Japan Secondary Progressive Multiple Sclerosis Drug Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
Japan's secondary progressive multiple sclerosis (SPMS) drug market is experiencing significant growth, propelled by an aging population and advancements in therapeutic options. In 2022, the market was valued at approximately $1.53 billion and is projected to reach $2.12 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.2% during the forecast period from 2023 to 2030. citeturn0search1
SPMS, a phase of multiple sclerosis characterized by progressive neurological decline, presents unique treatment challenges. The market's expansion is largely driven by the increasing prevalence of SPMS cases and the introduction of novel disease-modifying therapies (DMTs). These therapies aim to slow disease progression and manage symptoms effectively.
Key players in the Japanese pharmaceutical industry are actively developing and marketing SPMS treatments. For instance, Siponimod has shown promise in treating SPMS with active disease, leading to its approval in several markets. Similarly, Ocrelizumab has been approved for both primary progressive and relapsing forms of multiple sclerosis, offering hope to SPMS patients.
The demand for SPMS medications has led to a diversified drug portfolio, including oral therapies, injectables, and monoclonal antibodies. This variety provides healthcare professionals with multiple options to tailor treatment plans to individual patient needs.
Industry stakeholders face several challenges, including the high cost of novel therapies and the need for personalized treatment approaches. There is also a pressing requirement for comprehensive patient support programs to ensure adherence to complex treatment regimens. Collaboration between pharmaceutical companies, healthcare providers, and patient advocacy groups is essential to address these challenges effectively.
In summary, the SPMS drug market in Japan is poised for substantial growth, driven by therapeutic innovations and a rising patient population. The industry's focus on developing effective treatments and supporting patient care is crucial to meet the evolving needs of SPMS patients.
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AB Science SA
Actelion Ltd
Biogen
Inc
F. Hoffmann-La Roche Ltd.
Genzyme Corporation
Glialogix
Inc
Immune Response BioPharma
Inc
Innate Immunotherapeutics Ltd
Kyorin Pharmaceutical Co.
Ltd.
Mal Incrodt Plc
MedDay SA
MedImmune
LLC
Merck KGaA
Meta-IQ ApS
Novartis AG
Opexa Therapeutics
Inc
Xenetic Biosciences (UK) Limited
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Secondary Progressive Multiple Sclerosis Drug Market
Oral Therapies
Injectable Therapies
Intravenous Therapies
Monoclonal Antibodies
Immunomodulators
Immunosuppressants
Neuroprotectants
Cell-based Therapies
Oral
Subcutaneous
Intravenous
Intramuscular
Disease Modification
Symptom Management
Progression Delay
Quality of Life Improvement
Age Groups
Gender
Socioeconomic Status
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Secondary Progressive Multiple Sclerosis Drug Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Secondary Progressive Multiple Sclerosis Drug Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Secondary Progressive Multiple Sclerosis Drug Market, By Type
6. Japan Secondary Progressive Multiple Sclerosis Drug Market, By Application
7. Japan Secondary Progressive Multiple Sclerosis Drug Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Secondary Progressive Multiple Sclerosis Drug Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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