Press release
🌐 ALS Treatment Market to Hit $1.04 Billion by 2032 | Driven by New Drug Approvals & Asia-Pacific Expansion
Access Complete Report: https://www.alliedmarketresearch.com/amyotrophic-lateral-sclerosis-treatment-market-A10244The global amyotrophic lateral sclerosis (ALS) treatment market was valued at $662.3 million in 2022 and is projected to reach $1,038.94 million by 2032, growing at a CAGR of 4.6% (2023-2032). ALS, a progressive neurodegenerative disease, continues to drive demand for new therapies amid rising global prevalence.
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🔍 Key Market Drivers
Rising Prevalence: Europe leads with a prevalence of 6.22 per 100,000, fueling demand for treatment.
Emerging Markets: Asia-Pacific, Latin America, and Africa offer growth potential through improved infrastructure and awareness.
FDA Approvals: Recent approvals of RELYVRIO (Amylyx, 2022) and RADICAVA ORS (Mitsubishi Tanabe, 2022) are expanding treatment portfolios.
R&D Momentum: Robust funding is accelerating gene therapy and stem cell research.
Early Diagnosis: Advocacy and tech advancements are enabling faster intervention.
⚠ Market Challenges
Limited FDA-Approved Drugs: Only Riluzole and Edaravone approved to date.
Diagnostic Delays: ALS symptoms often mimic other conditions.
Drug Side Effects: Issues like nausea, diarrhea, and infections affect adherence.
🧪 Market Segmentation
By Drug:
Riluzole - Market leader.
Edaravone (RADICAVA ORS) - Gaining momentum.
Others (RELYVRIO) - Poised for rapid growth.
By ALS Type:
Sporadic ALS (90-95%) - Dominant segment.
Familial ALS - Fastest-growing due to genetic advancements.
By Distribution:
Retail Pharmacies - Largest share.
Online - Fastest-growing.
By Region:
North America - Leading due to R&D and healthcare access.
Asia-Pacific - Fastest-growing region.
Europe - Stable growth.
LAMEA - Emerging potential.
🏢 Key Players
Amylyx Pharmaceuticals
Mitsubishi Tanabe Pharma
Aquestive Therapeutics
Glenmark, Sun Pharma, Viatris, Covis Pharma, ITALFARMACO, Alkem
📈 Recent Developments
RADICAVA ORS launched in the U.S. (June 2022)
RELYVRIO FDA-approved (September 2022)
Amylyx-Neopharm Partnership for Israel & Palestine (January 2023)
🔮 Outlook to 2032
ALS treatment market growth will be shaped by:
Innovative pipelines (gene & stem cell therapies)
Emerging market expansion
Increased advocacy and diagnostics
💡 Market Takeaways:
Market Size (2032): $1.04 billion
Top Drug: Riluzole
Fastest-Growing Region: Asia-Pacific
Biggest Challenge: Drug limitations & late diagnosis
Key Opportunities: Drug innovation & global access
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
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