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Multiple Sclerosis Therapeutic Market Trends

  • Report ID: GMI11109
  • Published Date: Aug 2024
  • Report Format: PDF

Multiple Sclerosis Therapeutic Market Trends

Advancements in drug development for multiple sclerosis therapeutics have led to significant improvements in disease management. Over the past decade, emerging therapies have demonstrated superior efficacy and addressed the varied needs of patients. These developments are transforming the treatment landscape, offering more targeted, convenient, and personalized options that elevate patient outcomes and enhance overall quality of life.
 

  • Drugs such as siponimod (Mayzent) and ozanimod (Zeposia) have been engineered to target S1P receptors, which are pivotal in lymphocyte trafficking. By diminishing the count of circulating lymphocytes, these medications mitigate the autoimmune assault on the central nervous system (CNS).
     
  • For instance, in March 2019, Novartis received FDA approval for Mayzent (siponimod), an oral medication specifically indicated for treating secondary progressive multiple sclerosis (SPMS) with active disease. The approval benefited patients by offering a more convenient treatment regimen and demonstrated efficacy in reducing disability progression and relapse rates associated with SPMS.
     
  • Targeted therapies, notably monoclonal antibodies, have transformed the landscape of multiple sclerosis treatment by focusing on specific immune cells central to the disease. These modern therapies not only excel in reducing relapse rates but also help to slow disease progression when compared to older treatments.
     
  • Ongoing clinical trials have shaped the future of multiple sclerosis treatment. Trials for drugs such as ponesimod, Zeposia, and Ocrevus are yielding crucial data on their long-term safety and efficacy, which has helped refine treatment protocols and understand the benefits of these therapies.
     
  • Additionally, progress in genomics and biomarker research is enabling a shift towards personalized medicine, where treatments can be tailored based on individual genetic profiles. By identifying specific genetic markers associated with multiple sclerosis, healthcare providers can better match therapies to patients, enhancing treatment efficacy and minimizing adverse effects, thereby propelling market growth.
     
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global multiple sclerosis therapeutic industry was valued at USD 25.5 billion in 2023 and is anticipated to register 4.7% CAGR between 2024 and 2032, driven by increasing prevalence of multiple sclerosis.

The hospital pharmacy segment in the market accounted for USD 13.6 billion in 2023 due to specialized multiple sclerosis treatment, collaboration with healthcare professionals, and access to the latest therapies.

U.S. multiple sclerosis therapeutic market is expected to reach USD 13.3 billion by 2032, due to the high prevalence of multiple sclerosis and advanced healthcare facilities offering innovative treatments.

Abbvie Inc., Amgen Inc., Acorda Therapeutics, Inc., Biogen Inc., Bayer AG, Bristol-Myers Squibb Company., F. Hoffman-La Roche Ltd, and Johnson & Johnson, among others.

Multiple Sclerosis Therapeutic Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 287
  • Countries covered: 23
  • Pages: 176
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