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Global Spinal Muscular Atrophy Treatment Market 2019-2023

Global Spinal Muscular Atrophy Treatment Market 2019-2023

About this market

With the increase in development of new innovative therapies, there is a growing demand for spinal muscular atrophy treatment. The market is witnessing an increase in the development of new innovative therapies for the treatment of spinal muscular atrophy. For instance, two innovative new therapies for type 1 spinal muscular atrophy have proven to be highly effective in ongoing clinical trials. The first therapy employed a DNA-loaded virus to replace the missing SMN1 gene with a fresh copy of the gene. The second therapy, which has already been approved by the FDA, is called nusinersen (SPINRAZA). It promotes the production of the nerve protein by SMN2. These two therapies have improved the motor function in babies. AveXis in 2018, entered into a licensing agreement with Genethon for the in vivo gene therapy delivery of AAV9 vector into the CNS for the treatment of spinal muscular atrophy. Technavio’s analysts have predicted that the spinal muscular atrophy treatment market will register a CAGR of almost 23% by 2023.Market Overview

Rising number of initiatives being taken by organizations to provide patient care

Several organizations are taking initiatives to provide the best care to patients suffering from spinal muscular atrophy, and some organizations such as Cure SMA are offering care packages and family support staff to newly diagnosed patients.

Low adoption of spinal muscular atrophy treatment

One of the major challenges faced in the market is low adoption of spinal muscular atrophy drug therapy as patients have a higher propensity towards other approaches, such as physiotherapy, nutritional support, respiratory care, and enablement strategies.

For the detailed list of factors that will drive and challenge the growth of the spinal muscular atrophy treatment market during the 2019-2023 period, view our report.

Competitive Landscape

The market appears to be highly concentrated and with the presence of Biogen, the market is expected to grow less concentrated with the emergence of new players during the forecast period. Factors such as increase in development of new innovative therapies and rising number of initiatives being taken by organizations to provide patient care, will provide considerable growth opportunities to spinal muscular atrophy treatment companies. Biogen is the major company covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report - Global Spinal Muscular Atrophy Treatment Market 2019-2023

Technavio recognizes the following company as the key player in the global spinal muscular atrophy treatment market: Biogen.

Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the development of new innovative therapies for treatment. The market is witnessing an increase in the development of new innovative therapies for the treatment of spinal muscular atrophy. For instance, two innovative new therapies for type 1 spinal muscular atrophy have proven to be highly effective in ongoing clinical trials.”

According to the report, one driver influencing this market is the driven by the rising number of initiatives being taken by organizations to provide patient care. Several organizations are taking initiatives to provide the best care to patients suffering from spinal muscular atrophy, and some organizations such as Cure SMA are offering care packages and family support staff to newly diagnosed patients.

Further, the report states that one challenge affecting this market is the low adoption of spinal muscular atrophy treatment. One of the major challenges faced in the market is low adoption of spinal muscular atrophy drug therapy as patients have a higher propensity towards other approaches, such as physiotherapy, nutritional support, respiratory care, and enablement strategies.

Companies Mentioned

Biogen

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global CNS disorder drugs market
      • Table Segments of global cns disorder drugs market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Pipeline analysis
    • Table Late-stage pipeline agents for spinal muscular atrophy
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Type 2 - Market size and forecast 2018-2023
      • Table Type 2 - Market size and forecast 2018-2023 ($ millions)
      • Table Type 2 - Year-over-year growth 2019-2023 (%)
    • Type 3 - Market size and forecast 2018-2023
      • Table Type 3 - Market size and forecast 2018-2023 ($ millions)
      • Table Type 3 - Year-over-year growth 2019-2023 (%)
    • Type 1 - Market size and forecast 2018-2023
      • Table Type 1 - Market size and forecast 2018-2023 ($ millions)
      • Table Type 1 - Year-over-year growth 2019-2023 (%)
    • Type 4 - Market size and forecast 2018-2023
      • Table Type 4 - Market size and forecast 2018-2023 ($ millions)
      • Table Type 4 - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Market Segmentation by treatment
    • Segmentation by treatment
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Rising awareness of treatment and diagnosis of spinal muscular atrophy
    • Development of new innovative therapies for treatment
    • Advances in diagnostic techniques
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Biogen
      • Table Biogen - Vendor overview
      • Table Biogen - Business segments
      • Table Biogen - Organizational developments
      • Table Biogen - Geographic focus
      • Table Biogen - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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