Global Multiple Sclerosis Drugs Market is valued approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2022-2029. Multiple sclerosis is an inflammatory immune-mediated disorder that affects nerve cells in the brain and the spinal cord, causing axonal transection, demyelination, and neurodegeneration. Some of the most often used treatments include physical therapy, muscle relaxants, antidepressants, and oral, injectable, and infused medications. Oral drugs including dimethyl fumarate, teriflunomide, and cladribine; intravenous infusion therapies like ocrelizumab; and injectable therapies like interferon-beta, glatiramer acetate, given intramuscularly or subcutaneously. The key factor driving the market growth is rising prevalence of Multiple Sclerosis disease and rising R&D investment by the market players for the drugs development that anticipated to support the market growth during forecast period.
According to the Multiple Sclerosis International Federation (MSIF), the number of patients with multiple sclerosis throughout the globe increased from 2.3 million in 2013 to 2.8 million in 2020. The demand for effective multiple sclerosis diagnosis and treatment has increased worldwide as a result of the disease's rising prevalence. Also, the rising R&D and clinical trial by the market players will create the lucrative demand for the market. For instance, For the therapy of non-relapsing secondary progressive MS (nrSPMS), relapsing forms of MS (RMS), and primary progressive MS, Sanofi is conducting a phase III clinical trial for tolebrutinib (PPMS). Sanofi anticipates submitting this medication in 2024 and 2025+, respectively, for the approved indications. Additionally, the rising government support for the treatment of multiple sclerosis is likely to increase the market growth during the forecast period. However, the high cost of Multiple Sclerosis Drugs stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Multiple Sclerosis Drugs Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the rising R&D investment, new product development, and growing demand for immunosuppressant and molecular antibody drugs. Whereas, Asia Pacific is also anticipated to exhibit highest growth rate over the forecast period, owing to factors such as growing prevalence of multiple sclerosis disease and rising government initiatives in several countries to reduce the cost of treatment would create lucrative growth prospects for the Multiple Sclerosis Drugs market across Asia Pacific region.
Major market players included in this report are:
- Biogen Inc.
- Pfizer Inc.
- F. Hoffmann-La Roche Ltd.
- Novartis AG
- Merck & Co., Inc.
- Sanofi S.A.
- Teva Pharmaceutical Industries Ltd.
- Janssen Pharmaceuticals, Inc. (Johnson & Johnson Corporation)
- Bristol-Myers Squibb Company
- Cipla Inc.
Recent Developments in the Market:
- In March 2021, Janssen Pharmaceutical, Inc. revealed the U.S. FDA approval of Ponvory, an oral specific sphingosine-1-phosphate receptor 1 (S1P1) modulator to treat people with relapsing forms of MS. In comparison to Aubagio, Ponvory is more effective at lowering annual relapse rates. The company increased its range of products for the treatment of MS with the inclusion of this product in its portfolio.
