Multiple Sclerosis Therapies Market by Type (Immunosuppressants and Immunomodulators) and Route of Administration (Oral, Injectable, and Intravenous): Global Opportunity Analysis and Industry Forecast, 2019-2026.
The global multiple sclerosis (MS) therapies market was valued at $22.99 billion in 2018, and is projected to reach $28.00 billion by 2026, registering a CAGR of 2.5% from 2019 to 2026.
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The interest for various sclerosis drugs market is becoming as the quantity of individuals determined to have the condition keeps on rising. Consistently, over 2.8 million individuals are determined to have various sclerosis. There are various variables driving the development sought after for these medications. The populace, first and foremost, is maturing, and MS is more normal in more seasoned individuals. Furthermore, familiarity with MS has expanded, meaning more individuals are looking for conclusion and treatment. Lastly, new medicines have arisen that are more powerful than any time in recent memory.
Covid-19 Scenario-
- According to the National MS society’s National Medical Advisory Committee, the decisions regarding disease modifying therapies should be collaboratively taken between the person with MS and his healthcare provider during the COVID-19 pandemic.
- On the basis of their expert advice the society recommends that people with MS should follow CDC guidelines along with additional information for people at risk for serious illness from COVID 19. People with MS should continue DMTs and discuss precise risks with their MS healthcare provider before stopping a DMT.
- On the other hand, the pharmaceutical providers all over the world are tackling the situation in terms of production to meet essential requirements. Moreover, the medicinal and other requirement for therapies may witnessed either shortage or delay due to disruption in the supply chain.
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Key Players in Global Multiple Sclerosis Drugs Market
- Bayer AG
- Biogen
- Bristol-Myers Squibb Company
- ABBVIE INC.
- F. Hoffmann-La Roche Ltd.
- Merck KGaA
- Novartis AG
- Pfizer Inc.
- SANOFI
- Teva Pharmaceutical Industries Ltd.
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Important Questions Being Answered by the Market Report
- What is the Multiple Sclerosis Therapies Market size and growth?
- What are the prominent and latest trends impacting the market?
- Which regions will observe growth on new occasions?
- Which players are adopting a functioning and planned framework to obtain customer loyalty?
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