Global Multiple Sclerosis Drugs Market: Overview

The global market for multiple sclerosis drugs is heavily influenced by the significant increase in the patient pool suffering from secondary progressive and relapsing-remitting multiple sclerosis. The augmenting demand for novel potent drugs for the treatment of multiple sclerosis and the presence of a robust drug pipeline are also propelling this market substantially. Over the forthcoming years, the projected commercialization of drugs that are currently in development phase, such as Zinbryta and Ocrelizumab, is likely to reflect greatly on this market.

This research study, prepared using a number of paid and unpaid sources, offers a detailed assessment of the global market for multiple sclerosis drugs. It is a highly dependable business tool, which assists in identifying prominent trends and growth prospects of this market at both, regional as well as international level. It also presents quantitative and qualitative insights into the competitive landscape of this market by profiling the key enterprises on the basis of their market shares, latest development, business strategies, product details, revenue structure, and contact information. It further performs a SWOT analysis of each of the market players that reveals their potential growth trajectory. In the report, the worldwide market for multiple sclerosis is analyzed on the basis of the drug class, mode of administration, and geographical spread of this market for a coherent understanding.

Global Multiple Sclerosis Drugs Market: Trends and Opportunities

Of late, the escalating prevalence of multiple sclerosis and the extensive research and development pipelines are the prime driving force behind the tremendous growth of the global market multiple sclerosis drugs. In addition to this, the increased research in the field of multiple sclerosis for the development of innovative therapies is likely to boost this market significantly in the forthcoming years.

On the other hand, patent expiry of various blockbuster drugs may create an obstruction in the growth trajectory of this market. Besides, the stringent regulatory hurdles are also projected to restrict this market from rising steadily. However, advancements in biomedical science will create a lucrative opportunity for drugmakers in the near future. The rising mergers and acquisitions between these vendors and the ongoing product launches will also influence this market greatly in the coming years.

Immunomodulators (Avonex/Plegridy, Copaxone, Gilneya, Betaseron/Extavia, Tysabri, Rebif, Tecifidera, and Ampyra) and immunosuppressant (Ocrelizumab, Lemtrada, Aubagio, and Zinbryta) have emerged as the most preferred drug classes used for the treatment of multiple sclerosis and its associated symptoms. Researchers expect this scenario to remain so over the next few years.

Oral, injectable, and intravenous have been identified as the main modes of administration of multiple sclerosis drugs across the world. The demand for oral drugs is higher and is expected to remain so over the forthcoming years.

Global Multiple Sclerosis Drugs Market: Geographical Analysis

North America, Europe, Asia Pacific, and the Rest of the World are considered as the predominant geographical segments of the global market for multiple sclerosis drugs. Among these, North America dominates the overall market, thanks to the presence of a state-of-art medical and healthcare infrastructure. In this region, the U.S. has acquired the topmost position and is trailed by Canada.

Europe and Asia Pacific are also experiencing a robust rise in the demand for multiple sclerosis drugs. In Europe, Spain, Germany, France, Italy, and the U.K. have been leading the market for multiple sclerosis drugs. China, Japan, and India are key contributors to the market for multiple sclerosis drugs in Asia Pacific. The Asia Pacific market is likely to exhibit a higher growth rate than other regional markets over the next few years, thanks to the increasing construction manufacturing and research facilities of a number of leading manufacturers of multiple sclerosis drugs.

Companies mentioned in this report

At the forefront of the global market for multiple sclerosis drugs are Biogen Idec, Bayer Healthcare, Teva Pharmaceuticals, Pfizer, Merck, Sanofi-Aventis, and Novartis. The ample presence of unmet needs and the growing demand for highly effective and fast-acting drugs are expected to prompt drugmakers to modify their existing product portfolio in the near future.

Major regions analyzed under this research report are:

  • Europe
  • North America
  • Asia Pacific
  • Latin America
  • Middle East and Africa

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market  

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.