Multiple sclerosis has long been among the leading cause of neurological disabilities worldwide and the direct and indirect costs associated with it remain a major challenge in the multiple sclerosis therapeutics market. Nonetheless, an uptick in the patients suffering from relapsing remitting multiple sclerosis RRMS) and secondary progressive multiple sclerosis (SPMS) should spur adoption of therapeutics equipment.
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Lack of Trust in Generic Molecules Poses Problems in Multiple Sclerosis Therapeutics Market
The critical need for rapid-action drugs in the progressive multiple sclerosis sector is the key driver in the multiple sclerosis therapeutics market. For e.g. – Biogen Idec launched Plegridy – a long-acting variant of its interferon Avonex. Healthcare marketers must improve the safety, tolerability, and dosage of their offerings in the multiple sclerosis therapeutics market. A lack of trust due to generic molecules and biosimilars, coupled with prohibitive costs are detrimental to growth in the multiple sclerosis therapeutics market. The Blue Cross/ Blue Shield estimates that multiple sclerosis drugs in the U.S are more than twice the price of other drugs.
Hormonal Differences Make Women Significantly More Vulnerable Than Men to RRMS
The vast majority of multiple sclerosis cases are relapsing remitting multiple sclerosis. RRMS involves episodes of increasing symptoms that are followed by periods of remission. In 2013, a study conducted by the International Progressive Alliance stated that women are three times more vulnerable than men to RRMS. RRMS typically follows a clinically isolated syndrome (CIS) – with symptoms that are longer than a day. In addition, approx. half of patients progress to SPMS within a decade of being diagnosed with RRMS.
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Convenience of Oral Therapies Explain Their Popularity in the Multiple Sclerosis Therapeutics Market
Disease modifying therapies usually target RRMS and SPMS in the multiple sclerosis therapeutics market. In terms of treatment options, consumers have expressed a clear preference for oral therapies in lieu of injectable ones. Gilenya began the oral therapy boom in 2011 and consolidated its competitive position two years later with Tecfidera – the current leader in the multiple sclerosis therapeutics market. However, oral therapies have been unable to dislodge self-injectable medication from their dominant position in the multiple sclerosis therapeutics market.
A trend of note in the multiple sclerosis therapeutics market has been the growth of infusion therapy. In 2013, Lemtrada – a drug to treat multiple sclerosis was granted regulatory approval by the European Medicines Agency (EMA). Presently, Ocrevus is the only drug approved by the FDA for treating PPMS. Newer compounds such as Zeposia and Kesimpta are likely to intensify competition in the multiple sclerosis therapeutics market. Drugs in phase three clinical trials include Fenebrutinib and Tolebrutinib.
Cash-rich Companies Leave Rivals in Dust in Multiple Sclerosis Therapeutics Market
The three most prescribed brand-name drugs in the multiple sclerosis therapeutics market are Biogen’s Tecfidera, Novartis’ Gilenya, and Roche Holding’s Ocrevus in that order respectively. Experts predict that Ocrevus has extremely promising growth prospects and should gain market share at the expense of its closest rivals. Other major brand-name drugs in the multiple sclerosis therapeutics market comprise Tysabri and Avonex (Biogen Inc.), Copaxone (Teva Pharmaceutical Industries Ltd.), Rebif (Merck KGaA), Aubagio and Lemtrada (Sanofi S.A.), and Betaferon (Bayer AG).
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The Business Research Company published its Multiple Sclerosis Drugs Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global multiple sclerosis drugs market.
The report covers the multiple sclerosis drugs market’s segments- by drug class: immunomodulators; immunosuppressants; interferons; others, by distribution channels: hospital pharmacy; retail pharmacy; online stores, and by route of administration: oral drugs; parenteral drugs.View Complete Report: https://www.thebusinessresearchcompany.com/report/multiple-sclerosis-drugs-market-global-report-2020-covid-19-implications-and-growthMultiple Sclerosis Drugs Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Companies are rapidly intensifying their efforts to focus on new product launches to cater to the rising demands for MS drugs.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
