Global Spinal Muscular Atrophy Market to grow at a CAGR of 14% in the coming years
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Spinal muscular atrophy (SMA) is one of the most common genomic disorders which are caused due to the loss of specialized nerve cells known as motor neurons in the brainstem and spinal cord. The impairment of motor neurons leads to the weakness and atrophy of muscles used for the regular activities like crawling, sitting, walking and the head movement. In worst cases, the muscles used for breathing and swallowing also get affected. On the basis of severity of muscle weakness, the age of disease commencement, there are four types of spinal muscular atrophy namely type 1, type 2, type 3 and type 4. Type 1, 2 and 3 of spinal muscle atrophy appears in childhood while type 4 appears in adulthood. According to Renub Research forecast the global Spinal Muscular Atrophy Market to grow at a CAGR of 14% in the coming years. This high growth rate is primarily due to good reimbursement options in western countries, declining drug prices and projected launch of new drugs.
One of the major growth drivers witnessing the growth of spinal muscular atrophy market is growing awareness of diagnosis and treatment of spinal muscular atrophy during the forecast period. The awareness about the spinal muscular atrophy diagnosis and treatment is growing among the patients. The recent outcome of spinal muscular atrophy treatment further plays a significant role in spreading awareness about the disease.
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Additionally, increasing government and non-government support for the treatment and diagnosis of spinal muscular atrophy further boost the growth Global Spinal Muscular Atrophy Market over the coming years. The government of several countries across the world has developed regulations to help medical professionals and caregivers decide when to administer the cure to the infants with spinal muscular atrophy. For instance: In 2018, the Canadian organization of rare disorders signed a petition for funding SPINRAZA for the treatment of Canadian patients with spinal muscular atrophy. Furthermore, one of the key factors attributing to the growth of the spinal muscular atrophy market is the rising investing by the key market players for the research and development of new and effective spinal muscular atrophy therapies.
Spinal muscular atrophy generally shows its symptoms in early childhood and is a prime cause of mortality in infants. According to Spinal Muscular Atrophy (SMA) Foundation 2015 statistics, spinal muscular atrophy has been affected nearly 10,000 to 25,000 children and adults in the United States. The rising incidence of damaged spinal muscular atrophy gene amongthe infants around the world is expected to boost the growth of spinal muscular atrophy in the next couple of years. On the other hand, the high cost of drugs and treatment is likely to restrain the growth of spinal muscular atrophy market over the forecast period. For example, Biogen’s Spinraza (nusinersen) medicine for spinal muscular atrophy (SMA) is estimated to cost US$ 125,000 per injection, accounting huge expense for the treatment.
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• Country-wise, the report provides the Spinal muscular atrophy market and market share of United States, United Kingdom, France, Germany, Spain, Italy and Japan.
• Number of Patients-wise the report provides the total & treated patients population and population share of United States, United Kingdom, France, Germany, Spain, Italy and Japan.
• Drug-wise, the report provides present and estimated global sales of Spinraza, AVXS-101, CK2127107, RG7916, Olesoxime & LMI070.
• Company-wise the report provides present and estimated global of Biogen Inc., Roche AG, Novartis AG andCytokinetics Inc.
• Drugs Clinical Phase Study, The report provides 113 Drugs clinical study pipeline status Which is at present, globally in the various stage such as (Phase I, II and III) unknown status, recruiting, active, not recruiting, terminated or completed stage.
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Key Topics Covered :
2. Research Methodology
3. Executive Summary
4. Global Spinal Muscular Atrophy Market and Patients Analysis
5. Share Analysis – Global Spinal Muscular Atrophy
6. United States
7. United Kingdom
9. Italy – Spinal Muscular Atrophy
10. France – Spinal Muscular Atrophy
13. Drugs Sales – Spinal Muscular Atrophy
14. Spinal Muscular Atrophy Study Status Analysis
15. Growth Drivers
17. Biogen Inc.
18. Novartis AG
19. Roche Holding AG
20. Cytokinetics, Inc.
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