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What Is the Current and Projected Market Size of the Plegridy Market Through 2034?

In recent times, the plegridy market size has surged considerably, showing an XX (HCAGR). The market is projected to increase from a valuation of $XX million in 2024 to $XX million in 2025, indicating a compound annual growth rate (CAGR) of XX%. This uptick throughout the historic phase owes its momentum to factors such as increased healthcare spending, a surge in instances of relapsing-remitting multiple sclerosis, a growing preference for self-administered treatment methods, an enhanced focus on patient compliance, and a rising utilization of biologics.

The market size of plegridy is projected to experience an XX (FCAGR) increase over a few years, expanding to $XX million by 2029, with an annual compound growth rate (CAGR) of XX%. This growth during the forecast period can be linked to the increasing emphasis on personalized medicine, the expansion of home health care, augmented usage of digital health tools, an aging population surge, and an increase in insurance coverage. Key trends for the forecast period are comprised of digital health amalgamation, combination treatment methods, advancements in drug delivery systems, the uptake of telemedicine, and the application of artificial intelligence in the management of multiple sclerosis.

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Which Factors and External Forces Are Driving Demand in the Plegridy Market?

The growth of the plegridy market is expected to be propelled by the escalating incidences of multiple sclerosis, a long-lasting autoimmune disorder where the immune system erroneously assaults the myelin, the safeguarding casing enveloping nerve fibers in the central nervous system. This disrupts communication between the brain and the body, leading to different neurological symptoms. Factors attributing to the rising prevalence of multiple sclerosis include environmental influences, enhanced diagnostic procedures, increased disease awareness, lifestyle shifts like obesity and vitamin D deficiency, especially among women. Plegridy, a treatment for multiple sclerosis patients, is utilized to decrease relapse rates and slow disease progression by modulating the immune system. A report issued in May 2024 by the Multiple Sclerosis Trust, a UK-based national charity, asserts that over 150,000 people residing in the UK suffer from multiple sclerosis, with annual new diagnosis reaching over 7,100. Furthermore, multiple sclerosis cases have seen an increase of up to 15% in various regions and is most commonly diagnosed in individuals in their 30s and 40s. Owing to these factors, the rising prevalence of multiple sclerosis is expected to fuel the growth of the plegridy market.

Which Segments in the Plegridy Offer the Most Growth?

The plegridy market covered in this report is segmented –

1) By Roue Of Administration: Subcutaneous (SC) Injection; Intramuscular (IM) Injection

2) By Clinical Indication: Relapsing-Remitting Multiple Sclerosis (RRMS); Secondary Progressive Multiple Sclerosis (SPMS) With Relapses

3) By Distribution Channel: Direct Sales; Online Pharmacies; Wholesale Distributors

4) By End User: Hospitals; Clinical Research Laboratories

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What Are the Fastest-Growing Geographies in the Plegridy Market?

North America was the largest region in the plegridy market in 2024. The regions covered in the plegridy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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What Are the Key Elements That Define the Plegridy Market?

Plegridy (generic name: peginterferon beta-1a) is a prescription medication used to treat relapsing forms of multiple sclerosis (MS), a chronic disease that affects the central nervous system. It helps reduce the frequency of relapses and slows the progression of physical disability in people with MS.

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