Multiple Sclerosis Drugs Market Business Strategies

1. Multiple Sclerosis Drugs Market Business Strategies, Revenue, Growth Rate, Leading Players and Business Intelligence Future of Multiple Sclerosis Drugs Market Hinges on FDA Approval and Research Activities Multiple sclerosis is classified as a chronic, autoimmune, and inflammatory disease of the central nervous system, which affects the communication between different parts of the body and the brain. According to the National Multiple Sclerosis Society, over 1 million individuals have multiple sclerosis in the U.S. alone, and around 2.3 million people worldwide. These numbers continue to grow each year, which in turn makes it imperative to discover multiple sclerosis drugs with improved effectiveness and minimum side effects. Government and non-government entities in developed and developing regions are stepping up their efforts toward spreading awareness related to multiple sclerosis and are allocating substantial funds for research and development of new drugs. Progress in life sciences and healthcare in the past decade, number of promising pipeline drug development projects, surge in the number of incidences of multiple sclerosis, and unmet needs pertaining to multiple sclerosis are some of the leading factors that are expected to accelerate the growth of the multiple sclerosis drugs market during the forecast period (2019-2027). Thus, the global multiple sclerosis drugs market, which was valued at US$ 20 Bn in 2019, is expected to reach US$ 31.5 Bn by 2027. Report drugs.html Overview: https://www.transparencymarketresearch.com/multiple-sclerosis- To know the scope of our report Get a Sample on Point-of-Care Multiple Sclerosis Drugs Market Stakeholders Prioritize Development of New Drugs Although prevalence of multiple sclerosis dates back to more than a hundred years, the first wave of drugs that exhibited moderate efficacy levels to treat multiple sclerosis gained approval 25 years ago. Since then, despite significant research, stakeholders were yet to find a treatment or a drug to cure multiple sclerosis.

2. In 2017, the Food and Drug Administration (FDA) gave the approval for Ocrevus ™ (ocrelizumab), a newly developed medication that has shown promising results in slowing down the progression of multiple sclerosis, and is also one of the first drugs to receive the approval for the treatment of primary-progressive multiple sclerosis. Clinical trials revealed that patients who were given doses of ocrelizumab exhibited fewer brain lesions and a significantly lower relapse rate. Furthermore, this drug showed greater efficacy in minimizing the annual relapse rate and a number of lesions that could be seen on MRI scans than interferon beta 1a (one of the most extensively used drugs to treat multiple sclerosis). Get a glimpse of the in-depth analysis through our Report Brochure At present, monoclonal antibodies and Interferon-β are some of the most popular drugs used in the treatment of multiple sclerosis. Monoclonal antibodies drug class segment are likely to retain the lead the multiple sclerosis drugs market during the forecast period and account for a market share of 40% by the end of 2027. New Multiple Sclerosis Medication in Research Pipeline Promises Better Results Although there is no known cure for multiple sclerosis, the adoption of new medications to slow down the progression of multiple sclerosis and manage symptoms is on the rise. In the current scenario, research and development is playing a key role in the development of new treatments. Traditionally, disease-modifying therapies (DMTs) are the main type of medication used to treat multiple sclerosis. Players operating in the multiple sclerosis drugs market are focusing their efforts on gaining approval from the FDA for their newly developed drugs. In recent times, the FDA has approved a range of disease-modifying therapies to treat different types of multiple sclerosis. Most recently, the FDA approved Fingolimod (Gilenya) to treat pediatric multiple sclerosis and glatiramer acetate injections (Glatopa). While new treatments and medications are receiving FDA approval, several other multiple sclerosis drugs are in the research pipeline and expected to enter the multiple sclerosis drugs market during the forecast period. For instance, a relatively recent phase III clinical trial revealed that siponimod, a potential multiple sclerosis drug, could reduce the relapse rate among individuals suffering from secondary progressive multiple sclerosis. Similarly, the findings from a recent phase II clinical trial suggested that ibudilast could potentially hamper the progression of disability in patients with multiple sclerosis. Despite the onset of new oral medications, injectable multiple sclerosis drugs are expected to have a higher demand during the forecast period. Thus, in terms of route of administration, the parenteral segment of the multiple sclerosis drugs market is

