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Multiple Sclerosis Treatment Market Value to Reach $20 Billion by 2024, says GlobalData

The value of the multiple sclerosis therapeutics market will rise slowly from $17.2 billion in 2014 to approximately $20 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 1.5 percent, according to research and consulting firm GlobalData.
 
The company’s latest report* states that this growth, which will occur across the ten major markets of the US, France, Germany, Italy, Spain, the UK, Japan, Canada, China and India, will primarily be driven by the continued uptake of premium products and an increase in treatment rates as a result of the availability of novel alternatives.
 
Thomas Parker, MPharmacol, GlobalData’s Analyst covering Neurology and Ophthalmology says: “The continued uptake of oral Disease Modifying Therapies (DMTs) that typically have a higher annual cost of therapy and improved compliance rates, coupled with an increase of DMT treatment options that target progressive multiple sclerosis subtypes, will drive growth over the forecast period....
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