Global Multiple Sclerosis Drugs Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Drug Class, Route of Administration, Distribution Channel, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Drug Class:
- Immunomodulators
- Immunosuppressants
- Interferons
By Route of Administration:
By Distribution Channel:
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Multiple Sclerosis Drugs Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Multiple Sclerosis Drugs Market, by Drug Class, 2019-2029 (USD Billion)
- 1.2.3. Multiple Sclerosis Drugs Market, by Route of Administration, 2019-2029 (USD Billion)
- 1.2.4. Multiple Sclerosis Drugs Market, by Distribution Channel, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Multiple Sclerosis Drugs Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Multiple Sclerosis Drugs Market Dynamics
- 3.1. Multiple Sclerosis Drugs Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising prevalence of multiple sclerosis disease
- 3.1.1.2. Growing R&D Investment
- 3.1.2. Market Challenges
- 3.1.2.1. High cost of multiple sclerosis drugs
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising government support for the treatment of multiple sclerosis
Chapter 4. Global Multiple Sclerosis Drugs Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Multiple Sclerosis Drugs Market, by Drug Class
- 6.1. Market Snapshot
- 6.2. Global Multiple Sclerosis Drugs Market by Drug Class, Performance - Potential Analysis
- 6.3. Global Multiple Sclerosis Drugs Market Estimates & Forecasts by Drug Class 2019-2029 (USD Billion)
- 6.4. Multiple Sclerosis Drugs Market, Sub Segment Analysis
- 6.4.1. Immunomodulators
- 6.4.2. Immunosuppressants
- 6.4.3. Interferons
Chapter 7. Global Multiple Sclerosis Drugs Market, by Route of Administration
- 7.1. Market Snapshot
- 7.2. Global Multiple Sclerosis Drugs Market by Route of Administration, Performance - Potential Analysis
- 7.3. Global Multiple Sclerosis Drugs Market Estimates & Forecasts by Route of Administration 2019-2029 (USD Billion)
- 7.4. Multiple Sclerosis Drugs Market, Sub Segment Analysis
- 7.4.1. Oral
- 7.4.2. Injection
Chapter 8. Global Multiple Sclerosis Drugs Market, by Distribution Channel
- 8.1. Market Snapshot
- 8.2. Global Multiple Sclerosis Drugs Market by Distribution Channel, Performance - Potential Analysis
- 8.3. Global Multiple Sclerosis Drugs Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
- 8.4. Multiple Sclerosis Drugs Market, Sub Segment Analysis
- 8.4.1. Hospital Pharmacy
- 8.4.2. Retail Pharmacy
- 8.4.3. Online Pharmacy
Chapter 9. Global Multiple Sclerosis Drugs Market, Regional Analysis
- 9.1. Multiple Sclerosis Drugs Market, Regional Market Snapshot
- 9.2. North America Multiple Sclerosis Drugs Market
- 9.2.1. U.S. Multiple Sclerosis Drugs Market
- 9.2.1.1. Drug Class breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Route of Administration breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Distribution Channel breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Multiple Sclerosis Drugs Market
- 9.3. Europe Multiple Sclerosis Drugs Market Snapshot
- 9.3.1. U.K. Multiple Sclerosis Drugs Market
- 9.3.2. Germany Multiple Sclerosis Drugs Market
- 9.3.3. France Multiple Sclerosis Drugs Market
- 9.3.4. Spain Multiple Sclerosis Drugs Market
- 9.3.5. Italy Multiple Sclerosis Drugs Market
- 9.3.6. Rest of Europe Multiple Sclerosis Drugs Market
- 9.4. Asia-Pacific Multiple Sclerosis Drugs Market Snapshot
- 9.4.1. China Multiple Sclerosis Drugs Market
- 9.4.2. India Multiple Sclerosis Drugs Market
- 9.4.3. Japan Multiple Sclerosis Drugs Market
- 9.4.4. Australia Multiple Sclerosis Drugs Market
- 9.4.5. South Korea Multiple Sclerosis Drugs Market
- 9.4.6. Rest of Asia Pacific Multiple Sclerosis Drugs Market
- 9.5. Latin America Multiple Sclerosis Drugs Market Snapshot
- 9.5.1. Brazil Multiple Sclerosis Drugs Market
- 9.5.2. Mexico Multiple Sclerosis Drugs Market
- 9.5.3. Rest of Latin America Multiple Sclerosis Drugs Market
- 9.6. Rest of The World Multiple Sclerosis Drugs Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Biogen Inc.
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Pfizer Inc.
- 10.2.3. F. Hoffmann-La Roche Ltd.
- 10.2.4. Novartis AG
- 10.2.5. Merck & Co., Inc.
- 10.2.6. Sanofi S.A.
- 10.2.7. Teva Pharmaceutical Industries Ltd.
- 10.2.8. Janssen Pharmaceuticals, Inc. (Johnson & Johnson Corporation)
- 10.2.9. Bristol-Myers Squibb Company
- 10.2.10. Cipla Inc.
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption