Market Challenges And Opportunities

Global Neuromyelitis Optica Therapy Market Drivers

The global neuromyelitis optica therapy market is expected to witness significant growth over the forecast period, owing to increasing collaborations to launch new drugs for the treatment of neuromyelitis optica spectrum disorder. For instance, in May 2019, in China, Viela Bio, Inc. entered into strategic collaboration with Hansoh Pharmaceutical Group Company Limited (“Hansoh Pharma”) to develop as well as commercialize inebilizumab drug for the treatment of autoimmune disorder such as neuromyelitis optica spectrum disorder. From the same source, in May 2019, Viela Bio had presented positive result from the pivotal study of inebilizumab in patient. Moreover, currently inebilizumab drug is not approved by the U.S Food and Drug Administartion (FDA) for sale in China and U.S.

Furthermore, rising incidence of neuromyelitis optica disorder among people is expected to propel global neuromyelitis optica therapy market growth. For instance, according to the U.S National Library of Medicine (NHS) 2019 report, prevalence of neuromyelitis optica spectrum disorders (NMOSD) is commonly observed in nations with a predominately non-Caucasian population and estimated to be high as 10 per 100,000 individuals.

Global Neuromyelitis Optica Therapy Market Restraints

However, high cost of drug such as eculizumab for the treatment of neuromyelitis optica spectrum disorder (NMOSD) yet remains one of the major restraints for global neuromyelitis Optica therapy market growth. For instance, cost of eculizumab is US$ 500,000 per patient per year, which is one of the most expensive therapies in the world for the treatment of neuromyelitis optica spectrum disorder (NMOSD).

Moreover, side effects associated with the eculizumab such as upper respiratory tract infection, back pain, anemia, nasal congestion, urinary tract infection for the treatment of neuromyelitis optica spectrum disorder (NMOSD) is another factor that is expected to hamper the global neuromyelitis optica therapy market growth.