According to a new report published by Allied Market Research, titled, โAmifampridine Market: Global Opportunity Analysis and Industry Forecast, 2021-2030โ Amifamprdine is used as a drug for treating a number of rare muscle diseases. The free base form of amifampridine is used to treat LambertโEaton myasthenic syndrome (LEMS) and congenital myasthenic syndromes. It was discovered in Scotland in the 1970s, and its use in LEMS was first shown in the 1980s. Amifampridine, a quaternary ammonium compound, can help block the presynaptic potassium channels. Thus, the drug helps prolong the action potential and aids in increasing presynaptic calcium concentration. Amifampridine is ideally given in the form of oral tablets three or four times a day.
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COVID-19 Scenario Analysis
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing a shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness significant growth in the future, owing to the demand for vaccines and treatment drugs for COVID-19.
However, with COVID-19, the supply chain of raw materials required to manufacture amifampridine has been disrupted in many countries. In addition, the market growth of pharmaceuticals is declining, as the manufacturers of drugs have slowed down their production due to the pandemic. With reduction in production activities, shortage of amifampridine has been witnessed in in many regions. This, in turn, is expected to have a significant impact on the amifampridine market.
Rise in prevalence of muscle-specific kinase myasthenia gravis is positively influencing the amifampridine market. This is attributed to the fact that amifampridine can be used to lessen symptoms of loss of muscle movement and muscle weakness associated with muscle-specific kinase myasthenia gravis.
Increase in healthcare spending by governments all across the world is enabling the manufacturers of amifampridine to penetrate deeper into the market. This factor is therefore positively influencing the market growth.
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The key players profiled in this report include Jacobus Pharmaceutical, Inc., Biosynth AG, Wockhardt Ltd., Unichem Laboratories, BLD Pharmatech Ltd., BioMarin Pharmaceutical, Inc., Norris Pharm Technology Co. Ltd., Glenmark Pharmaceuticals Ltd., Innovapharm Ltd., and Merck & Co., Inc.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ:
- This study presents the analytical depiction of the amifampridine industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the amifampridine market share.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the amifampridine market growth scenario.
- Porterโs five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in the coming years.
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Questions Answered in the Agoraphobia Treatment Market Report
- Which are the leading players active in the amifampridine market?
- How is each segment of the market expected to grow during the forecast period?
- What are the adoption trends for the amifampridine market in emerging economies and established economies across the world?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps in the market?
- What are the impacts of COVID-19 on the industry?
- What is amifampridine?
- What are the current and predicted trends of the market?
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