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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Ataxia Market Regional Analysis
The United States is anticipated to lead the ataxia market, owing to the presence of prominent biopharmaceutical companies, working to offer better treatment alternatives. In May 2023 , a Biohaven Ltd. announced the submission of a new drug application (NDA) for troriluzole to the United States FDA. The novel drug was designed to treat Spinocerebellar Ataxia Type 3 (SCA3) in patients.
Europe is also witnessing increased funding and investments by various sectors to accommodate the growing ataxia market demand. In January 2024 , Vico Therapeutics B.V., a clinical-stage genetic medication company based in the Netherlands, announced USD 60 million Series B financing. The funding is aimed to support the ongoing Phase 1/2a clinical trial of its intrathecally administered product VO659, designed to treat patients affected with spinocerebellar ataxia type 3 and type 1, among other neurological diseases.
Ataxia Market Report Snapshots
Ataxia Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of about USD 37.7 billion in 2023 driven by intensive research activities to develop effective drugs and therapies for ataxia patients across the 8 major markets.
The market is anticipated to grow at a CAGR of 9.72% during the forecast period of 2024-2032, likely to reach a market value of USD 95.3 billion by 2032.
The growing availability of pharmacological and other treatment alternatives like stem cell therapies to patients suffering from ataxia are the major factors aiding the market demand.
The surge in drug approvals by health authorities is one of the major trends driving the ataxia market. In February 2023, the United States Food and Drug Administration (FDA) approved Skyclarys as the first authorized treatment for Friedreich’s ataxia.
There are different types of ataxias, including spinocerebellar ataxias, ataxia-telangiectasia, and episodic ataxia, among others (multiple system atrophy (MSA)).
Based on the age group, the market is segmented into adult, child, and geriatric.
Based on the dosage forms, the market is divided into solids and liquids, among others.
The services in the market include treatment and diagnosis.
Major end users in the market include hospitals, and clinics, among others.
The major regions of the market include the United States, Japan, China, EU-4, and the United Kingdom. EU-4 is segmented into Germany, France, Italy, and Spain.
Key players involved in the market are Novartis AG, Merck KGaA, Aurobindo Pharma, Pfizer Inc., Sanofi, Teva Pharmaceutical, Acorda Therapeutics, Viatris Inc., Design Therapeutics Inc., Lupin, Apotex Inc., Biohaven Pharmaceuticals, Amneal Pharmaceuticals LLC., Biovista, and Intrabio.
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