NEW YORK, Sept. 1, 2023 /PRNewswire/ -- The neuromyelitis optica spectrum disorder market to grow by USD 173.48 million at a CAGR of 6.16% from 2022 to 2027, according to the latest research report from Technavio. The growing geriatric population drives the growth of the NMOSD market. This condition is primarily found in the elderly population as it is characterized by demyelination of the optic nerves and spinal cord. Furthermore, Asia is a highly lucrative region for disorders due to its growing geriatric population but North America and Europe hold the major shares in the market owing to higher investments in the healthcare sector. Hence, such factors increase the demand for neuromyelitis Optica spectrum disorder drugs which will result in market growth during the forecast period. Discover Pharmaceuticals industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!
Company Landscape
The competition in the global neuromyelitis optica spectrum disorder market is moderate due to the presence of several small-scale and large-scale vendors that compete through organic and inorganic growth strategies. Key vendors hold a significant share of the market. Established vendors have strong financial resources and technical expertise to focus on products R&D. The neuromyelitis optica spectrum disorder market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Company Offerings
- AstraZeneca - The company offers Ultomiris for the treatment of neuromyelitis optica spectrum disorder.
- Biogen Inc. - The company offers Rituximab for the treatment of neuromyelitis optica spectrum disorder.
- Chugai Pharmaceutical Co. Ltd. - The company offers Satralizumab for the treatment of neuromyelitis optica spectrum disorder.
For market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View Sample in minutes
Key Market Segmentation
Technavio has segmented the market into Application (hospitals, specialty clinics, and homecare), Type (aquaporin-4 antibodies and without aquaporin-4 antibodies), and Geography(North America, Europe, Asia, and the Rest of the World (ROW)).
- The hospitals segment will be significant during the forecast period. Various mid-sized hospitals that work with local vendors, have fewer hospital beds (200-300) and have a decentralized administration compared to multi-specialty hospitals. Also, they have skilled professionals and continuous treatment for symptomatic and curative treatment and the treatment and monitoring of chronic diseases are generally conducted in an outpatient facility by skilled staff. Hence, such factors drive the hospitals segment of the neuromyelitis optica spectrum disorder market during the forecast period.
View Sample Report in minutes of this report for more highlights into the market segments.
Regional Market Outlook
- North America will contribute 37% to the growth of the global market during the forecast period. The US and Canada are the largest markets in the region owing to the presence of pharmaceutical giants in the region, and a higher prevalence rate of neuromyelitis Optica spectrum disorder. Also, factors such as the growing geriatric population, increased screen time, and awareness of the condition and its treatment drive the growth of the regional market. Hence, all such factors drive the market in focus in the North American region during the forecast period.
For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report
Companies Mentioned
- AstraZeneca
- Biogen Inc.
- Chugai Pharmaceutical Co. Ltd.
- F. Hoffmann La Roche Ltd.
- HBM Holdings Ltd.
- Horizon Therapeutics Plc
- TG Therapeutics Inc.
- Mitsubishi Chemical Group Corp.
- Opexa Therapeutics Inc.
Market Dynamics
The high costs of NMOSD treatment challenge the growth of the market. Treatment only helps sustain symptoms to a degree and factors like the lack of proper treatment pose a threat to the market growth. Furthermore, drugs prescribed include corticosteroids, azathioprine, and new immunosuppressive treatments. The treatments include eculizumab, satralizumab, and inebilizumab and are usually very expensive, with the annual cost of taking four 300 mg vials of eculizumab every two weeks being approximately USD 400,000. Hence, such challenges impede the growth of the market during the forecast period.
Gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Related Reports:
The autism spectrum disorder therapeutics market is estimated to grow at a CAGR of 7.2% between 2022 and 2027. The market size is forecast to increase by USD 772.65 million. This autism spectrum disorder therapeutics market report extensively covers market segmentation by distribution channel (retail pharmacy, hospital pharmacy, and online pharmacy), type (stimulants, selective serotonin reuptake inhibitors, antipsychotic drugs, sleep medications, and others), and geography (North America, Europe, Asia, and Rest of World). The increasing prevalence of ASD is notably driving the market growth.
The spectrum analyzer market size is estimated to grow at a CAGR of 8.3% between 2023 and 2027. The market size is forecast to increase by USD 748.48 million. This report extensively covers market segmentation by end-user (communication, aerospace and defense, mechanical, and semiconductor and electronics), technology (wired and wireless), and geography (North America, APAC, Europe, South America, and the Middle East and Africa). Increasing demand for spectrum analyzers in defense drives growth.
Neuromyelitis Optica Spectrum Disorder Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.16% |
Market growth 2023-2027 |
USD 173.48 million |
Market structure |
Concentrated |
YoY growth 2022-2023(%) |
6.1 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 37% |
Key countries |
US, Canada, UK, China, and India |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
AstraZeneca, Biogen Inc., Chugai Pharmaceutical Co. Ltd., F. Hoffmann La Roche Ltd., HBM Holdings Ltd., Horizon Therapeutics Plc, TG Therapeutics Inc., Mitsubishi Chemical Group Corp., and Opexa Therapeutics Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
![](https://rt.prnewswire.com/rt.gif?NewsItemId=CG97808&Transmission_Id=202309011845PR_NEWS_USPR_____CG97808&DateId=20230901)
Share this article