EU multiple sclerosis Market Size and Share 2023 | Upcoming Trends, Development Status and in-Depth Analysis Research Report by 2028

The EU multiple sclerosis 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 EU multiple sclerosis market. This report explores all the key factors affecting the growth of the global EU multiple sclerosis market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Description of the EU Multiple Sclerosis Market Analysis

Research Scope and Assumption

The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
Inflation has not been accounted for in order to estimate and forecast the market
Numbers may not add up due to rounding off

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Facilitate decision-making based on strong current and forecast data for EU Multiple Sclerosis Market Analysis
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Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the EU Multiple Sclerosis Market Analysis
Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
To strategically profile key players and comprehensively analyze their market shares and core competencies
We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

EU Multiple Sclerosis Market Analysis Executive Summary

Multiple sclerosis is a chronic, inflammatory, autoimmune disorder that affects the (CNS) central nervous system, especially the communication between the brain and other areas of the body. Multiple sclerosis (MS) in particular is a demyelinating disease that damages the insulating covers of nerve cells in the brain and spinal cord. There is usually no cure for MS, general care is based on speedy recovery from damage that delays disease progression and manages MS symptoms.

Market Size and Key Findings

The EU Multiple Sclerosis Market Analysis size stood at around USD xx billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 6.3% during the forecast period.

The Multiple Sclerosis treatment market is expected to gain market growth in the forecast period of 2020 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.3% in the forecast period of 2020 to 2028 and is expected to reach USD 8,374.10 million by 2028. Rising awareness towards early disease diagnosis and technological advancement in multiple sclerosis treatment are the major drivers which propelled the demand of the multiple sclerosis treatment market in the forecast period.

Market Dynamics

Market Growth Drivers Analysis

The rising number of patients, increased screening and the need for better care options are thought to be the key factors for the multiple sclerosis treatment market growth during the forecast period. In ageing population, the disease is more prone, hence the surge in the geriatric population further escalates the multiple sclerosis treatment market growth.

Market Restraints

One of the major challenges in MS therapies market is the unknown etiology of the disease. Thus, it is difficult for medical researchers to develop drugs that target the key source of the disease. Despite increased government interventions and various treatment options for multiple sclerosis, the cost of drugs remains a major challenge for the growth of market. The high pricing of drugs makes it inefficient in addressing the unmet needs of affected populations. Moreover, it also adds to the economic burden globally due to increased out-of-pocket expenses. 3

COVID-19 impact on "EU Multiple Sclerosis Market Analysis

A notable disruption of rehabilitative therapy and home-based services as well as in DMT adherence was observed. Since the pandemic is still ongoing and interruption of healthcare services could have a major impact on MS patients, it is necessary to monitor access of MS patients to healthcare resources in order to ensure adequate treatments, including rehabilitative therapies.

Competitive Landscape

Key Players

The major players covered in the Europe multiple sclerosis treatment market report are Teva Pharmaceuticals USA, Inc. (a subsidiary of Teva Pharmaceuticals Industries Ltd.), F. Hoffmann-La Roche Ltd, Merck KGaA, Mallinckrodt, Pfizer Inc., Hikma Pharmaceuticals PLC, Mylan N.V., Acorda Therapeutics, Inc., Novartis AG, Biogen, CELGENE CORPORATION (a subsidiary of Bristol-Myers Squibb Company), Lannett, Bayer AG, Amneal Pharmaceuticals LLC among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Products in Pipeline

In August 2020, Novartis AG received the U.S. FDA approval for its drug Kesimpta (ofatumumab) for the indication of treatment of relapsing multiple sclerosis. The new drug approval received by the company for its only self-administered targeted B-cell therapy for patients having relapsing MS has increased its demand in the market leading to increased revenue in future.

