South Korea Spinal Muscular Atrophy (SMA) Therapeutics Market Business Scenario Analysis By Global Industry Trend, and Opportunity Assessment till 2028

The South Korea Spinal Muscular Atrophy (SMA) 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 South Korea Spinal Muscular Atrophy (SMA) Therapeutics market. This report explores all the key factors affecting the growth of the global South Korea Spinal Muscular Atrophy (SMA) Therapeutics market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Overview

The South Korea Spinal Muscular Atrophy (SMA) Therapeutics market size stood at around USD xx billion in 2019 and is projected to reach xx billion by 2028, exhibiting a CAGR of around 5.2% during the forecast period.

Spinal Muscular Atrophy (SMA) is a genetic neuromuscular disease characterized by muscle atrophy and weakness. 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). It is one of the most common rare disease. Spinal muscular atrophy affects 1 in 6,000 to 1 in 10,000 people.

The genetics of SMA provides a unique opportunity for therapeutic development. SMN2 also makes SMN protein, but at greatly reduced efficiency, leading to lower-than-normal levels of the protein. SMN2 provides an attractive target for developing SMA therapeutics, and the majority of drug development efforts in the field are focused on increasing SMN protein production from this gene.

Market Drivers

Initiatives undertaken by various public, as well as non-profit, organizations for creating awareness regarding SMA is driving the market growth. 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.

High cost of treatment for spinal muscular atrophy is hindering the market growth. Lack of experienced professionals and less adoption rate of spinal muscular atrophy treatment options is restraining the market growth.

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Market Segmentation

By Disease Type:

On the basis of disease type market is segmented as Werdnig- Hoffman Disease, infant SMA, Kugelberg- Welander Disease and adult SMA.

By Drugs Used:

According to the drugs used market is segmented as nusinersen, onasemnogene, abeparvovec and others.

By Distribution Channel:

South Korea's SMA therapeutics market is segmented into hospital pharmacy, retail pharmacy, online pharmacy, and others on the basis of distribution channel.

Top Players

Some of the major players in market are Allen & Hanburys, AveXis, Biogen, GlaxoSmithKline, Kowa, Novartis, PTC Therapeutics, Rhone-Poulenc Rorer, Roche, Sanofi, and others.

Pipeline products launching from 2020 onwards are expected to capture significant market share. Key opinion leaders express excitement regarding the potential of the late-stage pipeline to expand access to therapy and address key unmet needs. In particular, Novartis' gene therapy Zolgensma (Onasemnogene abeparvovec-xioi) represents a potentially transformative treatment option as it is administered by a one-time intravenous infusion. Additionally, the launch of Roche's Risdiplam, an SMN2 splicing modifier, is also eagerly anticipated owing to the drug's convenient oral administration route.

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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 South Korea Spinal Muscular Atrophy (SMA) 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 South Korea Spinal Muscular Atrophy (SMA) Therapeutics Market:

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