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What fueled the previous growth in the multiple sclerosis drugs market?

In the past few years, the multiple sclerosis drugs market has witnessed significant growth. The market, with a size of $29.66 billion in 2024, is projected to hit $31.5 billion in 2025, showcasing a compound annual growth rate (CAGR) of 6.2%. This growth in the historical period is due to the increasing occurrence of multiple sclerosis, unfulfilled medical requirements, rising investments by pharmaceutical companies, and heightened awareness about multiple sclerosis.

What will be the multiple sclerosis drugs market size in the future?

The market for multiple sclerosis medications is predicted to experience accelerated expansions in the upcoming years, with predictions suggesting a size of $47.97 billion by the year 2029 and a compound annual growth rate (CAGR) of 11.1%. The anticipated growth over the forecast period can be traced back to factors such as the heightened presence of clinical trials, targeted therapies, an increased emphasis on preventative medicines, a surge in demand for biosimilars, an extended geographical footprint, and combination therapies. The forecast period is also expected to reveal trends toward immunomodulatory and immunomodulatory drugs, enduring-action formulations, patient-focused care, drug innovation, in addition to oral and infusion therapies.

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What main drivers are fueling expansion in the multiple sclerosis drugs market?

The multiple sclerosis drugs market is benefiting from the assistance provided by both government and non-government organisations. Various schemes and programmes, financially supported by these organisations, are in place to improve the quality of life for people suffering from multiple sclerosis (MS). An example of this is the Alberta government’s collaboration with the Department of Economic Development, Trade, and Tourism in Canada, which saw an investment of $1 million into the Canadian Prospective Cohort Study to Understand Progression in Multiple Sclerosis (CanProCo). This project was created to unify the work of almost 50 MS researchers from different fields throughout Canada. Additional funding was provided for this initiative by Canada Brain Research, Biogen Canada, the MS Society of Canada, as well as Hoffmann-La Roche Limited (Roche Canada), accumulating a total of $10 million. This substantial financial backing from both government and non-government organisations is propelling the growth of the multiple sclerosis drugs market.

What key areas define the segmentation of the global multiple sclerosis drugs market?

The multiple sclerosis drugs market covered in this report is segmented –

1) By Drug Class: Immunomodulators, Immunosuppressants, Interferons, Other Drug Classes

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

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

Subsegments:

1) By Immunomodulators: Glatiramer Acetate, Fingolimod, Teriflunomide, Dimethyl Fumarate

2) By Immunosuppressants: Natalizumab, Alemtuzumab, Ocrelizumab

3) By Interferons: Interferon Beta-1a, Interferon Beta-1b

4) By Other Drug Classes: Sphingosine 1-Phosphate Receptor Modulators, Monoclonal Antibodies, Other Emerging Therapies

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Who are the dominant players expanding their reach in the multiple sclerosis drugs market?

Major companies operating in the multiple sclerosis drugs market include Biogen Inc., Novartis International AG, F. Hoffmann-La Roche Ltd., Bayer HealthCare LLC, Pfizer Inc., Merck & Co. Inc., Sanofi S.A., Teva Pharmaceutical Industries Ltd., GlaxoSmithKline plc, Acorda Therapeutics Inc., Actelion Pharmaceuticals Ltd, EMD Serono Inc., AbbVie Inc., Bayer Schering Pharma AG, CinnoVex, Bristol-Myers Squibb Company, Johnson & Johnson, Mallinckrodt Pharmaceuticals, Mitsubishi Tanabe Pharma Corporation, Opexa Therapeutics Inc., Receptos Inc., Synthon Pharmaceuticals Inc., TG Therapeutics Inc., Alexion Pharmaceuticals Inc., Alkermes plc, Amgen Inc., Atara Biotherapeutics Inc., Celgene Corporation, Genzyme Corporation

How are evolving market trends shaping multiple sclerosis drugs Strategies?

Firms are quickly amplifying their operations to prioritize the introduction of innovative products to meet the escalating demand for MS medications. Given the necessity for continual treatment of multiple sclerosis, it inevitably elevates the comprehensive treatment expenditure for patients. As a solution, corporations in the multiple sclerosis market are in the process of manufacturing medications tailored specifically to the condition. Emergence of this pattern led to FDA’s approval of Novartis’ Mayzent (siponimod) and EMD Serono’s Mavenclad (cladribine) aimed at addressing relapsing-remitting multiple sclerosis (RRMS) and active secondary progressive multiple sclerosis (SPMS). Both medications were introduced as easily ingestible oral medications.

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Which regions are emerging as leaders in the multiple sclerosis drugs market?

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

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