Myasthenia Gravis Market 2021
The global myasthenia gravis market is expected to exhibit a strong 7.5% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR).
Advances in technology has resulted in development of therapeutics that are more effective as compared to traditional medicines. At the same time, increased level of awareness among patients and government support in product research & development is expected to create market opportunities in forthcoming years. Nonetheless, high cost of treatment is currently viewed as the primary restraint for the markets
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Major Key Players:
Global players mentioned in MRFR’s report include GE Healthcare, Novartis AG, Boston Scientific Corporation, Grifols S.A., Koninklijke Philips N.V., Alexion Pharmaceuticals, Inc. Valeant Pharmaceuticals International, Inc., Pfizer Inc., Medtronic Plc., Shire, CSL Behring and Baxter.
Segmentation
The global myasthenia gravis market has been segmented on the basis of diagnosis, treatment, and end-user.
On the basis of diagnosis, the global myasthenia gravis market can be segmented into imaging, blood tests, electrodiagnostic, edrophonium tests, pulmonary function tests, and others. The imaging segment is classified into X-ray, computed tomography (CT), magnetic resonance imaging (MRI), and others.
On the basis of treatment, the global myasthenia gravis disease market can be segmented into medication, surgery, autologous hematopoietic stem cell transplantation (HSCT), plasmapheresis and intravenous immunoglobulin, and others. By medication, the market is divided into acetylcholinesterase inhibitors, immunosuppressants, steroids, and others. The acetylcholinesterase inhibitors segment is further classified into atropine, neostigmine, pyridostigmine, and others. Immunosuppressant drugs are further divided into azathioprine, mycophenolate mofetil, tacrolimus, and rituximab. The steroids segment is further divided into prednisone and others. Surgery is divided into thymectomy and others.
On the basis of end user, the global myasthenia gravis disease market is segmented into hospitals, clinics, academic research institutes, and others.
Regional Analysis:
The regions that are covered in the report are Europe, Americas, Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, Americas captured the largest market share in terms of value. The region is likely to retain its dominance over the review period. There are several factors that can be linked with the region superior position, the prominent ones being existence of a world-class healthcare system, particularly in countries such as the U.S. and Canada, rising healthcare spending and availability of a wide rang of treatment options. The region is followed by Europe and Asia Pacific respectively. The market in Europe is currently valued at USD 675.12 Mn and expected to record a steady growth over the review period. Meanwhile, Asia Pacific is expected to post the highest CAGR over 2023. Presence of a massive patient pool and rising geriatric population is driving the market’s growth in APAC. Additionally, countries such as India and China are undergoing policy overhaul, to improve the socio-economic elements. As a result, a number of sectors, including the healthcare have witness tremendous transformation. Such changes are opening new avenues for market players functioning in the region.
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