Spinal Muscular Atrophy Treatment Market to Reach $8.4Billion, Globally, by 2032 at 6.8% CAGR | Pfizer Inc.

PORTLAND, IA, UNITED STATES, March 19, 2025 /EINPresswire.com/ -- According to the report, the global spinal muscular atrophy treatment industry generated $4.3 billion in 2022, and is anticipated to generate $8.4 billion by 2032, witnessing a CAGR of 6.8% from 2023 to 2032. 

Prime determinants of growth

Increase in prevalence of spinal muscular atrophy, initiatives by government organizations, and increase in the demand for SMA drugs for the treatment of spinal muscular atrophy drive the growth of the global spinal muscular atrophy treatment market. However, the high cost of the SMA drugs is hampering the spinal muscular atrophy treatment market growth. On the contrary, the increase in R&D activities are expected to offer remunerative opportunities for expansion of the spinal muscular atrophy treatment market during the forecast period. 

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The type 1 segment to maintain its leadership status throughout the forecast period 

Based on type, the type 1 segment held the largest market share in 2022, accounting for more than three-fifths of the global spinal muscular atrophy treatment market revenue and is estimated to maintain its leadership status throughout the forecast period. The same segment is projected to manifest the highest CAGR of 7.2% from 2023 to 2032, owing to increase in number of people with type 1 SMA has led to a rise in the demand for SMA drugs to treat this type of disease. 

The parenteral segment to maintain its leadership status throughout the forecast period 

Based on route of administration, the parenteral segment held the largest market share in 2022, accounting for nearly three-fourths of the global spinal muscular atrophy treatment market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to high adoption of parenteral medications as they provide high efficacy and immediate therapeutic effect of parenteral treatments, as compared to other administration routes, and shows rapid absorption of the therapeutic agents. However, the oral segment is projected to manifest the highest CAGR of 7.3% from 2023 to 2032, owing to an increase in demand for convenient and patient-friendly treatment options as the oral medications provide a more accessible and easier administration route compared to other forms such as intravenous or intrathecal injections.  

The hospitals to maintain its dominance by 2032

Based on end user, the hospitals segment held the largest market share in terms of revenue in 2022, accounting for more than two-thirds of the global spinal muscular atrophy treatment market revenue. This is attributed to availability of wide range of treatment options along with trained medical staff and rise in number of patient admissions in hospitals for the treatment of spinal muscular atrophy. However, the others segment is expected to witness the fastest CAGR of 7.3% from 2023 to 2032. This is attributed to the shift towards specialty clinics and home care along with rise in number of spinal muscular atrophy (SMA) cases and the availability of SMA treatment at home care settings drive the demand for SMA drugs. 

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North America to maintain its dominance by 2032

Based on region, North America held the largest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global spinal muscular atrophy treatment market revenue, owing to robust healthcare infrastructure, availability of approved spinal muscular atrophy drugs and high healthcare expenditures. However, the Asia-Pacific region is expected to witness the fastest CAGR of 7.7% from 2023 to 2032 and is likely to dominate the market during the forecast period, owing to an increase in awareness of spinal muscular atrophy, and a rise in number of people affected with spinal muscular atrophy. 

Leading Market Players: - 

Biogen
Cytokinetics
Hanugen Theraputics
NMD Phrama A/S
Novartis AG
F. Hoffmann-La Roche Ltd.
Pfizer Inc.
Scholar Rock Holding Corporation
Beijing Jinlan Gene Technology Co., Ltd. 
Ionis Pharmaceuticals, Inc.

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