NEW YORK, March 07, 2018 (GLOBE NEWSWIRE) — Global Spinal Muscular Atrophy Treatment Market by Types (Type I, Type II, Type III and Type IV), Treatment (Gene Replacement Surgery, Medicines, Nutritional Support and Respiratory Support), Region (North America, Asia-Pacific, Europe, Latin America, Middle-east and Africa).
The global spinal muscular atrophy treatment market is expected to grow at a progressive growth rate during the forecast period, owing to increase incidences of spinal muscular atrophy disease coupled with the rising number of spinal muscular atrophy patient. The other factors propelling and the growth of the spinal muscular atrophy treatment market are new technological innovation, and raising awareness about diagnostics and treatment of spinal muscular atrophy disease. However, the shortage of skilled professionals may hamper the growth of global spinal muscular atrophy treatment market.
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Spinal muscular atrophy (SMA) disease affects the control and movement of muscles, it affects motor neurons which are present in the spinal cord and brain. The disease hampers the transfer of electric and chemical signal and affects various physical activities such as crawling, walking, and sitting up. Recently U.S. FDA (United States Food and Drug Administration) approved a medicine for the treatment of spinal muscular atrophy disease. The huge new pipeline of drugs is ongoing, along with government as well as privet funding for development of new drugs and treatments.
The global spinal muscular atrophy treatment market is segmented on the basis of its types, treatment, and region. Based on types the global spinal muscular atrophy treatment market is segmented into type I, type II, type III and type IV these segments are depending upon distinction between caused and symptoms. Based on treatment the global spinal muscular atrophy treatment market is segmented into gene replacement surgery, medicines, nutritional support, and respiratory support. Based on region, the global spinal muscular atrophy treatment market is divided into North America, Asia-Pacific, Europe, Latin America, and Middle-East and Africa.
North America holds the largest share of the global spinal muscular atrophy treatment market and expected to continue its dominance during the forecast period owing to new technological advancement and rising awareness among people for treating the spinal muscular atrophy. Asia-Pacific, China, and India are expected to witness highest growth rate during the forecast
period. The factors fueling the spinal muscular atrophy treatment market in the Asia-Pacific region are increasing awareness about diagnostics and treatment of spinal muscular atrophy.
The key players in global spinal muscular atrophy market include Biogen Inc, Regeneneron Phramaceuticals, Inc, Pfizer Inc, Ionis Pharmaceuticals, AveXis, Inc. Novartis, among others.
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