Australia Spinal Muscular Atrophy (SMA) Therapeutics Market is projected to grow from $xx Mn in 2023 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2023 ? 2030. The market is expanding as a result of rising SMA instances, technological advancements, government encouragement, rising consumer awareness, and increased R&D activities. Major global players in Spinal Muscular Atrophy (SMA) Therapeutics Market are Sanofi (France), F. Hoffmann-La Roche Ltd. (Switzerland), Boehringer Ingelheim International GmbH. (Germany), GSK plc (U.K.), Novartis AG (Switzerland), Biogen (U.S.), Pfizer Inc.(U.S.), Ionis Pharmaceuticals, Inc. (U.S.), Regeneron Pharmaceuticals Inc (U.S.)., Abbott (U.S.), AbbVie Inc. (U.S.), Novo Nordisk A/S (Denmark), Takeda Pharmaceutical Company Limited (Japan), AstraZeneca (U.K.), Leadiant Biosciences, Inc.(Italy), Catalyst Pharmaceuticals, Inc.(U.S.), PTC Therapeutics (U.S.)
Australia Spinal Muscular Atrophy (SMA) Therapeutics Market is valued at around $55.5 Mn in 2022 and is projected to reach $248.36 Mn by 2030, exhibiting a CAGR of 20.6% during the forecast period 2023-2030.
Spinal muscular atrophy is a neuromuscular condition that causes muscles to deteriorate (SMA). People with SMA lose their motor neurons, a particular class of nerve cells in the spinal cord that controls muscular movement. The nerve signals that drive muscles to contract cannot reach the muscles without these motor neurons. Atrophy is a medical term that denotes reduction. Several muscles in SMA atrophy and shrink due to lack of use. Between 10,000 and 25,000 children and adults in the US have SMA. It affects one in every 6,000 to 10,000 children. SMA is brought on by a missing or altered (mutated) portion of the SMN1 gene. The SMN protein is created by the SMN1 gene. This protein is necessary for the survival and efficient operation of motor neurons. Due to insufficient SMN protein production, motor neurons in SMA patients deteriorate and eventually die. This makes it impossible for the brain to control voluntary actions, especially those involving the head, neck, arms, and legs.
The market is expanding as a result of rising SMA instances, technological advancements, government encouragement, rising consumer awareness, and increased R&D activities. The market is growing due to the increasing popularity of spinraza. Both paediatric and adult patients are treated with a prescription medication called Spinraza. The intrathecal injection is used by trained healthcare personnel to give it. On a global scale, a number of countries, including Norway, Italy, the Netherlands, Croatia, and Poland, have entirely covered the cost of Spinraza. The market is able to grow as a result of this. Major global players in Spinal Muscular Atrophy (SMA) Therapeutics Market are Sanofi (France), F. Hoffmann-La Roche Ltd. (Switzerland), and Boehringer Ingelheim International GmbH. (Germany), GSK plc (U.K.), Novartis AG (Switzerland), Biogen (U.S.), Pfizer Inc.(U.S.), Ionis Pharmaceuticals, Inc. (U.S.), Regeneron Pharmaceuticals Inc (U.S.)., Abbott (U.S.), AbbVie Inc. (U.S.), Novo Nordisk A/S (Denmark), Takeda Pharmaceutical Company Limited (Japan), AstraZeneca (U.K.), Leadiant Biosciences, Inc.(Italy), Catalyst Pharmaceuticals, Inc.(U.S.), PTC Therapeutics (U.S.).
Market Drivers
The growing acceptability of novel therapies is one of the main reasons for promoting market progress. For instance, Cure SMA organised the 2022 Annual SMA Conference in Anaheim in 2021 to bring together the SMA community, which includes patients, researchers, their caregivers, and clinicians. In addition to this conference, a number of other occasions were hosted, including social gatherings and instructional programmes. Manufacturers have the opportunity to talk with SMA patients at these events and learn more about their unmet medical needs. The market's growth is accelerated by this factor.
The market is growing because of Spinraza's increasing popularity. Adult and paediatric patients are also treated with the prescription medication Spinraza. The intrathecal injection is used to give it by trained medical personnel. The cost of Spinraza has been fully reimbursed by a number of countries, including Norway, Italy, the Netherlands, Croatia, and Poland. Because of this, the market is growing.
Market Developments
Key players
Novartis Biogen Pfizer Sanofi Roche Sarepta Therapeutics Orchard Therapeutics plc uniQure Ionis Pharmaceuticals Alnylam Pharmaceuticals
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Type
By Treatment
By Route of Administration
Methodology for Database Creation
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