Autism Disorder and Treatment Market – Overview
Global Autism Disorder and Treatment Market is expected to demonstrate a spectacular growth by 2023, registering 4.37% CAGR throughout the forecast period (2017 – 2023).
Autism Spectrum Disorder (ASD) refers to the mental imbalance which is generally linked to the seizures, lack of sound sleep, and gastrointestinal (GI) distress. The heady lifestyle is the root cause of ASD’s existence that is affecting a number of children as well as adults. Although many experts assert that there is no cure of Autism; following the line of treatments continually assures good outcomes. Specialists are increasingly developing breakthrough therapies and treatments using the technological advancements which are phenomenally close.
People are increasingly falling prey to the changing lifestyle that leaves no room for relaxation leaving people sleep deprived & frustrated. This is resultantly, fuelling the prevalence of mental disorders like Autism. The alarming number of Autism patients worldwide are prompting the demand for novel treatments for ASD. Therefore, the market of autism disorder and treatment is growing globally.
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Accrediting the traction, this market is currently vibrating with and the growth prospects the market is demonstrating globally, Market Research Future (MRFR) has recently published a brilliant study report giving out the complete market prognosis up till 2023.
Evidently, technological advancements transpired into the field of medical science are providing impetus to the market growth further escalating pervasively. Moreover, efforts of key market players that are continually bringing up novel improvements are rather seminal. These players are the main driving force behind the exclusive market growth.
In addition to the increasing population, other factors contributing to the market growth include the growing prevalence of mental disorders fuelled by the fast life and various prevailing addictions such as alcohol, narcotics, etc. Initiatives taken by Governments worldwide are playing a major role in treatments.
Grants and funding to treat Autism are fostering the market growth to an extent. Additionally, extensive R&D activities transpired in the field of Autism treatments are fuelling the market growth. The demand for sophisticated therapy by physicians and patients is also propelling the market to a great extent.
On the other hand, factors like unmet medical needs coupled with the huge cost of therapy, lack of medical infrastructure, and lack of awareness in developing regions are anticipated to restrict the market growth. However, technological advancements transpired in healthcare are expected to foster market growth.
Some of the leaders in the global autism disorder and treatment market are Pfizer Inc. (US), GlaxoSmithKline plc (UK), Eli Lilly & Company (US), Merck & CO Inc. (US), Allergan (Ireland), Consern Pharma Pvt.Ltd. (India). Profiling them in its analysis MRFR finds out the strategies that place them at the forefront of competition.
Industry/Innovation/ Related News:
December 12, 2018 – Q BioMed Inc. (US), a biomedical acceleration and development company announced its partnership with SRI International (US), an independent, non-profit research center that serves government and industry to help commercialize products to Develop Pediatric Developmental Nonverbal Disorder Therapy.
Q BioMed’s QBM-001 compound targets toddlers with the pediatric developmental nonverbal disorder, where an underlying commonality may lead to developmental delay, autism diagnosis and eventual nonverbal or very minimally verbal capability for the rest of their lives.
The deal brings Q BioMed both experience with autism models and expertise in the formulation of products like QBM-001 in SRI International. The partnership will be the catalyst for several milestones for QBM-001 over the next few months as the duo prepare clinical product for the trials we anticipate starting in 2019.
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Autism Disorder and Treatment Market – Segmentations
The MRFR analysis is segmented into four key dynamics for the convenience of understanding;
By Types: Comprising of – Asperger Syndrome, Autistic Disorder, & Pervasive Developmental among others.
By Therapy Treatments : Including Auditory Integration Training, Neurofeedback, Chelation Therapy, Facilitated Communication, Hyperbaric Oxygen Therapy, Etc.
By Drug Types: SSRIs, Anti-convulsants, Stimulants (Ritalin, Anti-psychotic, and Risperidone), Etc.
By Regions: Europe, North America, Asia Pacific, and Rest-of-the-World.
Autism Disorder and Treatment Market – Regional Analysis
North America accounts for the largest market for autism disorder and treatment, Globally. The market is further expected to increase registering a fabulous CAGR during the forecast period. Technological advancement in the burgeoning healthcare industry is reasoning to provide new effective drugs for treatments with greater outcomes, and this is one of the key factors driving the regional market growth.
The European region accounted for the second-largest market for autism disorder and treatment in the year 2017. The market is expected to grow at a considerable CAGR in the next six years while the Asia Pacific is estimated to emerge as the fastest growing market for Autism disorder and Treatment.
Some Points From TOC of Autism Disorder and Treatment Market Research Report – Forecast to 2023:
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Autism Disorder & Treatment Market, By Type
7 Global Autism Disorder & Treatment Market, By Treatment Type
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