Amyotrophic lateral sclerosis formerly known as Lou Gehrig’s disease, is a neurological disorder that affects motor neurons, the nerve cells in the brain and spinal cord that control voluntary muscle movement and breathing. As motor neurons degenerate and die, they stop sending messages to the muscles, which causes the muscles to weaken, start to twitch and waste away. Eventually, in people with amyotrophic lateral sclerosis, the brain loses its ability to initiate and control voluntary movements such as walking, talking, chewing, and other functions, as well as breathing. Amyotrophic lateral sclerosis is progressive, meaning the symptoms get worse over time. The U.S. Food and Drug Administration has approved several drugs for amyotrophic lateral sclerosis that may prolong survival, reduce the rate of decline, or help manage symptoms. However, there is currently no known treatment that stops or reverses the progression of amyotrophic lateral sclerosis. As the disease progresses, muscle weakness and atrophy spread to other parts of the body. Although not as common, people with amyotrophic lateral sclerosis also may experience problems with language or decision-making. Some also develop a form of dementia known as FTD-ALS.
It is important to get an accurate amyotrophic lateral sclerosis diagnosis as soon as possible. Amyotrophic lateral sclerosis treatments may be most effective early in the course of the disease. Scientific discoveries have resulted in the identification of multiple therapeutic targets for amyotrophic lateral sclerosis, and four disease-modifying, plus one symptoms-managing, amyotrophic lateral sclerosis therapies approved by the FDA. The goal of the companies is to increase the availability of and access to, high-quality specimens for research to understand the neurological basis of the disease.
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Global Amyotrophic Lateral Sclerosis Market – Competitive Landscape
On September 25, 2023, the University of Sheffield spin-out company Crucible Therapeutics raised USD 5.42 million to advance pioneering treatments for neurological diseases. On March 22, 2023, The ALS Society of Canada and Brain Canada partnership invested more than USD 1.4 million in cutting-edge discoveries and treatments of amyotrophic lateral sclerosis. On May 13, 2020, QurAlis raised USD 42 million in series A financing to develop new therapies for amyotrophic lateral sclerosis.
Some of the Key Players in the Global Amyotrophic Lateral Sclerosis Market Include –
- ITF Pharma Inc.
- Sanofi
- Mylan N.V.
- Mitsubishi Tanabe Pharma
- Ionis Pharmaceutical Inc.
- Sun Pharmaceutical
- Ascend Pharmaceutical LLC.
- Apotex Inc.
- Covis Pharma
- Biogen
- Brainstorm therapeutics
- AB Science
Global Amyotrophic Lateral Sclerosis Market – Growth Drivers
The rising incidence of amyotrophic lateral sclerosis globally is a significant factor that increases the growth of the amyotrophic lateral sclerosis market. As awareness of disease grows and diagnostic capabilities improve, more cases are identified which drives the demand for amyotrophic lateral sclerosis therapies and treatments. According to the National Center of Biotechnology Information (NCBI), the incidence of amyotrophic lateral sclerosis is approximately 1-2.6 cases per 1,00,000 persons annually and the prevalence is 6 cases per 1,00,000. Ongoing research and development activities aimed at discovering novel therapies and interventions for amyotrophic lateral sclerosis contribute to amyotrophic lateral sclerosis market growth. Collaboration between pharmaceutical companies, research institutions, and government bodies plays a crucial role in advancing amyotrophic lateral sclerosis research and drug development. The growing healthcare expenditure globally contributes to the amyotrophic lateral sclerosis market’s expansion. As government and private sectors allocate more resources to healthcare, there is greater financial support available for research, development, and patient care. Advances in technologies, such as biomarker identification, gene therapies, and precision medicine, contribute to the development of more targeted and effective treatments for amyotrophic lateral sclerosis.
Global Amyotrophic Lateral Sclerosis Market – Restraints
The absence of curative treatments for amyotrophic lateral sclerosis poses a significant restraint. Current therapeutic interventions primarily focus on managing symptoms and slowing disease progression, leaving a substantial unmet medical need. Research and development costs associated with bringing new amyotrophic lateral sclerosis therapies to market are considerable. According to the National Center for Biotechnology Information (NCBI), the national costs for amyotrophic lateral sclerosis vary between USD 161.72 million and USD 1,442.49 million The financial burden of conducting clinical trials and obtaining regulatory approvals may discourage some pharmaceutical companies from investing in amyotrophic lateral sclerosis drug development. Limited awareness of amyotrophic lateral sclerosis among the general public and healthcare professionals may lead to delayed diagnoses and treatment initiation. This lack of awareness can also affect funding for research initiatives and contribute to a slower pace of amyotrophic lateral sclerosis market growth. Amyotrophic lateral sclerosis is characterized by significant heterogeneity in terms of disease progression, symptoms, manifestation, and genetic factors. This variability complicates clinical trial design and may impede the development of universally effective treatments. Economic uncertainties, exacerbated by events such as the global financial crisis or health crises like the COVID-19 pandemic, can impact funding for research and development in the amyotrophic lateral sclerosis market, potentially slowing down progress.
Global Amyotrophic Lateral Sclerosis Market – Opportunities
Ongoing research efforts provide opportunities for discovering novel therapeutic targets and treatment modalities. Advances in understanding the molecular and genetic basis of amyotrophic lateral sclerosis offer the potential for the development of more targeted and effective interventions. Regulatory pathways that expedite the development and approval of amyotrophic lateral sclerosis treatments, such as fast-track designations, present opportunities for more efficient translation of research findings into therapeutic options. Increasing government initiatives and funding for amyotrophic lateral sclerosis research can boost the development of new therapies. Financial incentives and grants can encourage pharmaceutical companies to invest in amyotrophic lateral sclerosis drug development.
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Global Amyotrophic Lateral Sclerosis Market – Geographical Insight
The market for global amyotrophic lateral sclerosis is segmented into regions such as North America, Latin America, Europe, Asia-Pacific, the Middle East & Africa. North America is the largest region for amyotrophic lateral sclerosis due to numerous clinical trials, research institutions, and collaborations driving advancements in understanding the disease and developing treatments. Asia-Pacific is the growing region for amyotrophic lateral sclerosis and is increasingly becoming a hub for emerging amyotrophic lateral sclerosis research, with a rising number of clinical trials and collaborative initiatives. The amyotrophic lateral sclerosis market in Europe is influenced by a stringent regulatory landscape, impacting the approval process for new treatments.
Global Amyotrophic Lateral Sclerosis Market – Key Development
- On May 30, 2023, Amylyx Pharmaceutical provided an update on the ongoing regulatory review of AMX0035 for the treatment of amyotrophic lateral sclerosis in the European Union
- On April 25, 2023, the FDA granted accelerated approval for QALSODY™ for SOD1-ALS, a major scientific advancement as the first treatment to target a genetic cause of amyotrophic lateral sclerosis.