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Spinal Muscular Atrophy Treatment Market 2015 -
2021 Top
Key Players, Growing Technology, Growth Factors,
Industry
Trends and Developments
Spinal muscular atrophy (SMA) refers to a group
of inherited diseases that affects the
functioning of muscles because of deterioration.
It typically results in weakness, and may even
lead to death. SMA affects motor neurons present
in the brain and spinal cord. These motor neurons
are responsible for the transfer of electric and
chemical signals to and from voluntary muscles in
the body, enabling various physical activities
such as walking, crawling, swallowing, and others.
SMA is caused due to genetic disorders (mutation
or deletion). SMA can be characterized into type
I, type II, type III, and type IV depending upon
differences in cause and symptoms observed. The
treatment of SMA involves gene replacement
surgery or therapy in addition, drugs may be
administered to increase levels of survival motor
neuron (SMN) protein. The SMA treatment market is
growing at a significant rate due to the
increasing prevalence of spinal muscular atrophy
and rising awareness about diagnostics and
treatment of SMA.
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In addition, government initiatives and
improving healthcare infrastructure are driving
the market for SMA treatment. However, factors
such as high costs involved in the treatment and
lack of skilled professionals for surgical
procedures and physiotherapy regimens restrain
the market from growing.
North America dominates the global market for
SMA treatment due to the high prevalence of SMA
and increased adoption of SMA treatment options
in the region. In addition, technological
advancements in the field are driving the SMA
treatment in the North America. Asia, followed by
Europe, is expected to experience a high growth
rate in the SMA treatment market in the next few
years.
China and India are expected to be the
fastest-growing SMA treatment markets in the
Asian region. Some of the key driving forces for
the SMA treatment market in emerging countries
are A large pool of patients and rising
government initiatives in the form of funding and
strict laws. In addition, increasing awareness
about the diagnosis and treatment of SMA is
driving the market in the Asia region.
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One of the major factors driving the global SMA
treatment market is an increase in the prevalence
of SMA. In addition, factors such as rising
awareness, technological advancements, government
initiatives, and improvement in the reimbursement
scenario are driving the global SMA treatment
market.
However, the market will face impediments in the
form of the high costs of treatment and lack of
experienced professionals. In addition, a low
adoption rate of SMA treatment options is
restraining the market.
Growing population and economies in developing
countries such as India and China are expected to
offer sizeable opportunities for the global SMA
treatment market. Innovation of more efficient
products is expected to offer opportunities for
the global SMA treatment market.
A rising number of mergers and acquisitions, new
product launches, and upsurge in collaborations
and partnerships are some of the latest trends
that have been observed in the global SMA
treatment market.
Key segments covered in this report are
By type of SMA
?
Type I
?
Type II
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Type III
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Type IV
By treatment
?
Gene replacement surgery or therapy Drugs
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Market Players
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Pfizer, Inc.
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Isis Pharmaceuticals, Inc.
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Biogen Idec.
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Boehringer Ingelheim GmbH
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F. Hoffmann-La Roche AG
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Regeneron Pharmaceuticals, Inc.
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