Indian Multiple Sclerosis Drugs Market Analysis


  • Type: Common Disease Area
  • Published : April 2021
  • Region: Asia
  • Country: India
  • Report ID : 1318

  • Format: PPT, PDF

Indian Multiple Sclerosis Drug Market: Segmented by Drug Class (Immunomodulators, Immunosuppressants, Interferons and Others), by Route of Administration (Oral and Injection) and by Distribution Channels (Hospital, Retail and Online Pharmacies) – Growth, Trends, and Forecast (2019-2028)

SKU: 1318 Categories: ,

Report Overview

The Indian Multiple Sclerosis Drug market size stood at around USD XX billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of XX% during the forecast period.

India is expected to dominate the market in Asia-Pacific due to changing lifestyle along with increasing prevalence of multiple sclerosis. Multiple sclerosis (MS) is being increasingly diagnosed in India mainly due to increase in the number of practicing neurologists and easy and affordable availability of magnetic resonance imaging (MRI). The crude prevalence of MS in India stands at 8-9 people per. MS can occur at any age but is usually diagnosed between the ages of 20 and 40 years and reported mostly in women (approximately 3 times more often than in men). The growth of multiple sclerosis drugs market is aided by the support from government as well as non-government organization. The government and non-government organizations fund several schemes and programs to offer their support to enhance the quality of life of people affected with multiple sclerosis (MS).

Market Drivers

The key factor for growth of Indian multiple sclerosis drugs market is the rise of demand in the market by pharmaceutical and biotechnological companies with surge in research and development activities including various clinical trials for advanced new drugs against MS disease with huge investment. Many pharmaceutical companies are focusing on novel therapies for treating MS. The expected launch of pipeline products along with the proactive government support and recommendations are encouraging factors for many market players across the globe. Also, the growing prevalence of this disease and the awareness programmes launched by the government to teach patients regarding the treatment options available will drive the future growth of the market.

1. Indian Multiple Sclerosis Drug Market Overview…………………………………..
A. Market Size
2. Market Growth Drivers………………………………………………………………….
A. Increasing Prevalence of Multiple Sclerosis and Government Awareness Programs
B. Increased Clinical Research and R&D Investments
3. Types of Multiple sclerosis…………………………………………………………..
A. Clinically Isolated Syndrome
B. Relapsing-Remitting MS
C. Secondary Progressive MS
D. Primary Progressive MS
4. Multiple Sclerosis Drug Market Segmentation……………………………
A. By Drug Class
I. Immunomodulators
II. Immunosuppressants
III. Interferons
IV. Others
B. By Route of Administration
I. Oral
II. Injection
C. By Distribution Channels
I. Hospital Pharmacies
II. Retail Pharmacies
III. Online Pharmacies
5. Multiple sclerosis Major Drugs Market Share…………………………………
A. Market Analysis, Insights and Forecast – By Drug Type
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………..
A. Sanofi Company overview, Product & Services, Strategies & Financials
B. Novartis AG Company overview, Product & Services, Strategies & Financials
C. Zydus Pharmaceuticals Company, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape…………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth…………………………………………………
A. New Trends and Development of Multiple Sclerosis Drug Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Drug Class:

Based on drug class, the Multiple Sclerosis Drugs market in India is segmented into immunomodulators, immunosuppressants, interferons and others. The immunomodulators dominated the MS drugs market segment and is estimated to lead the market throughout the forecasted period. Immunosuppressants are expecting an increased adoption rate in the forecasted period.

By Route of Administration:

Based on device type, the market is segmented into oral and injection. The injection is having a dominant market share in this segment owing to the rising prevalence of multiple sclerosis and active government recommendations. Launch of advance products and advance R&D by pharmaceutical companies in oral segment is slightly shifting a part towards it.

By Distribution Channels:

Based on distribution channels, the market is segmented into hospital pharmacy, retail pharmacy and online pharmacy. The hospital pharmacy segment is anticipated to dominate the market throughout the forecasted period owing to favorable health reimbursement and increased government efforts to strengthen the government hospital pharmacies.

 Major Players

The major players for Multiple Sclerosis Drugs Market are Bristol-Myers Squibb Company, Sanofi, Novartis AG, Pfizer Inc., Teva Pharmaceutical Industries Ltd., Merck &   Co., Inc, F. Hoffmann-La Roche Ltd., Biogen, Zydus Pharmaceuticals, Inc. (a subsidiary of Zydus Cadila), Bayer AG, Amneal Pharmaceuticals LLC. In 2018, Sanofi launched its multiple sclerosis treatment drug in India. The drug offers patients diagnosed with multiple sclerosis the efficacy and convenience of once-a-day oral treatment.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

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Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

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We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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