The global Autism Spectrum Disorder Management Market is anticipated to create lucrative growth opportunities over the forecast period by registering a moderate-paced CAGR of 5.3% from 2022 to 2032. The global market is predicted to secure a valuation of US$ 2,063.0 million in 2022 and is expected to grow at a value of US$ 3,630.0 million by 2032. According to Future Market Insights’ historical analysis, the global autism spectrum disorder management market registered a CAGR of 4.5%.
Autism spectrum disorder can be defined as a neurodevelopment disorder or disability that is caused by rare or common inherited genetic variations, which is fueling the adoption of autism spectrum disorder management lately. Furthermore, patients suffering from autism spectrum disorder symptoms face difficulties in social interaction, daily activities, communication, and non-verbal interactions. Millions of people globally are being affected by Autistic Disorder, Asperger Syndrome, and Pervasive
There are a number of disorders and other factors attributing to invest to the market’s growth prospects, thereby bolstering a significant growth of the autism spectrum disorder management market during the forecast period.
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Key Takeaways
- It has been revealed by the experts of Future Market Insights that the autism spectrum disorder management market is likely to have staggering growth and a number of factors are contributing to this rapid expansion of the market.
- The surging prevalence of autism spectrum disorder or ASD globally, coupled with rising awareness about the condition and the available options for various treatment types of different diseases is the key factor expected to drive the autism spectrum disorder management market.
- The dominant players in the global autism spectrum disorder management market are actively focusing on taking research and development initiatives for the launch of effective drugs to manage autistic disorders and are expected to fuel market growth.
- Private and government funding is developing the infrastructure for autism spectrum disorder management. It is identified that there is a rise in the number of organizations overcoming communication problems and social challenges. NGO activities are anticipated to rise for making parents aware of the disorders, which will boost the growth of the market.
- Although there are various growth factors propelling the market growth, it is identified that some of the aspects are likely to inhibit the expansion of the market size of autism spectrum disorder management.
- Over the years, it has been witnessed that the treatment of autism spectrum disorder required a high cost of treatment and diagnosis, which is expected to hinder the growth of the market. This can result in restraining the growth of the market over the upcoming years.
- In addition, it has been observed that currently, no drug can cure autism spectrum disorder or any of its associated core symptoms despite the increase in the need for effective clinical and drug trials for ASD.
- It is witnessed that there are fundamental weaknesses in the methods, conceptual models in clinical translation research, and knowledge gaps, which will curb the growth in the coming years.
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Competitive Landscape
The key players in the market are making efforts and continually indulging in joint ventures, collaboration & mergers amongst themselves to launch novel products for the treatment of autism by research institutes, and cost-effective treatment for the end-users.
Key Players:
- Curemark, LLC (Rye, U.S.)
- Alembic Pharmaceuticals Limited (Vadodara, India)
- Yamo Pharmaceuticals (New York, U.S.)
- PaxMedica (Woodcliff Lake, U.S.)
- 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)
- Lundbeck A/S (Copenhagen, Denmark)
Key Segments in The Autism Spectrum Disorder Management Market
By Product Type:
- Autistic Disorder
- Asperger Syndrome
- PDD-NOS
- Other Pervasive Developmental Disorders
By Treatment:
- Behavioural Approaches
- Early Intervention
- Medication
- Others
By End-User:
- Hospitals
- Education Counsellor Center
- Others
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