Market Overview

The Global Spinal Muscular Atrophy Treatment market size stood at around USD 1.82 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period 2019-2028

The global market growth is driven by a significant increase in the number of product launches despite the relative rarity of the disorder and high costs associated with the approved drugs. The treatment of spinal muscular atrophy through the gene therapy drug called Zolgensma by the Swiss drugmaker Novartis comes with a price tag of USD 2.1 million, for a one-time treatment. Despite such high costs, the severity of the disorder, which is considered the leading genetic cause of death in infants, is driving the adoption of these expensive drugs



Market Growth Drivers

The overall burden of spinal muscular atrophy is one of the highest in terms of cost and healthcare services in the rare disorder. The rising incidence of spinal muscular atrophy due to the increasing population is one of the key factor for the growth in global SMA treatment market. The increasing incidence and awareness for spinal muscular atrophy have increased remarkably which is propelling the demand for efficient therapeutic options leading to better patient outcomes. In recent times, there have been two substantial and very significant product launches in gene therapy for the treatment of spinal muscular atrophy

Spinal Muscular Atrophy Treatment Market by Disease Type

The spinal muscular atrophy treatment market has been segmented on the basis of major disease type which are Type 1 SMA, Type 2 SMA and others. Type 1 SMA generated the highest revenue amongst the three categories in 2018 and is expected to remain dominant in terms of revenue throughout the forecast duration. Type 1 SMA is anticipated to remain the most dominant because the majority of the cases of the disorder are of this type, which has led to it dominating in terms of market share. Increasing awareness of the Type 2 SMA and increasing adoption of treatment is also anticipated to drive the growth of this type in the forecast period