Global Amyotrophic Lateral Sclerosis (ALS) Treatment Market Size By Treatment (Medication, Steam Cell Therapies), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies), By Geographic Scope And Forecast
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Amyotrophic Lateral Sclerosis (ALS) Treatment Market Size By Treatment (Medication, Steam Cell Therapies), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies), By Geographic Scope And Forecast
Amyotrophic Lateral Sclerosis (ALS) Treatment Market Size And Forecast
Amyotrophic Lateral Sclerosis (ALS) Treatment Market size was valued at USD 1010.7 Million in 2023 and is projected to reach USD 649.16 Million by 2031, growing at a CAGR of 5.69% from 2024 to 2031.
- Lou Gehrig’s disease is another name for Amyotrophic lateral sclerosis (ALS). It is a progressive neurological illness in which nerve cells that control voluntary muscles in the nervous system are destroyed. Muscle twitching, stiffness, and weakness caused by a shrinking of muscles in the arms and hands are all common signs of this disease.
- The most prevalent type of motor neuron disease is ALS, which causes the body’s cells to deteriorate and die, leaving the brain unable to govern voluntary movements in nearly half of ALS cases, patients reduce their capacity to swallow, inhale, talk, move, and use their hands.
- According to the National Institute of Neurological Disorders and Stroke, patients with ALS often die from respiratory failure within 3-5 years of progressive paralysis (NINDS).
- It also adds that the sporadic kind of ALS is the most common, accounting for 90-95 percent of all cases in the United States, whereas the familial kind accounts for the remainder. Familial ALS (FALS) is a hereditary disease in which each progeny has a 50% risk of inheriting the genetic mutation and acquiring the disease.
- The C9ORF72 gene deficiency is most typically detected in 25-40% of persons with familial ALS. Frontotemporal dementia (FTD) is caused by a mutation in this gene, and it can develop in conjunction with ALS as a comorbidity known as ALS-FTD.
- Treatments for amyotrophic lateral sclerosis cannot repair the disease’s damage, although they can reduce the course of symptoms. Medications and Cell stem therapy are two types of treatment that are categorized in the market.
Global Amyotrophic Lateral Sclerosis (ALS) Treatment Market Dynamics
The key market dynamics that are shaping the global Amyotrophic Lateral Sclerosis (ALS) Treatment Market include
Key Market Drivers
- Escalating ALS Prevalence The global incidence of ALS is increasing, owing to improved diagnostic capabilities and an aging population. This growing patient population opens up a broader market for prospective treatment solutions.
- Unmet Clinical Demands ALS currently lacks a cure, with present treatments focusing exclusively on symptom management. This gap in medical efficacy motivates significant research and development efforts for novel and effective treatments.
- Increased Funding Support Governments and research institutions are increasingly allocating funds to ALS research programs. Increased funding speeds up the process of drug research pipelines and clinical trials for future therapies.
- Progressive Research Frontiers Scientific advancements in understanding the molecular complexities of ALS pave the path for the identification of new pharmacological targets and therapy strategies. Such advances are critical in influencing the future of ALS treatment innovation.
- Gene Therapy Advancements Gene therapy appears to be a promising frontier in the fight against ALS, with the possibility to address the disease’s core cause. This avenue attracts significant investment and research attention because of its potential to transform ALS treatment paradigms.
- Synergistic Treatment Approaches Researchers are investigating synergistic combinations of therapy approaches to address the varied nature of ALS disease. This comprehensive approach shows potential for improving therapeutic efficacy and patient outcomes.
- Empowered Patient Advocacy ALS patient advocacy groups have a significant impact in raising awareness, organizing resources, and pressing for faster treatment development. Their proactive participation propels progress toward viable treatment solutions.
- Telemedicine Adoption Surge The broad adoption of telemedicine allows for remote monitoring and management of ALS patients, potentially improving healthcare accessibility and cost-effectiveness. This developing trend is expected to drive market expansion for ALS treatment solutions.
Key Challenges
- Limited Treatment Efficacy Current ALS drugs provide only symptomatic alleviation and minimal disease progression mitigation, posing a barrier to significant market expansion due to the lack of curative or highly effective choices.
