Multiple Sclerosis Therapeutics Market Heading Towards Expansion - Rising Prevalence of MS and Favorable Government Initiatives Creating Positive Dynamics for Growth

Over the study period, the multiple sclerosis therapeutics market is expected to exhibit growth at a record pace. Underpinning this growth is the growing prevalence of multiple sclerosis (MS), rising economic burden of MS on healthcare systems, and higher adoption rates of multiple sclerosis therapeutics. The proliferation of patients suffering from relapsing remitting multiple sclerosis (RRMS), and secondary progressive multiple sclerosis (SPMS) has further augmented the demand for multiple sclerosis therapeutics. The multiple sclerosis therapeutics market is expected to swiftly bounce back after undergoing a period of stagnation during the COVID-19 outbreak.

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At this juncture, pipeline products for MS are acting as a focal point for market expansion, and these MS drugs are on the cusp of being aggressively commercialized. Moreover, government-funded public education programs on the symptoms of MS are playing a major role in the growth of the MS therapeutics market. On the whole, the multiple sclerosis therapeutics market across the world is anticipated to showcase a robust expansion by the end of the forecast period.

Front-Loaded Spending, Robust Research & Development Activities Impel Growth Across Multiple Sclerosis Therapeutics Market

Soaring demand for rapid-acting MS therapeutics and unfulfilled needs of cumulative demand are pressing factors that stimulate research and development activities in this field. Players in the pharmaceutical industry are showing interest in developing novel therapies to treat MS. This amelioration in R&D activities have opened up the doors for tactical collaborations and alliances between the research institutes and pharmaceutical companies. This has further set the wheels of the multiple sclerosis therapeutics market in motion.

The research activities carried out by big and small-scale pharmaceutical companies have helped them to fortify their pipeline portfolios. This has played an underhanded role in strengthening the prospects of growth within the market.

Regional Governments Playing a Momentous Role in Growth of Multiple Sclerosis Therapeutics Market

Prevailing amplification of disease has become a core concern for governments as well as healthcare providers across the world. To subsidize the effect of MS, governments worldwide are taking proactive measures by implementing relevant guidelines and recommendations to treat and manage MS. Several awareness programs are initiated as a source of enlightenment and support for the patients, giving details about the disease and available treatment options.

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North America Domineers Multiple Sclerosis Therapeutics Market; Asia Pacific on An Upward Trend

The multiple sclerosis therapeutics market foresees robust growth across North America. Significant spike in prevalence of MS coupled with presence of leading players across the region are propelling growth across the North American market. The U.S. is commanding overall regional growth owing to the high rate of positive diagnosis of the disease in the country.

Asia Pacific is expected to emerge as the most remunerative MS drugs market. Existing unmet healthcare requirements provide ample growth opportunities for the market players across the APAC region. Besides ongoing development of healthcare infrastructure, strategic collaborations in pursuit to seize new opportunities by regional vendors are likely to reap the gains by the end of the forecast period.

Competitive players steering growth across the multiple sclerosis therapeutics market are Tysabri and Avonex (Biogen Inc.), Copaxone (Teva Pharmaceutical Industries Ltd.), Betaferon (Bayer AG), Aubagio and Lemtrada (Sanofi S.A.), and Rebif (Merck KGaA).

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