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Global Multiple Sclerosis Market to Witness 3% Compound Annual Growth Rate over the Forecast Years (2022 – 2030); A Report by Absolute Markets Insights

Published On 08 Nov 2022 12:43 AM


The central nervous system is affected by chronic illness known as multiple sclerosis (MS). The immune system attacks myelin, the covering that surrounds nerve fibres, when a person has multiple sclerosis. Additionally, it can result in long-lasting lesions brought on by scar tissue, which can impair the brain's ability to communicate with the body. Evidence has shown that the incidences and prevalence of MS have been rising globally in recent decades. Various leading players and healthcare organizations are investing into advanced treatments and therapies for multiple sclerosis. For instance, Mesenchymal stem cell (MSC) therapy for Multiple Sclerosis, in particular the infusion of MSCs, has shown considerable promise in helping to reduce symptoms and control the course of the condition. Multiple models have shown MSCs to have the immunomodulatory (ability to control the immune system), tissue-protective, and repair-promoting qualities that make them a promising treatment for multiple sclerosis (MS) and other disorders marked by inflammation and/or tissue injury. Thus, during the forecast period, the global multiple sclerosis market will undergo huge advancements, which in turn will support the growth of the market globally. The global multiple sclerosis market was worth US$ 23.89 Bn in 2021. 

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By Type

Multiple sclerosis has been categorised under four types (namely clinically isolated syndrome, relapsing remitting, secondary progressive and primary progressive) wherein each type has various symptoms and there are no specific ways to predict with certainty of how individuals’ disease will progress. Relapsing–remitting MS: the most common form, affects about 85% of MS patients. It is characterised by relapses or exacerbations of symptoms that are followed by intervals of remission during which the symptoms either subside or improve. The RRMS process, however, will be different for every individual. After a relapse, the new symptoms may go away without increasing the level of disability, or they may partially go away and raise the level of disability.

By Route of Administration

Based on the route of administration, the global multiple sclerosis market is segmented into subcutaneous, oral and intravenous. As multiple sclerosis have different stages the route of administration depends upon the type of multiple sclerosis. For instance, treatment options for relapsing-remitting MS include injectable and oral medications, whereas on the other hand oral and infusion-based treatments are also opted for treating different stages of multiple sclerosis. Although in the last few years, intravenous route of administrations are being highly preferred. An increase in adherence, quality of life, and patient satisfaction with their therapy, as well as a decrease in fatigue, were seen, per a study, when the method of administration changed from injectable to oral.

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By Treatment

Until the late 20th century, methotrexate, azathioprine, and cyclophosphamide were some of the wide-spectrum immunosuppressants used to treat multiple sclerosis. Subcutaneous interferon (IFN) beta 1b was the first disease-modifying medication that the American Food and Drug Administration (FDA) had approved. Although there is no known treatment for multiple sclerosis (MS), there has been significant advancement in the creation of new medications. There is continuing research to create novel and improved disease-modifying treatments (DMTs) for this central nervous system condition. Approximately 10% of MS patients are initially identified as having the progressive type of the illness (primary-progressive MS). There is currently just one FDA-approved DMT for primary-progressive MS, and it has a limited impact on slowing the development of disabilities over time. Additionally, the leading players in the market are focussed on introducing advanced therapies and treatments for multiple sclerosis which will boost the growth of global multiple sclerosis market in the upcoming years.

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By Region

The Asia Pacific region is anticipated to be the fastest growing region in the multiple sclerosis market during the forecast period. Although multiple sclerosis is relatively uncommon in Asia Pacific, but over the last few years there has been a rise in cases of people suffering from multiple sclerosis due to lifestyle changes. With the rise in awareness about multiple sclerosis, leading players in the market along with government healthcare organizations are investing into advanced treatments as well as effective drugs for the treatment of multiple sclerosis. Thus in the upcoming years, Asia Pacific region will experience promising results for multiple sclerosis market.

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The key market participants operating in the global multiple sclerosis market are:

  • Acorda Therapeutics
  • Bayer AG
  • Berlex 
  • Biogen
  • F. Hoffmann-La Roche Ltd
  • Novartis AG
  • Pfizer Inc
  • Sanofi
  • Teva Pharmaceutical Industries Ltd.
  • TG Therapeutics, Inc.
  • Other Market Participants

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Global Multiple Sclerosis Market

By Types

  • Clinically isolated syndrome (CIS)
  • Relapse-remitting MS (RRMS)
  • Primary progressive MS (PPMS)
  • Secondary progressive MS (SPMS)

By Diagnosis

  • Blood Test
  • Spinal Tap
  • MRI
  • Evoked potential tests
  • Optical coherence tomography (OCT)
  • Others

By Route of Administration

  • Subcutaneous
  • Oral
  • Intravenous

By Treatment

  • Corticosteroids
  • Disease-modifying therapies (DMTs)
  • Plasma exchange (plasmapheresis)
  • Injectables
  • Oral treatments
  • Infusions treatments
  • Physical Therapy
  • Others

By End User

  • Hospitals
  • Specialty Clinics
  • Homecare
  • Others

By Region

  • North America (U.S., Canada, Mexico, Rest of North America)
  • Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
  • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
  • Latin America (Brazil, Argentina, Rest of Latin America)  

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Press Release Provided By: Absolute Markets Insights