Amyotrophic Lateral Sclerosis Treatment Market is Growing at a Highest CAGR of 21.6% by 2026 With Industry Drivers, Restraints and Competitive Analysis:
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Few of the major competitors currently working in the amyotrophic lateral sclerosis treatment market are Sanofi (France), Mitsubishi Tanabe Pharma Corporation (Japan), BrainStorm Cell Limited (US), ViroMed Co., Ltd (South Korea), Ionis Pharmaceuticals (US), Genervon Biopharmaceuticals, LLC (US), Biogen (US), ORPHAZYME A/S (Denmark), Orion Pharma (Finland), Kringle Pharma, Inc. (Japan), Aquestive Therapeutics (US), Apotex Inc (Canada), Bausch Health Companies Inc. (Canada), Neuralstem, Inc. (US), Implicit Bioscience (Australia), F. Hoffmann-La Roche Ltd (Switzerland), TREEWAY (Netherlands), CYTOKINETICS, INC. (US), AB Science (France), Advanz Pharmaceutical (Canada) and few among others.
Global amyotrophic lateral sclerosis treatment market is expected to rise gradually to an estimated value of USD 3.6 billion by 2026, registering a CAGR of 21.6% in the forecast period of 2019-2026 with the annual sales of USD 0.75 billion in the year of 2018. This rise in market value can be attributed to the increasing awareness and concerns regarding the health of patients.
Amyotrophic lateral sclerosis (ALS) is a neurodegenerative disease, also known as motor neuron disease (MND) and Lou Gehrig's disease that affects nerve cells (motor neurons) of brain, brain stem and spinal cord that controls voluntary muscles. This disease is progressive in nature.
According to Centers for Disease Control and Prevention, there were approximately 14,000 - 15,000 people in US in 2016 having ALS, almost more than half of these cases could have been avoided with the availability of proper medical treatment. This significant number is expected to act as a driver to the market growth.
Increase in the treatment awareness.
Rise in incidence cases of ALS and increasing geriatric population is expected to drive the growth of the market.
Expected launch of novel medicines would drive the growth of ALS treatment market.
Lack of skilled expertise in remote areas
Fewer Government initiatives taken in this direction.
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Segmentation: Global Amyotrophic Lateral Sclerosis Treatment Market
By Disease Type
Benign Focal Amyotrophy of ALS
Infantile Spinal Muscular Atrophy
Juvenile Spinal Muscular Atrophy
Primary Lateral Sclerosis
Progressive Bulbar Palsy
Spinal Muscular Atrophy
Upper Motor Neuron Disease
By Drug Type
By Distribution Channel
By Treatment Type
Stem cell therapy
By End- User
Rest of South America
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
United Arab Emirates
Rest of Middle East & Africa
Key Developments in the Market:
By 3rd January 2018, Sangamo Therapeutics, Inc. and Pfizer Inc. has announced a collaboration for the development of zinc finger protein transcription factors (ZFP-TFs), a gene therapy to treat amyotrophic lateral sclerosis (ALS) and frontotemporal lobar degeneration (FTLD) linked to mutations of the C9ORF72 gene. This will help in development of product portfolio for the particular therapeutic area.
On 4th December 2017, Takeda announced research collaboration with Montreal Neurological Insititute (MNI), for exploring new treatment alternatives for the treatment of indication ALS. This partnership will help the company for developing innovative product and become market leader.
Global amyotrophic lateral sclerosis treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of amyotrophic lateral sclerosis treatment market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
Current and future of global amyotrophic lateral sclerosis treatment market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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