According to Latest Report on China Spinal Muscular Atrophy (SMA) Therapeutics Market 2023 to Grow with an Impressive CAGR

Report Overview

China Spinal Muscular Atrophy (SMA) 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 11.7% during the forecast period.

Spinal muscular atrophy (SMA) is a group of inherited disorders characterized by a loss of certain nerve cells in the spinal cord called motor neurons or anterior horn cells. The loss of motor neurons leads to progressive muscle weakness and muscle wasting (atrophy) in muscles closest to the trunk of the body (proximal muscles) such as the shoulders, hips and back.SMA affects between 1 in 6,000 and 1 in 10,000 in China, and about 95 percent of the patients die 18 months after birth. SMA type1 is themost common type of SMAand is also a severeformof thedisease.

Market Drivers

China is a growing market for spinal muscular atrophy (SMA) due to factors such as increase in Chinas incidence rate (1 in 6,000 and 1 in 10,000). In addition to this, other factors that contribute to the growth of market are rise in healthcare expenditure, increase in awareness and availability of novel therapeutics and unmet needs of patients.

However, there are some restraining factors for growth of spinal muscular atrophy (SMA) therapeutics market in China such high cost of treatment for spinal muscular atrophy (SMA)and lack of experienced professionals.

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Major Players

Some of the key players in China's spinal muscular atrophy (SMA) therapeutics market are Novartis Inc; AveXis, Inc; Biogen Inc; F. Hoffmann-La Roche AG.

Key players are adopting strategies such as mergers and acquisitions, partnerships, agreements and regulatory approvals along with an increased focus on R&D to stand out as strong competitors in the market. For instance, in February 2019 Biogen's antisense therapy Spinraza (Nusinersen) was first approved for the treatment of Spinal Muscular Atrophy (SMA) in China.

Novartis - Zolgensma which has already received approval in the US. Novartis has its presence in China however, the drugs are not approved in China.

The report delivers the challenges in front of the China Spinal Muscular Atrophy (SMA) Therapeutics Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the China Spinal Muscular Atrophy (SMA) Therapeuticss Market including the current trends, growth opportunities, restraints, and market drivers.

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Market Segmentation

By Therapy:

On the basis of therapy, the China spinal muscular atrophy (SMA) therapeutics market can be segmented into gene replacement therapy, physical therapy and occupational therapy.

Gene replacement therapy is the innovative therapy which is approved by US-FDA. It consists of products such as Spinraza (approved in China) and zolgensma (yet to be approved in China).

Physical therapy may help to maintain muscle strength and range of motion for as long as possible in patients with SMA. However, incorrect or too much exercise may cause more harm than good, so patients need to discuss exercise plans with a physical therapist before starting to exercise.

An occupational therapist can recommend specialized assistive equipment that may help some patients maintain their independence. These include braces for the arms and legs, orthotics (shoe inserts to improve walking ability), speech synthesizers, and wheelchairs.

By Route of Administration:

On the basis of route of administration, the China spinal muscular atrophy (SMA) therapeutics market can be segmented into oral and intrathecal. Recently approved therapies for SMA have been given through intrathecal route. For instance, in February 2019 Spinraza was approved in China and it is given by intrathecal route.

Major Players

Some of the key players in China's spinal muscular atrophy (SMA) therapeutics market are Novartis Inc; AveXis, Inc; Biogen Inc; F. Hoffmann-La Roche AG.

Key players are adopting strategies such as mergers and acquisitions, partnerships, agreements and regulatory approvals along with an increased focus on R&D to stand out as strong competitors in the market. For instance, in February 2019 Biogen's antisense therapy Spinraza (Nusinersen) was first approved for the treatment of Spinal Muscular Atrophy (SMA) in China.

Novartis - Zolgensma which has already received approval in the US. Novartis has its presence in China however, the drugs are not approved in China.

The China Spinal Muscular Atrophy (SMA) Therapeutics Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the China Spinal Muscular Atrophy (SMA) Therapeutics market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the China Spinal Muscular Atrophy (SMA) Therapeutics Market.

International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic China Spinal Muscular Atrophy (SMA) Therapeutics market. Each section of the research study is specially prepared to explore key aspects of the global China Spinal Muscular Atrophy (SMA) Therapeutics Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global China Spinal Muscular Atrophy (SMA) Therapeutics market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

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Strategic Points Covered in Table of Content of Global China Spinal Muscular Atrophy (SMA) Therapeutics Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the China Spinal Muscular Atrophy (SMA) Therapeutics market
Chapter 2: Exclusive Summary - the basic information of the China Spinal Muscular Atrophy (SMA) Therapeutics Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the China Spinal Muscular Atrophy (SMA) Therapeutics
Chapter 4: Presenting the China Spinal Muscular Atrophy (SMA) 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 China Spinal Muscular Atrophy (SMA) 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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