Multiple Sclerosis Therapeutics Market Comprehensive Study and Forecast to 2027 with Competitive Landscape Analysis Biogen, Bayer AG, Novartis AG, Teva Pharmaceuticals Industries, Sanofi Genzyme, Pfizer, Merck & Co., and AbbVie
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The multiple sclerosis therapeutic agents are intended to promote neurorepair and neuroprotection to prevent disease progression. The disease modifying therapeutics are currently under clinical development to specifically target the disease while avoiding frequent therapeutic administrations. A variety of corticosteroids, immunosuppressants and monoclonal antibodies are approved and recommended to reduce inflammation in multiple sclerosis. The complex nature of disease with its unique individual patient course renders variable clinical outcomes in different patients. Although there is no cure for multiple sclerosis, the currently available therapeutics modify the disease course, accelerate recovery from attacks, and help in managing symptoms.
The major factors driving growth of the multiple sclerosis therapeutics market include rise in research and development ultimately leading to the launch of novel drug candidates and the rising prevalence of the condition in children. For instance, in 2014, Plegridy (peginterferon beta-1a) manufactured by Biogen, a disease modifying therapy was approved for the long-term treatment of relapsing forms of multiple sclerosis. According to Multiple Sclerosis Society, approximately five to ten per cent of people with MS experienced their first symptoms before the age of 16. However, the inability of drugs to prevent disease progression and disability, side effects of the approved drugs such as increased risk of infections, flu-like symptoms and progressive multifocal leukoencephalopathy (PML), a viral disease of the brain are the factors hindering market growth.
The report covers major players operating in the Multiple Sclerosis Therapeutics market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities.
Novartis AG, Teva Pharmaceuticals Industries Ltd., Sanofi Genzyme, Bayer AG, Pfizer, Inc., Biogen Idec, Merck & Co., Inc., and AbbVie, Inc.
Global Multiple Sclerosis Therapeutics Market, By Drug Class:
Global Multiple Sclerosis Therapeutics Market, By Route of Administration:
Global Multiple Sclerosis Therapeutics Market, By Distribution Channel:
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The key strategic developments of the Multiple Sclerosis Therapeutics market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the Multiple Sclerosis Therapeutics market on a global and regional basis.The study provides a decisive view on the Multiple Sclerosis Therapeutics market by segmenting the market based on product, end-user, and regions. All the segments have been analyzed based on present and future trends and the Multiple Sclerosis Therapeutics market is estimated from 2020 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its further bifurcation into major countries.
Global Multiple Sclerosis Therapeutics Market Report includes Detailed TOC points:
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Overview Of Global Multiple Sclerosis Therapeutics Market
2 Market Segmentation
3 Market Overview
3.1 Rising Government Initiatives
3.2 Strategic Initiative By Market Players
4 Executive Summaries
5 Premium Insights
6 Regulatory Procedure
7 Global Multiple Sclerosis Therapeutics Market, By Type
8 Global Multiple Sclerosis Therapeutics Market, by Application
9 Global Multiple Sclerosis Therapeutics Market, By Deployment
10 Global Multiple Sclerosis Therapeutics Market, By End User
11 Global Multiple Sclerosis Therapeutics Market, By Distribution Channel
12 Global Multiple Sclerosis Therapeutics Market, Company Landscape
13 Company Profile
13.1 Company Snapshot
13.2 Revenue Analysis
13.3 Company Share Analysis
13.4 Product Portfolio
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