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The multiple sclerosis drugs market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 6 %, as per The Business Research Company’s market report!

Read More On The Multiple Sclerosis Drugs Market Report 2022 – https://www.thebusinessresearchcompany.com/report/multiple-sclerosis-drugs-global-market-report

The Multiple Sclerosis Drugs Market Size In 2022 And Forecast

The global multiple sclerosis drugs market is expected to grow from $24.75 billion in 2021 to $26.29 billion in 2022 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The multiple sclerosis drugs market is expected to reach $33.46 billion in 2026 at a CAGR of 6.2%.

The multiple sclerosis drugs market consists of sale of multiple sclerosis drugs and related services. Multiple sclerosis (MS) is an autoimmune disease where the immune system attacks the protective fat layer called myelin.

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Support From The Government As Well As Non-Government Organizations Is Driving The Growth Of The Multiple Sclerosis Drugs Market

For instance, in 2019, the government of Alberta in partnership with the Department of Economic Development, Trade, and Tourism in Canada invested $ 1 million towards the Canadian Prospective Cohort Study to Understand Progression in Multiple Sclerosis (CanProCo) to support the research and innovations to enhance understanding and treatment for MS disease. CanProCo is an initiative to consolidate the efforts of nearly 50 MS researchers from various disciplines across Canada. The initiative was further funded by the Canada Brain Research, Biogen Canada, and the MS Society of Canada, as well as Hoffmann-La Roche Limited (Roche Canada) to raise a total of $10 million. Appropriate financial support from the government and non-government organizations boosts the growth of the multiple sclerosis drugs market.

Competitive Landscape And The Regional Analysis Of The Multiple Sclerosis Drugs Market

Major players in the multiple sclerosis drugs market are Biogen, Novartis, Roche, Bayer HealthCare, Pfizer Inc., Merck & Co. Inc., Sanofi, Teva Pharmaceutical Industries Ltd., GlaxoSmithKline, Acorda Therapeutics Inc., Actelion Pharmaceutical, EMD Serono, AbbVie Inc., Betaseron, CinnoVex, Extavia, Rebif and Tysabr.

Additionally, as per TBRC’s research – North America was the largest region in the multiple sclerosis drugs market in 2021 holding the largest market share and Middle East is expected to be the fastest-growing region in the forecast period.

The Multiple Sclerosis Drugs Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the multiple sclerosis drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the multiple sclerosis drugs market.

Launching New Product – A Key Trend In The Multiple Sclerosis Drugs Market

The companies are rapidly intensifying their efforts to focus on new product launches to cater to the rising demands for MS drugs. Multiple sclerosis requires lifelong treatment, which increases the overall cost of treating a patient. To provide better and more effective treatment companies in the multiple sclerosis market are developing drugs specific to the treatment of multiple sclerosis.

Multiple Sclerosis Drugs Market Segmentation By The Business Research Company

1) By Drug Class: Immunomodulators, Immunosuppressants, Interferons, Others

2) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Stores

3) By Route of Administration: Oral Drugs, Parenteral Drugs

Here Are Some Reports Related To The Multiple Sclerosis Drugs Market –

Immunosuppressants Global Market Report 2022 

Drugs For Immunotherapy Global Market Report 2022

Autoimmune Disease Diagnosis Global Market Report 2022 

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