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"Overview of autistic disorder and treatment market"
The Autistic disorder and treatment market registered USD 2.4 Billion in 2019 and it is estimated to reach more than USD 3.5 Billion by 2024, likely to grow with a CAGR of 4.5 % during the forecast period.
Autism disorder or autism spectrum is a neurological condition. The autism spectrum affects the growth and development of the brain which persists permanently. Nearly all kids with autistic disorder fall under age-group ranging from 2 to 3 years and show particular symptoms that can be identified at the early age of eighteen months.
The growing research and development activities accompanied by disbursements by the foremost pharmaceutical corporations are the key factors that are driving the autistic disorder and treatment market.
In spite of various advances in the fields of medical disciplines and technology, the medication for the autistic disorder is still under improvement. Owing to the significant rate of cases that are perceived by the populace group that the cure could be focused on is huge. Furthermore, the demand levels can be categorized as high for the autistic disorder related cure processes and medicines. The enormous level of demand for this specific division has encouraged action from government organizations by way of initiatives to develop treatment procedures for the autistic disorder.
The developing counties are likely to assist more development opportunities in the forecast timeframe owing to the increasing occurrence of autistic disorder, thereby, fueling the autistic disorder and treatment market. Additionally, private organizations have also financed profoundly in the treatment approaches for discovering potential medications for autistic disorder through founding several grants. Augmented qualities of research studies and consciousness initiatives by patients and noticeable public personalities have generated more traction for autistic disorder and treatment market.
However, the autistic disorder and treatment market might find itself constrained attributable to the absence of appropriate diagnostics to perceive the disorder, sluggish speed of research and development as compared to the number of cases being revealed.
Autistic Disorder Segment to observe Growth as a result of the increasing Prevalence of the Disease
In terms of type, the autistic disorder treatment market is segmented into Asperger syndrome, autistic disorder, pervasive development disorder, and others. Out of these, the autistic disorder segment acquired the highest autistic disorder treatment market share in the year 2018. It is expected to witness substantial growth in the coming years. This rise in the market share of the autistic disorder segment is attributed to the growing occurrences of this disorder.
Internationally North America is the biggest market for Autistic disorder and Treatment, Accounting for 34.23% share in 2019
The international autistic disorder and treatment market is divided into five major geographic regions particularly North America, Europe, Asia-Pacific, South America and the Middle East and Africa. The North American market for Autistic disorder and Treatment is anticipated to rise at a remarkable CAGR% and is anticipated to attain Million-dollar growth by the end of the forecasted period. Besides, favorable compensation policies and the presence of well-equipped autistic disorder treatment centers enhancing the convenience of children with autism disorder are likely to grow the autistic disorder and treatment market in North America. This is particularly due to growing technology in the healthcare industry which is resulting in presenting new high-quality medications for treatments of patients.
Europe is the second-largest market for Autistic disorder and Treatment which is anticipated to grow at an optimistic CAGR of 3.8%
The European region is also showing a rise in the autistic disorder and treatment market, as local authorities are providing funds for the education and other medication support, Attributed to the increasing awareness about different treatment methods for autistic disorder.
Whereas the Asia Pacific is predicted to be a rising market for Autistic disorder and Treatment market and predicted to develop at a speedy rate, Owing to the rising prevalence of autistic disorder in Indian and Chinese populace. This is ultimately boosting the demand for efficient medication and treatment for the autistic disorder, thereby, enforcing the regional autistic disorder and treatment market
Various prominent market players have begun financing enormous funds in the research and development of superior and effectual medicines for the treatment of autistic disorder. This will contribute to the international autistic disorder and treatment market growth in the forecast timeframe.
Some of the key market players in autistic disorder and treatment market are as follows: Exelon Corporation, Celgene Corporation, GlaxoSmithKline Plc, ALLERGAN, Johnson & Johnson Services, Inc., Merck & Co., Inc. and Novartis AG.
Global Autism Disorder and Treatment Market – Segments
The international Autism disorder and Treatment market have been segmented on the basis of types, treatment types, drugs, and regions as follows:
Global Autism Disorder and Treatment by Types:
- Autistic Disorder
- Asperger Syndrome
- Pervasive Developmental Disorder
Global Autism Disorder and Treatment by Type of Treatment:
- Auditory Integration Training
- Chelation Therapy
- Hyperbaric Oxygen Therapy
- Facilitated Communication
Global Autism Disorder and Treatment by Drugs:
- Stimulants – Ritalin
Global Autism Disorder and Treatment by Region:
- North America
- Asia Pacific
- Middle East & Africa
- South America