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The global spinal muscular atrophy therapeutics market is expected to grow at a CAGR of almost 23% during the forecast period
Spinal muscular atrophy treatment industry growth is expected to accelerate over the next five years, driven by the increasing number of initiatives by several organizations to provide care to patients suffering from spinal muscular atrophy. Furthermore, the increase in government funding on R&D for spinal muscular atrophy treatment is expected to boost the growth of the global spinal muscular atrophy treatment market. Technavio’s spinal muscular atrophy treatment industry analysis reveals promising markets around the world.
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The Americas dominated the spinal muscular atrophy therapeutics market by region
The global spinal muscular atrophy treatment market was dominated by the Americas with a market share of over 73%, followed by EMEA and APAC. However, EMEA is expected to witness a faster growth than APAC and the Americas over the period of forecast. In addition, the Americas will drive around 66% of the growth for the global spinal muscular atrophy treatment industry, while EMEA and APAC are also predicted to contribute significantly to the incremental growth in the forecast period.
Biogen is the leading spinal muscular atrophy therapeutics vendors
The global spinal muscular atrophy treatment market is forecasted to grow reasonably fragmented with the emergence of many international and regional vendors who offer spinal muscular atrophy treatment. Most of the established companies in the global spinal muscular atrophy treatment market are focused on investing heavily on the development of novel therapeutics for spinal muscular atrophy treatment which will contribute to the growth of the market. Many international and regional vendors are vying for their share of the global spinal muscular atrophy treatment market, and players must differentiate themselves to gain vital traction over their peers.
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