Europe Multiple Sclerosis Treatment Market, Disease Type (Relapsing–Remitting Multiple Sclerosis (RRMS), Secondary Progressive Multiple Sclerosis (SPMS), Primary Progressive Multiple Sclerosis (PPMS), Severe Relapsing–Remitting Multiple Sclerosis (RES)), Treatment (Preventive Therapies, Abortive Therapies/Treatment of Acute Exacerbations, Symptomatic Therapies), Drug Type (Branded, Generic), End User (Hospital and Clinics, Diagnostic Laboratories, Others) – Industry Trends and Forecast to 2030.
Europe Multiple Sclerosis Treatment Market Analysis and Size
The growing burden of several infectious diseases on the global healthcare system is a main consideration, with developing countries bearing a disproportionate share of the burden. According to the Institute of Liver and Biliary Sciences India, around 3% of the world's population is largely infected with the hepatitis C virus. The global increase in the incidence of HCV infections especially both in developed and developing countries is a main factor leading to the growth of the multiple sclerosis treatment market.
Data Bridge Market Research analyses that the multiple sclerosis treatment market is expected to reach USD 10,201.16 million by 2030, which is USD 6,026.7 million in 2022, and is expected to undergo a CAGR of 6.8% during the forecast period 2022 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Europe Multiple Sclerosis Treatment Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Disease Type (Relapsing–Remitting Multiple Sclerosis (RRMS), Secondary Progressive Multiple Sclerosis (SPMS), Primary Progressive Multiple Sclerosis (PPMS), Severe Relapsing–Remitting Multiple Sclerosis (RES)), Treatment (Preventive Therapies, Abortive Therapies/Treatment of Acute Exacerbations, Symptomatic Therapies), Drug Type (Branded, Generic), End User (Hospitals, Trauma Centres, Ambulatory Surgical Centres and Other)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
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Market Players Covered
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AbbVie Inc. (U.S.), Bausch Health Companies Inc. (Canada), Biora Therapeutics, Inc (U.S.), Boehringer Ingelheim International Gmbh (Germany), Amgen Inc. (U.S.), Pfizer Inc (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Mylan N.V. (U.S.), Novartis AG (Switzerland)., Bayer AG (Germany), Bristol Myers Squibb Company (U.S.), Biogen (U.S.), Teva Pharmaceutical Industries Ltd (Israel), Takeda Pharmaceutical Company Limited (Japan), Jazz Pharmaceuticals, Inc (U.K.), Abbott (U.S.), Bio-Rad Laboratories Inc. (U.S.), Mylan N.V. (U.S.)
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Market Opportunities
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Market Definition
Multiple sclerosis (MS) is a chronic and inflammatory immune-mediated condition that can cause axonal transection, demyelination, and neurodegeneration of the spinal cord and brain nerve cells. Some of the frequently used therapies include the administration of injectable, oral and infused medicines, antidepressants, physical therapy and muscle relaxants.
Europe Multiple Sclerosis Treatment Market Dynamics
Drivers
- Rising Awareness About Multiple Sclerosis
There has been a rising awareness about the disease which is helping in boosting the market growth. For instance, the Multiple Sclerosis Foundation and affiliated groups have started National MS Education and Awareness Month, which is observed in March since 2003 to create awareness about the disease. The main aim of this program is to promote an understanding of multiple sclerosis disease and assist the patients in making educated decisions associated with its treatment. Furthermore, the National MS Society created and launched the “MS Kills Connection > < Connection Kills MS” campaign to connect people suffering from MS, people who treat MS patients, and people who run activities to create a world free of multiple sclerosis. Thus, this factor boosts the market growth.
- Increasing Occurrence of Multiple Sclerosis
There has been growing occurrences of multiple sclerosis in this region. According to the National Multiple Sclerosis Society’s study, an estimated prevalence of the disease was around 309 cases per 100,000 people in 2010, resulting in total of 727,344 multiple sclerosis cases among adults. Europe is considered a high prevalence region for MS. The Multiple Sclerosis Society stated that about 110,000 people were suffering from the condition in the U.K. in 2018. It is also witnessed that MS is more than twice incident in females in this region. The number of new patients diagnosed every year is also increasing, which means that the number rise from 5,000 patients in 2017 to 6,700 in 2018. Therefore, this incidence rate is boosting the demand for the treatment drugs.
