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Myasthenia Gravis Treatment Market expected to Witness Huge Revenue Growth to 2031
According to the latest research by InsightAce Analytic, the Global Myasthenia Gravis Treatment Market is valued at US$ 1.42 Bn in 2022, and it is expected to reach US$ 2.71 Bn by 2031, with a CAGR of 7.59% during a forecast period of 2023-2031.
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Myasthenia gravis (MG) is an autoimmune disorder characterized by recurrent episodes of muscle fatigue and weakness. In many cases, standard immunomodulatory therapies-despite appropriate dosing and treatment duration-fail to produce significant symptom relief or induce complete remission. This treatment-resistant form of MG poses a considerable clinical challenge for both patients and neurologists, underscoring the urgent need for the development of innovative therapeutic approaches.
Certain medications, known for their mechanisms of action and demonstrated efficacy in other autoimmune disorders, are being explored as potential treatment options for MG.
Unlike pharmaceutical companies, MG treatment providers typically face fewer regulatory repercussions for noncompliance, which has prompted a shift in research priorities
List of Prominent Players in the Myasthenia Gravis Treatment Market:
• Alexion Pharmaceutical Inc
• Grifols SA
• Avadel Pharmaceuticals plc
• Novartis AG
• Pfizer, Inc
• AbbVie Inc
• F. Hoffmann-La Roche Ltd
• GlaxoSmithKline plc
• Bausch Health Companies Inc
• Shire plc
• AstraZeneca,
• Novartis AG,
• Zydus Lifesciences Limited,
• CSL Limited,
• Octapharma AG,
• Astellas Pharma Inc.,
• Kedrion, SpA.,
• Others
Market Dynamics:
Drivers-
Myasthenia gravis (MG) is a chronic autoimmune disorder that impairs communication between nerves and muscles, leading to muscle weakness. This occurs when the immune system generates antibodies that target and destroy essential receptors on muscle cells, disrupting neuromuscular transmission. Currently, there is no definitive cure for MG, and in many cases, the condition persists throughout a patient's life. Although various treatments-including medications, stem cell therapies, and surgical interventions-may help mitigate symptom severity, they often offer only partial relief.
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Challenges:
Key obstacles hindering market growth include limited awareness and the high costs associated with drug development and distribution, particularly in the face of ongoing supply chain disruptions. Furthermore, potential long-term risks such as cancer, drug toxicity, and susceptibility to life-threatening infections raise concerns regarding the safety profile of current treatment options. Commonly used therapies-such as corticosteroids and immunosuppressants-are associated with adverse effects including increased infection risk, weight gain, mood disturbances, and gastrointestinal issues.
Regional Trends:
North America is expected to lead the global myasthenia gravis treatment market in terms of revenue share, driven by rising healthcare expenditures, widespread adoption of immunotherapies and monoclonal antibodies, and strong research and development infrastructure. Favorable reimbursement frameworks also support market growth in the region. In Europe, the market is expanding due to growing healthcare investments, increasing adoption of antibody-based treatments, and supportive governmental initiatives
Recent Developments:
• In Aug 2023, The approval of Soliris (eculizumab) in Japan was granted for the treatment of generalised myasthenia gravis (gMG) in children who exhibit positivity for anti-acetylcholine receptor (AChR) antibodies and experience challenges in managing their symptoms through high-dose intravenous immunoglobulin (IVIG) or plasmapheresis. Soliris represents the sole targeted therapeutic intervention available in Japan for the treatment of generalised myasthenia gravis (gMG) specifically in the paediatric and adolescent population.
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Segmentation of Myasthenia Gravis Treatment Market-
By Treatment -
• Medication
• Surgery
• Others
By End-Use-
• Hospitals
• Clinics
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.JPG
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Myasthenia gravis is a chronic autoimmune neuromuscular condition that causes muscle weakness and severe fatigue. It causes weakness in the skeletal muscles, which are the muscles your body uses for movement. Myasthenia gravis is caused by a breakdown in the normal communication between nerves and muscles.
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