Spinal Muscular Atrophy (SMA) Treatment Market Breakdown By Size, Share, Growth, Trends, and Industry Analysis
The Global Spinal Muscular Atrophy (SMA) Treatment Market size was valued at around USD 2.3 billion in 2023 and is projected to reach around USD 30.2 billion by 2030. Along with this, the market is anticipated to grow at a CAGR of around 18.2% during the forecast period, i.e., 2025-30.
MarkNtel Advisors recently published a detailed industry analysis of the Global Spinal Muscular Atrophy (SMA) Treatment Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Spinal Muscular Atrophy (SMA) Treatment Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Spinal Muscular Atrophy (SMA) Treatment Market size was valued at around USD 2.3 billion in 2023 and is projected to reach around USD 30.2 billion by 2030. Along with this, the market is anticipated to grow at a CAGR of around 18.2% during the forecast period, i.e., 2025-30.
What are the major Driver the Global Spinal Muscular Atrophy (SMA) Treatment industry?
Growing Incidence of the Disorder to Augment the Market – In terms of cost and healthcare services, the overall burden of spinal muscular atrophy is one of the highest in the rare disorder. With multiple incidences of spinal muscular atrophy popping up due to the increase in population, the requirement for SMA treatment is growing drastically on a global level. As per the Spinal Muscular Atrophy Foundation estimations, 1 in every 6000 to 10000 babies are diagnosed with this, despite being considered a rare disorder. Thus the rising rampancy of this disorder is one of the major factors that increases revenue generation from the market. Moreover, the rising awareness regarding novel therapies and the increasing number of product launches are some of the major factors deriving market growth. The high need for quality treatment options coupled with the awareness about the lethal backlash of the disorder will significantly aid in the development of the market.
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What segments define the Global Spinal Muscular Atrophy (SMA) Treatment market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
- By Type
- Type I- Market Size & Forecast 2020-2030, USD Million
- Type II- Market Size & Forecast 2020-2030, USD Million
- Type III- Market Size & Forecast 2020-2030, USD Million
- Type IV- Market Size & Forecast 2020-2030, USD Million
According to report, SMA Type I has the largest number of SMA patients accounting for about 60% of them worldwide, according to the National Organization for Rare Disorders.
- By Treatment
- Gene Therapy- Market Size & Forecast 2020-2030, USD Million
- Disease-Modifying Drugs- Market Size & Forecast 2020-2030, USD Million
According to report, In the Global Spinal Muscular Atrophy (SMA) Treatment Market gene therapy segment holds a market share of over 70%.
- By Drug Type
- Nusinersen- Market Size & Forecast 2020-2030, USD Million
- Onasemnogene Abeparvovec- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
- By Route of Administration
- Oral- Market Size & Forecast 2020-2030, USD Million
- Injectable- Market Size & Forecast 2020-2030, USD Million
- By Distribution Channel
- Hospital Pharmacies- Market Size & Forecast 2020-2030, USD Million
- Retail Pharmacies- Market Size & Forecast 2020-2030, USD Million
- Online Pharmacies- Market Size & Forecast 2020-2030, USD Million
- By End User
- Hospitals- Market Size & Forecast 2020-2030, USD Million
- Homecare- Market Size & Forecast 2020-2030, USD Million
- Specialty Clinics- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
Explore the Complete Global Spinal Muscular Atrophy (SMA) Treatment Market Analysis Report –
https://www.marknteladvisors.com/research-library/spinal-muscular-atrophy-sma-treatment-market.html
Geographical Analysis: Global Spinal Muscular Atrophy (SMA) Treatment Market
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Spinal Muscular Atrophy (SMA) Treatment Market Share & Competitive Landscape:
The Spinal Muscular Atrophy (SMA) Treatment Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Spinal Muscular Atrophy (SMA) Treatment Market are:
- Biogen
- Novartis AG
- Hoffmann-La Roche Ltd
- Cytokinetics
- PTC Therapeutics, Inc.
- Ionis Pharmaceuticals Inc.
- Astellas Pharma Inc.
- NMD Pharma A/S
- Genzyme Corporation
- Genentech, Inc.
- Pfizer Inc.
- Scholar Rock Holding Corporation
- Novo Nordisk A/S
- Takeda Pharmaceutical Co. Ltd.
Global Spinal Muscular Atrophy (SMA) Treatment Industry Recent Developments
- October 2024: Biogen Inc. reported data concerning the efficacy of nusinersen under the higher dose regimen from Parts B and C of the DEVOTE combined Phase 2/3 trial for infantile-onset, as well as later-onset spinal muscular atrophy in pre-treated-and-untreated-patients.
- March 2023, innovation in Zolgensma®, female name onasemnogene abeparvovec, was claimed by Novartis as a fitting one-time gene therapy essential for spinal muscular atrophy.
Questions Addressed in this Study
1.What factors are driving the Global Spinal Muscular Atrophy (SMA) Treatment Market growth?
2.How is the Global Spinal Muscular Atrophy (SMA) Treatment Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Spinal Muscular Atrophy (SMA) Treatment Market?
4.What is the current size of the Global Spinal Muscular Atrophy (SMA) Treatment Market, and how is it projected to change in the future?
6.What is the future outlook for the Global Spinal Muscular Atrophy (SMA) Treatment Market in terms of technological advancements and market expansion?
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