Autism Disorder and Treatment Market – Overview
Increasing mutations of genetic and environmental influences are fuelling the detection of autism cases. Market reports associated with the healthcare sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is anticipated to expand with a CAGR of 4.37% over the forecast period.
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Factors responsible for market growth are enlargement of diagnostic criteria, improved diagnostic tools, better awareness and improved reporting. Environmental and genetic factors are also increasingly attributed with the rise of the cases globally. The market’s growth is expected to be buoyed by the likely approvals of many off-label treatments in the upcoming years.
Competitive Analysis:
The core success factors and competitors’ inclinations are progressively inclined to the strategies being used by market companies. The external factors are determining the market’s course which is dependent on the practices and the strategic roadmaps that are used by the market players. The pioneering innovations in products and services are the chief factor contributing to the market’s success and influencing the trends that have gained importance in the market. The availability of a proficient labor force along with resources is increasing the overall market development. The market is relatively well defined in terms of its volume and value.
The dominant players in the market comprise of Eli Lilly and Company, Pfizer Inc., Allergan, Teva Pharmaceutical Industries Ltd., Merck & CO Inc., Novartis AG, Intra-Cellular Therapies Inc., Bristol-Myers Squibb, Otsuka Holdings Co., Ltd., Coronis Partners Ltd., Consern Pharma Private Limited, Curemark LLC, Johnson & Johnson Services, Inc, Heptares Therapeutics Limited, Saniona AB, and few others.
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Segmental Analysis:
The market for autism disorder and treatment is segmented by treatment type, type, and drugs. By treatment type, it is segmented into ABA (applied behavioral analysis), hyperbaric oxygen therapy, chelation therapy, oxytocin therapy, and others. By type, the market is segmented into Pervasive Developmental Disorder, Asperger Syndrome, and others. By drug, it is segmented into anti-convulsant, SSRIs, anti-psychotic stimulants. Anti-psychotics are further segmented into Risperidone and Abilify (aripiprazole).
Industry Updates:
Aug 2018 Epidiolex which has been approved by The U.S. Drug Enforcement Agency for the first time. It is a compound that is derived from marijuana to treat certain types of epilepsy which may spell good news for autism research. The amendment in the classification of marijuana compounds to Schedule 1 drugs would ease the path for researchers investigating whether marijuana can alleviate autism traits.
Detailed Regional Analysis:
The autism disorder & treatment market consists of regions such as Europe, Americas, Asia Pacific, the Middle East and Africa, with Americas controlling the major market share trailed by the European region. In the Americas, the North American region is responsible for the major market due to the growing detection of autism cases in this region. Besides, the approval and likely introduction of the atypical anti-psychotic such as Namenda and Latuda is anticipated to generate amplified sales in the U.S. post-approval. The Asia Pacific is anticipated to be the fastest rising market while the Middle East & Africa are displaying stable growth during the forecast period.
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