Moyamoya Disease Market size is expected to cross USD 2.8 Billion by the end of 2036, growing at a CAGR of 5.5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of moyamoya disease was over USD 1.4 Billion. The rising incidence of moyamoya disease in females, particularly in those under 20, is responsible for the market's expansion. With a female-to-male ratio of 1.8, the prevalence for men and women was 11.5 and 20.6 correspondingly across the globe.
In addition, it is mentioned that the main driver of the moyamoya disease market is rising public awareness. People are becoming more knowledgeable about the various kinds of neurological illnesses these days. Through conferences and seminars, the government and other organizations have been educating the public about diseases and hygiene. People are growing more attentive of their health and more aware. Consequently, rising awareness has propelled the market's expansion. Both fresh and seasoned marketers are helping to manage this situation. For example, the FDA approved Silk Road Medical, Inc.'s next-generation ENROUTE Trans carotid Neuroprotection System (NPS) on April 13, 2016. The NPS is intended and specifically built for the revascularization of the carotid arteries.
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 5.5% |
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Base Year Market Size (2023) |
~ USD 1.4 Billion |
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Forecast Year Market Size (2036) |
~ USD 2.8 Billion |
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Regional Scope |
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Growth Drivers
Challenges
Drug Type (Blood Thinners, Calcium Channel Blocker, Anti-Seizure Medications)
The calcium channel blocker segment in the moyamoya disease market is anticipated to hold a notable share of about 53% in the moyamoya disease drug market over the forecast period on account of the increasing usage of calcium channel blockers to control and lessen stroke symptoms. Every 40 seconds, a stroke occurs, and every 4 minutes, a stroke-related death occurs. Stroke causes more than 140,000 fatalities annually. According to statistics, women account for 60% of stroke deaths while men account for 40%. In addition, in one patient, the incidence of headaches, seizures, and transient ischemia events decreased, while there were no more incidents in the other patient.
End-User (Hospitals, Pharmacies)
The hospitals segment is attributed to hold the largest share of 72% because of the large number of patients, this raises the need for medications in hospitals. In the US, one in a million persons suffer from Moyamoya disease. Children are the disease's primary victims. While adults can also be diagnosed, children are often diagnosed at the age of 7.
Our in-depth analysis of the global market includes the following segments:
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Drug Type |
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Diagnosis |
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Treatment |
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End-User |
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North American Market Forecast
The moyamoya disease market in the North America region is predicted to hold the largest share of about 33% during the forecast period. Major pharmaceutical businesses operating in the area and significant investments being made in the development of novel and cutting-edge pharmaceuticals are the main drivers of the market's growth in this region. Moreover, there has been an increase in the number of people facing problems due to obesity in the region. The United States also has one of the largest percentages of obese people worldwide. Data gathered between 2017 and 2020 indicates that 41.9% of adult Americans are obese. From 2017 to March 2020, the US had a 41.9% obesity prevalence rate.
APAC Market Statistics
The moyamoya disease market in the Asia Pacific region is projected to hold the second-largest share of about 27% during the projected period. The growth of the market in this region is owing to the increasing prevalence of moyamoya disease in the region, backed by the busy and hectic lifestyle of people. Furthermore, improving healthcare facilities is also estimated to boost market growth.
Author Credits: Radhika Gupta, Shivam Bhutani
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