Recent News Stories Shows How The United Kingdom Myasthenia Gravis Therapeutics Market Products Are Surviving In The Global Industry To 2028?

Report Overview

The Myasthenia Gravis (MG) Therapeutics market size stood at around USD xx billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

The Myasthenia Gravis (MG) is a chronic, progressive, and rare neuromuscular disorder that is characterized by weakness of the head, limb, spinal, eye, and respiratory muscles. In MG, antibodies are produced against the acetylcholine receptor (AchR) that impedes the normal transmission of electrical signals from nerves to muscles. MG is often called the snowflake disease affecting about 15 in every 100,000 people in the UK.

Myasthenia Gravis occurs more frequently in females than in males, and although symptoms may appear at any age, its onset usually peaks in men in their 50s or 60s and women during their 20s or 30s. There is no proven cure for myasthenia gravis, however, patients can be treated with medications and surgery for the management of the symptoms. The overall EU myasthenia gravis market was valued at USD 0.67 billion in 2019.

Market Growth Drivers

The rise in incidence rate is one of the major factors driving the demand for myasthenia gravis treatment. Advances in technology, rising acceptance of immunotherapies, approval of promising medications, the emergence of biologics are all driving market expansion.

Awareness programs and initiatives are taken by non-profit organizations in UK such as Duchenne UK, Muscular Dystrophy Association (MDA), and Parent Project Muscular Dystrophy (PPMD) and government support in product research & development is expected to create market opportunities during the forecast period.

Market Restraints

On the downside, the high cost of MG treatment and ignorance of signs and symptoms are likely to continues to hinder market proliferation to a certain extent.

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Top Major Players

Some of the major prominent players operating in this space include Alexion Pharmaceutical Inc., Astellas Pharma Ltd., Grifols SA, Avadel Pharmaceuticals Plc. Novartis AG, Pfizer, Inc., AbbVie Inc., F. Hoffmann-La Roche Ltd., GlaxoSmithKline Plc, etc. Alexion Pharmaceuticals and Astellas Pharma hold the largest market shares due to the strong sales of their flagship products including Soliris and Prograf. Soliris (eculizumab), a drug developed by Alexion Pharmaceuticals, was recently approved by the MHRA for the treatment of adult patients with generalized myasthenia gravis who are anti-AchR antibody-positive. For this disease, Soliris is the first and only complement inhibitor to be approved.

The United Kingdom Myasthenia Gravis Therapeutics Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global United Kingdom Myasthenia Gravis Therapeutics market. This report explores all the key factors affecting the growth of the global United Kingdom Myasthenia Gravis Therapeutics market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Market Segmentation

By Disease Type:

The UK myasthenia gravis market has been segmented into

Congenital Myasthenia Gravis
Transient Myasthenia Gravis
Ocular Myasthenia Gravis
Generalized Myasthenia Gravis
Others

The generalized myasthenia gravis segment accounts for the dominant share of the market. Generalized myasthenia gravis is the most common type of MG which is characterized by weakness in the arms, legs, and neck, as well as the torso.

By Diagnosis:

Based on the diagnosis, the Myasthenia gravis treatment market is segmented into

Laboratory-based test
Electrodiagnostic testing and imaging
Others

The novel technologies for the diagnosis of Myasthenia gravis have been accounted for the highest market share in 2020, as well as, it has also been anticipated to grow over the forecast period.

By Treatment:

Based on treatment, the Myasthenia gravis treatment market is bifurcated into

Cholinesterase inhibitors
Immunosuppressive drugs
Plasmapheresis
Intravenous immunoglobulin
Thymectomy (surgery)

Oral medication has the biggest market share among the therapies, and this is projected to continue during the forecast period. This is due to the fact that drugs can significantly suppress the immune system while largely managing the symptoms. Immunotherapies like Soliris (eculizumab), corticosteroids, and immunosuppressive medicines like Prograf (tacrolimus) are among the medications used. The use of monoclonal antibodies and immunosuppressants is becoming more common.

Surgery, the other major therapeutic option, is the most invasive and usually involves a thymectomy (thymus removal). Although the thymus deteriorates with age (thymic involution), the full absence of the thymus will drastically decrease the immune system of a patient.

By Route of Administration:

According to the route of administration, the Myasthenia gravis treatment market is segregated into

Oral
Parenteral
Others

Out of these, the oral route is the most preferred one because of ease of use and convenience following which inhalations are preferred & surgery remains the last resort.

By End Users:

As per the end-user, the Myasthenia gravis treatment market has been segmented into

Academic and research organizations
Diagnostic centers
Hospitals and clinics

The hospitals and clinics segment commands the largest market share in terms of value during the forecast period.

Top Major Players

Some of the major prominent players operating in this space include Alexion Pharmaceutical Inc., Astellas Pharma Ltd., Grifols SA, Avadel Pharmaceuticals Plc. Novartis AG, Pfizer, Inc., AbbVie Inc., F. Hoffmann-La Roche Ltd., GlaxoSmithKline Plc, etc. Alexion Pharmaceuticals and Astellas Pharma hold the largest market shares due to the strong sales of their flagship products including Soliris and Prograf. Soliris (eculizumab), a drug developed by Alexion Pharmaceuticals, was recently approved by the MHRA for the treatment of adult patients with generalized myasthenia gravis who are anti-AchR antibody-positive. For this disease, Soliris is the first and only complement inhibitor to be approved.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global United Kingdom Myasthenia Gravis Therapeutics Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global United Kingdom Myasthenia Gravis Therapeutics Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the United Kingdom Myasthenia Gravis Therapeutics market
Chapter 2: Exclusive Summary - the basic information of the United Kingdom Myasthenia Gravis Therapeutics Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the United Kingdom Myasthenia Gravis Therapeutics
Chapter 4: Presenting the United Kingdom Myasthenia Gravis Therapeutics Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the United Kingdom Myasthenia Gravis Therapeutics market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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