Market Insights

The spinal muscular atrophy medicine market is projected to grow from USD 980.6 million in 2020 to USD 2,085.4 million by 2026 at a CAGR of 13.4% during the forecast period.

What is Spinal Muscular Atrophy (SMA)?

Spinal Muscular Atrophy (SMA) is a very rare genetic disorder that affects the part of the central nervous system that controls voluntary muscle movements. SMA is an autosomal recessive neurodegenerative genetic disorder that is characterized by atrophy and the weakening of muscles. It is one of the most common debilitating genetic disorders and a primary genetic cause of death among infants. It mainly affects approximately one in 10,000 live births across the globe.

Market Dynamics

Rising incidence and awareness of spinal muscular atrophy has surged significantly which is likely to spur the need for efficient therapeutic options, resulting in better patient outcomes.

  • Growing awareness regarding SMA worldwide and a rising number of initiatives to enhance the treatment options for such rare diseases are some of the prime factors bolstering SMA medicine demand.
  • Also, favorable initiatives undertaken by the government, public, and non-profit organizations for spreading awareness regarding SMA are further augmenting the market growth.
  • However, the high cost associated with SMA treatment and medicines is likely to hinder the industry's growth.

Report Features -

This market report includes the following features –

-        Market structure: Overview, industry life cycle analysis, supply chain analysis.

-        Market environment analysis: Growth drivers and constraints.

-        Market trend and forecast analysis.

-        Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, M&As etc.

-        Attractive market segments and associated growth opportunities.

-        Emerging trends.

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