Pharmaceuticals

Global Spinal Muscular Atrophy Market Is Estimated To Witness High Growth Owing To Advancements in Treatment Approaches and Increasing Awareness

Cmitejashree

Global Spinal Muscular Atrophy Market Is Estimated To Witness High Growth Owing To Advancements in Treatment Approaches and Increasing Awareness

The global Spinal Muscular Atrophy Market is estimated to be valued at US$ 1,600.6 million in 2022 and is expected to exhibit a CAGR of 13.3% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Spinal Muscular Atrophy (SMA) is a rare genetic disorder characterized by the loss of motor neurons, leading to progressive muscle weakness and atrophy. The market for SMA treatment is witnessing significant growth due to advancements in treatment approaches and increasing awareness about the disease among healthcare professionals and patients. The key products associated with the market include gene therapy, Spinraza (nusinersen), and Evrysdi (risdiplam), which have shown promising results in improving motor function and prolonging survival in SMA patients.

Market Dynamics:

The global SMA market is driven by two main factors. The first driver is the increasing focus on developing innovative treatment approaches. Gene therapy, such as Zolgensma (onasemnogene abeparvovec) and AVXS-101, has emerged as a game-changer in the treatment of SMA. These therapies aim to replace the missing or defective SMN1 gene, which is responsible for SMA, with a functional gene. This approach has shown remarkable success in improving motor function and survival in SMA patients.

The second driver is the increasing awareness about Spinal Muscular Atrophy Market Growth among healthcare professionals and patients. Earlier diagnosis and intervention have become possible due to advancements in diagnostic techniques and increased awareness about the disease. Early treatment initiation can lead to better outcomes and improved quality of life for SMA patients.

SWOT Analysis:

Strengths:

1. Innovative treatment approaches: Gene therapy and disease-modifying drugs have revolutionized the treatment of SMA, providing new hope for patients.

2. Increasing research and development: Pharmaceutical companies are investing heavily in research and development to develop new therapies for SMA.

Weaknesses:

1. High treatment costs: Gene therapy and other advanced treatments for SMA are expensive, making it inaccessible for some patients.

2. Limited availability: Some innovative therapies are only available in certain countries, limiting access for patients worldwide.

Opportunities:

1. Untapped potential in emerging markets: There is a significant untapped market potential in emerging economies, where SMA awareness and access to advanced treatments are still limited.

2. Collaborations and partnerships: Strategic collaborations between pharmaceutical companies and healthcare organizations can promote research and development, leading to the discovery of novel therapeutic options.

Threats:

1. Regulatory challenges: Stringent regulatory processes for approval of gene therapies may delay their availability in certain regions, affecting patients' access to treatment.

2. Intellectual property rights issues: Patent protection and licensing agreements may create market monopolies, limiting affordability and accessibility for patients.

Key Takeaways:

The global Spinal Muscular Atrophy Market is expected to witness high growth, exhibiting a CAGR of 13.3% over the forecast period. This growth is attributed to increasing advancements in treatment approaches, such as gene therapy, and rising awareness about SMA among healthcare professionals and patients.

In terms of regional analysis, North America is expected to dominate the market due to the presence of key market players and a high prevalence of SMA. Europe is anticipated to be the second-largest market, driven by government initiatives and favorable reimbursement policies.

Key players operating in the global Spinal Muscular Atrophy Market include Biogen, CYTOKINETICS, F. Hoffmann-La Roche Ltd, Genentech, Inc., PTC Therapeutics, Inc., Novartis AG, Ionis Pharmaceuticals, Chugai Pharmaceutical Co., Ltd., NMD PHARMA A/S, and Astellas Pharma Inc. These players are focusing on research and development activities to introduce innovative therapies and expand their product portfolios.

In conclusion, the global Spinal Muscular Atrophy Market is witnessing significant growth due to advancements in treatment approaches and increasing awareness. The market is expected to expand further, driven by the introduction of novel therapies and the potential for market penetration in emerging economies. However, challenges such as high treatment costs and limited availability should be addressed to ensure equitable access to SMA treatments.

