According to a new market research study of “North America Multiple Sclerosis Therapeutics Market Forecast to 2027 – COVID-19 Impact and Regional Analysis by Drug Class, Route of Administration, Distribution Channel and Country.” The North America multiple sclerosis therapeutics market is expected to reach US$ 15,269.74 million by 2027 from US$ 9,144.98 million in 2019; it is estimated to grow at a CAGR of 6.8% from 2020 to 2027. The report highlights trends prevailing in the North America multiple sclerosis therapeutics market and the factors driving market along with those that act as hindrances.
The List of Companies
- Merck & Co., Inc.
- Novartis AG
- Bayer AG
- Sanofi
- Bristol-Myers Squibb Company
- Horizon Therapeutics plc
- TEVA PHARMACEUTICAL INDUSTRIES LTD
- Takeda Pharmaceutical Company Limited
- F. HOFFMANN-LA ROCHE LTD
- Biogen
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By Drug Class
- Immunosuppressant
- Immunomodulators
By Route of Administration
- Injectable
- Oral
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- E-Commerce
North America Multiple Sclerosis Therapeutics Market Overview
Multiple sclerosis (MS) is a chronic autoimmune disease affecting the central nervous system, leading to disruptions in communication and coordination functions within the body. It is one of the most prevalent disabling neurological conditions, primarily diagnosed in individuals aged 20 to 50 years.
According to a 2017 study by the National Multiple Sclerosis Society, approximately 1 million adults (up to 913,925) in the United States were living with MS. The increasing prevalence of MS is a key driver of growth in the North America multiple sclerosis therapeutics market. Rising funding and extensive research efforts are contributing to the development of novel treatments and therapies. Organizations such as the National Institute of Neurological Disorders and Stroke, the National MS Society, and the Parkinson’s Action Network are actively engaged in advancing research and innovation in MS therapeutics, further fueling market expansion.
Impact of COVID-19 on the Market
The COVID-19 pandemic significantly affected the healthcare sector in North America, including MS treatment and therapeutics. Patients with chronic neurological conditions have experienced delays in treatment, while pharmaceutical companies have had to cut back on clinical trials and postpone product launches. However, the pandemic also spurred research initiatives aimed at understanding the neurological effects of COVID-19. Several U.S.-based companies and research institutes have launched studies to explore these manifestations, leading to increased interest in neurological research. These efforts have had a positive impact on the North America MS therapeutics market to some extent.
Strategic Insights for North America Multiple Sclerosis Therapeutics
Strategic insights into the North America MS therapeutics market provide data-driven analyses of industry trends, key players, and regional dynamics. These insights help stakeholders, including investors and manufacturers, identify untapped market segments and develop unique value propositions. By leveraging data analytics, industry players can anticipate market shifts and position themselves for long-term success. A forward-looking approach enables businesses to make informed decisions, optimize profitability, and maintain a competitive edge in the evolving MS therapeutics landscape.
Regional Insights and Market Scope
The geographic scope of the North America MS therapeutics market encompasses specific areas where businesses operate and compete. Understanding regional distinctions—such as consumer preferences, economic conditions, and regulatory environments—is essential for developing tailored market strategies. Companies can expand their market reach by identifying underserved areas and adapting their offerings to meet local demands. A targeted approach to market penetration allows for efficient resource allocation, more effective marketing campaigns, and stronger positioning against local competitors. Ultimately, aligning strategies with regional market needs drives sustainable growth and success in the North America MS therapeutics industry.
Conclusion
The North American MS therapeutics market presents growth opportunities despite pandemic-related setbacks. Stakeholders who embrace innovation, regional customization, and strategic partnerships will be well-positioned to improve patient outcomes and achieve long-term success in this evolving landscape.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
