The Multiple Sclerosis (MS) Market size was valued at USD 23.2 billion in 2022 and is expected to reach USD 28.21 billion by 2030 and grow at a CAGR of 2.2% over the forecast period of 2023-2030.
Multiple sclerosis disease is a neurological disorder in which the immune system attacks the myelin, Myelin is a layer that forms around the nerves, myelin is made up of protein and fatty acids, Myelin protects the nerves of the central nervous system and peripheral nervous system, sclerosis term is generally defined when the nerves or the myelin gets attacked the tissue gets affected or gets shredded and scars are formed this scars are denoted sclerosis, there are four types of MS (CIS) clinically isolated syndrome (RRMS) relapsing-remitting MS (PPMS) primary progressive SPMS Secondary progressive, patients suffering from multiple sclerosis faced mild symptoms during the early stages which include muscle weakness, fatigue loss of coordination’s and when the diseases gets intensifying the patients is likely to face difficulty in walking, memory-related issues and many other symptoms which will be explained in final report. The rising awareness of the disease all around the globe is contributing to the growth of the multiple sclerosis market. The rise in the number of multiple sclerosis patients all around the globe to be precise patients in European countries and American countries increases the demand for the multiple sclerosis market, according to our analysis a lot of initiatives is been taken by private health institutions and governments in order to prevent the multiple sclerosis disease in the early stages and new drugs, injections and medicines are been introduced globally in order to make sure people suffering from multiple sclerosis gets proper quality treatment.
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The healthcare industry had to face a lot of problems related to providing services and access to patients suffering from multiple sclerosis. The lockdown rules imposed by the government all around the globe made it difficult for patients to visit the clinics and have access to doctors, covid-19 disrupted the supply chain management of key players which impacted the revenue factor as the supply of drugs could not match up the demand of patients. Though the hospitals were operating still there was a fear among the MS patients regarding the covid-19 as the regular visit to hospitals and clinics may be the reason why the MS patients might get COVID-19.
Drivers
Rise in the awareness all around the globe regarding the MS.
Rise in the innovations related to drugs, and treatment of multiple sclerosis.
Restrain
Expensive treatment, as the cost of the treatments are very high and it might create problems for patients of emerging or underdeveloped regions.
Opportunity
Increase in the technological advancement in the healthcare industry.
Increase in the initiatives taken by the government and healthcare org to create awareness about the disease and provide good quality treatment to patients.
Challenge
Lack of skillful healthcare professionals.
Recession may have a moderate effect on the global multiple sclerosis market as we mentioned earlier the price of the disease treatment is high, it will all be dependent on the perspective of the patients chances are people might ignore the symptoms during the early stage of the disease, the previous recession 2009 clearly dictated the fact that the number of patients visiting the hospitals declined during the recession as recession brings economic disturbance on a personal level and on a global level, This report will give a brief about how the recession will impact the multiple sclerosis market in the developed countries all around the globe because recession will not bring a common situation every other nation will face different crisis because of recession which might.
By Drug Class
Disease Modifying Drugs (DMDs)
Beta Interferons
Immunosuppressants
Synthetic Immunomodulatory Drugs
Chemotherapy Drugs
Corticosteroids
Others
By Disease Type
Relapsing-remitting MS (RRMS)
Secondary Progressive MS (SPMS)
Primary Progressive MS (PPMS)
Progressive Relapsing MS (PRMS)
By Mode of Administration
Oral
Injectable
By Distribution Channel
Hospital Based Pharmacy
Retail Pharmacy
Others
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North America is expected to witness the highest growth and will continue to do during the forecasted period, the rise in the number of research and developments related to multiple sclerosis and new launch of products which is beneficial during the treatment of the disease in this region is the major reason because of which there is an immense growth in North America and the continuous initiatives taken by the government to create awareness in that region is the major element because of which multiple sclerosis market will be growing at a good pace in North America.
Europe will also show good growth as the demand for multiple sclerosis increases and the rising initiative taken by the government to make sure that the patients suffering from the disease in those regions get proper treatment.
