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Global Ataxia Market 2023 International Expansion, Regional Outlook, Latest Trends And Forecast To 2032 | Major Players Are Pfizer Inc., Johnson & Johnson Services Inc., F. Hoffmann-La Roche Ltd, AbbVie Inc., Bayer AG
Ataxia Market
The Business Research Company's Ataxia Global Market Report 2023 identifies rise in alcohol consumption as the major driver for the Ataxia Market's growth in the forecast period. Alcohol consumption refers to drinking an ethanol-containing beverage, usually orally. Cerebellar degeneration, a prevalent kind of acquired toxic ataxia, is caused by chronic alcohol misuse. Patients with alcoholism experience lower limb postural tremors and gait ataxia.
The global ataxia market is expected to grow from $30.77 billion in 2022 to $33.78 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global ataxia is expected to reach $47.1 billion in 2027 at a CAGR of 8.7%.
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Major competitors in the Ataxia Market are Pfizer Inc., Johnson & Johnson Services Inc., F. Hoffmann-La Roche Ltd, AbbVie Inc., Bayer AG, Novartis AG, Sanofi, Bristol-Myers Squibb Company, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Gilead Sciences Inc., Boehringer Ingelheim International GmbH, Merck KgaA, Viatris Inc., Teva Pharmaceutical, Otsuka Pharmaceutical Co. Ltd., Mylan N.V., Celgene Corporation, Vertex Pharmaceuticals Incorporated, Banner Health, UCB S.A., Eisai Co. Ltd., Sun Pharmaceutical Industries Ltd., Genentech Inc., Ipsen Biopharmaceuticals Inc., Aurobindo Pharma Limited, Apotex Inc., Amneal Pharmaceuticals LLC, Biogen Inc, and Lupin Limited.
A key trend in the Ataxia Market includes product innovations. Major companies operating in the ataxia market are focused on innovating new products or drugs to sustain their position in the market. For instance, in February 2023, Reata Pharmaceuticals, a US-based biotechnology company, announced the FDA's (the U.S. Food and Drug Administration's) approval of SKYCLARYS (omavaloxolone). It is the first and only drug indicated for patients with Friedreich's ataxia in adults and adolescents aged 16. At Week 48, treatment with the oral, once-daily medication SKYCLARYS led to statistically significant lower mFARS (modified Friedreich's Ataxia Rating Scale) scores (reduced impairment) compared to placebo. The diagnosis of Friedreich's ataxia, an extremely rare inherited neurological condition, usually occurs around adolescence.
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The Ataxia Market is segmented -
By Type: Friedreich's Ataxia, Ataxia-telangiectasia, Episodic Ataxia, Other Types
By Product: Treatment, Diagnosis
By Dosage Form: Solid, Liquids, Other Dosage Forms
By Route of Administration: Oral, Parenteral, Other Routes of Administration
By End User: Hospital, Clinics, Home Healthcare, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Ataxia Market.
The Business Research Company's "Global Ataxia Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Ataxia Market Include:
1. Executive Summary
2. Ataxia Market Characteristics
3. Ataxia Market Trends And Strategies
4. Ataxia Market - Macro Economic Scenario
5. Ataxia Market Segmentation
……
32. Global Ataxia Market Competitive Benchmarking
33. Global Ataxia Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Ataxia Market
35. Ataxia Market Future Outlook and Potential Analysis
36. Appendix
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