The 7 major ataxia markets reached a value of US$ 23.9 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 43.1 Billion by 2034, exhibiting a growth rate (CAGR) of 5.49% during 2024-2034.
Report Attribute
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Key Statistics
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Base Year |
2023
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Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 23.9 Billion |
Market Forecast in 2034
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US$ 43.1 Billion |
Market Growth Rate 2024-2034 | 5.49% |
The ataxia market has been comprehensively analyzed in IMARC's new report titled "Ataxia Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Ataxia is a medical condition in which there’s a loss of muscle coordination during voluntary movements. It is a neurological disorder that affects the ability to control and coordinate muscular motions, leading to difficulties with balance, walking, speaking, and performing fine motor skills. The common indications of this disease include an unsteady gait, clumsiness, fatigue, slurred speech, trembling or shaking of the hands, trouble with eye movements, etc. These symptoms can range in severity from moderate to severe, and they can worsen over time. The diagnosis of ataxia involves a combination of clinical evaluation, medical history review, and neurological examination. The healthcare provider may perform blood workups to check for genetic markers, assess vitamin levels (mainly vitamin E and B12), detect liver and kidney function, and determine specific antibodies associated with the autoimmune causes of the disease. Several other diagnostic procedures, such as magnetic resonance imaging (MRI), computed tomography (CT) scans of the brain, lumbar puncture, etc., are utilized to examine the structure and evaluate any abnormalities or lesions among patients.
The increasing cases of various associated risk factors, including trauma, strokes, tumors, infections, etc., that can lead to damage or dysfunction in the central nervous system are primarily driving the ataxia market. In addition to this, the rising incidence of inherited conditions, resulting from genetic mutations that change the development or function of the brain is also creating a positive outlook for the market. Moreover, the widespread adoption of effective therapeutic agents, like acetazolamide and 4-aminopyridine, to improve disease symptoms by affecting ion channels and neurotransmitter release in the cerebellum is further bolstering the market growth. Apart from this, the escalating application of physical and occupational therapies, since they target specific muscle groups to boost strength and flexibility, thereby promoting independence and quality of life in patients, is acting as another significant growth-inducing factor. Additionally, the emerging popularity of orthotic devices, such as ankle-foot orthoses (AFOs), owing to their several associated benefits, including corrected alignment and posture, enhanced stability, reduced risk of falls, etc., is expected to drive the ataxia market during the forecast period.
IMARC Group's new report provides an exhaustive analysis of the ataxia market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for ataxia and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the ataxia market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current ataxia marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
---|---|
Skyclarys (Omaveloxolone) | Reata Pharmaceuticals |
Vatiquinone | PTC Therapeutics |
RT 001 | Retrotope |
SLS005 | Seelos Therapeutics |
MIN 102 | Minoryx Therapeutics |
DT216 | Design Therapeutics |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Ataxia: Current Treatment Scenario, Marketed Drugs and Emerging Therapies