South and Central America Multiple Sclerosis Therapeutics Market

Market Introduction

Multiple sclerosis (MS) is an autoimmune disease affecting the central nervous system. Multiple sclerosis is a widespread disabling neurological condition, mostly diagnosed in people in the age group 20–50 years.  It is a potentially debilitating disease, causing disruption in communication and coordination functions of the body.

Market Overview and Dynamics

The South and Central America multiple sclerosis therapeutics market is expected to reach US$ 1,514.03 million by 2027 from US$ 1,009.82 million in 2019; it is estimated to grow at a CAGR of 6.5% from 2020 to 2027. The growth of the market is attributed to a few key driving factors such as the increasing prevalence of multiple sclerosis among population and rising funding for multiple sclerosis research. However, the high cost of the multiple sclerosis treatment hinders the market growth.

As per the studies published by Brazilian Congress of Neurology in Brazil, in 2020, the average prevalence of the multiple sclerosis disease is 8.69/100,000 inhabitants. Therefore, the growing prevalence of multiple sclerosis drives the growth of the South and Central America multiple sclerosis therapeutics market. Due to rise in funding across Latin America, extensive research is being carried on developing novel medicines and treatments for multiple sclerosis and other ways of identifying potential causes for multiple sclerosis. Various organizations such as National Institute of Neurological Disorders and Stroke, National MS Society, and Parkinson’s Action Network are undertaking extensive efforts to create novel therapies for MS, which is driving the growth of the market.

South and Central America is recording the growing number of COVID-19 cases. Currently, the countries in this region are rapidly increasing its clinical programs to fight against the COVID-19 outbreak. However, research on the effects of novel coronavirus on multiple sclerosis may negatively influence the growth of the South and Central America multiple sclerosis therapeutics market. For instance, a research study titled, ‘Estimating the risk of COVID-19 in multiple sclerosis patients in Buenos Aires, Argentina’ was conducted at Centro de Esclerosis Múltiple Buenos Aires, Argentina. As the number of COVID-19 patients is increasing exponentially across the region, there is growing need for data showing the impact of the novel coronavirus on MS.

Key Market Segments

The South and Central America multiple sclerosis therapeutics market, by drug class, is bifurcated into immunosuppressant and immunomodulators. The immunomodulators segment held a larger share of the market in 2019, whereas the immunosuppressants segment is anticipated to register a higher CAGR in the market during the forecast period.

The South and Central America multiple sclerosis therapeutics market, by route of administration, is bifurcated into injectable and oral. The injectable segment held a larger share of the market in 2019, and the same segment is anticipated to register a higher CAGR in the market during the forecast period.

Based on distribution channel, the South and Central America multiple sclerosis therapeutics market is segmented into hospital pharmacies, retail pharmacies, and e-commerce. The hospital pharmacies segment held the largest share of the market in 2019, whereas the e-commerce segment is estimated to register the highest CAGR in the market during the forecast period.

Major Sources and Companies Listed

Some of the primary and secondary sources associated with this report on the South and Central America multiple sclerosis therapeutics market are the Brazilian Congress of Neurology, Centers for Disease Control and Prevention (CDC), National MS Society and Multiple Sclerosis Association of America (MSAA).

Reasons to buy the report

• Determine prospective investment areas based on a detailed trend analysis of South and Central America multiple sclerosis therapeutics market over the next years.
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• Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
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• Channelize resources by focusing on the ongoing programs undertaken by the different countries within the South and Central America multiple sclerosis therapeutics market.

SOUTH AND CENTRAL AMERICA MULTIPLE SCLEROSIS THERAPEUTICS MARKET SEGMENTATION

By Drug Class

• Immunosuppressant
• Immunomodulators

By Route of Administration

• Injectable
• Oral

By Distribution Channel

• Hospital Pharmacies
• Retail Pharmacies
• E-Commerce

By Country

• Brazil
• Argentina
• Rest of South and Central America

Company Profiles

• Merck & Co., Inc.
• Novartis AG
• Bayer AG
• Sanofi
• Bristol-Myers Squibb Company
• TEVA PHARMACEUTICAL INDUSTRIES LTD
• F. HOFFMANN-LA ROCHE LTD
• Biogen

South and Central America Multiple Sclerosis Therapeutics Market Strategic Insights

South and Central America Multiple Sclerosis Therapeutics Market Segmentation Analysis

South and Central America Multiple Sclerosis Therapeutics Market Report Highlights

South and Central America Multiple Sclerosis Therapeutics Report Scope

South and Central America Multiple Sclerosis Therapeutics Market Country and Regional Insights