Global Myasthenia Gravis Market Strives for USD 2.4 billion by 2027, Advancing Healthcare Worldwide - According to TMR

The global myasthenia gravis market is expected to grow at a CAGR of 8% from 2023 to 2032, reaching USD 2.4 billion by 2027.

Market Overview

Myasthenia gravis (MG) is a chronic autoimmune neuromuscular disorder characterized by weakness and fatigability of skeletal muscles. It is caused by antibodies that attack the acetylcholine receptors at the neuromuscular junction, disrupting the transmission of nerve impulses to muscles. MG can affect anyone, but it is most common in women between the ages of 20 and 40.

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Competitor Analysis:

The significant players operating in the global Myasthenia Gravis market are

• Alexion Pharmaceutical Inc.
• Avadel Pharmaceuticals, PLC. (Flamel Technologies)
• CSL Behring
• Grifols, S.A.
• Baxter International, Inc.
• Shire plc
• Novartis AG
• F. Hoffmann-La Roche AG
• Takeda Pharmaceutical Company Limited
• Valeant Pharmaceuticals International, Inc.

Recent Developments

here are some recent developments of companies in the global Myasthenia Gravis (MG) market, with the year of the development: 2022
• Grifols S.A. (Spain) announced the acquisition of Tiancheng (Germany) Pharmaceutical Holdings AG, a German company specializing in innovative hematology and clinical immunology. This acquisition is expected to expand Grifols' portfolio of MG treatments and strengthen its position in the MG market.
• CSL Behring (Germany) received U.S. Food and Drug Administration (FDA) approval for a 50mL/10gm prefilled syringe for Hizentra (Immune Globulin Subcutaneous [Human] 20% Liquid). This new formulation is expected to make it easier for patients to administer Hizentra, which is a treatment for MG.
• Alexion Pharmaceuticals, Inc. (United States) announced the launch of its new patient support program, Soliris Cares. Soliris Cares is designed to provide patients with MG with access to financial assistance, educational resources, and emotional support.
• Novartis AG (Switzerland) announced the completion of the Phase 3 clinical trial of efgartigmod, a new treatment for MG. The trial results showed that efgartigmod was effective in reducing the symptoms of MG.

Market Growth

The global MG market is experiencing growth due to factors such as:
• Increased Awareness: Greater awareness and understanding of MG symptoms and early diagnosis.
• Advancements in Treatment: Ongoing research and development leading to improved treatment options.
• Patient Advocacy: Strong advocacy from patient groups and organizations supporting MG patients.

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Market Segmentation

The MG market can be segmented based on various criteria, including treatment type, patient demographics, region, and more:
• Treatment Type: Different treatment options, including cholinesterase inhibitors, immunosuppressants, intravenous immunoglobulin (IVIG), and thymectomy.
• Patient Demographics: Targeted therapies for different patient groups, including age, gender, and MG severity.
• Region: The market spans regions such as North America, Europe, Asia-Pacific, and Latin America.

Market Drivers

Several factors are driving the growth of the MG market, including:
• Early Diagnosis: The importance of early diagnosis for better disease management.
• Immunosuppressant Advancements: Advances in immunosuppressant drugs and monoclonal antibodies.
• Patient-Centric Care: A shift toward patient-centric care and patient advocacy.

Challenges

The MG market faces certain challenges, such as:
• Treatment Costs: The affordability of long-term treatment for MG patients.
• Variability in Symptoms: The variability in MG symptoms and response to treatment.
• Research Gaps: Ongoing research gaps in understanding the underlying causes of MG.

Opportunities

Opportunities in the MG market include:
• Therapeutic Innovations: Ongoing research and development in MG therapeutics.
• Patient Support: Enhanced support for MG patients through patient advocacy and information.
• Global Expansion: Growth opportunities in regions with emerging healthcare infrastructure.

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Key Features of the Myasthenia Gravis Market Report: -

➤ Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
➤ Examine the market opportunities for stakeholders by identifying higher growth sections.
➤ To study and analyze the global Myasthenia Gravis industry status and forecast including key regions.
➤ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
➤ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
➤ It helps you make strategic business decisions and investment plans.

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