Press release
S1P receptor modulator Drugs Market To Witness a Major Overhaul between 2020 and 2030
S1P receptor performs basic biological processes such as cell proliferation, migration, cytoskeleton organization, immune cell trafficking and others. S1P receptor modulators are a type of immunomodulatory used in case of multiple sclerosis, psoriasis, inflammatory diseases, and cancer. S1P receptor modulators are used to control the release of lymphocytes in peripheral blood and reach the central nervous system. According to the Multiple Sclerosis Association of America, approximately 3.5 out of 1,000 people suffer from multiple sclerosis in the U.S. The global S1P receptor modulator drugs market is likely to grow with the increasing prevalence of multiple sclerosis.The outbreak of novel coroanavirus has caused a disturbance in almost all industries, also impacted the global S1P receptor modulator drugs market. The pandemic has brought on many aspects, like falling business assurance, uncertainty about future, massive slowing of the supply chain, and others. S1P receptor modulator drugs market manufacturing industries are being shuttered around the world causing an unusual technology and business model transformation. There has been a disruption in the production and supply of S1P receptor modulator drugs due to the global restrictions. Also, due to the initial lockdown, the industries are now facing a demand shock with an uncertain recovery timeline.
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S1P receptor modulator Drugs Market: Drivers and Restraints-
The increasing prevalence of multiple sclerosis and psoriasis across the globe is the major factor driving the growth of the global S1P receptor modulator drugs market. The increasing advancement in technology and diagnosis and the treatment-seeking rate is also likely to drive the global S1P receptor modulator drugs market. Further, the rising R & D investments in developing countries are boosting the S1P receptor modulator drugs market growth. However, stringent regulations imposed by the regulatory authorities can restrain the growth of the global S1P receptor modulator drugs market.
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S1P receptor modulator Drugs Market: Segmentation
Based on the drug type, the global S1P receptor modulator drugs market can be segmented as:
• Fingolimod
• Ozanimod
• Siponimod
• Others
Based on the application, the global S1P receptor modulator drugs market is segmented as:
• Multiple sclerosis
• Psoriasis
• Cancer
• Others
Based on the distribution channel, the global S1P receptor modulator drugs market can be segmented as:
• Hospital pharmacies
• Retail pharmacies
• Online pharmacies
• Others
S1P receptor modulator Drugs Market: Overview
Based on the drug type, the fingolimod segment is expected to hold a major share in the S1P receptor modulator drugs market. Based on the application, the multiple sclerosis segment is expected to dominate the global S1P receptor modulator drugs market due to the increasing prevalence of the disease. Based on the distribution channel, retail pharmacies segment is expected to be the most dominating segment in the global S1P receptor modulator drugs market due to the increasing number of retail channels for prescription drugs. The online pharmacies segment is increased due to the rapid adoption of e-pharmacy and easy availability of drugs during the COVID-19.
S1P receptor modulator Drugs Market: Region-wise Outlook
North America is expected to dominate the global S1P receptor modulator drugs market, due to the rising prevalence of multiple sclerosis, increasing R & D investment, new product launches, and rising demand for immunomodulators in the region. North America is expected to be followed by Europe, due to the active government recommendations and favourable health reimbursement policies in the region. Asia-Pacific is expected to show rapid growth in the global S1P receptor modulator drugs market over the forecast period due to the improved distribution networks of pharmaceutical companies and rising healthcare expenditure in developing countries.
S1P receptor modulator Drugs Market: Key Market Participants
Some of the market participants in the global S1P receptor modulator drugs market identified across the value chain include: Novartis International AG, Bristol Myers Squibb, Pfizer Inc., Sanofi S.A, Merck & Co., Inc., Biogen Inc., Roche Holding AG, and others.
The report covers exhaust analysis on:
• S1P receptor modulator Drugs Market Segments
• S1P receptor modulator Drugs Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
Regional analysis includes:
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (India, ASEAN, Australia & New Zealand)
• China
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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