Global spinal muscular atrophy market set to reach $6.6B in 2028, says analyst
The total spinal muscular atrophy (SMA) market was estimated to be worth $1.5 billion across the seven major markets (7MM: the USA, France, Germany, Italy, Spain, UK and Japan) in 2018.
This is expected to grow to $6.6 billion in 2028, at an impressive compound annual growth rate (CAGR) of 16%, according to data and analytics company GlobalData.
GlobalData’s latest report: ‘ Spinal Muscular Atrophy (SMA): Opportunity Analysis and Forecasts to 2028’ reveals that this growth will be driven by the Food and Drug Administration approval of Novartis’ (NOVN: VX) Zolgensma (onasemnogene abeparvovec-xxxx) for SMA in May 2019, coupled with its anticipated approvals in the EU and Japan as well as the launch of other pipeline products during the forecast period.
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