Spinal Muscular Atrophy Treatment Market Expected to Reach USD 30.2 Billion by 2030 from USD 2.3 Billion in 2023

A Quick Overview of Spinal Muscular Atrophy (SMA) Treatment Market

The key object of this report on the Spinal Muscular Atrophy (SMA) Treatment Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

According to the latest report, the Global Spinal Muscular Atrophy (SMA) Treatment Market size was valued at around USD 2.3 billion in 2023 and is projected to reach around USD 30.2 billion by 2030. Along with this, the market is anticipated to grow at a CAGR of around 18.2% from 2024 to 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.

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Market Dynamics:

Driver-

Growing Incidence of the Disorder to Augment the Market - In terms of cost and healthcare services, the overall burden of spinal muscular atrophy is one of the highest in the rare disorder. With multiple incidences of spinal muscular atrophy popping up due to the increase in population, the requirement for SMA treatment is growing drastically on a global level. As per the Spinal Muscular Atrophy Foundation estimations, 1 in every 6000 to 10000 babies are diagnosed with this, despite being considered a rare disorder. Thus the rising rampancy of this disorder is one of the major factors that increases revenue generation from the market. Moreover, the rising awareness regarding novel therapies and the increasing number of product launches are some of the major factors deriving market growth. The high need for quality treatment options coupled with the awareness about the lethal backlash of the disorder will significantly aid in the development of the market.

Spinal Muscular Atrophy (SMA) Treatment Market Report Segmentation:

The report by MarkNtel Advisors on Spinal Muscular Atrophy (SMA) Treatment Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Type:

• Type I: Accounts for approximately 60% of SMA patients globally, characterized by severe symptoms appearing in infancy.

• Type II

• Type III

• Type IV

By Treatment Modality:

• Gene Therapy: This segment holds a market share of over 70%, providing long-lasting solutions by directly targeting the genetic causes of SMA.

• Disease-Modifying Drugs

By Drug Type:

• Nusinersen (Spinraza)

• Onasemnogene abeparvovec (Zolgensma)

• Others

By Route of Administration:

• Oral

• Injectable

By Distribution Channel:

• Hospital Pharmacies

• Retail Pharmacies

• Online Pharmacies

By End User:

• Hospitals

• Homecare

• Specialty Clinics

• Others

Regional Insights

The global SMA treatment market is projected to grow significantly across various regions, with North America leading the charge by accounting for more than 40% of the market share by 2024. The presence of advanced medical research infrastructures and innovative therapy deployment is a driving force behind growth in this region.

• North America: Dominates the market due to well-developed healthcare facilities, early detection, and a significant patient population, primarily in the United States.

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa

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Some of the Top Spinal Muscular Atrophy (SMA) Treatment Companies in the Market

In the fast-changing Spinal Muscular Atrophy (SMA) Treatment Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:

• Biogen

• Novartis AG

• F. Hoffmann-La Roche Ltd

• Cytokinetics

• PTC Therapeutics, Inc.

• Ionis Pharmaceuticals Inc.

• Astellas Pharma Inc.

• NMD Pharma A/S

• Genzyme Corporation

• Genentech, Inc.

• Pfizer Inc.

• Scholar Rock Holding Corporation

• Novo Nordisk A/S

• Takeda Pharmaceutical Co. Ltd.

• Other

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