Market Size –
The episodic ataxia treatment market size has grown strongly in recent years. It will grow from $10.41 billion in 2023 to $11.07 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to an increasing understanding of genetic causes, increasing funding for rare disease research, increasing availability of specialized clinics, rising awareness of personalized medicine, and growth in clinical trial participation.
The episodic ataxia treatment market size is expected to see strong growth in the next few years. It will grow to $14.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing genetic testing accessibility, rising demand for genetic counseling services, growing number of clinical trials, increasing number of patient registries, and increasing investment in rare disease biobanks. Major trends in the forecast period include technological advancements, personalized medicine, telemedicine, stem cell therapy, and telerehabilitation services.
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Scope Of Episodic Ataxia Treatment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Episodic Ataxia Treatment Market Overview
Market Drivers –
The increasing prevalence of neurological disorders is expected to propel the growth of the episodic ataxia treatment market going forward. Neurological disorders are diseases that affect the central and peripheral nervous systems, including the brain, spinal cord, cranial and peripheral nerves, autonomic nervous system, nerve roots, neuromuscular junction, and muscles. The increasing prevalence of neurological disorders can be attributed to several factors, including the aging population, genetic factors, and infectious diseases. Episodic ataxia treatment is used in neurological disorders to address the symptoms and improve the management of conditions involving intermittent loss of coordination and balance. For instance, in April 2022, according to the European Brain Council, a Belgium-based non-profit organization, Dementia (a progressive neurological disorder) affected 10.5 million people in Europe in 2022 and is expected to grow to 18.7 million by 2050. Therefore, the increasing prevalence of neurological disorders is driving the episodic ataxia treatment market.
Market Trends –
Major companies operating in the episodic ataxia treatment market are focused on developing innovative solutions, such as Friedreich’s ataxia (FA) treatment to enhance patient outcomes and address the unmet needs associated with this rare neurological condition. Episodic ataxia (EA) is a rare neurological disorder characterized by intermittent episodes of ataxia and a lack of voluntary coordination of muscle movements. These episodes can be brief or prolonged and vary in frequency and severity. For instance, in February 2024, Biogen Inc., a US-based biotechnology company, announced the approval of SKYCLARYS (omaveloxolone) for treating Friedreich’s ataxia (FA). Omaveloxolone addresses the underlying mitochondrial dysfunction associated with FA, potentially altering the disease’s progression rather than merely alleviating symptoms. The therapy acts as a potent transcriptional modulator, which helps restore mitochondrial function and cellular energy production.
The episodic ataxia treatment market covered in this report is segmented –
1) By Type: Ataxia telangiectasia, Episodic ataxia, Spinocerebullar ataxia, Friedreich’s ataxia, Other Types
2) By Treatment: Medications, Levodopa, Pramipexole, Venlafaxine, Other Treatments
3) By Route of Administration: Oral, Parenteral, Other Routes of Administration
4) By Distribution Channel: Direct Tender, Retail Sales, Other Distribution Channels
5) By End User: Hospital, Clinics, Home Healthcare, Other End Users
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Regional Insights –
North America was the largest region in the episodic ataxia treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the episodic ataxia treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the episodic ataxia treatment market are Pfizer Inc., AbbVie Inc., Sanofi, Bristol-Myers Squibb Company, Novartis AG, Takeda Pharmaceutical Company Limited, Merck KGaA, Banner Health, Astellas Pharma Inc., Daiichi Sankyo Company Limited, UCB S.A., Ipsen, BioMarin Pharmaceutical Inc., Neurocrine Biosciences Inc., PTC Therapeutics Inc., Kissei Pharmaceutical Co. Ltd., Catalyst Pharmaceuticals Inc., Design Therapeutics Inc., Larimar Therapeutics Inc., Voyager Therapeutics Inc., Capsida Biotherapeutics Inc., Adverum Biotechnologies Inc., CRISPR Therapeutics AG
Table of Contents
1. Executive Summary
2. Episodic Ataxia Treatment Market Report Structure
3. Episodic Ataxia Treatment Market Trends And Strategies
4. Episodic Ataxia Treatment Market – Macro Economic Scenario
5. Episodic Ataxia Treatment Market Size And Growth
…..
27. Episodic Ataxia Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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