Global Amyotrophic Lateral Sclerosis Treatment Market Set for Rapid Growth, to reach Value USD 1470.65 Million By 2032

03-Jul-2024 | Zion Market Research

Zion Market Research has published a new report titled “Amyotrophic Lateral Sclerosis Treatment Market By Treatment (Stem Cell Therapy, Medication, and Others), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032” According to the report, the global amyotrophic lateral sclerosis treatment market size was valued at approximately USD 832.97 million in 2023 and is predicted to reach around USD 1470.65 million by the end of 2032, expanding at a CAGR of around 6.52% from 2024 to 2032.

Browse the full “Amyotrophic Lateral Sclerosis Treatment Market By Treatment (Stem Cell Therapy, Medication, and Others), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032” Report at https://www.zionmarketresearch.com/report/amyotrophic-lateral-sclerosis-treatment-market

Amyotrophic Lateral Sclerosis (ALS) is a disorder that results in the demise of neurons that regulate the volunteer muscles. ALS involves muscle twitching, stiffness in muscles and steadily deteriorating paleness due to muscles diminishing in size. The precise cause of ALS is still unknown. However, factors like environment and genetics are regarded as most common.

Factors such as the growing geriatric population internationally, rising consciousness regarding ALS, rising prevalence of ALS, and introduction of new treatment choices will act as major driving factors in the growth of the global amyotrophic lateral sclerosis treatment market. Scientific advancements and growing awareness in emerging regions will present an opportunity for the market players in the amyotrophic lateral sclerosis treatment market. Nonetheless, the elevated cost of ALS management and the lack of knowledgeable medical professionals will restrict the growth of the global amyotrophic lateral sclerosis treatment market.

The global amyotrophic lateral sclerosis treatment market has been split into treatment, distribution channel. Based on treatment, amyotrophic lateral sclerosis treatment market has been segmented into stem cell therapy, medication, and others. The medication segment accounted for the highest market share in 2023 owing to recent FDA approvals.

The distribution channel segment has been divided into retail pharmacies, hospital pharmacies, and others. The retail pharmacies segment is expected to exhibit highest CAGR during the forecast period.

Regionally, the thoracic drainage devices market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa North America will be the foremost region through the forecast time. The U.S. will be the leading country in the North American region owing to high awareness, the presence of the latest healthcare setup, and recent FDA approvals for ALS medications. Europe will be the next key market. The crucial reasons are increasing geriatric population and favorable reimbursement scenario. Asia Pacific will develop at the highest growth rate owing to increasing awareness about ALS and growing geriatric population in Japan and China. Latin America region will proliferate at a remarkable rate through the projected time. The Middle East & Africa region will display positive development in the projected time frame.

The report also includes detailed profiles of key players such as Otsuka Pharmaceutical Co., Ltd., Mitsubishi Tanabe Pharma Corporation, BrainStorm Therapeutics, AB Science, Biogen Inc., F.Hoffmann-La Roche AG, Corestem, Biohaven Pharmaceutical, AB Science, Ionis Pharmaceuticals, Inc., and Sun Pharmaceutical among others.

This report segments the Global Amyotrophic Lateral Sclerosis Treatment Market as follows:

Global Amyotrophic Lateral Sclerosis Treatment Market: By Treatment

  • Stem Cell Therapy
  • Medication
  • Others

Global Amyotrophic Lateral Sclerosis Treatment Market: By Distribution Channel

  • Retail Pharmacies
  • Hospital Pharmacies
  • Others

Global Amyotrophic Lateral Sclerosis Treatment Market: By Region

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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