The latest report on “Multiple Sclerosis Market (Treatment Modality – injectable Agents, and Oral Agents; Application – Hospital, and Research): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.”
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Multiple Sclerosis is an inflammatory medical condition characterized by neural demyelination which results in physical and cognitive disability. Companies operating in multiple sclerosis market are adopting strategies such as a merger, acquisition, and new product launches that maximize the market share. In 2016, Teva Industries acquired Actavis Generics. The acquisition enhances the research and development and complementary skills of both companies.
Increasing Research and Development Activities in Pharmaceutical Companies Drive the Growth of Multiple Sclerosis Market
The increasing research and development activities in pharmaceutical companies drive the growth of multiple sclerosis market. The increasing number of cases of multiple sclerosis market contributes to the growth of the multiple sclerosis market. As per recent findings from the National Multiple Sclerosis Society, around 2.3 million people globally are suffering from multiple sclerosis. The advancement in technology in the field of multiple sclerosis management fuels the growth of multiple sclerosis market.
The increasing government initiatives for reimbursement propel the growth of multiple sclerosis market. On the other side, the unaffordable cost of drugs and the side effects of therapeutics in the treatment of multiple sclerosis hinder the growth of multiple sclerosis market. Moreover, new innovative product launches and different therapies with minimum side effects create novel opportunities for the growth of multiple sclerosis market.
North America is Anticipated to Have a Premium Share in the Global Multiple Sclerosis Market
On the basis of geography, the global multiple sclerosis market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to have a premium share in the global multiple sclerosis market. The growing number of patients suffering from multiple sclerosis in the U.S. contributes to the growth of the multiple sclerosis market in North America. According to findings from the National Multiple Sclerosis Society, around 1 million people in the U.S. are suffering from multiple sclerosis.
The Asia-Pacific region is expected to grow in the global multiple sclerosis market with a healthy CAGR over the forecast period. The increasing demand for affordable and effective treatment on multiple sclerosis in the Asia-Pacific region fuels new product launches in the region stimulating the growth of the Asia-Pacific multiple sclerosis market. Europe is also showing growth in the global multiple sclerosis market.
The report on the global multiple sclerosis market covers segments such as treatment modality and application. On the basis of treatment modality, the sub-markets include injectable agents, and oral agents. On the basis of application, the sub-markets include hospital, and research.
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The report provides profiles of the companies in the market such as Pfizer Inc., Teva Pharmaceuticals Industries Ltd., Merck & Co. Inc., AbbVie Inc., Bayer HealthCare Pharmaceuticals LLC, Novartis International AG, Sanofi Aventis, Biogen Idec, F. Hoffmann-La Roche AG, Synthetic Biologics, Inc., and other companies.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the multiple sclerosis.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.