Multiple Sclerosis Therapeutics Market

Multiple Sclerosis Therapeutics Market by Drugs (Copaxone, Immunomodulators, Immunosuppressant, Tysabri, Avonex, Gilenya, Tecfidera, Betaseron, Ampyra, Rebif, Extavia, Alemtuzumab, Aubagio, Plegridy, Glatopa, Ocrelizumab, Siponimod, Zinbryta, and Laquinimod), Routes of Administration (Intravenous, Oral, and Injectable), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-2430
  • Author: Growth Market Reports
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  • No. Of Pages: 187
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The global multiple sclerosis therapeutics market size is anticipated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising cases of patients suffering secondary progressive multiple sclerosis and increasing demand for efficient drugs.

Multiple Sclerosis Therapeutics Market summary

Multiple sclerosis (MS) is an autoimmune disease that affects the central nervous system, particularly the connection between the brain and other parts of the body. It is a demyelinating disease in which the insulating coverings of spinal cord and nerve cells in the brain are damaged. Partial or total vision loss, extended visual loss, lack of coordination, and slurred speech are the most prevalent signs of the condition. Furthermore, the kinds of multiple sclerosis include primary progressive MS, secondary progressive MS, and relapsing-remitting MS. The most prevalent variety of MS is relapsing-remitting MS, which is marked by distinct attacks with growing neurological symptoms. Meanwhile, the primary progressive MS is a rare form characterized by slow disease progression and secondary progressive MS is commonly found in persons with relapsed-remitting MS.

The COVID-19 pandemic has emerged as the world's most critical healthcare crisis in 2020. This would be problematic for underdeveloped countries around the world in terms of trade disruptions that lead to lower imports. Supply chain interruptions due to this pandemic situation would harm product sales for short period of time. However, pharmacies are allowed to remain open during the lockdown, MS medications have been available throughout the pandemic. Furthermore, due to the COVID-19 pandemic, several firms are reducing their clinical trial operations and delaying new product launches. For example, Bristol-Myers Squibb postponed the marketing of their multiple sclerosis medicine Zeposia (ozanimod).

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing investment in clinical R&D programs for the development of novel therapies to treat multiple sclerosis is expected to boost the market growth.
  • Growing government initiatives and ongoing awareness campaigns related to multiple sclerosis are key factors fueling the market growth.
  • Increased efficacy in operations, therapeutic expertise, and on demand service for analytical testing devices are fueling the market expansion.
  • Increasing expenditures and high cost investment in the treatment process are likely to hamper the market growth.
  • Ongoing development in operational expertise by key pharmaceutical players to enhance the laboratory testing are likely to offer immense opportunities for the market development in the long run.

Scope of the Report

The report on the global multiple sclerosis therapeutics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Multiple Sclerosis Therapeutics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Drugs (Copaxone, Immunomodulators, Immunosuppressant, Tysabri, Avonex, Gilenya, Tecfidera, Betaseron, Ampyra, Rebif, Extavia, Alemtuzumab, Aubagio, Plegridy, Glatopa, Ocrelizumab, Siponimod, Zinbryta, and Laquinimod), and Routes of Administration (Intravenous, Oral, and Injectable)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Novartis International AG; Bayer AG.; Biogen Idec Inc.; Teva Pharmaceuticals Industries Ltd.; Pfizer Inc.; Sanofi S.A.; and Merck & Co. Inc.

Market Segment Insights

Immunomodulators segment is expected to grow at a rapid pace

Based on drugs, the global multiple therapeutics sclerosis market is segmented into copaxone, immunomodulators, immunosuppressant, tysabri, avonex, gilenya, tecfidera, betaseron, ampyra, rebif, extavia, alemtuzumab, aubagio, plegridy, glatopa, ocrelizumab, siponimod, zinbryta, and laquinimod. The immunomodulators segment is expected to grow at a rapid pace during the forecast period owing to the brand loyalty, higher prescription rate, and the availability of wide range of drugs options.