Cmitejashree

Global Spinal Muscular Atrophy Treatment Market Growth Rate and Trend Analysis Report 2021-2028

Sheryl Dias 2022-04-19

The global spinal muscular atrophy treatment market size is expected to expand at a significant CAGR during the forecast period, 2021–2028. Compititive LandscapeKey players competing in the spinal muscular atrophy treatment market are Biogen; Novartis AG; F. About Growth Market Reports:GROWTH MARKET REPORTS provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. com Follow Us: LinkedIn | Twitter

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Yashvi Gadhiya 2023-08-16

The global antimicrobial additives market is estimated to be valued at USD 2. The increasing concern regarding hygiene and the rising demand for antibacterial plastics are driving the growth of the antimicrobial additives market. Firstly, the growing concern regarding hygiene and the need for effective microbial control in various industries are propelling the demand for antimicrobial additives. For example, in healthcare facilities, antimicrobial additives are used in medical devices, hospital furniture, and equipment to prevent the spread of infections. Silver has long been recognized for its antimicrobial properties and is widely used in the production of antimicrobial additives.

The Global Spinal Muscular Atrophy Market Growth Accelerated By Rising Adoption Of Gene Therapy

ashwini bakhade 2024-02-01

The global Spinal Muscular Atrophy Market is estimated to be valued at US$ 2089. Segment AnalysisThe global spinal muscular atrophy market is dominated by type I segment which accounts for over 40% of the market share. Key TakeawaysThe global spinal muscular atrophy market is expected to witness high growth over the forecast period. The global Spinal Muscular Atrophy Market is estimated to be valued at US$ 2089. Regional analysisNorth America is currently the dominant region in the global spinal muscular atrophy market share owing to increasing research activities for developing novel therapies.

Spinal Muscular Atrophy (SMA) Treatment Market 2022 Top key Players and Analysis Report Till 2028

Hanisha Sahu 2022-06-21

The latest Spinal Muscular Atrophy (SMA) Treatment Market Research Report published by Value Market Research gives in-depth analysis to show industry trends in the upcoming years. Furthermore, this report covers regional analysis comprising the segments, market size, trends, growth along with top players with their market share and strategic developmentThe broad spinal muscular atrophy (SMA) treatment market has been sub-grouped into type, treatment and route of administration. Request a FREE Sample Copy of Spinal Muscular Atrophy (SMA) Treatment Market Report with Full TOC At: https://www. The key players in the spinal muscular atrophy (SMA) treatment market includes Avexis, Inc. Browse Full Global Spinal Muscular Atrophy (SMA) Treatment Market Research Report With TOC At: https://www.

Shining Light on Spinal Muscular Atrophy: Illuminating the Path to Progress

Anjali Pawar 2023-06-06

Shining Light on Spinal Muscular Atrophy: Illuminating the Path to Progress" is a beacon of hope in the realm of SMA. With a focus on scientific discoveries and medical advancements, this content illuminates the path to progress in the fight against Spinal Muscular Atrophy. "Shining Light on Spinal Muscular Atrophy" instills hope and fuels determination in the pursuit of a brighter future for the SMA community. Through a compassionate and informative approach, "Spinal Muscular Atrophy Untangled" serves as a guide for navigating the complex landscape of SMA. " This comprehensive guide unveils the complexities of Spinal Muscular Atrophy (SMA) while providing a clear path towards greater understanding and support.

The Ongoing Research And Development Of Gene Therapy To Fuel Growth Of The Spinal Muscular Atrophy Market

Poonam 2023-12-08

The Spinal Muscular Atrophy Market is estimated to be valued at US$ 1813. The Spinal Muscular Atrophy (SMA) Market is fragmented due to the presence of several international and regional players. The clinical pipeline is also filled with several gene therapy candidates which are under clinical evaluation to cure SMA. Porter’s Analysis Threat of new entrants: The spinal muscular atrophy market requires high investments in R&D for drug development. Key players operating in the spinal muscular atrophy market are Biogen, CYTOKINETICS, F.

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The global spinal muscular atrophy treatment market size is expected to reach USD 13. , for the treatment of pediatric patients aged two months and older with spinal muscular atrophy (SMA). Thus, increasing number of product approvals is expected to drive the spinal muscular atrophy treatment market. Hoffmann-La Roche Ltd launched Evrysdi (risdiplam) for the treatment of patient with spinal muscular atrophy in IndiaList of Key Players in Spinal Muscular Atrophy Treatment MarketBiogenNovartis AGPfizer Inc. PTC TherapeuticsNMD PHARMA A/SOrder a free sample PDF of the Spinal Muscular Atrophy Treatment Market Intelligence Study, published by Grand View Research.

