Spinal Muscular Atrophy Treatment Market Archives

One of the main factors propelling the global market for spinal muscular atrophy treatments is the increasing prevalence of spinal muscular atrophy (SMA), as well as rising awareness of the condition's diagnosis and treatment. Other factors include the increasing number of initiatives aimed at improving treatment options for rare diseases and the rising R&D activities to develop novel therapies & treatments for SMA. But the expansion of the business is probably going to be hampered by the high expense of treating spinal muscular atrophy (SMA). Spinal Muscular Atrophy refers to a group of hereditary diseases that damages and kills specialized nerve cells in the brain and spinal cord (called motor neurons). Motor neurons control movement in the arms, legs, face, chest, throat, and tongue, as well as skeletal muscle activity including speaking, walking, swallowing, and breathing. There are four types of SMA: Type 1 is the most common and severe form of SMA. It’s sometimes called Werdnig-Hoffmann disease or infantile-onset SMA and is usually evident before 6 months of age. Type 2 is an intermediate form of SMA. Usually first noticed between 6 and 18 months of age. Children can sit without support but are unable to stand or walk unaided. Type 3 is a milder form of SMA. It’s also known as Kugelberg-Welander disease and resembles muscular dystrophy that can be seen after the age of 18 months. Children can walk independently but may have difficulty walking or running, rising from a chair, or climbing stairs. Type 4 is very rare. It usually starts in young adulthood and causes mild motor impairment. Get Free Sample Report : https://meditechinsights.com/spinal-muscular-atrophy-sma-treatment-market/request-sample/ Increasing R&D Activities for the Treatment of Spinal Muscular Atrophy Drives the Spinal Muscular Atrophy Treatment Market Currently, there is no known cure for Spinal Muscular Atrophy (SMA). However, multiple treatments are available to help slow the progression of the disease, relieve symptoms, and manage potential complications. In addition to these approved treatments, several other treatments are being tested in clinical trials. For instance, In January 2022, Cytokinetics announced that their collaboration with Astellas to advance the development of CK-2127107/ reldesemtiv ended in late 2021. In August 2021, Novartis announced the lift of a partial clinical trial hold and planned to initiate a new, pivotal Phase 3 study of intrathecal OAV-101 in older patients with spinal muscular atrophy. In January 2021, Biogen Inc. announced that they have treated their first patient in the global clinical study, RESPOND. The Phase 4 study examines the clinical benefit and assesses the safety of SPINRAZA® (Nusinersen) in infants and children with spinal muscular atrophy (SMA) who still have unmet clinical needs following treatment with gene therapy. Growing Adoption of Spinal Muscular Atrophy Treatment in Babies Fuels the SMA Treatment Market Demand Spinal muscular atrophy affects approximately 1 in 11,000 babies born worldwide each year and is the most common genetic cause of death in infants. There are several types of SMA that affect children. They vary in the age when symptoms first appear, the seriousness of symptoms, and how symptoms get worse. Early detection and treatment of SMA are important as studies suggest that therapy is most effective when started in the first few months of life., For children, treatment includes targeted therapy, respiratory therapy, nutritional therapy, muscle & joint therapy, and medications depending on the symptoms. Several innovative drugs have recently been developed that improve or ameliorate symptoms in many children. North America Holds the Largest Market Share in Spinal Muscular Atrophy Treatment Market North America holds the largest market share of the spinal muscular atrophy treatment market followed by Europe and the Asia Pacific. The surge in the demand for drugs for the treatment including Nusinersen, Onasemnogene & Abeparvovec, growing healthcare expenditure, favorable reimbursement policies for the treatment of rare diseases, growing awareness regarding SMA, and a rise in the number of R&D activities for the treatment of SMA in this region are some of the key factor driving the growth of the global spinal muscular atrophy treatment market. Competitive Landscape Analysis: Spinal Muscular Atrophy Treatment Market The spinal muscular atrophy treatment market is marked by the presence of established market players such as Astellas Pharma Inc., AstraZeneca PLC, Biogen Inc., Boehringer Ingelheim GmbH, Catalyst Pharmaceuticals, Chugai Pharmaceutical, Cytokinetics Inc., F. Hoffmann-La Roche AG, Cure SMA, PTC Therapeutics Inc., Novartis AG, Ionis Pharmaceuticals, NMD Pharma A/S, Genentech Inc, Avexis Inc., Pfizer Inc., Regeneron Pharmaceuticals, Abbott, Novo Nordisk A/S, Takeda Pharmaceutical Company Limited, and Salarius Pharmaceuticals Inc., among others. Companies Adopt both Organic & Inorganic Growth Strategies to Increase their Market Share in SMA Treatment Market Leading players operating in this market are adopting both organic and inorganic growth strategies such as collaborations, acquisitions, and expansions to garner a higher market share. For instance, In May 2022, PTC Therapeutics Inc. announced that they have received U.S. Food and Drug Administration (FDA) approval for a label extension for Evrysdi® (risdiplam) to include infants under 2 months old with spinal muscular atrophy (SMA). In August 2021, Cytokinetics and Cure SMA announced the renewal of their partnership to increase education, awareness, public policy, and fundraising for spinal muscular atrophy (SMA). In May 2021, Biogen and Ginkgo Bioworks announced the collaboration & license agreement to develop novel gene therapy manufacturing platform to treat certain neurological and neuromuscular diseases as well as other conditions across multiple therapeutic areas. Spinal muscular atrophy treatment market is expanding and is expected to gain traction in the coming years as a result of an increasing number of companies with pipeline candidates in advanced stages of clinical trials, emerging treatment therapies for SMA, an increase in the number of research and development activities aimed at improving SMA therapies, and aggressive organic and inorganic growth strategies adopted by market players.

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Global Spinal Muscular Atrophy Treatment Market is estimated to develop at a 13% CAGR by 2026.

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