"Designing Growth Strategies is in our DNA"

Europe Multiple Sclerosis Drugs Market Size, Share & COVID-19 Impact Analysis, By Drug Class (Immunomodulators, Immunosuppressants, Interferons, and Others), By Route of Administration (Oral and Injection {Intramuscular, Subcutaneous, and Intravenous}), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy), and Regional Forecast, 2023-2030

Last Updated: October 21, 2024 | Format: PDF | Report ID: FBI107917

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

Europe is the second largest region in the global multiple sclerosis drugs market. It is projected to grow at a CAGR of 5.7% during the forecast period. The global market is projected to grow from USD 22.32 billion in 2022 to USD 31.90 billion by 2030.


Multiple sclerosis is an immune system disorder in which the immune system degrades the protective covering of the nerves. The damage to the nerves disrupts the communication between the brain and the body, disrupting the body's normal functioning. Treatment can be done through medication, therapy, and exercise. The increasing prevalence of the disease has been fueling the demand for multiple sclerosis drugs for effective treatment.



  • For instance, as per the data published by Multiple Sclerosis International Federation in 2021, more than 1.0 million people are affected by MS in Europe.


Our report on the European market covers the following countries/regions – the U.K., Germany, France, Italy, Spain, Scandinavia, and the rest of Europe.


LATEST TRENDS


Increasing Emphasis of Market Players on Clinical Trials for Effective Drug Development to Propel Industry Growth


The increasing prevalence of multiple sclerosis has increased the demand for the development of effective multiple sclerosis drugs. Market players have increased their emphasis on clinical trials for effective drug development.



  • For instance, Hoffmann-La Roche drug candidate Fenebrutinib is in Phase 3 clinical trial to study its safety and efficacy to control the disability progression in adult participants with primary Progressive Multiple Sclerosis (PPMS). The expected study completion is in 2026.


The launch of multiple sclerosis drugs in European countries is expected to fuel the European market growth in the region.


DRIVING FACTORS


Increasing Drug Approval for the Disease Treatment to Fueling the Market Growth


To fulfil the demand for effective treatment to control the progression of the disease, regulatory bodies in the region have increased their emphasis on the approval of effective drugs for the treatment.



  • For instance, in January 2020, Novartis announced the approval of its product Mayzent (siponimod) by the European Commission (EC). The drug is indicated for the treatment of adult patients with Secondary Progressive Multiple Sclerosis (SPMS).


Such product approvals are expected to fuel the Europe multiple sclerosis drugs market growth over the forecast period.


RESTRAINING FACTORS


Request a Free sample to learn more about this report.


Limitation in the Diagnosis Due to Non-Distinguishable Symptoms to Limit Market Growth


Multiple sclerosis is an acquired neurological disorder of central nervous system. Various forms of multiple sclerosis have been identified by clinicians, which differ in their respective symptoms and patterns. However, no distinct symptoms of multiple sclerosis can help identify the disease from physical examination. Moreover, no specific clinical or non-clinical diagnostic test is available for diagnosing the disease, which is a key restraint for relatively fewer people diagnosed with multiple sclerosis across the globe.


Due to this, comparatively limited number of people get effective treatment for the disease, thereby limiting the market growth.


KEY INDUSTRY PLAYERS


In terms of competitive landscape, Biogen and F. Hoffman-La Roche Ltd. are the major players in the region accounting for significant Europe multiple sclerosis drugs market share. The growth of these industry players in the region is attributed to their increasing focus on its multiple sclerosis drug approvals in this market.


Other prominent players in the market include Novartis AG and Sanofi Pharma due to the strong sales of their multiple sclerosis drugs. Some of the other major players are Teva Pharmaceutical Industries Ltd., Pfizer Inc., Bristol-Myers Squibb Company, and others. These companies have been focusing on R&D for effective drug development to fuel its growth in the European market.


LIST OF KEY COMPANIES PROFILED:



  • Biogen (U.S.)

  • Pfizer Inc. (U.S.)

  • F. Hoffmann-La Roche Ltd. (Switzerland)

  • Novartis AG (Switzerland)

  • Merck & Co., Inc. (U.S.)

  • Sanofi (France)

  • Teva Pharmaceutical Industries Ltd. (Israel)

  • Janssen Pharmaceuticals, Inc. (Johnson & Johnson Corporation) (New Jersey)

  • Bristol-Myers Squibb Company (U.S.)


KEY INDUSTRY DEVELOPMENTS:



  • April 2021: Biogen Inc. announced that the European Commission (EC) granted marketing approval for the subcutaneous injection of TYSABRI (natalizumab) to treat relapsing-remitting MS. This new route of administration provided improved efficacy and safety to the TYSABRI intravenous formulation. This approval expanded the company’s therapeutic portfolio for MS.

  • July 2021: Biogen Inc. and InnoCare Pharma Limited announced their license and collaboration for Orelabrutinib, an oral small molecule for the potential treatment of multiple sclerosis.

  • August 2020: Sanofi and Principia Biopharma Inc. announced that the former would acquire the outstanding shares of Principia for an aggregate equity value of approximately USD 3.68 billion.


REPORT COVERAGE


To gain extensive insights into the market, Request for Customization


The research report provides qualitative and quantitative insights on the market and a detailed analysis of the European market size & growth rate for all possible segments in the market. Along with the market forecast, the research report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are overview of the number of procedures, an overview of price analysis of types of products, overview of the regulatory scenario by key countries, pipeline analysis, new product launches, key industry developments – mergers, acquisitions & partnerships, and the impact of COVID-19 pandemic on the market.


Report Scope & Segmentation


























































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 5.7% from 2023 to 2030



Unit



Value (USD billion)



Segmentation



Drug Class; Route of Administration; Distribution Channel; and Country/ Sub-Region



By Drug Class




  • Immunomodulators

  • Immunosuppressants

  • Interferons

  • Others



By Route of Administration




  • Oral

  • Injection

    • Intramuscular

    • Subcutaneous

    • Intravenous





By Distribution Channel




  • Hospital Pharmacy

  • Retail Pharmacy

  • Online Pharmacy



By Country/Sub-Region




  • Germany

  • U.K.

  • France

  • Italy

  • Spain

  • Scandinavia

  • Rest of Europe






Frequently Asked Questions

Growing at a CAGR of 5.7%, the market will exhibit steady growth in the forecast period (2023-2030).

The key factors driving the market are new product launches, increasing government initiatives to improve the accessibility of care & treatment, rising prevalence of multiple sclerosis, and significant R&D investments.

Biogen, F. Hoffman-La Roche Ltd., Novartis AG, and Sanofi are the major players in the Europe market.

Germany dominated the market in 2022.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts
Speak to an Expert
  • 2019-2030
  • 2022
  • 2019-2021
  • 109
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X