However, the immunosuppressants segment is estimated to account for a considerable market share in the coming years. The segment growth can be attributed to favorable effects on patients with relapsing-remitting multiple sclerosis by weakening the immune system and terminating the autoimmune attack in the patient's body and preventing relapses. Alemtuzumab, dimethyl fumarate, fingolimod, glatiramer acetate, interferon beta preparations, natalizumab, ocrelizumab, and teriflunomide are the only immunosuppressants licensed for the use in relapsing forms of MS.

Oral segment is projected to expand at a considerable CAGR

On the basis of routes of administration, the market is segregated as intravenous, oral, and injectable. The oral segment is projected to expand at a considerable CAGR during the forecast period. The growth of the segment is attributed to the introduction of novel oral drugs such as Laquinimod, Ozanimod, Siponimod (BAF312), and Tecfidera in the market for the treatment of MS. Furthermore, mayzent (siponimod) tablets were approved by the US Food and Drug Administration (FDA) in March 2019 to treat adults with relapsing forms of MS, consisting of clinically isolated syndrome, active secondary progressive disease, and relapsing-remitting disorder.

Multiple Sclerosis Therapeutics Market routes of administration

North America is anticipated to constitute a key market share

In terms of regions, the global multiple sclerosis therapeutics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key market share during the forecast period due to increasing cases of multiple sclerosis and the introduction of new medication such as Aubagio and Tysabri.

Furthermore, according to the National Multiple Sclerosis Society, there are 291 out of every 100000 persons in Canada living with multiple sclerosis (MS). The organization has estimated that there are roughly 1 million persons suffering from MS in the US. Thus, it is expected to boost the market in the region.

Multiple Sclerosis Therapeutics Market region

Segments

Segments Covered in the Report
The global multiple sclerosis therapeutics market has been segmented on the basis of
Drugs

  • Copaxone
  • Immunomodulators
  • Immunosuppressant
  • Tysabri
  • Avonex
  • Gilenya
  • Tecfidera
  • Betaseron
  • Ampyra
  • Rebif
  • Extavia
  • Alemtuzumab
  • Aubagio
  • Plegridy
  • Glatopa
  • Ocrelizumab
  • Siponimod
  • Zinbryta
  • Laquinimod

Routes of Administration

  • Intravenous
  • Oral
  • Injectable

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Novartis International AG
  • Bayer AG.
  • Biogen Idec Inc.
  • Teva Pharmaceuticals Industries Ltd.
  • Pfizer Inc.
  • Sanofi S.A.
  • Merck & Co. Inc.

 

Competitive Landscape

Some of the major companies competing in the global multiple sclerosis therapeutics market are Novartis International AG; Bayer AG.; Biogen Idec Inc.; Teva Pharmaceuticals Industries Ltd.; Pfizer Inc.; Sanofi S.A.; and Merck & Co. Inc. Most of these big players are implementing various marketing strategies such as partnerships, mergers & acquisitions, collaboration, and extensive product portfolio along with expanding service capacity on various geographies to secure their competitive edge in the global market.

For example, the MS Society has invested huge amount of money in MS-STAT2 trial in 2017, that provides the first-ever neuroprotective treatment for Multiple Sclerosis. Copaxone (glatiramer acetate injection) was launched in the pre-filled autoinjector YpsoMate by Teva Pharmaceuticals USA, Inc. in July 2019. This launch aided patients in managing medicine doses and allowing them to self-administer drug doses without the assistance of a drug administrator. In August 2020, Genzyme Corporation has signed acquired Principia Biopharma Inc., which aimed to develop therapy solutions for immune-mediated diseases. This acquisition strengthens the company's research efforts in the field of multiple sclerosis as well as other immune-mediated diseases.
 

