Market Trends of Myasthenia Gravis Therapeutics Industry
This section covers the major market trends shaping the Myasthenia Gravis Therapeutics Market according to our research experts:
Medications are Expected to Cover a Large Share of the Market
There are two primary therapies for the treatment of Myasthenia Gravis. Symptomatic treatment (acetylcholinesterase inhibition) is used to increase the amount of acetylcholine (ACh) available at the neuromuscular junction and Chronic immunosuppressive therapies (glucocorticoids and nonsteroidal immunosuppressive agents) are used to target the underlying immune dysregulation are the two primary therapies.
Acetylcholine esterase (AChE) inhibitors are considered to be the basic treatment of myasthenia gravis (MG). Edrophonium is primarily used as a diagnostic tool owing to its short half-life. Pyridostigmine is used for long-term maintenance. Moreover, research and development are being done to further improve the efficacy of these medications
North America is Expected to Dominate the Myasthenia Gravis Market
According to Myasthenia Gravis Foundation Of America 2019 data, the prevalence of myasthenia gravis in the United States is estimated at 14 to 20 per 100,000 population, which approximately translates to 36,000 to 60,000 cases in the United States. However, the report states that myasthenia gravis may be underdiagnosed in many cases and the prevalence might be higher. Report also suggests that women are more often affected than men. The most common age at onset is the 20s and 30s in women and the 60s and 70s in men.
However, the developed North American countries like the US and Canada have well structured and development healthcare systems. These countries also promote research and development for rare diseases and hence have very high expenditure on healthcare. As a result of these policies, many companies globally are encouraged to operate in this region.
Moreover, most of the population in developed countries like the US and Canada are covered under medical and health insurance and hence, are able to afford the expensive medication and therapies for myasthenia gravis. Hence, the North American region is expected to cover a large share of the myasthenia gravis market.
