The Global Multiple Sclerosis Drugs Market size is expected to grow from USD 28.83 billion in 2022 to USD 41.95 billion by 2030, at a CAGR of 4.8% during the forecast period (2023-2030).

Multiple sclerosis (MS) is a chronic neurological disease caused by an unknown inflammatory process in the central nervous system (CNS), resulting in multifocal demyelination and axonal loss primarily in the white matter but also in the grey matter of both the brain and the spinal cord. Clinical manifestations vary depending on the anatomical location of inflammatory lesions and are expressions of acute demyelination, which can resolve completely or partially chronic demyelination, and neuroaxonal injury, which is generally irreversible, or both. Based on whether episodic acute demyelinating events or the chronic neurodegenerative process predominate, the clinical course is classified as either relapsing-remitting, which accounts for approximately 60% of prevalent cases, or progressive.

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The Report Will Include A Major Chapter

·         Patent Analysis

·         Regulatory Framework

·         Technology Roadmap

·         BCG Matrix

·         Heat Map Analysis

·         Price Trend Analysis

·         Investment Analysis

Market Dynamics and Factors:  

The average age of diagnosis is 32 years, and the pooled incidence rate across 75 reporting countries is 2.1 per 100,000 people per year. Females are twice as likely as males to have multiple sclerosis. More people living farther from the equator are affected by this. Vitamin D is absorbed by the skin as a result of exposure to sunlight. Researchers are investigating the link between low vitamin D levels and an increased risk of developing multiple sclerosis, an increased frequency of relapses, and a greater negative impact of the disease on patients' lives. Thus, the growing prevalence of multiple sclerosis will bolster the expansion of the multiple sclerosis market during the projected period.

Scope of the Report:

The latest report on the Multiple Sclerosis Drugs Market provides a detailed analysis of the market for the years 2023 to 2030. It presents a comprehensive overview of the global Multiple Sclerosis Drugs Market industry, incorporating all key industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Multiple Sclerosis Drugs Market. Moreover, the research covers crucial chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to grasp the market direction and development in the present and forthcoming years.

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Top Key Players Covered In The Multiple Sclerosis Drugs Market:

Biogen (Massachusetts, U.S.),Pfizer Inc. (New York, U.S.),F. Hoffmann-La Roche Ltd. (Basel, Switzerland),Novartis AG (Basel, Switzerland),Merck & Co., Inc. (New Jersey, U.S.),Sanofi (Paris, France),Teva Pharmaceutical Industries Ltd. (Petah Tikva, Israel),Bristol-Myers Squibb Company (New York, U.S.) and Other Major Players.

Key Industry Development:

In April 2022, Roche issued a warning that Russia's attack on Ukraine is interfering with the development of a new generation of multiple sclerosis (MS) drugs, as the industry has come to rely disproportionately on Eastern Europe for clinical trials.

In August 2020, Novartis launched its U.S. Food and Drug Administration (FDA) approved subcutaneous injection for the treatment of relapsing multiple sclerosis. Kesimpta is the name of that injection (ofatumumab).

In January 2020, Bristol Myers Squibb will launch Zeposia. This is one of the more affordable drugs available on the market for people suffering from multiple sclerosis.

Multiple Sclerosis Drugs Market Segmentation:

By Drug Class

·         Immunosuppressants

·         Interferon

·         Others

By Diagnosis

·         Magnetic resonance imaging (MRI)

·         Blood test

·         Lumbar puncture

·         evoked potential test

By Route of Administrations

·         Injection

·         Oral

·         Others

By Distribution channels

·         Online Pharmacy

·         Hospital Pharmacy

·         Retail Pharmacy

For this report, Introspective Market Research has segmented the Multiple Sclerosis Drugs Market based on region:

§  North America (U.S., Canada, Mexico)

§  Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

§  Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

§  Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

§  Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

§  South America (Brazil, Argentina, Rest of SA)

Covid-19 Impact Analysis on Multiple Sclerosis Drugs Market:

The COVID-19 pandemic has become a major threat all over the world. This challenge will be frightening, particularly for developing countries around the world, as it will result in lower imports due to disruptions in global trade. The increased prevalence of COVID-19 is expected to increase demand for immunosuppressant drugs, as this virus has been reported to severely impact people who already have some kind of medical issue. Due to the ongoing COVID-19 pandemic, governments have imposed a variety of restrictions, including the closure of manufacturing facilities and a ban on cross-border travel. These restrictions have resulted in a severe shortage of drugs and the APIs required for the production of immunosuppressant drugs.

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