- High Drug Development Costs The lengthy and expensive development process for new ALS medications, combined with stringent clinical trial requirements and regulatory restrictions, places considerable financial burdens on pharmaceutical companies, restricting market expansion.
- Blood-Brain Barrier The blood-brain barrier is a severe obstacle to delivering prospective ALS treatments to damaged neuronal areas, limiting drug passage and decreasing therapeutic efficacy.
- ALS heterogeneity ALS patients exhibit with a variety of clinical symptoms, making it difficult to design universally applicable treatment regimens. Because of the heterogeneity in disease presentation, clinical trial design and treatment methods must be tailored to everyone.
- Limited Biomarkers for Diagnosis and Drug DevelopmentA lack of reliable biomarkers impedes early ALS diagnosis and hinders treatment efficacy assessment, stifling drug development efforts and lengthening approval timeframes.
- Difficulties with Recruiting and Retaining Patients for Clinical Trials The degenerative nature of ALS, combined with the disease’s impact on patients, makes it difficult to attract and retain participants for clinical trials, delaying research progress and therapeutic innovation.
- Stringent regulatory standards and extended licensing processes cause delays in the availability of novel ALS medicines, increasing the time-to-market and limiting patient access to innovative therapies.
- Reimbursement Challenges The expensive costs of ALS drugs make reimbursement by insurance carriers difficult, potentially limiting patient access to life-saving treatments and hampering market growth.
Key Trends
- Precision Medicine ParadigmResearchers are transitioning toward individualized treatment techniques based on individual patients’ genetic and molecular profiles, allowing for the development of more targeted and effective medicines.
- Emergence of RNA therapies RNA-based therapies, such as antisense oligonucleotides, are gaining popularity as an approach for modulating gene expression and potentially slowing ALS progression
- Focus on Stem Cell Therapy Stem cell therapy is gaining popularity as a prospective treatment for ALS, with ongoing clinical trials investigating its ability to stimulate nerve cell regeneration and repair.
- Artificial intelligence (AI) is being used to analyze large datasets to uncover novel drug targets and therapy options for ALS, thereby speeding up the drug discovery process and enabling the development of breakthrough medicines.
- Telehealth Adoption and Remote MonitoringThe use of telehealth technologies allows for remote monitoring of ALS patients and remote care consultations, increasing access to healthcare services and perhaps improving patient outcomes while lowering healthcare expenditures.
- Patient-Reported Outcomes (PROs) There is a rising emphasis on include patient-reported outcomes, such as quality of life and functional abilities, in ALS clinical trials to ensure that novel treatments meet patient needs and improve overall well-being.
- Collaborative Public-Private Partnerships Collaboration among pharmaceutical companies, research institutions, and patient advocacy groups is critical for accelerating the development and commercialization of new ALS treatments, fostering synergy, and leveraging shared expertise and resources.
- Early identification of ALS is becoming increasingly crucial since it allows for timely intervention and can decrease disease progression. The development of improved diagnostic techniques, as well as attempts to enhance public knowledge about early signs, are driving field trends.
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Global Amyotrophic Lateral Sclerosis (ALS) Treatment Market Regional Analysis
Here is a more detailed regional analysis of the global Amyotrophic Lateral Sclerosis (ALS) Treatment Market
North America
- North America is significantly dominating the Amyotrophic Lateral Sclerosis (ALS) Treatment Market and is expected to continue its growth throughout the forecast period, owing to several variables.
- North America has advanced healthcare systems and facilities, including top-tier hospitals, research institutions, and pharmaceutical businesses that specialize in neurological disorders such as ALS.
- The region receives significant financing for ALS research and treatment development, with multiple academic institutions, biotechnology corporations, and government agencies actively supporting research programs.
- North America has a sizable ALS patient population, which drives demand for therapies and creates a thriving market for pharmaceutical companies and healthcare services.
- Government funding in the form of research grants, regulatory incentives, and public awareness campaigns hastens ALS research and treatment progress.
- North America is home to leading pharmaceutical companies with substantial experience in neurology and orphan drug development, which contribute to the region’s supremacy in the ALS therapy industry.
- The region has access to cutting-edge technologies and resources for drug discovery, biomarker identification, and clinical trial management, allowing for quick advances in ALS therapies.