APAC will also share good growth due to the rising awareness about the disease and the government initiatives to increase technological advancement in order to provide better treatment to patients.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players Johnson & Johnson, Biogen, Teva Neuroscience, Inc., Genentech, Inc., Dr. Reddy's, Zydus Cadila, Berlex, Sanofi, Novartis AG, Merck KGaA, and Other Players.
Biogen “The initiative taken by the company to innovate and be the pioneers in terms of disruptive therapies of MS prevention and the increase R&D to provide and improve the best outcomes,
Teva Neuroscience, Inc.; The continuous effort taken by the company to develop new treatments and drugs to provide treatment that covers conditions like migraine, movement disorder, and neurodegenerative disorder also the company organizes campaigns and programs for patients all around the globe so that patient can discuss and interact with people are experiencing the similar symptoms also, they help the patients to boost their confidence which is very essential.
| Report Attributes | Details |
| Market Size in 2022 | US$ 23.2 Bn |
| Market Size by 2030 | US$ 28.21 Bn |
| CAGR | CAGR of 2.2% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Drug Class (Disease Modifying Drugs (DMDs), Beta Interferons, Immunosuppressants, Synthetic Immunomodulatory Drugs, Chemotherapy Drugs, Corticosteroids, Others) • By disease Type (Relapsing-remitting MS (RRMS), Secondary Progressive MS (SPMS), Primary Progressive MS (PPMS), Progressive Relapsing MS (PRMS)) • By Mode of administration (Oral, Injectable) • By Distribution Channel (Hospital Based Pharmacy, Retail Pharmacy, Online Pharmacy, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Johnson & Johnson, Biogen, Teva Neuroscience, Inc., Genentech, Inc., Dr. Reddy's, Zydus Cadila, Berlex, Sanofi, Novartis AG, Merck KGaA, Others |
| Key Drivers | • Rise in the awareness all around the globe regarding the MS. • Rise in the innovations related to drugs, treatment of multiple sclerosis. |
| Market Opportunities | • Lack of skill-full healthcare professionals. |
Ans: The Multiple Sclerosis (MS) Market size was valued at USD 23.2 Bn in 2022.
Ans: The Multiple Sclerosis [MS] Market is to growing at a CAGR of 2.2% Over the Forecast Period 2023-2030.
The major key players Johnson & Johnson, Biogen, Teva Neuroscience, Inc., Genentech, Inc., Dr. Reddy's, Zydus Cadila, Berlex, Sanofi, Novartis AG, Merck KGaA, Others
Recession may have a moderate effect on the global multiple sclerosis market as we mentioned earlier the price of the disease treatment is high
North America is expected to witnessing the highest growth and will continue to do during the forecasted period
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Multiple Sclerosis (MS) Market Segmentation By Drug Class
8.1 Disease Modifying Drugs (DMDs)
8.2 Beta Interferons
8.3 Immunosuppressants
8.4 Synthetic Immunomodulatory Drugs
8.5 Chemotherapy Drugs
8.6 Corticosteroids
8.7 Others
9. Global Multiple Sclerosis (MS) Market Segmentation By Disease Type
9.1 Relapsing-remitting MS (RRMS)
9.2 Secondary Progressive MS (SPMS)
9.3 Primary Progressive MS (PPMS)
9.4 Progressive Relapsing MS (PRMS)
10. Global Multiple Sclerosis (MS) Market Segmentation By Mode of Administration
10.1 Oral
10.2 Injectable
11. Global Multiple Sclerosis (MS) Market Segmentation By Distribution Channel
11.1 Hospital Based Pharmacy
11.2 Retail Pharmacy
11.3 Online Pharmacy