Multiple Sclerosis Therapeutics Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Multiple Sclerosis Therapeutics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Multiple Sclerosis Therapeutics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Multiple Sclerosis Therapeutics Market - Supply Chain
  4.5. Global Multiple Sclerosis Therapeutics Market Forecast
     4.5.1. Multiple Sclerosis Therapeutics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Multiple Sclerosis Therapeutics Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Multiple Sclerosis Therapeutics Market Absolute $ Opportunity
5. Global Multiple Sclerosis Therapeutics Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Multiple Sclerosis Therapeutics Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Multiple Sclerosis Therapeutics Demand Share Forecast, 2019-2026
6. North America Multiple Sclerosis Therapeutics Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Multiple Sclerosis Therapeutics Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Multiple Sclerosis Therapeutics Demand Share Forecast, 2019-2026
7. Latin America Multiple Sclerosis Therapeutics Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Multiple Sclerosis Therapeutics Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Multiple Sclerosis Therapeutics Demand Share Forecast, 2019-2026
8. Europe Multiple Sclerosis Therapeutics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Multiple Sclerosis Therapeutics Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Multiple Sclerosis Therapeutics Demand Share Forecast, 2019-2026
9. Asia Pacific Multiple Sclerosis Therapeutics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Multiple Sclerosis Therapeutics Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Multiple Sclerosis Therapeutics Demand Share Forecast, 2019-2026
10. Middle East & Africa Multiple Sclerosis Therapeutics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Multiple Sclerosis Therapeutics Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Multiple Sclerosis Therapeutics Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Multiple Sclerosis Therapeutics Market: Market Share Analysis
  11.2. Multiple Sclerosis Therapeutics Distributors and Customers
  11.3. Multiple Sclerosis Therapeutics Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Novartis International AG
     11.4.2. Bayer AG.
     11.4.3. Biogen Idec Inc.
     11.4.4. Teva Pharmaceuticals Industries Ltd.
     11.4.5. Pfizer Inc.
     11.4.6. Sanofi S.A.
     11.4.7. Merck & Co. Inc.

Segments Covered in the Report
The global multiple sclerosis therapeutics market has been segmented on the basis of
Drugs

  • Copaxone
  • Immunomodulators
  • Immunosuppressant
  • Tysabri
  • Avonex
  • Gilenya
  • Tecfidera
  • Betaseron
  • Ampyra
  • Rebif
  • Extavia
  • Alemtuzumab
  • Aubagio
  • Plegridy
  • Glatopa
  • Ocrelizumab
  • Siponimod
  • Zinbryta
  • Laquinimod

Routes of Administration

  • Intravenous
  • Oral
  • Injectable

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Novartis International AG
  • Bayer AG.
  • Biogen Idec Inc.
  • Teva Pharmaceuticals Industries Ltd.
  • Pfizer Inc.
  • Sanofi S.A.
  • Merck & Co. Inc.

 

Some of the major companies competing in the global multiple sclerosis therapeutics market are Novartis International AG; Bayer AG.; Biogen Idec Inc.; Teva Pharmaceuticals Industries Ltd.; Pfizer Inc.; Sanofi S.A.; and Merck & Co. Inc. Most of these big players are implementing various marketing strategies such as partnerships, mergers & acquisitions, collaboration, and extensive product portfolio along with expanding service capacity on various geographies to secure their competitive edge in the global market.

For example, the MS Society has invested huge amount of money in MS-STAT2 trial in 2017, that provides the first-ever neuroprotective treatment for Multiple Sclerosis. Copaxone (glatiramer acetate injection) was launched in the pre-filled autoinjector YpsoMate by Teva Pharmaceuticals USA, Inc. in July 2019. This launch aided patients in managing medicine doses and allowing them to self-administer drug doses without the assistance of a drug administrator. In August 2020, Genzyme Corporation has signed acquired Principia Biopharma Inc., which aimed to develop therapy solutions for immune-mediated diseases. This acquisition strengthens the company's research efforts in the field of multiple sclerosis as well as other immune-mediated diseases.
 

Multiple Sclerosis Therapeutics Market keyplayers

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