Opportunities
- Increased R&D Activities by Organizations
Numerous drugs are in the research phase for the treatment of multiple sclerosis (MS) and many are undergoing clinical trials. U.S. FDA has approved several drugs for the treatment of MS namely fingolimod, interferons, natalizumab, glatiramer acetate, teriflunomide, and dimethyl fumarate. Several geneticists as well as other researchers are studying human genome for causes and other possible treatments for diseases such as muscular dystrophy, Alzheimer's, cancer and diabetes. For instance, they have found that some people with a specific gene are more likely to develop Alzheimer's disease. So researchers are now working on drugs that will modify or repair that particular gene. Likewise, many researchers have found that some people suffering from multiple sclerosis have a certain gene which makes them more vulnerable to the disease. Hence, they are now consistently working on drugs that will either alter or repair that gene.
Restraints/Challenges
- High cost of Drugs
The cost of multiple sclerosis drugs remains a constant challenge to the market growth despite of the high prevalence of multiple sclerosis. The high pricing of drugs makes it inefficient to meet the needs pf the affected population. DMTs are the standard option for treatment but the extreme cost of these drugs leads to the improper adherence and disease management. As per the National Multiple Sclerois Society, the cost of MS drugs are increasing hugely. This factor is anticipated to limit the market growth.
This multiple sclerosis treatment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the multiple sclerosis treatment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments:
- In 2021, Janssen received U.S. FDA approval for Ponvory. It is a once-daily oral selective sphingosine-1-phosphate receptor 1 (S1P1) modulator, that is used to treat adults with relapsing forms of multiple sclerosis (MS), such as clinically isolated syndrome, relapsing-remitting disease and active secondary progressive disease.
- In 2020, Novartis announced that the US FDA approval for Kesimpta in the form of an injection for subcutaneous use for treating the relapsing forms of multiple sclerosis (RMS), which includes clinically isolated syndrome, relapsing-remitting disease, and active secondary progressive disease, in adults.
Europe Multiple Sclerosis Treatment Market Scope
The multiple sclerosis treatment market is segmented on the basis of disease type, treatment, drug type, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Disease Type
- Relapsing–Remitting Multiple Sclerosis (RRMS)
- Secondary Progressive Multiple Sclerosis (SPMS)
- Primary Progressive Multiple Sclerosis (PPMS)
- Severe Relapsing–Remitting Multiple Sclerosis (RES)
Treatment
- Preventive Therapies
- Abortive Therapies/Treatment of Acute Exacerbations
- Symptomatic Therapies
Drug Type
- Branded
- Generic
Route of Administration
- Oral
- Parenteral
End-User
- Hospital and Clinics
- Diagnostic Laboratories
- Others
Multiple Sclerosis Treatment Regional Analysis/Insights
The multiple sclerosis treatment market is analyzed and market size insights and trends are provided by disease type, treatment, drug type and end-user as referenced above.
The countries covered in the multiple sclerosis treatment market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
Germany is expected to lead the market in the forecast period of 2023 to 2030 due to the introduction of brand new treatment options for multiple sclerosis in the region. The growing research and development for drug development in the region is also boosting the growth of the market. The increased awareness of people associated with multiple sclerosis and its treatment is helping in leading the market growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Multiple Sclerosis Treatment Market Share Analysis
The multiple sclerosis treatment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to multiple sclerosis treatment market.
Some of the major players operating in the multiple sclerosis treatment market are:
- AbbVie Inc. (U.S.)
- Bausch Health Companies Inc. (Canada)
- Biora Therapeutics, Inc (U.S.)
- Boehringer Ingelheim International Gmbh (Germany)
- Amgen Inc. (U.S.)
- Pfizer Inc (U.S.)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Mylan N.V. (U.S.)
- Novartis AG (Switzerland)
- Bayer AG (Germany)
- Bristol Myers Squibb Company (U.S.)
- Biogen (U.S.)
- Teva Pharmaceutical Industries Ltd (Israel)
- Takeda Pharmaceutical Company Limited (Japan)
- Jazz Pharmaceuticals, Inc (U.K.)
- Abbott (U.S.)
- Bio-Rad Laboratories Inc. (U.S.)
- Mylan N.V. (U.S.)
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