Future of Executive Summary Spinal Muscular Atrophy (SMA) Treatment Market: Key Dynamics, Size & Share 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. It is projected that the progress in the Global Spinal Muscular Atrophy (SMA) Treatment Market will be propelled mainly by innovations in gene therapy in addition to the higher focus on research and development of rare genetic disorders. The growing awareness of SMA due to early identification is escalating the demand for SMA treatment.
Top Market Challenges Impacting the Spinal Muscular Atrophy (SMA) Treatment Market Growth
High Cost Associated with Advanced Therapies – The treatment and medication for Spinal Muscular Atrophy are very expensive. For instance, Zolgensma which is a gene therapy medication for Spinal Muscular Atrophy cost about USD 2.1 million during its single use. Another SMA medication called Spinraza which is administered four times a year throughout life costs around USD 350,000 for a single dosage. Companies attribute such high costs of the medications to huge investments in research and development to develop them and also they are the critical lifesaving drugs. The low affordability and health insurance companies shy away from providing coverage at such a huge price. Additionally, these expensive drugs do not guarantee to meet all the expectations of SMA patients. Thus, all these factors are hindering the growth & expansion of the SMA industry globally.
Understanding the Core Segments in the Spinal Muscular Atrophy (SMA) Treatment Market
Spinal Muscular Atrophy (SMA) Treatment Market Size, Share & Industry Trends Analysis- By Type (Type I, Type II, Type III, Type IV), By Treatment (Gene Therapy, Disease-Modifying Drugs), By Drug Type (Nusinersen, Onasemnogene Abeparvovec, Others), By Route of Administration (Oral, Injectable), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By End User (Hospitals, Homecare, Specialty Clinics, Others), and Others.
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Geographical Analysis of the Spinal Muscular Atrophy (SMA) Treatment Market
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
North America is dominating the Global Spinal Muscular Atrophy Market accounting for more than 40% market share in 2024.
Who Dominates the Spinal Muscular Atrophy (SMA) Treatment Market Insights on Key Industry Players?
Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- Biogen
- Novartis AG
- F. 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.
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