Autism Spectrum Disorder Therapeutics Market 2023 Size, Share, Revenue Trends and Growth Drivers
The Autism Spectrum Disorder Therapeutics Market 2023 Size Forecast to 2030 research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.
The global autism spectrum disorder treatment market size was valued at USD 1.85 billion in 2021. The market is projected to grow from USD 1.93 billion in 2022 to USD 3.17 billion by 2029, exhibiting a CAGR of 7.4% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with autism spectrum disorder treatment experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global autism spectrum disorder therapeutics market had exhibited a rise of 8.6% in 2020 as compared to 2019. Autism Spectrum Disorder Treatment Market Size, Share & COVID-19 Impact Analysis, By Drug Therapy (Antipsychotic Drugs, Selective Serotonin Reuptake Inhibitors, Stimulants, Sleep Medications, and Others), By Disease (Autistic Disorder, Asperger Syndrome, Pervasive Developmental Disorder, and Others), By Age Group (Children and Adults), By Distribution Channel (Hospital Pharmacies, Drugs Stores & Retail Pharmacies, and Online Pharmacies) and Regional Forecast, 2022-2029
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Market Growth Drivers:
An increase in the prevalence of autism spectrum disorder (ASD) is positively impacting the growth of the market globally, which has led to increasing demand for clinical research for effective treatment. This can improve patient outcomes and greater accuracy for the treatment of these conditions. For instance, according to a compiled report on worldwide autism rates by Global Health Data Exchange, countries such as France and Portugal have the lowest autism rate of 0.69% and 0.71%, respectively. In contrast, most Middle Eastern countries like Qatar, United Arab Emirates, Oman, Bahrain, and Saudi Arabia have been reported to have the highest prevalence of the disease.
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Who are the Major Autism Spectrum Disorder Therapeutics Market Vendors?
- Curemark, LLC (Rye, U.S.)
- Alembic Pharmaceuticals Limited (Vadodara, India)
- Yamo Pharmaceuticals (New York, U.S.)
- PaxMedica (Woodcliff Lake, U.S.)
- F. Hoffmann-La Roche Ltd (Basel, Switzerland)
- Aurobindo Pharma Ltd. (Hyderabad, India)
- Otsuka Holdings Co. Ltd. (Tokyo, Japan)
- Janssen Pharmaceuticals, Inc. (Titusville, New Jersey)
- Teva Pharmaceutical Industries Ltd. (Tel Aviv, Israel)
- H. Lundbeck A/S (Copenhagen, Denmark)
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favourable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period [2022 – 2029].
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