Notable Recent Deals

In 2020, Biogen launched a bold 20-year, $250 million initiative to address the deeply interrelated issues of climate, health, and equity. Healthy Climate, Healthy Lives aims to eliminate fossil fuels across the companys operations, build collaborations with renowned institutions to advance the science to improve human health outcomes, and support underserved communities.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

The Multiple Sclerosis Foundation and affiliated groups have initiated National MS Education and Awareness Month, which is observed in March since 2003 to increase awareness about the disease. The goal of this program is to promote an understanding of multiple sclerosis disease and help the patients in making educated decisions regarding its treatment. Also, the National MS Society created and launched the MS Kills Connection > < Connection Kills MS campaign to connect people suffering from MS, people who treat MS patients, and people who run activities to create a world free of MS. Similarly, several players operating in the multiple sclerosis therapeutics market are developing and launching new products. The strategy of geographic and manufacturing capacity expansion, along with the product launches, helps companies cater to a broad customer base. Such developments and launches of new products are emerging as a key trend in the Europe multiple sclerosis therapeutics market.

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EU Multiple Sclerosis Market Analysis Segmentation

By Disease Type:

On the basis of disease type, the multiple sclerosis treatment market is segmented into relapsing-remitting multiple sclerosis (RRMS), secondary progressive multiple sclerosis (SPMS), primary progressive multiple sclerosis (PPMS) and severe relapsing-remitting multiple sclerosis (RES). In 2020, relapsing-remitting multiple sclerosis (RRMS) segment is dominating the multiple sclerosis treatment market because it is the most common form of multiple sclerosis at onset and accounts for about 85% of all cases.

By Treatment:

On the basis of treatment, the multiple sclerosis treatment market is segmented into symptomatic therapies, abortive therapies/treatment of acute exacerbations and preventive therapies. In 2020, preventive therapies segment is dominating the multiple sclerosis treatment market as the immune system eats away at the protective covering of nerves, and the prevention is highly sought after.

Preventive Therapies
Oral Medication

Tecfidera

Gilenya

Aubagio

Mavenclad

Mayzent

Vumerity

Others

Injectable Medication

Interferon Beta-1A

Avonex
Rebif
Others

Glatiramer Acetate

Copaxone
Glatopa
Others

Interferon BETA-1B

Betaseron
Extavia

Plegridy/Peginterferon BETA-1A

Chemotherapy Drug

Monoclonal Antibodies

Infused Medication

Tysabri

Ocrevus

Lemtrada

Mitoxantrone

Novantrone

Others

Haematopoietic Stem Cell Transplantation (HSCT)
Abortive Therapies/Treatment Of Acute Exacerbations
Corticosteroids

Oral Prednisone

Methylprednisolone

Dexamethasone

Prednisolone

Betamethasone

Others

Immunosuppressants

Azathioprine

Cyclophosphamide

Methotrexate

Mitoxantrone

Others

Adrenocorticotropic Hormone
Plasmapheresis
Intravenous Immunoglobulin and
Others
Symptomatic Therapies
Muscle Relaxants

Lioresal

Zanaflex

Others

Fatigue Medications

Gocovri

Osmolex

Provigil

Ritalin

Others

Physiotherapy
Laxatives

By Drug Type:

On the basis of drug type, the multiple sclerosis treatment market is segmented into branded and generic. In 2020, branded segment is dominating the multiple sclerosis treatment market because of large number of products which are being launched from time-to-time by several companies making it difficult for generics to take over the market.

By Route of Administration:

On the basis of route of administration, the multiple sclerosis treatment market is segmented into oral and parenteral. In 2020, oral segment is dominating the multiple sclerosis treatment market because of the increased bioavailability of the oral drug at the target site.

By End-User:

On the basis of end user, the multiple sclerosis treatment market is segmented into hospital, specialty centers, homecare and others. In 2020, hospital segment is dominating the multiple sclerosis treatment market because of the large number of patients visiting the hospitals due to the presence of skilled professionals and advanced technology for the diagnosis.

By Distribution Channel:

On the basis of distribution channel, the multiple sclerosis treatment market is segmented into direct tender and retail sales. In 2020, retail sales segment is dominating the multiple sclerosis treatment market because retail sales focus heavily on the costs associated with overhead and they provide instant gratification.

By Country:

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

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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 EU multiple sclerosis 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 EU multiple sclerosis Market:

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