Press release
Multiple Sclerosis Drugs Market 2023 - By Market Share, Size, Industry Growth, Competitive Landscape, Share & Forecast To 2032
Multiple Sclerosis Drugs Market
The Business Research Company's Multiple Sclerosis Drugs Global Market Report 2023 identifies support from the government as well as non-government organizations as the major driver for the Multiple Sclerosis Drugs market's growth in the forecast period. The government and non-government organizations fund several schemes and programs to offer their support to enhance the quality of life of people affected with multiple sclerosis (MS).
The global multiple sclerosis drugs market size grew from $26.29 billion in 2022 to $27.92 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. 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 the multiple sclerosis drugs is expected to grow from $37.67 billion in 2027 at a CAGR of 7.8%.
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Major competitors in the Multiple Sclerosis Drugs market are Biogen, Novartis, Roche, Bayer HealthCare, Pfizer Inc., and Merck & Co. Inc., Sanofi, Teva Pharmaceutical Industries Ltd.
A key trend in the Multiple Sclerosis Drugs market includes new product launches. Multiple sclerosis requires lifelong treatment, which increases the overall cost of treating a patient. To provide better and more effective treatment companies in the multiple sclerosis market are developing drugs specific to the treatment of multiple sclerosis. Following the trend, FDA approved Novartis' Mayzent (siponimod) and EMD Serono's Mavenclad (cladribine) for the treatment of relapsing-remitting multiple sclerosis (RRMS), and active secondary progressive multiple sclerosis (SPMS). Both the drugs were launched as easy-to-consume oral drugs.
Read More On The Global Multiple Sclerosis Drugs Market Report Here:
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The Multiple Sclerosis Drugs market is segmented -
• By Drug Class: Immunomodulators, Immunosuppressants, Interferons, Other Drug Classes
• By Distribution Channels: Hospital Pharmacy, Retail Pharmacy, Online Stores
• By Route Of Administration: Oral Drugs, Parenteral Drugs
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Multiple Sclerosis Drugs market.
The Business Research Company's "Global Multiple Sclerosis Drugs 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 Multiple Sclerosis Drugs Market Include:
1. Executive Summary
2. Multiple Sclerosis Drugs Market Characteristics
3. Multiple Sclerosis Drugs Market Trends And Strategies
4. Multiple Sclerosis Drugs Market - Macro Economic Scenario
5. Multiple Sclerosis Drugs Market Size And Growth
………………………………
27. Multiple Sclerosis Drugs Market Competitive Landscape And Company Profiles
28. Multiple Sclerosis Drugs Pipeline Analysis
29. Key Mergers And Acquisitions In The Multiple Sclerosis Drugs Market
30. Multiple Sclerosis Drugs Market Future Outlook and Potential Analysis
31. Appendix
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