11.4 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Global Multiple Sclerosis (MS) Market by country
12.2.2North America Global Multiple Sclerosis (MS) Market by Drug Class
12.2.3 North America Global Multiple Sclerosis (MS) Market by Disease Type
12.2.4 North America Global Multiple Sclerosis (MS) Market by Mode of Administration
12.2.5 North America Global Multiple Sclerosis (MS) Market by Distribution Channel
12.2.6 USA
12.2.6.1 USA Global Multiple Sclerosis (MS) Market by Drug Class
12.2.6.2 USA Global Multiple Sclerosis (MS) Market by Disease Type
12.2.6.3 USA Global Multiple Sclerosis (MS) Market by Mode of Administration
12.2.6.4 USA Global Multiple Sclerosis (MS) Market by Distribution Channel
12.2.7 Canada
12.2.7.1 Canada Global Multiple Sclerosis (MS) Market by Drug Class
12.2.7.2 Canada Global Multiple Sclerosis (MS) Market by Disease Type
12.2.7.3 Canada Global Multiple Sclerosis (MS) Market by Mode of Administration
12.2.7.4 Canada Global Multiple Sclerosis (MS) Market by Distribution Channel
12.2.8 Mexico
12.2.8.1 Mexico Global Multiple Sclerosis (MS) Market by Drug Class
12.2.8.2 Mexico Global Multiple Sclerosis (MS) Market by Disease Type
12.2.8.3 Mexico Global Multiple Sclerosis (MS) Market by Mode of Administration
12.2.8.4 Mexico Global Multiple Sclerosis (MS) Market by Distribution Channel
12.3 Europe
12.3.1 Europe Global Multiple Sclerosis (MS) Market by country
1.3.3.2 Europe Global Multiple Sclerosis (MS) Market by Drug Class
12.3.3 Europe Global Multiple Sclerosis (MS) Market by Disease Type
12.3.4 Europe Global Multiple Sclerosis (MS) Market by Mode of Administration
12.3.5 Europe Global Multiple Sclerosis (MS) Market by Distribution Channel
12.3.6 Germany
12.3.6.1 Germany Global Multiple Sclerosis (MS) Market by Drug Class
12.3.6.2 Germany Global Multiple Sclerosis (MS) Market by Disease Type
12.3.6.3 Germany Global Multiple Sclerosis (MS) Market by Mode of Administration
12.3.6.4 Germany Global Multiple Sclerosis (MS) Market by Distribution Channel
12.3.7 UK
12.3.7.1 UK Global Multiple Sclerosis (MS) Market by Drug Class
12.3.7.2 UK Global Multiple Sclerosis (MS) Market by Disease Type
12.3.7.3 UK Global Multiple Sclerosis (MS) Market by Mode of Administration
12.3.7.4 UK Global Multiple Sclerosis (MS) Market by Distribution Channel
12.3.8 France
12.3.8.1 France Global Multiple Sclerosis (MS) Market by Drug Class
12.3.8.2 France Global Multiple Sclerosis (MS) Market by Disease Type
12.3.8.3 France Global Multiple Sclerosis (MS) Market by Mode of Administration
12.3.8.4 France Global Multiple Sclerosis (MS) Market by Distribution Channel
12.3.9 Italy
12.3.9.1 Italy Global Multiple Sclerosis (MS) Market by Drug Class
12.3.9.2 Italy Global Multiple Sclerosis (MS) Market by Disease Type
12.3.9.3 Italy Global Multiple Sclerosis (MS) Market by Mode of Administration
12.3.9.4 Italy Global Multiple Sclerosis (MS) Market by Distribution Channel
12.3.10 Spain
12.3.10.1 Spain Global Multiple Sclerosis (MS) Market by Drug Class
12.3.10.2 Spain Global Multiple Sclerosis (MS) Market by Disease Type
12.3.10.3 Spain Global Multiple Sclerosis (MS) Market by Mode of Administration
12.3.10.4 Spain Global Multiple Sclerosis (MS) Market by Distribution Channel
12.3.11 The Netherlands
12.3.11.1 Netherlands Global Multiple Sclerosis (MS) Market by Drug Class
12.3.11.2 Netherlands Global Multiple Sclerosis (MS) Market by Disease Type
12.3.11.3 Netherlands Global Multiple Sclerosis (MS) Market by Mode of Administration
