Analysis by Drug (Immunomodulators, Immunosuppressants, Interferons, and Others); by Medication Type (Oral and Injection); by Type (Clinically Isolated Syndrome, Relapse-Remitting MS, Primary Progressive MS, and Secondary Progressive MS); by Treatment (Medications, Stem Cell Therapy, Physical Therapy, and Plasma Exchange); and by End User (Hospitals, Specialty, Clinics, Homecare, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
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The global multiple sclerosis drug market is estimated to garner a revenue of ~USD 28,000 Million by the end of 2033 by growing at a CAGR of ~4% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 23,000 Million in the year 2022. The market growth is primarily driven by the rising number of new drug candidates for multiple sclerosis being developed and pre-clinical trials are ongoing. Worldwide, nearly 3 million people are living with multiple sclerosis. Therefore, an increase in the number of sclerosis patients is expected to result in a rise in the need for medications and medical care.
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The efficacy of the medicines and surging development in the treatment of multiple sclerosis are expected to boost market growth. In June 2021, Bristol Myer Squibb released the progressive result of the early Zepsosia treatment, nearly, 80% of patients with high thalamic volume benefitted from the drug. Furthermore, proactive government efforts for multiple sclerosis patients are expected to propel the growth of the global multiple sclerosis drug market. In India, the government proposed to add multiple sclerosis in the Ayushman Bharat Scheme, a Nation Health Protection Mission, this initiative is to reduce the cost of treatment in the country. Moreover, in China as well, the government added multiple sclerosis to the list of rare diseases to improve the treatment outcomes of the patient.
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~4% |
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Base Year Market Size (2022) |
~ USD 23,000 Million |
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Forecast Year Market Size (2033) |
~ USD 28,000 Million |
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Regional Scope |
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Growth Drivers
Higher Number of People Suffering from Multiple Sclerosis - MS (Multiple Sclerosis) occurs at any age, the initial range is most often between the ages of 20 and 40. However, individuals of various ages are affected. The prevalence of multiple sclerosis has increased worldwide. According to the National Library of Medicine, the prevalence of sclerosis is 35.9 per 100,000 people and 2.8million people are suffering from multiple sclerosis in 2020.
Government Support for the Sclerosis Patient - With the rising number of sclerosis patients, the government has come forward to aid the treatment of the patients. Under the Anuyatra project launched by the Kerala government, India, the government has sanctioned nearly USD 116 thousand for the treatment of sclerosis. Moreover, in 2021, the 4 nations of the United Kingdom launched a Rare Disease Action Plan to address all rare diseases including multiple sclerosis.
Growing Research and Development in the Treatment of Sclerosis – Owing to the exceptional research, the development in sclerosis diagnosis, drugs, and treatment is incessantly rising. For instance, Adamas Pharmaceuticals, Inc., has announced the beginning of phase 3 of the safety and efficiency of ADS-5102 in patients with multiple sclerosis and walking impairment.
Rapid Growth of the Healthcare Sector - Healthcare sector was always a booming sector and it has been further loaded after the onset of COVID-19. The exigency of good healthcare facilities has aided its growth. According to the World Economic Forum, in 2021, USD 44 billion of the fund was raised for health innovation.
Increasing Prevalence of Multiple Sclerosis Among Women - Women are more prone to multiple sclerosis. More women are diagnosed with sclerosis than men. The ratio of men and women with multiple sclerosis is 1:4.
Expensive Treatment and Drugs of Multiple Sclerosis - The cost of treatment and drugs is a big hindrance to the market growth. Despite of government’s proactive actions for the progress of multiple sclerosis treatment. The high price of medicines fails to suffice the needs of the market. Depending on the patient's age and gender, the cost of an MS (Multiple Sclerosis) disease-modifying therapy ranged from USD 57,202 to USD 92,719 per year.
Shortage of Skilled Professionals & Lack of Healthcare Infrastructure
Difficulty in Developing Drugs due to Unidentified Etiology of the Disease
The multiple sclerosis drug market is segmented and analyzed for demand and supply by medication type into oral and injection. The oral segment is expected to hold the largest market size by the end of 2033, owing to its better efficacy and favorable safety profile against other available treatments. Most oral MS therapies currently on the market have been granted marketing approvals by regulatory agencies. For instance, Cipla Inc. received approval from the United States Food and Drug Administration for Tecfidera (dimethyl fumarate DR capsules), an oral drug to treat the relapsing forms of multiple sclerosis.
The North America multiple sclerosis drug market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. A few variables that are anticipated to drive the expansion of the market in North America include an increase in the global burden of multiple sclerosis among the population and a higher probability of women getting multiple sclerosis. In the United States, every week, around 200 new cases are added to the list of multiple sclerosis patients. Moreover, in 2019, nearly 400,000 people were affected by it. In North America, there are around 140 cases per 100,000 population and out of them, about 70% of patients are women, further, in the past 30 years, the ratio of women to men has jumped from 2:1 to 3:1. Furthermore, the development in the healthcare sector in North America is to elevate the growth of the market in the region. At the end of 2019, the total expenditure on health facilities in the U.S. was worth nearly 18% of the U.S. gross domestic product (GDP), and it is expected to total USD 6 trillion annually by 2028.
Our in-depth analysis of the global multiple sclerosis drug market includes the following segments:
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By Drug |
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By Type |
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By Medication Type |
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By Treatment |
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By End User |
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Biogen
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Factors such as, higher prevalence of multiple sclerosis, advancement in research and development, higher instances of women having multiple sclerosis and government efforts for the treatment is to drive the market growth.
Ans: The market is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2023 – 2033.
Ans: High cost of treatment of multiple sclerosis, shortage of skilled professionals and challenges to develop the drugs for the treatment are few factors which are to hamper the market growth.
Ans: The major players in the market are Biogen, Pfizer Inc., F. Hoffmann-La Roche Ltd., Novartis AG, Sanofi, Teva Pharmaceutical Industries Ltd., Merck KGaA., Janssen Pharmaceuticals Companies of Johnson & Johnson, Bristol-Myers Squibb Company, Cipla Inc., and so on…
Ans: The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by drug, type, medication type, treatment, end user, and by region.
Ans: The oral segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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