June 24, 2024

Amyotrophic Lateral Sclerosis Treatment Market Poised to Witness High Growth Due to Advancements in Gene Therapy

The global Amyotrophic Lateral Sclerosis treatment market is estimated to be valued at US$ 903.79 Mn in 2031 and is expected to exhibit a CAGR of 4.6% over the forecast period 2024-2031.

Amyotrophic lateral sclerosis (ALS), also known as Lou Gehrig’s disease, is a progressive neurodegenerative disease that affects nerve cells in the brain and the spinal cord. The need for effective treatment options for ALS is rising as the disease progresses rapidly and has low survival rates. Advancements in gene therapy hold potential for treating the root cause of ALS and provide long-term benefits.

The global Amyotrophic Lateral Sclerosis treatment market is driven by the rising prevalence of ALS and growing research on novel treatments with gene therapy and stem cell therapy showing promising results. Currently, available treatment options such as Riluzole, Edaravone, and Nusinersen focus on slowing disease progression and improving symptoms but do not cure the disease. Companies are focusing on developing targeted gene therapies and stem cell therapies to treat the underlying cause of motor neuron death in ALS. If successful, these therapies can significantly improve survival rates and quality of life for ALS patients.

Key Takeaways

Key players operating in the Amyotrophic Lateral Sclerosis treatment market are Orion Corporation, Bausch Health Companies Inc., CYTOKINETICS, INC., Aquestive Therapeutics, Inc., Sanofi ,Covis Pharma, Sun Pharmaceuticals Industries Ltd, Mitsubishi Tanabe Pharma Corporation, BrainStorm Cell Limited, ViroMed Co., Ltd, Ionis Pharmaceuticals, Genervon Biopharmaceuticals, LLC, Biogen, Orphazyme A/S, Apotex Inc, Neuralstem, Inc., Implicit Bioscience, F. Hoffmann-La Roche Ltd, AB Science, ADVANZ PHARMA.

The key opportunities in the market include a large patient pool for late-stage therapies in clinical trials, increasing research funding for ALS, and rising adoption of gene and stem cell therapies.

Advancements in vector engineering and delivery methods for gene therapies hold potential to improve targeting of motor neurons and provide long-lasting effects in ALS treatment. Stem cell therapies also show promising results in preliminary clinical trials for treating ALS.

Market Drivers

The major driver for the Amyotrophic Lateral Sclerosis treatment market is the rising incidence and prevalence of ALS globally. According to estimates, over 16,000 people in the US are living with ALS. The ageing population also increases the risk of ALS, driving market growth. Increased research funding from governments and non-profit organizations is encouraging pharmaceutical companies to focus on developing novel and targeted treatment options. Advancements in understanding the molecular pathogenesis of ALS are further helping researchers identify new treatment targets and biomarkers. This has accelerated the drug development process in recent years.

Current Challenges in Amyotrophic Lateral Sclerosis Treatment Market

The amyotrophic lateral sclerosis (ALS) treatment market faces several challenges currently. Developing novel treatments has proven difficult owing to the complexity and largely unknown causes of ALS. Most past clinical trials for ALS therapeutics have failed to demonstrate significant efficacy. The multifactorial nature of ALS pathogenesis also makes it challenging to target specific mechanisms of disease. Additionally, ALS is a rare disease with low patient numbers for clinical trials, making drug development a lengthy and expensive process. Access to care is another barrier as high-cost therapeutics pose affordability issues for many patients. More research is still required to gain a comprehensive understanding of ALS pathology and identify viable molecular targets.

SWOT Analysis

Strengths: Rising research focus on ALS with ongoing efforts to unravel disease mechanisms. Increasing approvals of new drugs provide expanded treatment options.

Weaknesses: Low disease awareness and lack of definitive diagnoses remain issues. High costs of approved therapies limit patient access in many regions.

Opportunities: Emerging biomarkers and novel drug targets open up scope for more effective therapies. Combination treatments aiming at multiple pathways show promise.

Threats: High attrition rates in drug development endanger return on investments. Limited patient populations affect viability of some pipeline candidates. Stringent regulatory norms necessitate extensive clinical validations.

Geographical Regions

North America currently accounts for the largest share of the global ALS treatment market, both in terms of value and volume. This is attributable to factors such as rising incidence rates, availability of advanced healthcare infrastructure, fast approvals for new drugs, and high spending on orphan disease R&D. Europe is the second largest regional market driven by government support for rare disease research. The Asia Pacific market is poised to witness the fastest growth over the coming years led by growing medical needs of aging populations, expanded insurance coverage, and increasing focus of global players on emerging economies.

Fastest Growing Region

The Asia Pacific region is projected to emerge as the fastest growing regional market for ALS treatments during the forecast period from 2024 to 2031. This growth can be attributed to improving healthcare access across developing countries, rising medical expenditures, growing patient awareness about treatment options, and expanding base of clinical trials and drug launches in the region by leading pharmaceutical firms. Additionally, a rapid increase in elderly demographics who are at higher ALS risk in Asia Pacific nations will help sustain the high demand for effective therapies.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it