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How has the ataxia market grown in recent years?

The market size for ataxia has seen significant growth in the past years. It is projected to expand from $37.24 billion in 2024 and hit $40.59 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. This growth over the historic period can be traced back to the constrained treatment alternatives, progression in neurological studies, escalating consciousness about rare diseases, advancement in diagnostic technologies, and heightened attention towards genetic factors.

How is the ataxia market size expected to evolve during the forecast period?

Strong expansion is anticipated in the ataxia market size in the coming years. The market is forecasted to reach $57.01 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.9%. Factors contributing to this predicted growth during the forecast period include the rapid development of drugs for ataxia, increased investment in research on rare diseases, adoption of precision medicine methodologies, stronger emphasis on patient advocacy, and a deeper comprehension of ataxia’s genetic foundation. Noticeable trends for the forecast period encompass the use of digital health solutions for managing ataxia, developing gene therapies specifically for ataxia, a surge in shared research initiatives, focus on patient-centered care models, and the adoption of telemedicine for discussing ataxia.

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Which key drivers are propelling the ataxia market’s growth?

The anticipated surge in alcohol intake is predicted to fuel the expansion of the ataxia market. Alcohol intake typically involves consuming a beverage containing ethanol, typically orally. Chronic misuse of alcohol is the cause of cerebellar degeneration, a common type of acquired toxic ataxia. People suffering from alcohol addiction often present with lower limb postural tremors and gait ataxia. For example, data from the GOV.UK, a governmental department based in the UK, showed that the preliminary total for Alcohol Duty receipts collected from wine and other fermented products from May to July 2024 amounted to £1,154 million. This represents an increase of £32 million (2.9%) when compared with the same timeframe in the previous year. Consequently, the increasing trend in alcohol consumption is a significant contributor to the growth of the ataxia market.

What are the market segments in the ataxia industry?

The ataxia market covered in this report is segmented –

1) By Type: Friedreich’s Ataxia, Ataxia-telangiectasia, Episodic Ataxia, Other Types

2) By Product: Treatment, Diagnosis

3) By Dosage Form: Solid, Liquids, Other Dosage Forms

4) By Route Of Administration: Oral, Parenteral, Other Routes Of Administration

5) By End User: Hospital, Clinics, Home Healthcare, Other End-Users

Subsegments:

1) By Friedreich’s Ataxia: Genetic Counseling And Testing, Symptomatic Treatments

2) By Ataxia-telangiectasia: Immunotherapy, Supportive Care

3) By Episodic Ataxia: Medications For Episodes, Long-term Management Strategies

4) By Other Types: Spinocerebellar Ataxias (SCAs), Ataxia Due To Vitamin Deficiencies Or Toxins

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Which leading companies are shaping the growth of the ataxia market?

Major companies operating in the ataxia market include Pfizer Inc., Johnson & Johnson Services Inc., Eisai Co. Ltd., Genentech Inc., CRISPR Therapeutics AG, Bio-Techne Corporation, Cellectis SA, Eli Lilly & Company, GlaxoSmithKline Plc, Larimar Therapeutics Inc., Capsida Biotherapeutics Inc., Intellia Therapeutics Inc., Bluebird bio Inc., AAVLife SAS, Editas Medicine Inc., Healx, Acorda Therapeutics Inc., H. Lundbeck A/S, Reata Pharmaceuticals Inc., Retrotope Inc., PTC Therapeutics, Zydus Lifesciences Ltd, Ionis Pharmaceuticals Inc, Blade Therapeutics, IntraBio, Biogen Inc., Novartis AG, Pfizer Inc., Sanofi, Roche Holding Ltd., Teva Pharmaceuticals, H. Lundbeck A/S, CRISPR Therapeutics AG, Acorda Therapeutics Inc.

What key trends are currently impacting the ataxia market’s development?

The ataxia market is witnessing a growing trend in product innovation. Major players in the market are concentrating on the development of novel products or drugs to maintain their market standing. For example, Reata Pharmaceuticals, a biotechnology firm based in the US, gained FDA (the U.S. Food and Drug Administration) approval for SKYCLARYS (omavaloxolone) in February 2023. This stands as the first and sole drug prescribed for adults and adolescents over 16 suffering from Friedreich’s ataxia. By the 48th week, the consequences of the once-daily oral medication SKYCLARYS led to a notable decrease in mFARS (modified Friedreich’s Ataxia Rating Scale) scores, indicating less impairment in comparison to a placebo. Typically, the diagnosis of Friedreich’s ataxia, a highly rare genetic neurological disorder, happens around adolescence.

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Which geographic areas are influencing the growth of the ataxia market?

North America was the largest region in the ataxia market in 2024. Asia-Pacific is expected to be the fastest-growing region in the ataxia market report during the forecast period. The regions covered in the ataxia market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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