The global Generalized Myasthenia Gravis (GMG) Managements Market is expected to exceed a remarkable valuation of USD 1.32 Billion in 2023, with a compound annual growth rate (CAGR) of 7.6% projected from 2023 to 2033.
As the disease’s incidence and awareness grow, so does the proportion of people who have been diagnosed. As a result, the number of people in need of treatment is growing. The global incidence of generalized myasthenia gravis (GMG) Managements disorder, for example, is estimated to be 12.5 people per 100,000 people. Patients with myasthenia gravis are on the rise, having more than doubled in the last 20 years. Prolonged invention and research into new therapeutics in conjunction with the patient population’s current unmet medical requirements is assumed to lead to increased consumption of novel therapeutics over the anticipated time period.
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The disease’s global prevalence has risen dramatically in recent years. This increase is likely because of higher disease awareness and diagnosis rates in both developed and developing countries. The disorder’s vastly improved reimbursement regulations in the United States are also driving sales growth. Furthermore, the National Organization for Rare Disorders (NORD) estimates the condition’s pervasiveness in the United Kingdom to be 15 per 100,000 people, a figure that has emerged over time. The popularity of innovative therapeutic approaches is increasing in tandem with the disease’s increasing diagnosis speed and favorable reimbursement guidelines. Another factor influencing overall growth is the population’s age structure.
Key Takeaways from the Market Study
- The North American market was worth USD 0.58 billion in 2020.
- Generalized myasthenia gravis (GMG) Managements accounted for about 8.1% of the top ten indications in a 2020 study that appeared in the Journal of the Formosan Medical Association in Australia.
- As a consequence of the drugs’ side effects, approximately 15-20% of patients experience a myasthenia crisis during their treatment.
- The global Generalized Myasthenia Gravis (GMG) Managements market is expected to be worth $2.96 billion USD.
- The incidence of the condition in the United Kingdom is estimated to be 15 per 100,000 people.
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Key Market Players
Key players in the Generalized Myasthenia Gravis (GMG) Managements market are Alexion Pharmaceuticals, Argenx, UCB Biopharma, Horizon Therapeutics, Halozyme Therapeutics, Hoffmann-La Roche AG, Janssen Research & Development, LLC, Immunovant Sciences GmbH, Sanofi, Cartesian Therapeutics.
- Argenx revealed in March 2021 that the FDA had accepted its BLA filing for Efgartigimod for the treatment of generalized myasthenia gravis.
- Horizon Therapeutics plc acquired Viela Bio, Inc. in March 2021 in order to expand its portfolio, pipeline, and medicinal concentrate on rare disease treatments.
“As the disease’s incidence and awareness grow, so does the proportion of people who have been diagnosed. As a result, the number of people in need of treatment is growing. Prolonged innovation and research into new therapeutics in conjunction with the patient population’s current unmet medical needs is expected to lead to increased usage of novel therapeutics over the forecast timeline.” says FMI’s analyst.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global Generalized Myasthenia Gravis (GMG) Managements market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the Generalized Myasthenia Gravis (GMG) Managements market, the market is segmented on the basis of Drug Types (Monoclonal Antibodies, FcRn Inhibitors, Corticosteroid, Cholinesterase Inhibitors, Pharmacotherapy, Therapeutic Plasma Exchange), By End Users (Hospitals, Specialty Clinics, Others) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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About the Healthcare Division at Future Market Insights
The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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