravating government initiatives to increase awareness about the auto-immune condition and provision of low-interest loans act as a significant factor towards revenue growth. Available in the form of oral pills and injections, multiple sclerosis drugs have a broad spectrum of FDA approved medications available at a medical representative’s prescription.
Drug Class
- Immunomodulatory
- Immunosuppressant
- Interferon
- Others
Route of Administration
- Oral
- Injection
Distribution Channel/End-user industry
- Hospital
- Clinics
- Retail and Online Pharmacies
- Others
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Overview of the TOC of the Report:
- Introduction, Scope, and Overview
- Opportunities, Risks, and Drivers
- Competition landscape analysis with sales, revenue, and price
- Extensive Profiling of the key competitors with the sales figures, revenue, and market share
- Regional analysis with sales, revenue, and market share for each region for the forecast period
- Country-wise analysis of the Multiple Sclerosis Drugs market by type, application, and manufacturers
- Market Segmentation based on types
- Market segmentation based on applications
- Historical and forecast estimation and other chapters.
Regional Analysis
North America led the global multiple sclerosis drug market in 2019 and is expected to dominate in the projected timeline due to the rise in the number of diagnosed patients, new product launches, progressing research industry, and undistracted focus on preventive medication in the region. Europe is also expected to register potential growth due to the increasing government initiatives undertaken to implement new healthcare policies and the chance for medical reimbursements.
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