Amyotrophic Lateral Sclerosis Market Forecast and Opportunities: Current Technological Measures and Advancements
Market Scope
Market
Research Future (MRFR) presumes the Amyotrophic Lateral Sclerosis Market to cross USD 841.6 million by 2030. At a 7.89
% rate, the market size would continue to surge rapidly from 2022 to 2030.
Major Boosters & Deterrents
The
amyotrophic lateral sclerosis industry will benefit from the mounting demand
for innovative IT solutions that facilitate efficient value-based healthcare
delivery. Massive investments in the upgradation of healthcare infrastructure,
and the rampant requirement for effective disease management could have a
remarkable impact on the worldwide market in subsequent years. A vital growth
inducing factor can be the alarming surge in ASL cases worldwide, bolstering
the need for advanced treatments as well as drugs.
Large-scale
R&D expenditure for better quality drugs and treatments combined with the
fast- expanding medical tourism industry in developing countries like India
will offer attractive opportunities to the vendors operating in the global
industry. The surge in government involvement in the field in terms of funding
and new initiatives could further enhance the industry share in the following
years.
Market Segmentation
Type,
treatment type, and end-users are the key segments considered in the amyotrophic
lateral sclerosis market study.
Amyotrophic lateral sclerosis types covered in the extensive study are sporadic
as well as familial. Over the analysis timeframe, the global market will be led
by sporadic ALS, or SALS.
In
the amyotrophic lateral sclerosis industry, the types of treatment include physical
therapy, medication, speech therapy, respiratory therapy, and more. Out of these
treatments, the lead has been achieved by the medication segment in the market.
End-users
in the amyotrophic lateral sclerosis industry are research & academic
institutions, specialty centers, hospitals, and others. Hospitals form the
biggest segment, says MRFR.
Regional Status
MRFR projects the American market to reign
over the worldwide market for amyotrophic lateral sclerosis, thanks to the
rapidly surging awareness about the condition and the rise in hypertension
cases. Substantial healthcare spending, supportive reimbursement policies, escalating
demand for novel ALS drugs, and well-developed healthcare infrastructure foster
the market size to a large extent. Numerous initiatives are being set up by the
government, several authoritative bodies as well as the Collaborative ALS Drug
Discovery Initiative, focused on fast-tracking the development of treatments
and drugs.
The amyotrophic lateral sclerosis industry
in Europe has secured the second position, resulting from the highly developed
healthcare sector and a well-established infrastructure. Many of the healthcare
organizations are focused on setting up research centers for ALS, spending
considerably to foster their efforts in the field. Online
pharmacies have gained a lot of prominence in the region, in view of the
mounting popularity of various eCommerce channels that provide extensive lines
of medicines as well as drug information.
Top Firms
ITF
Pharma (U.S.), Ascend Pharmaceuticals LLC (U.S.), Biogen (U.S.), Ionis
Pharmaceutical (U.S.), Mylan N.V. (U.S.), Sun Pharmaceutical (India), Sanofi
(France), Apotex Inc. (Canada), Mitsubishi Tanabe Pharma America (U.S.), Covis
Pharma (Switzerland) are the
major amyotrophic lateral sclerosis drugs and devices developers outlined in
the report.
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Asia
Pacific will be the most rapidly expanding market in the future, as the number
of generic drug manufacturers continues to soar in the region, particularly in
China and India. The regional industry further benefits from the rise in R&D
spending by the healthcare industry, surge in unmet medical requirements, and
promising efforts by the local manufacturers to promote their brands.
Latest Updates
·
December
2021
BrainStorm Cell Therapeutics Inc., a
well-known manufacturer of cellular therapies focused on neurodegenerative
diseases, has joined hands with Catalent, a world-renowned name in the cell,
biopharma, gene and consumer health space, for the technology transfer of the
NurOwn production at Catalent's unit. BrainStorm-owned NurOwn is a nautologous
cellular therapy that could help treat amyotrophic lateral sclerosis (ALS),
along with progressive multiple sclerosis (PMS) and various neurodegenerative
disorders.
·
December
2021
Amydis confirms its intention to start with
a clinical study in 2022 to assess the potential of its small molecule tracer
for the detection of toxic TDP-43 clumps, amyotrophic lateral sclerosis’
hallmark, present in the retina.
Browse Full Report: https://www.marketresearchfuture.com/reports/amyotrophic-lateral-sclerosis-market-5822
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