Spinal Muscular Atrophy Treatment Market – By Type (Werdnig-Hoffmann Disease, Kugelberg-Welander Disease), Treatment Type (Medication {Gene Therapy}, Supportive Care), Route of Administration (Oral, Parenteral), End-use – Global Forecast, 2024 2032
Report ID: GMI11091
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Published Date: August 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 14
Tables & Figures: 343
Countries covered: 23
Pages: 211
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Spinal Muscular Atrophy Treatment Market Size
Spinal Muscular Atrophy Treatment Market size was valued at USD 7.3 billion in 2023 growing at a CAGR of 19.1% between 2024 and 2032. The key factors driving market growth include the expansion of newborn screening programs, which have led to earlier diagnoses of spinal muscular atrophy (SMA), increasing the number of patients eligible for treatment. Early diagnosis improves patient outcomes and boosts demand for medication to treat neurological conditions.
For instance, according to a report published by Health Union, LLC, SMA is one of the most common genetic conditions affecting children. One in every 6,000 to 10,000 babies worldwide is born with SMA. Type 1 SMA is the most severe form and accounts for more than half of all cases. Additionally, the prevalence of SMA is about 1 in 100,000 people globally. The prevalence is lower than the incidence due to the shorter lifespan associated with the most common SMA types. Approximately 25,000 Americans currently live with SMA. Thus, continuous advancements in diagnostic technology and increased awareness among healthcare providers and patients about SMA and its treatment options, leading to earlier interventions and higher treatment uptake, are anticipated to foster market growth.
Spinal muscular atrophy (SMA) treatment refers to medical interventions designed to manage and alleviate the symptoms of SMA, a genetic disorder characterized by the loss of motor neurons in the spinal cord, leading to muscle weakness and atrophy. Moreover, people with SMA often experience respiratory infections, scoliosis, and joint contractures (chronic shortening of muscles and tendons). While SMA primarily affects infants and children, it can also occur in adults.
Spinal Muscular Atrophy Treatment Market Trends
The ongoing innovation and advancement in gene therapy and other treatments for spinal muscular atrophy are anticipated to propel market growth during the analysis period. For instance, animal data presented in 2022 at the American Society of Gene and Cell Therapy (ASGCT), the European Society of Gene and Cell Therapy (ESGCT), and the World Muscle Congress showed that the gene therapy outperformed the benchmark therapy across multiple key endpoints in a mouse model of SMA and exhibited significantly less liver toxicity when administered intravenously. Thus, ongoing research into next-generation gene therapies and small molecule drugs is expanding the range of treatment options, attracting more investment and interest in the market, which is expected to contribute to its growth.
Spinal Muscular Atrophy Treatment Market Analysis
Based on the type, the market is classified into Werdnig-Hoffmann disease, infant SMA, Kugelberg-Welander disease, and adult SMA. The Werdnig-Hoffmann disease segment dominated the market with revenue of USD 2.9 billion in 2023.
Based on the treatment type, the spinal muscular atrophy treatment market is segmented into medication, supportive care, and spinal surgery. The medication segment is further bifurcated into gene therapy, antisense oligonucleotides, and other medications. The supportive care segment is classified into physical therapy, respiratory support, and nutritional support. The medication segment dominated the market with market share of 64.2% in 2023.
Based on the route of administration, the spinal muscular atrophy treatment market is segmented into oral and parenteral. The oral segment dominated the market and is expected to reach USD 19.5 billion by 2032.
Based on end-use, the spinal muscular atrophy treatment market is classified into hospitals, specialty clinics, homecare settings, and other end-users. The hospitals segment is expected to exhibit 19.2% CAGR between 2024-2032.
In 2023, North America secured a substantial market share of 45.6% in the spinal muscular atrophy treatment market and is expected to dominate throughout the forecast period.
The spinal muscular atrophy treatment market in U.S. is expected to exhibit 19% CAGR between 2024 - 2032.
Germany to experience the highest growth rate in the Europe market.
The Asia Pacific spinal muscular atrophy treatment market is expected to grow with a significant CAGR of 19.6% during the forecast period.
Spinal Muscular Atrophy Treatment Market Share
The market is characterized by intense competition among key players aiming to expand their market presence. Leading companies are focusing on strategic initiatives such as mergers, acquisitions, and partnerships to strengthen their market position. These efforts aim to enhance their product and service offerings, expand their geographic reach, and invest in advanced technologies. The market also witnesses the entry of new players, further intensifying the competitive landscape.
Spinal Muscular Atrophy Treatment Market Companies
The company profile section includes both companies that have commercial drug available in the market as well as those that are onto clinical phase development. Prominent players operating in the market are as mentioned below:
Spinal Muscular Atrophy Treatment Industry News:
The spinal muscular atrophy treatment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Type
Market, By Treatment Type
Market, By Route of Administration
Market, By End-use
The above information is provided for the following regions and countries: