Amyotrophic Lateral Sclerosis Market is a CAGR of 6% in the forecast period 2023 to 2033

According to a recent FMI study, the global Amyotrophic Lateral Sclerosis Market is expected to reach US$ 743.90 Million in 2023 and US$ 1332.22 Million by 2023 to 2033, at a CAGR of 6%. The market for Amyotrophic Lateral Sclerosis registered a CAGR of 4% in the historical period 2017-2022.

The growth of the Amyotrophic Lateral Sclerosis market can be attributed to the rising geriatric population, growing awareness about ALS, and increasing incidence rate. In addition to this, various measures adopted by the government or healthcare organizations to spread awareness are further pushing the market growth.

In June 2022, the United States Food and Drug Administration (FDA) launched an action plan for Rare Neurodegenerative Diseases including Amyotrophic Lateral Sclerosis (ALS). This action plan is the five-year strategy being implemented by the United States FDA with the motive to improve and extend the lives of people living with rare neurodegenerative diseases. With the implementation of the plan, advancements are taking place in the development of effective medical products to offer novel treatments to all patients.

Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-16174

In terms of market share and revenue, the North American market is predicted to be the most lucrative market during the forecast period with a revenue share of 20%. The region’s growth is driven by the presence of various key players who are working on research and development of effective solutions. For instance, in May 2022, Mitsubishi Tanabe Pharma America received the United States Food and Drug Administration Approval for RADICAVA ORS (edaravone) for the Treatment of amyotrophic lateral sclerosis.

Key Takeaways from the Market Study

  • From 2017-2022, the Amyotrophic Lateral Sclerosis market grew at a CAGR of 4%.
  • The global Amyotrophic Lateral Sclerosis market is expected to grow with a 6% CAGR during 2023-2033.
  • As of 2033, the Amyotrophic Lateral Sclerosis market is expected to reach US$ 1332.22 Million
  • According to the FMI analysis, Hospital pharmacies account for the largest market share.
  • Stem cell therapy is expected to show the highest CAGR owing to the increasing demand for new approaches.
  • North America is expected to possess a 20% market share in the Amyotrophic Lateral Sclerosis market.
  • The Asia Pacific market is predicted to increase significantly throughout the forecast period, with a CAGR of 5% during the forecast period.

Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-16174

“An inclination of the population towards a stationary lifestyle and increasing geriatric population has increased the demand for targeted and indicating treatment options, which are driving the global amyotrophic lateral sclerosis market.” says an FMI analyst

Market Competition

Key players in the Amyotrophic Lateral Sclerosis market are Mitsubishi Tanabe Pharma Corporation; Otsuka Pharmaceutical Co., Ltd.; BrainStorm Therapeutics; Biogen Inc.; Corestem; AB Science; F.Hoffmann-La Roche AG; Biohaven Pharmaceutical; Sun Pharmaceutical; and Ionis Pharmaceuticals, Inc.

  • In June 2021, CRISPR Therapeutics and Capsida Biotherapeutics Inc. entered into a strategic partnership to research, develop, manufacture and commercialize in vivo gene editing therapies using CRISPR technology delivered with engineered AAV vectors for the treatment of familial amyotrophic lateral sclerosis (ALS) and Friedreich’s ataxia. Such partnerships are likely to bolster market growth
Buy Now/Purchase @ https://www.futuremarketinsights.com/checkout/16174
Key Segments Profiled in the Amyotrophic Lateral Sclerosis Industry Survey

Treatment:

  • Medication
  • Stem Cell Therapy
  • Others

Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Others

Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

About Us

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.

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiriessales@futuremarketinsights.com
Websitehttps://www.futuremarketinsights.com
LinkedInTwitterBlogs

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these