By Treatment
By Route of Administration
By Disease Type
- Type 1
- Type 2
- Type 3
- Type 4
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
The market is classified into treatment, route of administration, disease type and region. The treatment segment is fragmented into gene therapy and drugs. The gene therapy segment is anticipated to hold the largest spinal muscular atrophy treatment market share as it is a viable option than drugs. Additionally, Spinraza is the only drug that received an FDA approval for SMA treatment in recent times which is why it is expected that the drugs segment is predicted to grow at a substantial rate during the forecast period. The route of administration segment is classified into oral and intrathecal. The intrathecal segment is anticipated to lead the market as drugs like Spinraza are provided intrathecally. Additionally, no new drugs are expected to be launched till the end of 2021 which shall maintain its market dominance.
The disease type segment is categorised into type 1, type 2, type 3 and type 4. The type 1 segment is estimated to lead the market owing to its rising prevalence. Furthermore, companies are emphasizing on developing drugs for treating type 1 SMA and this shall boost the segment growth. Similarly, there have been significant progress in the development of novel therapies. For instance, AveXis Inc. have developed a gene therapy, AVXS-101, which has been tested clinically for safety evaluations. Similarly, Novartis AG’s LMI07 also focusses on treating type 1 SMA.
The North America region is predicted to dominate the market as the Unites States market generates maximum revenue amongst all regions. Furthermore, crucial players like Biogen are in the region as they have developed important drugs like Spinraza. Moreover, there has been a rise in the number of initiatives conducted by private and public bodies for creating awareness coupled with growing investments in research and development activities related to spinal muscular atrophy.