Global Spinal Muscular Atrophy Market

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The Global Spinal Muscular Atrophy Market accounted for US$ 2. Mutations in the survival motor neuron 1 gene, SMN1, cause spinal muscular atrophy, an autosomal recessive condition characterised by degeneration of motor neurons in the spinal cord. There are four forms of spinal muscular atrophy, each of which begins at a different age. In July 2021, SadBaby has pledged to help SMA (Spinal Muscular Atrophy) patients in improving their life and ensuring that no child is left uncured. Analyst View:Rising cases of spinal muscular atrophy globally, as well as an increase in the number of ongoing clinical trial studies and increased research and development funding from the government and various healthcare regulatory bodies, are expected to propel the global spinal muscular atrophy market forward over the forecast period.

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Global Spinal Muscular Atrophy Treatment Market Business Scope

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1% for the forecast period of 2021-2028 Market Analysis and Insights: Global Spinal Muscular Atrophy Treatment Spinal muscular atrophy (SMA) refers to an autosomal recessive neurodegenerative genetic disorder that is generally characterized by weakening of muscles and atrophy. The increase in the number of people suffering from spinal muscular atrophy (SMA) across the globe acts as one of the major factors driving the growth of spinal muscular atrophy (SMA) treatment market. com/reports/global-spinal-muscular-atrophy-sma-treatment-market Global Spinal Muscular Atrophy Treatment Market Scope and Market Size:On the basis of route of administration, the spinal muscular atrophy (SMA) treatment market is segmented into intrathecal, intraspinal, subcutaneous and others. On the basis of end user, the spinal muscular atrophy (SMA) treatment market is segmented into hospitals, homecare, specialty clinics and others Global Spinal Muscular Atrophy Treatment Market Country Level Analysis:The countries covered in the SMA treatment market report are U. dbmr=global-spinal-muscular-atrophy-sma-treatment-market Competitive Landscape & Spinal Muscular Atrophy Treatment Market Share Analysis:The SMA treatment market competitive landscape provides details by competitor.

SMA Treatment Market to Exhibit a Spectacular CAGR of 28.9%

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The global spinal muscular atrophy (SMA) treatment market size is expected to reach USD 14.49 billion by 2026, exhibiting a CAGR of 28.9% during the forecast period.

The rising prevalence of rare diseases around the world will fuel demand for SMA treatment in the forthcoming years, which in turn will aid the growth of the market.

As per the National Policy for the treatment of rare diseases, globally, around 6000 to 8000 rare diseases are estimated to exist with new rare diseases reported on a regular basis.

Furthermore, 80% of all the rare diseases are genetically originated and therefore impact children inexplicably.

Nonetheless, “the growing initiatives by government authorities for pre-diagnosis will impact the spinal muscular atrophy (SMA) treatment market share positively during the forecast period”, predicts our lead analysts at Fortune Business Insights.Market Driver: R Initiatives by Key Players to Spur Sales Opportunities The surge in research and development activities for the improvement of therapies and treatment options by key players will aid the spinal muscular atrophy (SMA) treatment market growth during the forecast period.

Furthermore, the growing initiatives for pre-diagnosis and positive reimbursement policies will boost the spinal muscular atrophy (SMA) treatment market trends in the foreseeable future.

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Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The broad spinal muscular atrophy (SMA) treatment market has been sub-grouped into type, treatment and route of administration.

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Global Spinal Muscular Atrophy (SMA) Treatment Market Size 2021 Emerging Trends, Industry Share, Future Demands, Regional Overview and Forecast To 2027

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Further, this report also highlights the regional and country-level market analysis.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.

An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Spinal Muscular Atrophy (SMA) Treatment Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/spinal-muscular-atrophy-sma-treatment-market/download-sampleMarket DynamicsThe increasing awareness by various NGO’s and the public regarding Spinal Muscular Atrophy (SMA) and a growing number of initiatives to improve treatment for rare diseases are fueling the market growth of SMA treatment.

Moreover, improving the healthcare sector is again boosting the market growth.

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The Spinal Muscular Atrophy Market is driven by Increasing Adoption of Gene Therapy

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The spinal muscular atrophy market overview involves treatments focused on slowing down muscle damage and weakness caused by spinal muscular atrophy (SMA). The genetic therapies for spinal muscular atrophy treat the underlying genetic cause of the disease by targeting mutations in the SMN1 gene. The Global spinal muscular atrophy market is estimated to be valued at US$ 2089. Key Takeaways Key players operating in The Spinal Muscular Atrophy Market are Samsung Electronics, Daktronics, Exceptional 3D, LG Electronics, Panasonic Corporation, Sony Corporation, Leyard Optoelectronic Co. The current geopolitical situation is impacting the growth of the Spinal Muscular Atrophy market.

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