Myasthenia Gravis Treatment Market
Growth Factors of Myasthenia Gravis Treatment Market
The myasthenia gravis treatment market size was valued at USD 1.40 billion in 2023, and the market is now projected to grow from USD 1.51 billion in 2024 to USD 2.75 billion by 2032, exhibiting a CAGR of 7.8% during the forecast period of 2024-2032.
The COVID-19 effect posed as a disruptor on the myasthenia gravis treatment market growth because this posed a high level of risk to immune-compromised patients who received fewer admissions in the year 2020. However, relaxation on lockdowns and high vaccination rates in 2021 and 2022 remained the turning point for patient visits and thus marked a recovery in this market.
Increasing awareness of the treatment, rising diagnosis ratio and the geriatric population boost the myasthenia gravis treatment market share. The good reimbursement policies with new treatment requirements have shifted the pressure towards the key market participants to develop new drugs. Development in medical technology and research and better diagnosis with early treatment contribute to growth in the global market.
Furthermore, key players are working on new therapies for myasthenia gravis due to the side effects of traditional approaches and growing patient expectations. An increase in the diagnosis rates and patients wanting a cure, urge for new research and development of drugs. So the key players focus on subcutaneous Ig (SCIg) therapy, a new trend for the home healthcare requirements for patients with primary immune deficiency. The collaborations of companies and research institutions for the treatment are expanding the market.
Comprehensive Analysis of Myasthenia Gravis Treatment Market
This market expansion of the myasthenia gravis treatment and healthcare industry is useful for performing a detailed regional outlook based on the factors influencing pharmacy products' supply and demand. These segmentations are carefully segmented according to the drug class and distribution channel. The drug class includes, Cholinesterase Inhibitors, Corticosteroids, Immunosuppressants, IVIg and Monoclonal Antibodies. The distribution channel includes, Hospital Pharmacies, Retail Pharmacies and Online Pharmacies.
North America is estimated to grow up to USD 0.69 billion in 2023 owing to the growing cases of myasthenia gravis and the population ageing. Advanced healthcare infrastructure and policies regarding reimbursement are enhancing diagnostic and therapeutic ratios. These factors are considered driving forces that sustain the market growth within the forecast period.
The leading market players have a significant presence in the healthcare industry ensuring industrial prospectus growth and the market trends. These players include, AstraZeneca (Cambridge, U.K.), Astellas Pharma Inc. (Tokyo, Japan), F. Hoffmann-La Roche Ltd. (Basel, Switzerland), Novartis AG (Basel, Switzerland), Veloxis Pharmaceuticals, Inc. (Horsholm, Denmark) and Bausch Health Companies Inc. (Laval, Canada). These market players provide a level-playing competitive landscape.
In October 2023, UCB S.A., a worldwide biopharmaceutical organization, declared that the ZILBRYSQ (zilucoplan) is approved in the USA for GMG and is among all adults, affecting those with anti-acetylcholine receptor (AChR) antibodies.
Segmentation Table
Global Myasthenia Gravis Treatment Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 7.8% from 2024 to 2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Drug Class, Distribution Channel, and Region
By Drug Class
Cholinesterase Inhibitors- Corticosteroids
- Immunosuppressants
- IVIg
- Monoclonal Antibodies
By Distribution Channel
Hospital Pharmacies- Retail Pharmacies
- Online Pharmacies
By Region
North America (By Drug Class, By Distribution Channel, and By Country)- U.S. (By Drug Class)
- Canada (By Drug Class)
- Europe (By Drug Class, By Distribution Channel, and By Country/Sub-region)
- U.K. (By Drug Class)
- Germany (By Drug Class)
- France (By Drug Class)
- Italy (By Drug Class)
- Spain (By Drug Class)
- Scandinavia (By Drug Class)
- Rest of Europe (By Drug Class)
- Asia Pacific (By Drug Class, By Distribution Channel, and By Country/Sub-region)
- Japan (By Drug Class)
- India (By Drug Class)
- China (By Drug Class)
- Australia (By Drug Class)
- Rest of Asia Pacific (By Drug Class)
- Rest of the World (By Drug Class, By Distribution Channel)
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