Japan Myasthenia Gravis Treatment Market By Drug class (Monoclonal antibodies, Intravenous immunoglobulin, Others), By Age group (Below 55 years, Above 55 years), By Distribution channel (Hospital pharmacies, Drug store and retail pharmacies, Online providers): Opportunity Analysis and Industry Forecast, 2023-2032
The Japan myasthenia gravis treatment market is anticipated to witness considerable growth during the forecast period. Myasthenia gravis is an autoimmune neuromuscular disorder which is triggered by defect in neuromuscular transmission. The autoimmune disorder is very responsive to treatment, and the symptoms are constantly coming to be extra efficient. The treatments of myasthenia Gravis are needed for improving the health condition of individuals, and the quality of life.
Rise in prevalence of myasthenia gravis and increase in awareness regarding treatments of the disorder is a significant factor driving the growth of the Japan myasthenia gravis treatment market. Furthermore, with improved medical diagnosis, there is surge in need for advanced treatment options, which is expected to augment the growth of the market. In addition, the advent of monoclonal antibodies, combined with the different benefits related to them, such as high selectivity and long-lasting activity, is expected to provide profitable opportunities during the projection duration.
Furthermore, rise in financial investments by the pharmaceutical companies in R&D activities are anticipated to spur the need for myasthenia gravis disorder medicines in the Japan myasthenia gravis treatment market.
On the other hand, side effects of the drugs used for dealing with myasthenia gravis and lack of technical skilled expertise are expected to hamper the market growth.
Conversely, the authorization of license for new treatment options for myasthenia gravis is expected to offer lucrative opportunities for the growth of the Japan myasthenia gravis treatment market. For instance, in 2017, the united state FDA granted AbbVie's new drug application (NDA) for Rituxan (rituximab) as an intravenous (IV) infusion 100 mg plus glucocorticoid, for the treatment of adult patients with moderately to severely active myasthenia gravis (MG).
The Japan myasthenia gravis treatment market is segmented into drug class, age group, and distribution channel. On the basis of drug class, the market is categorized into monoclonal antibodies, intravenous immunoglobulin, and others. Monoclonal antibodies (MABs) are medications that are designed to engage specifically with certain kinds of cells, which can be beneficial in treating autoimmune disorders, such as myasthenia gravis. Intravenous immunoglobulin (IVIG) treatment is just one of the most usual treatments for dealing with myasthenia gravis. By age group, the market is divided into below 55 years and above 55 years. The above 55 years segment has a higher frequency of myasthenia gravis, as the disease is more probable to affect older people. Depending on distribution channel, the market is classified into hospital pharmacies, drug stores and retail pharmacies and online providers.
The Porter's five force analysis is a model, which analyzes the competitive scenario of the industry and role of each stakeholder. It includes the bargaining power of buyers, the bargaining power of suppliers, the threat of substitutes, the threat of new entrants, and the competition among competitive rivalry.
The threat of new entrants is low due to the existence of patent legislation and the existence of major players in the market. The threat of substitutes is low due to the accessibility of a minimal number of treatments available in the market. The bargaining power of suppliers is low due to the presence of a limited number of suppliers in the market. The bargaining power of buyers is low due to the limited availability of treatment options. The intensity of competitive rivalry is high due to the several significant players in the market.
The Japan myasthenia gravis treatment market is characterized by the increase in R&D activities by the pharmaceutical business looking to establish new alternatives treatments for the condition. In addition, upsurge in patent issuances for the treatments of myasthenia gravis is fueling the growth of the market.
Key players included in the report are Astellas Pharma, GlaxoSmithKline, Takeda Pharmaceutical, Daiichi Sankyo, Teva Pharmaceutical Industries, Torii Pharmaceutical, UCB, Merck & Co., Pfizer, Genzyme Corporation
The myasthenia gravis treatment market is segmented into drug class, and distribution channel. In terms of drug class, it is bifurcated into monoclonal antibodies, intravenous immunoglobulin, others. Based on the distribution channel, below 55 Years, above 55 Years.
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Key Market SegmentsBy Age groupBelow 55 years
Above 55 years
By Drug classMonoclonal antibodies
Intravenous immunoglobulin
Others
By Distribution channelHospital pharmacies
Drug store and retail pharmacies
Online providers
Key Market PlayersAstellas Pharma
GlaxoSmithKline
Takeda Pharmaceutical
Daiichi Sankyo
Teva Pharmaceutical Industries
Torii Pharmaceutical
UCB
Merck & Co.
Pfizer
Genzyme Corporation
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