Australian Spinal Muscular Atrophy Therapeutics Market Growing Trade Among Emerging Economies Opening New Opportunities (2023-2028)

Report Overview

The Australian Spinal Muscular Atrophy 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 Spinal Muscular Atrophy (SMA) is a group of genetic neuromuscular disorders that affect the nerve cells that control voluntary muscles (motor neurons). The loss of motor neurons causes progressive muscle weakness and loss of movement due to muscle wasting (atrophy). The severity of the symptoms, the age at which symptoms, begin, and genetic cause varies by type. Many types of SMA mainly affect the muscles involved in walking, sitting, arm movement, and head control. Breathing and swallowing may also become difficult as the disease progresses in many types of SMA. In some types of SMA, the loss of motor neurons makes it hard to control movement of the hands and feet.

SMA type 1, 2, 3, and 4 are caused by changes (or pathogenic mutations) in the SMN1 gene and are inherited in an autosomal recessive manner. The disease generally manifests early in life and is the leading genetic cause of death in infants and toddlers. SMA is caused by defects in the Survival Motor Neuron 1 (SMN1) gene that encodes the SMN protein. The SMN protein is critical to the health and survival of the nerve cells in the spinal cord responsible for muscle contraction (motor neurons).

SMA is one of the most common rare disease. Approximately one in 6,000 babies born have SMA, and about one in 40 people carry a copy of the altered gene that causes the condition (although they do not have the condition themselves).

Market Growth Drivers

The overall burden of Spinal Muscular Atrophy is one of the highest in terms of cost and healthcare services in the rare disorder. The rising incidence of Spinal Muscular Atrophy due to the increasing population is one of the key factors for the growth in SMA treatment market. This growth is attributed to the rapidly developing health infrastructure in the Australia, the initiatives undertaken by various public, as well as non-profit, organizations for creating awareness regarding SMA have increased remarkably which is propelling the demand for efficient therapeutic options leading to better patient outcomes.

Increase in R&D investment by major companies will boost the market growth in the forecast period. Granting of various drug designation to novel drugs is also accelerating the market growth for spinal muscular atrophy treatment. In recent times, there have been few substantial and very significant product launches in gene therapy for the treatment of spinal muscular atrophy disease.

Market Restraints

However, the high cost of treatment for Spinal Muscular Atrophy is hindering the market growth. Additionally, lack of experienced professionals and less adoption rate of Spinal Muscular Atrophy treatment options are also restraining the market growth.

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Top Major Players

The Australian Spinal Muscular Atrophy Therapeutics market is a highly competitive market and major key players are adopting strategies; organic as well as inorganic market strategies. Evrysdi is the only oral approved drug while other prominent drugs administered by parenteral route and thus possess better efficacy. The prominent key players prevailing in the Australian market are Biogen Australia Pty Ltd, Novartis Pharmaceuticals Australia Pty Ltd, Ionis Pharmaceuticals, and Roche Products Pty Ltd. among others.

The report delivers the challenges in front of the Australian Spinal Muscular Atrophy 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 Australian Spinal Muscular Atrophy Therapeuticss Market including the current trends, growth opportunities, restraints, and market drivers.

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Market Segmentation

By Disease Type:

On the basis of disease type, the Spinal Muscular Atrophy Therapeutics market has been segmented into

Type 1 SMA
Type 2 SMA
Type 3 SMA
Type 4 SMA

Type 1 SMA generated the highest revenue amongst all the categories in 2020. Thus, type 1 SMA is anticipated to remain the most dominant in terms of revenue as the majority of the cases of the disorder are of this type, which has led to it dominating in terms of market share. Increasing awareness of the Type 2 SMA and increasing adoption of treatment is also anticipated to drive the growth of this type over the forecast period.

By Diagnosis:

On the basis of diagnosis, the Spinal Muscular Atrophy Therapeutics market can be classified into

Physical examination
Electromyography
Muscle Biopsy
Genetic Counselling
Chorionic villus sampling (CVS)
Amniocentesis
Genetic Blood Test
Others

A physical examination may be done to look for signs of SMA or similar conditions. Electromyography and muscle biopsy have also been used. Genetic counselling helps you to understand that if you're at risk of having a child with SMA. While chorionic villus sampling (CVS), and Amniocentesis are usually carrying out during pregnancy. If the child has typical symptoms of SMA, a genetic blood test can be done to confirm the condition.

By Therapeutics:

Based on the therapeutics, the Spinal Muscular Atrophy Therapeutics market can be segmented into

Evrysdi (risdiplam)
Spinraza (nusinersen)
Zolgensma (onasemnogene abeparvovec)
Physical Therapy
Chest Physiotherapy
Nutritional therapy
Use of Ventilators

Nusinersen has been accounted for maximum share in 2020, which is attributable to the fact that Nusinersen is the most effective drug among others in the market. However, Zolgensma (Onasemnogene Abeparvovec) which got approved later after Spinraza, however expected to witness growth in the coming years owing to the rising incidence of spinal muscular atrophy disease and the greater patient adoption rate.

By Distribution Channels:

In terms of distribution channel, the Spinal Muscular Atrophy Therapeutics market can be categorized into

Hospital pharmacies
Retail pharmacies
Online pharmacies

In terms of value, the hospital pharmacies accounted for the leading market share in 2020, which is attributable to the fact that the majority of the medications for Spinal Muscular Atrophy Treatment can be only administered intravenously and can so only be done by trained medical professionals. Hence, the hospital pharmacies segment is anticipated to enhance the market share over the forecast period.

Top Major Players

The Australian Spinal Muscular Atrophy Therapeutics market is a highly competitive market and major key players are adopting strategies; organic as well as inorganic market strategies. Evrysdi is the only oral approved drug while other prominent drugs administered by parenteral route and thus possess better efficacy. The prominent key players prevailing in the Australian market are Biogen Australia Pty Ltd, Novartis Pharmaceuticals Australia Pty Ltd, Ionis Pharmaceuticals, and Roche Products Pty Ltd. among others.

The Australian Spinal Muscular Atrophy 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 Australian Spinal Muscular Atrophy 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 Australian Spinal Muscular Atrophy 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 Australian Spinal Muscular Atrophy Therapeutics market. Each section of the research study is specially prepared to explore key aspects of the global Australian Spinal Muscular Atrophy Therapeutics Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global Australian Spinal Muscular Atrophy 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 Australian Spinal Muscular Atrophy Therapeutics Market:

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