The 7 major multiple system atrophy markets reached a value of US$ 129.4 Million in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 187.2 Million by 2034, exhibiting a growth rate (CAGR) of 3.41% during 2024-2034.
Report Attribute
|
Key Statistics
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---|---|
Base Year |
2023
|
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 129.4 Million |
Market Forecast in 2034
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US$ 187.2 Million |
Market Growth Rate (2024-2034)
|
3.41% |
The multiple system atrophy market has been comprehensively analyzed in IMARC's new report titled "Multiple System Atrophy Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Multiple system atrophy (MSA) is a rare and progressive neurodegenerative disorder that generally impacts the autonomic nervous system and the motor system. The symptoms of MSA primarily include a combination of indications such as parkinsonism (tremors, stiffness, and slow movements), loss of balance and coordination, difficulty speaking and swallowing, problems with bladder and bowel control, and changes in blood pressure regulation that cause fainting spells. Due to its resemblance to other neurological disorders and the lack of precise diagnostic testing, diagnosing MSA can be difficult. A conclusive diagnosis of MSA usually requires a combination of clinical, neurological, and imaging evaluations. A clinical evaluation includes a detailed medical history, physical examination, and an assessment of the patient's motor function, balance, speech, and cognition. A neurological assessment consists of tests, such as a spinal tap, electroencephalography, and electromyography. Numerous imaging studies, including MRI and PET scans, are utilized to help identify changes in the brain that are characteristic of MSA.
The rising prevalence of neurogenerative disorders along with the increasing unmet clinical need for treatment is primarily driving the global multiple system atrophy market. In addition to this, the introduction of specific diagnostic criteria, such as the MSA consensus criteria, which help to enhance the accuracy of MSA diagnosis and reduce the number of misdiagnoses, is also creating a positive outlook for the market. Besides this, the emerging popularity of non-pharmacological approaches, such as physiotherapy, occupational therapy, and speech therapy, to assist in managing the symptoms and improving the quality of life for people with MSA is also bolstering the global market. Furthermore, several technological advancements in the field of neuroscience, including the introduction of advanced imaging technologies and gene editing, are augmenting the development of novel diagnostic tools and treatments for MSA. This, in turn, is acting as a significant growth-inducing factor. Apart from this, extensive investments in research activities aimed at analyzing the potential of stem cell therapy for regenerating damaged neurons and improving disease symptoms are expected to drive the global multiple system atrophy market in the coming years.
IMARC Group's new report provides an exhaustive analysis of the multiple system atrophy 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 multiple system atrophy 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 multiple system atrophy 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 multiple system atrophy marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
---|---|
Northera (Droxidopa) | Sumitomo Pharma/Lundbeck |
TAK-341 | Takeda |
Verdiperstat | Biohaven Pharmaceuticals |
LuAF82422 | Lundbeck A/S |
ATH 434 | Alterity therapeutics |
hOMSC300 | Cytora Ltd |
*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
Multiple System Atrophy: Current Treatment Scenario, Marketed Drugs and Emerging Therapies