12.3.11.4 Netherlands Global Multiple Sclerosis (MS) Market by Distribution Channel
12.3.12 Rest of Europe
12.3.12.1 Rest of Europe Global Multiple Sclerosis (MS) Market by Drug Class
12.3.12.2 Rest of Europe Global Multiple Sclerosis (MS) Market by Disease Type
12.3.12.3 Rest of Europe Global Multiple Sclerosis (MS) Market by Mode of Administration
12.3.12.4 Rest of Europe Global Multiple Sclerosis (MS) Market by Distribution Channel
12.4 Asia-Pacific
12.4.1 Asia Pacific Global Multiple Sclerosis (MS) Market by country
12.4.2 Asia Pacific Global Multiple Sclerosis (MS) Market by Drug Class
12.4.3 Asia Pacific Global Multiple Sclerosis (MS) Market by Disease Type
12.4.4Asia Pacific Global Multiple Sclerosis (MS) Market by Mode of Administration
12.4.5Asia Pacific Global Multiple Sclerosis (MS) Market by Distribution Channel
12.4.6 Japan
12.4.6.1 Japan Global Multiple Sclerosis (MS) Market by Drug Class
12.4.6.2 Japan Global Multiple Sclerosis (MS) Market by Disease Type
12.4.6.3 Japan Global Multiple Sclerosis (MS) Market by Mode of Administration
12.4.6.4 Japan Global Multiple Sclerosis (MS) Market by Distribution Channel
12.4.7 South Korea
12.4.7.1 South Korea Global Multiple Sclerosis (MS) Market by Drug Class
12.4.7.2 South Korea Global Multiple Sclerosis (MS) Market by Disease Type
12.4.7.3 South Korea Global Multiple Sclerosis (MS) Market by Mode of Administration
12.4.7.4 South Korea Global Multiple Sclerosis (MS) Market by Distribution Channel
12.4.8 China
12.4.8.1 China Global Multiple Sclerosis (MS) Market by Drug Class
12.4.8.2 China Global Multiple Sclerosis (MS) Market by Disease Type
12.4.8.3 China Global Multiple Sclerosis (MS) Market by Mode of Administration
12.4.8.4 China Global Multiple Sclerosis (MS) Market by Distribution Channel
12.4.9 India
12.4.9.1 India Global Multiple Sclerosis (MS) Market by Drug Class
12.4.9.2 India Global Multiple Sclerosis (MS) Market by Disease Type
12.4.9.3 India Global Multiple Sclerosis (MS) Market by Mode of Administration
12.4.9.4 India Global Multiple Sclerosis (MS) Market by Distribution Channel
12.4.10 Australia
12.4.10.1 Australia Global Multiple Sclerosis (MS) Market by Drug Class
12.4.10.2 Australia Global Multiple Sclerosis (MS) Market by Disease Type
12.4.10.3 Australia Global Multiple Sclerosis (MS) Market by Mode of Administration
12.4.10.4 Australia Global Multiple Sclerosis (MS) Market by Distribution Channel
12.4.11 Rest of Asia-Pacific
12.4.11.1 APAC Global Multiple Sclerosis (MS) Market by Drug Class
12.4.11.2 APAC Global Multiple Sclerosis (MS) Market by Disease Type
12.4.11.3 APAC Global Multiple Sclerosis (MS) Market by Mode of Administration
12.4.11.4 APAC Global Multiple Sclerosis (MS) Market by Distribution Channel
12.5 The Middle East & Africa
12.5.1 The Middle East & Africa Global Multiple Sclerosis (MS) Market by country
12.5.2 The Middle East & Africa Global Multiple Sclerosis (MS) Market by Drug Class
12.5.3 The Middle East & Africa Global Multiple Sclerosis (MS) Market by Disease Type
12.5.4The Middle East & Africa Global Multiple Sclerosis (MS) Market by Mode of Administration
12.5.5 The Middle East & Africa Global Multiple Sclerosis (MS) Market by Distribution Channel
12.5.6 Israel
12.5.6.1 Israel Global Multiple Sclerosis (MS) Market by Drug Class
12.5.6.2 Israel Global Multiple Sclerosis (MS) Market by Disease Type
12.5.6.3 Israel Global Multiple Sclerosis (MS) Market by Mode of Administration
