July 7, 2024
Muckle Wells syndrome Market

Muckle Wells Syndrome Market Is Expected To Be Flourished By Increasing Adoption Of Novel Therapies

Muckle Wells syndrome (MWS) is a rare genetic disorder which is characterized by recurrent fever, urticarial rash, joint pain, progressive sensorineural hearing loss, amyloidosis and other systemic features. MWS belongs to a group of disorders called cryopyrin-associated periodic syndromes (CAPS). The disease is caused by mutations in the NLRP3 gene which produces cryopyrin, a protein involved in the production of interleukin-1 beta (IL-1β), which is a pro-inflammatory cytokine. Currently, anti-IL-1 therapies such as anakinra, canakinumab and rilonacept are used for the symptomatic treatment of MWS. These novel therapies have shown significant clinical improvement in patients with relieved symptoms and reduced disease burden.

The global Muckle Wells syndrome Market was valued at US$ 146.4 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023-2030, as highlighted in a new report published by CoherentMI.

Market Dynamics:

Increasing adoption of novel therapies: The promising clinical efficacy demonstrated by anti-IL-1 therapies such as anakinra, canakinumab and rilonacept in reducing symptoms of MWS has led to their widespread adoption. These therapies are now considered first line of treatment for MWS as they provide relief from recurrent fever, joint inflammation and skin manifestations. Canakinumab (Ilaris) from Novartis received FDA approval in 2017 and is gaining increased preference over other alternatives owing to its ease of administration.

Rising awareness: Non-governmental organizations and patients advocacy groups are playing a crucial role in enhancing awareness about rare genetic disorders such as MWS. Supported initiatives include educational programs for healthcare professionals, conferences and seminars. This is helping in earlier diagnosis and timely management of symptoms. Growing awareness will likely augment demand of therapies and drive the Muckle Wells syndrome market growth over the forecast period.

Segment Analysis:

The global Muckle Wells Syndrome market is dominated by the drugs segment which accounts for over 70% market share. The drugs segment is further classified into anti-inflammatories, interleukin-1 inhibitors etc. Among these, interleukin-1 inhibitors sub-segment dominates the market owing to its high efficacy and safety profile in treating various symptoms associated with Muckle Wells Syndrome.

PEST Analysis:

Political: The global Muckle Wells Syndrome market is highly regulated with stringent norms for drug approval. Various governments provide incentives and funding for rare disease research which is positively impacting the market growth.
Economic: Rise in healthcare spending capabilities and increase in disposable incomes in emerging economies is expected to boost the market during the forecast period.
Social: Growing awareness about rare diseases and availability of treatment options is reducing the stigma associated with such diseases. Also, increase in funding from non-profit organizations is fueling the market growth.
Technological: Advancements in gene therapy and biologics have opened new avenues for treating rare diseases. Many ongoing clinical trials are assessing the potential of novel drug molecules which upon approval can transform the treatment landscape.

Global Muckle Wells Syndrome Market Segmentation:

By Disease Type

  • Classical MWS
  • MWS with amyloidosis
  • MWS without amyloidosis
  • Overlap MWS
  • Others

By Treatment Type

  • Anti-inflammatory drugs
  • Immunosuppressants
  • Biologics
  • JAK inhibitors
  • Corticosteroids
  • Analgesics
  • Others

By Route of Administration

  • Oral
  • Injectable
  • Topical
  • Others

By Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

Key Takeaways:

The Global Muckle Wells Syndrome Market Size is expected to witness high growth at a CAGR of 12% during the forecast period of 2023-2030.

North America currently dominates the market owing to presence of major players, high disposable income, and large patient population. The Asia Pacific region is projected to be the fastest growing market due to improving healthcare infrastructure, rise in awareness, and expansion of key players in emerging countries.

Key players operating in the Muckle Wells Syndrome market are Novartis, AbbVie, Johnson & Johnson, Pfizer, Merck, Sanofi, Celgene, Amgen, Eli Lilly, Gilead Sciences, Biogen, Bayer, Boehringer Ingelheim, AstraZeneca, Bristol-Myers Squibb, Astellas Pharma, Daiichi Sankyo, Eisai, Takeda Pharmaceutical, and Ono Pharmaceutical. Major players are focusing on developing innovative treatment options through collaborations and partnerships to strengthen their product pipelines.

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*Note:
1. Source: CoherentMI, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it