3. expected to reach a market value of US$ 12.7 Bn in 2020 and hold a market share of 63% in the same year. Request Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=113 0 Expanding operations in future? To get the perfect launch ask for a custom report Analysts’ Viewpoint The global multiple sclerosis drugs market is expected to grow at a CAGR of 5.9% during the forecast period. The growth of the market can be primarily attributed to the significant rise in the number of research projects focusing on the discovery of new multiple sclerosis drugs with improved efficacy. Stakeholders should focus on gaining approval from the FDA for their newly developed multiple sclerosis drugs and simultaneously turn toward mergers and acquisitions to enhance their footprint in the current multiple sclerosis drugs market. Stakeholders should also focus on streamlining their distribution channels and explore opportunities within the e- Commerce sector. Multiple Sclerosis Drugs Market: Overview This report analyzes the current and future prospects of the global multiple sclerosis drugs market. Rise in prevalence and incidence of multiple sclerosis across the globe, rich product pipeline, and increase in awareness about multiple sclerosis are the key factors projected to drive the multiple sclerosis drugs market during the forecast period. The report provides an elaborate executive summary, which comprises a snapshot of the various segments of the global multiple sclerosis drugs market. The report also provides information and data analysis of the multiple sclerosis drugs market with regards to segments based on drug class, disease type, route of administration, distribution channel, and region. The overview section of the report provides detailed qualitative analysis of drivers and restraints impacting the multiple sclerosis drugs market along with opportunities in the global market Additionally, the multiple sclerosis drugs market report includes company profiles and competitive matrix, which provide data about their business, product portfolio, and competitive landscape in the global multiple sclerosis drugs market The report includes data analysis on the multiple sclerosis drugs market attractiveness by region and segments The last section of the report provides quantitative and qualitative analysis on market share of key players operating in the multiple sclerosis drugs market. It elaborates the key competitive strategies adopted by the major industry players, thereby presenting      

4. a thorough understanding of the competitive scenario in the global multiple sclerosis drugs market. Multiple Sclerosis Drugs Market: Key Segments In terms of drug class, the multiple sclerosis drugs market has been classified into interferon beta, sphingosine 1 phosphate receptor modulators, mixed polymers, NF- κB inhibitor, pyrimidine synthesis inhibitor, monoclonal antibodies,corticosteroids, adrenocorticotropic hormone, and others. The interferon beta segment held a major share of the multiple sclerosis drugs market in 2018. However, the monoclonal antibodies segment is anticipated to dominate the multiple sclerosis drugs market during the forecast period. In terms of disease type, the multiple sclerosis drugs market has been classified into relapsing-remitting MS (RRMS), primary-progressive MS (PPMS), secondary- progressive MS (SPMS), and progressive-relapsing MS (PRMS). The relapsing- remitting MS (RRMS) segment is expected to dominate the multiple sclerosis drugs market during the forecast period. Based on route of administration, the multiple sclerosis drugs market has been bifurcated into parenteral and oral. The parenteral segment is likely to expand at a higher CAGR during the forecast period, due to large patient pool with RRMS. About 75% to 85% of the population suffering from MS have RRMS. In terms of distribution channel, the multiple sclerosis drugs market has been categorized into hospital pharmacies, retail pharmacies & drug stores, and online pharmacies. The retail pharmacies & drug stores segment is projected to dominate the multiple sclerosis drugs market during the forecast period. The market size and forecast for each of these segments have been provided from 2017 to 2027. The CAGR of respective segment has also been provided for the forecast period from 2019 to 2027, considering 2018 as the base year.      Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=113 0 Multiple Sclerosis Drugs Market: Regional Outlook In terms of region, the multiple sclerosis drugs market has been segmented into North America (U.S. and Canada), Europe (U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa) The report provides market size and forecast for each region and countries/sub- regions from 2017 to 2027. Compound annual growth rates (CAGRs) of each of these regions and countries have also been provided for the forecast period from 2019 to 2027, considering 2018 as the base year. The multiple sclerosis drugs market study also covers the competitive scenario in these regions.  

5. Companies Mentioned in Report Key players in the multiple sclerosis drugs market have been profiled based on key aspects such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies Major companies profiled in the multiple sclerosis drugs market report are oBayer AG oTeva Pharmaceutical Industries Ltd. oNovartis AG oSanofi oF. Hoffmann-La Roche Ltd. oCelgene Corporation oAcorda Therapeutics, Inc. oBiogen, Inc. oActelion Pharmaceuticals (Johnson & Johnson) oEMD Serono (Merck KGaA) oAbbVie, Inc.   About Transparency Market Research Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End- Use that will favor growth in the market over the next 9 years. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ Contact

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