12.5.6.4 Israel Global Multiple Sclerosis (MS) Market by Distribution Channel
12.5.7 UAE
12.5.7.1 UAE Global Multiple Sclerosis (MS) Market by Drug Class
12.5.7.2 UAE Global Multiple Sclerosis (MS) Market by Disease Type
12.5.7.3 UAE Global Multiple Sclerosis (MS) Market by Mode of Administration
12.5.7.4 UAE Global Multiple Sclerosis (MS) Market by Distribution Channel
12.5.8 South Africa
12.5.8.1 South Africa Global Multiple Sclerosis (MS) Market by Drug Class
12.5.8.2 South Africa Global Multiple Sclerosis (MS) Market by Disease Type
12.5.8.3 South Africa Global Multiple Sclerosis (MS) Market by Mode of Administration
12.5.8.4 South Africa Global Multiple Sclerosis (MS) Market by Distribution Channel
12.5.9 Rest of Middle East & Africa
12.5.9.1 Rest of Middle East & Asia Global Multiple Sclerosis (MS) Market by Drug Class
12.5.9.2 Rest of Middle East & Asia Global Multiple Sclerosis (MS) Market by Disease Type
12.5.9.3 Rest of Middle East & Asia Global Multiple Sclerosis (MS) Market Mode of Administration
12.5.9.4 Rest of Middle East & Asia Global Multiple Sclerosis (MS) Market by Distribution Channel
12.6 Latin America
12.6.1 Latin America Global Multiple Sclerosis (MS) Market by country
12.6.2 Latin America Global Multiple Sclerosis (MS) Market by Drug Class
12.6.3 Latin America Global Multiple Sclerosis (MS) Market by Disease Type
12.6.4 Latin America Global Multiple Sclerosis (MS) Market by Mode of Administration
12.6.5 Latin America Global Multiple Sclerosis (MS) Market by Distribution Channel
12.6.6 Brazil
12.6.6.1 Brazil Global Multiple Sclerosis (MS) Market by Drug Class
12.6.6.2 Brazil Africa Global Multiple Sclerosis (MS) Market by Disease Type
12.6.6.3Brazil Global Multiple Sclerosis (MS) Market by Mode of Administration
12.6.6.4 Brazil Global Multiple Sclerosis (MS) Market by Distribution Channel
12.6.7 Argentina
12.6.7.1 Argentina Global Multiple Sclerosis (MS) Market by Drug Class
12.6.7.2 Argentina Global Multiple Sclerosis (MS) Market by Disease Type
12.6.7.3 Argentina Global Multiple Sclerosis (MS) Market by Mode of Administration
12.6.7.4 Argentina Global Multiple Sclerosis (MS) Market by Distribution Channel
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Global Multiple Sclerosis (MS) Market by Drug Class
12.6.8.2 Rest of Latin America Global Multiple Sclerosis (MS) Market by Disease Type
12.6.8.3 Rest of Latin America Global Multiple Sclerosis (MS) Market by Mode of Administration
12.6.8.4 Rest of Latin America Global Multiple Sclerosis (MS) Market by Distribution Channel
13. Company Profile
13.1 Johnson & Johnson
13.1.1 Market Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Biogen
13.2.1 Market Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Teva Neuroscience, Inc
13.3.1 Market Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Genentech, Inc
13.4.1 Market Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 , Dr. Reddy’s
13.5.1 Market Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Zydus Cadila
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Berlex
13.7.1 Market Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Sanofi
13.8.1 Market Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Novartis AG
13.9.1 Market Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Merck KGaA
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
13. Others
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Used Cases and Best Practices
16. Conclusion
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