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Myasthenia Gravis Treatment Market to Reach $3.1 Billion, Globally, by 2032 at 6.5% CAGR: Allied Market Research
Allied Market Research
7 min read
Allied Market Research
The global myasthenia gravis treatment market is driven by factors such as rise in demand for effective treatments for myasthenia gravis, increase in prevalence of myasthenia gravis and advancements in R&D of novel drugs.
Portland, OR, May 15, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Myasthenia Gravis Treatment Market by Drug class (Monoclonal antibodies, Intravenous immunoglobulin, Others), by Age group (Below 55 years, above 55 years), by Distribution channel (Hospital pharmacies, Drug store and retail pharmacies, Online providers): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global myasthenia gravis treatment industry generated $1.7 billion in 2022, and is anticipated to generate $3.1 billion by 2032, witnessing a CAGR of 6.5% from 2023 to 2032.
Rise in demand for effective treatments for myasthenia gravis, increase in prevalence of myasthenia gravis and advancements in R&D of novel drugs along with increase in focus of pharmaceutical companies on the development of novel drugs for the treatment of the diseases drives the growth of the global myasthenia gravis treatment market. However, side effects associated with myasthenia gravis treatments restricts the market growth. On the contrary, the growth opportunities in emerging markets are expected to offer remunerative opportunities for expansion of the myasthenia gravis treatment market during the forecast period.
Report coverage & details:
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size in 2022
$1.7 billion
Market Size in 2032
$3.1 billion
CAGR
6.5%
No. of Pages in Report
263
Segments covered
Drug Class, Age group, Distribution Channel and Region.
Drivers
Rise in demand of effective treatments for myasthenia gravis
Surge in prevalence of myasthenia gravis
Advancements in R&D of novel drugs
Opportunity
Increasing investment in research and development by pharmaceutical companies
Restraint
Side effects and high cost associated with treatments for myasthenia gravis
Covid-19 Scenario
The pandemic led to delay in diagnosis and treatment for myasthenia patients, as healthcare systems shifted their resources for COVID-19 treatment.
This delay in diagnosis and treatment impacted patient outcomes and limited the demand for myasthenia gravis treatments.
However, as healthcare systems are recovering from the initial impact of the pandemic, there has been an increased focus on addressing the delayed diagnosis and treatments for myasthenia gravis. This is expected to upsurge the demand for myasthenia gravis treatments during the period.
The others segment to maintain its leadership status throughout the forecast period
Based on drug class, the others segment held the highest market share in 2022, accounting for nearly half of the global myasthenia gravis treatment market revenue, owing to rise in adoption of drugs such as cholinesterase inhibitors and immunosuppressants to manage the symptoms of myasthenia gravis. However, the monoclonal antibodies segment accounted for highest CAGR of 7.3% during the forecast period, owing to effectiveness of monoclonal antibody in treating myasthenia gravis and rise in number of regulatory approvals.
The below 55 years segment to maintain its leadership status throughout the forecast period
Based on age group, the below 55 years segment held the highest market share in 2022, accounting for around three-fifths of the global myasthenia gravis treatment market, and is estimated to maintain its leadership status throughout the forecast period. The same segment is estimated to showcase the fastest CAGR of 6.8% from 2023 to 2032. The growth is attributed to a rise in prevalence of autoimmune disease in people aged below 55 years.
The drug stores and retail pharmacies segment to maintain its lead position during the forecast period
Based on distribution channel, the drug stores and retail pharmacies segment accounted for the largest share in 2022, contributing to more than half of the global myasthenia gravis treatment market revenue, and is projected to maintain its lead position during the forecast period. This segment would portray the highest CAGR of 7.0% from 2023 to 2032. This is due to accessibility of retail pharmacies everywhere and large chain of distribution networks.
North America to maintain its dominance by 2032
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly half of the global myasthenia gravis treatment market revenue, and is likely to dominate the market during the forecast period. The growth is attributed to high prevalence of myasthenia gravis, rise in diagnosis for autoimmune diseases, availability of advanced healthcare infrastructure and presence of major players offering novel therapeutics. However, the Asia-Pacific region is expected to witness the fastest CAGR of 7.6% from 2023 to 2032 owing to increasing number of autoimmune diseases, increase in awareness campaign regarding autoimmune diseases & available treatment options and rise in investments for development of effective treatment options for myasthenia gravis.
Leading Market Players: -
F. Hoffmann-La Roche Ltd.
AstraZeneca
Novartis AG
Zydus Lifesciences Limited
Bausch Health Companies, Inc.
CSL Limited
Grifols, S.A.
Octapharma AG
Astellas Pharma Inc.
Kedrion, SpA
The report provides a detailed analysis of these key players in the global myasthenia gravis treatment market. These players have adopted different strategies such as acquisition, agreement, strategic alliance, product approval, and expansion to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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