Progressive Multifocal Leukoencephalopathy Treatment Global Market Report 2024 - Progressive Multifocal Leukoencephalopathy Treatment Market Size And Share

"The progressive multifocal leukoencephalopathy treatment market size has grown rapidly in recent years. It will grow from $1.31 billion in 2023 to $1.46 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to prevalence of underlying conditions, rise in immunosuppressed patients, patient advocacy and awareness, rise of hiv/aids epidemic.

The progressive multifocal leukoencephalopathy treatment market size is expected to see rapid growth in the next few years. It will grow to $2.15 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to increasing digital health and telemedicine, growing adoption of targeted therapy, improved diagnostic tools, growing awareness of progressive multifocal leukoencephalopathy (pml). Major trends in the forecast period include technological advancements in progressive multifocal leukoencephalopathy (pml) treatment, research and clinical trials, early diagnosis and screening, development of new drug therapies.

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Market Drivers and Trends:
The growing prevalence of human immunodeficiency virus (HIV) infection is expected to propel the growth of the progressive multifocal leukoencephalopathy market going forward. HIV is a retrovirus that attacks the immune system, specifically targeting CD4 cells (also known as T cells), which play a crucial role in helping the body fight infections. Most patients with HIV infection develop PML due to a poor immunological condition indicated by a low CD4 cell count (200/L), the single most significant cause of PML cases worldwide. When a severe HIV-related immune deficit arises, the latent JCV archetype strain in the brain may increase, leading to brain white matter lesions and PML. For instance, in December 2022, according to the Joint United Nations Programme on HIV and AIDS (UNAIDS), a Switzerland-based joint venture of the United Nations for AIDS, 630,000 (480,000-880,000) people died from AIDS-related illnesses and there were 39.0 million [33.1 million-45.7 million] people living with HIV globally. In 2022, 1.3 million [1 million-1.7 million] additional people developed HIV for the first time. Therefore, the growing prevalence of human immunodeficiency virus (HIV) infection is driving the growth of the progressive multifocal leukoencephalopathy market.

Major companies operating in the advanced multifocal leukoencephalopathy treatment market are increasingly focusing on product innovation to provide reliable products to their customers and to strengthen their market position. For instance, in October 2022, Cellevolve Bio, a US-based clinical company, received FDA (The United States Food and Drug Administration) clearance for an investigational new drug (IND) application and orphan drug designation for CE-VST01-JC. This drug aims to treat progressive multifocal leukoencephalopathy and will be evaluated in a global, multi-center, randomized, double-blind, placebo-controlled Phase 2 trial called ASCEND-JC. The problem seeks to compare CE-VST01-JC to a placebo to see if CE-VST01-JC can decrease or prevent neurological progression in PML patients. CE-VST01-JC is a T-cell therapy that targets the JC virus, the cause of PML. It is a significant moment for the PML community and Cellevolve, as the most considerable cell treatment study in PML history will be ASCEND-JC.

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Major Key Players of the Market:
Pfizer Inc., Johnson & Johnson, Roche Holding AG, Merck & Co. Inc., AbbVie Inc., Novartis AG, Bristol Myers Squibb Company, Sanofi S.A., Takeda Pharmaceutical Company Limited, Acorda Therapeutics, Eli Lilly and Company, Gilead Sciences Inc., Amgen Inc., Viatris Inc., Teva Pharmaceutical Industries Ltd., Biogen Inc., Eisai Co. Ltd., Otsuka Pharmaceutical Co. Ltd., Jazz Pharmaceuticals PLC, Ipsen Pharma, Apotex Inc., Alkermes PLC, Alnylam Pharmaceuticals Inc., Genentech Inc., Karyopharm Therapeutics Inc., ARIAD Pharmaceuticals Inc., Spectrum Pharmaceuticals, Neurimmune AG, NeoImmuneTech, Inhibikase Therapeutics Inc.

Progressive Multifocal Leukoencephalopathy Treatment Market 2024 Key Insights:
• The Progressive Multifocal Leukoencephalopathy Treatment Market is expected to grow to$2.15 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%.
• Impact Of HIV Infection Prevalence On The Progressive Multifocal Leukoencephalopathy (PML) Market
• Cellevolve Bio's Breakthrough In PML Treatment
• North America was the largest region in the progressive multifocal leukoencephalopathy treatment market in 2023.

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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