- North America has one of the world’s largest healthcare expenditures, allowing for more investment in ALS therapy research, development and patient care.
- ALS advocacy groups and foundations in North America play critical roles in increasing awareness, funding research, and influencing healthcare policies, cementing the region’s supremacy in the ALS treatment industry.
Asia Pacific
- Asia Pacific is anticipated to be the fastest-growing region in the Amyotrophic Lateral Sclerosis (ALS) Treatment Market.
- The Asia-Pacific area is experiencing rapid urbanization, which is accompanied by an increase in lifestyle-related diseases, including neurological disorders such as ALS, boosting the need for effective therapies.
- Rising disposable incomes and increased healthcare spending in countries such as China, India, and Japan help to expand the Asia Pacific ALS treatment market.
- Increased awareness campaigns, patient advocacy activities, and healthcare education programs all help to promote awareness about ALS symptoms, diagnosis, and treatment choices, resulting in earlier diagnosis and treatment.
- Governments and private sector entities in the Asia Pacific area are investing in increasing healthcare infrastructure, such as hospitals, clinics, and research facilities, to meet the population’s growing healthcare demands.
- The Asia Pacific area has a sizable population base, creating a significant market for ALS treatment providers. The increasing frequency of ALS in the region creates additional market potential prospects.
- Emerging markets in the Asia Pacific area offer profitable prospects for pharmaceutical companies to introduce ALS medicines, supported by supportive regulatory frameworks, increased healthcare access, and expanding demand for new therapy.
- Some Asia Pacific countries are developing policies and incentives to combat rare diseases such as ALS, including money, regulatory support, and infrastructure to speed up therapy development and access.
Global Amyotrophic Lateral Sclerosis (ALS) Treatment MarketSegmentation Analysis
The Global Needle-Free Injection System Market is segmented based on Treatment, Distribution Channel, And Geography.
Amyotrophic Lateral Sclerosis (ALS) Treatment Market, By Treatment
- Medication
- Stem Cell Therapies
Based on Treatment, the market is segmented into Medication, Steam Cell Therapies. The Medication segment is estimated to dominate this market during the forecasted period, it includes two drugs for the treatment approved by the FDA Rlutek (riluzole) and Radicava (edaravone). Steam Cell Therapies are also expected to show significant growth due to the rising demand for new approaches and advanced forms of treatments.
Amyotrophic Lateral Sclerosis (ALS) Treatment Market, By Distribution Channel
- Retail Pharmacies
- Hospital Pharmacies
Based on the Distribution Channel, the market is segmented into Hospital Pharmacies, Retail Pharmacies, and Others. Hospital Pharmacies held the largest share of this market due to the requirement of several hospital stays and visits during ALS treatment. Other distribution channels include online pharmacies, diagnostic laboratories, and clinics among these online pharmacies dominate the market due to the increasing popularity of e-commerce channels which offer a wide range of options.
Key Players
The “Global Amyotrophic Lateral Sclerosis (ALS) Treatment Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Mitsubishi Tanabe Pharma Corporation, Brainstorm Therapeutics, Biogen Inc., Otsuka Pharmaceutical Co Ltd, Corestem, AB Science, Sun Pharmaceutical, Lonis Pharmaceuticals Inc. and Biohaven Pharmaceutical.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In May 2024, Mitsubishi Tanabe Pharma America, Inc. (MTPA) announced two presentations on investigational ND0612 in Parkinson’s disease (PD) will be shared at the International Association of Parkinsonism and Related Disorders (IAPRD) XXIX World Congress on Parkinson’s Disease and Related Disorders, being held in Lisbon, Portugal.
- In April 2024, Brainstorm Therapeutics announced that it received written agreement from the U.S. Food and Drug Administration (FDA), under a Special Protocol Assessment (SPA), on the design for a Phase 3b trial of NurOwn® in amyotrophic lateral sclerosis (ALS).
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Mitsubishi Tanabe Pharma Corporation, Brainstorm Therapeutics, Biogen Inc., Otsuka Pharmaceutical Co Ltd, Corestem, AB Science, Sun Pharmaceutical |
SEGMENTS COVERED |
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CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the