The global Multiple System Atrophy (MSA) Therapeutics Market is currently valued at US$ 137.3 Million in 2023 and is anticipated to expand at a CAGR of 4.4%. Owing to the technological advances in healthcare the market is likely to propel to US$ 211.1 Million by 2033.
The multiple system atrophy market share is expected to grow significantly, mainly due to increasing cases of neurodegenerative disorders. The multiple system atrophy market is expected to witness advancement in the upcoming years due to a new type of drug launch. Due to patent protection loss, new players are expected to enter the multiple system atrophy during the forecast years.
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In addition, increasing government support and increasing awareness about neurodegenerative disorders fuel the market growth. The rise in expenditure on healthcare in developing countries and growth in patient awareness of the use of nerve monitoring devices provide new opportunities for the market players.
The manufacturers are involved in the production of multiple system atrophy therapeutics in a larger capacity. Research and innovation are also conducted to launch innovative products for multiple system atrophy therapeutics. For instance, Teva Pharmaceutical Industries Ltd. and MODAG GmbH today announced a strategic collaboration on the exclusive worldwide licensing and development of MODAG’s lead compound anle138b and a related compound, sery433. Anle138b targets pathological alpha-synuclein oligomers and is being evaluated in patients with neurodegenerative diseases for potential disease modification.
North America dominates the multiple system atrophy therapeutics market due to the presence of key market players’ presence, along with recent product launches and established healthcare infrastructure, which will accelerate the market’s growth in the region. The significant R&D investments in Europe abode well for market growth.
Key Takeaways from the Market Study
- As of 2023, the multiple system atrophy therapeutics market was valued at US$137.3 Million
- From 2023 to 2033, the multiple system atrophy therapeutics industry is poised to grow at an 4.4% CAGR
- By 2033, the multiple system atrophy therapeutics market is slated to reach a valuation of US$211.1 Million
- Based on diagnosis, PET scan segment dominated the market in 2023 with a revenue share of 34.6%.
- China is poised to yield a CAGR of 4.1% with respect to multiple system atrophy therapeutics through 2033
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“Growing healthcare spending and increase in the prevalence of neurological disorders are expected to radically transform the multiple system atrophy therapeutics market in the coming years,” comments an analyst at FMI.
Competitive Landscape
Some of the key players in the chronic smell and flavour loss treatment market like Biohaven Pharmaceuticals, Inc., Sumitomo Dainippon Pharma Co., Ltd., AstraZeneca plc, Theravance Biopharma, Inc., Merck & Co., Neuropore Therapies Inc, Newron Pharmaceuticals SpA, ProMIS Neurosciences Inc, Stealth BioTherapeutics Corp, Chelsea Therapeutics International, Ltd. and others.
The manufacturers are involved in the production of multiple system atrophy (MSA) therapeutics larger capacity. Research and innovation are also conducted to launch innovative products for multiple system atrophy (MSA) therapeutics.
- In April 2022, ProMIS Neurosciences, Inc. a biotechnology company focused on the discovery and development of potential therapeutics targeting misfolded proteinssuch as toxic oligomers implicated in the development of neurodegenerative diseases, announced today new milestones in potential therapeutic approaches for ALS.
- In October 2022, Biohaven Ltd. announced advancements in the development of its MoDE extracellular target degrader platform technology licensed from Yale University for various disease indications, including, but not limited to, neurological disorders, cancer, infectious and autoimmune diseases.
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Key Segments Covered in the Multiple System Atrophy (MSA) Market Industry Survey
Multiple System Atrophy (MSA) Therapeutics Market by Type:
- Parkinsonian
- Cerebellar
Multiple System Atrophy (MSA) Therapeutics Market by Diagnosis:
- Magnetic Resonance Imaging (MRI)
- Positron Emission Tomography (PET)
- Single Photon Emission Computed Tomography (SPECT)
- Tilt Table Test
- Others
Multiple System Atrophy (MSA) Therapeutics Market by Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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