In a recent market survey conducted by Future Market Insights (FMI), it has been revealed that the worldwide Spasticity Treatment Industry achieved an impressive valuation of $12.2 billion in 2022. The market is now poised for substantial growth, with projections indicating a remarkable rise to a staggering $28.4 billion by the year 2033. These findings reflect a promising trajectory for the global spasticity treatment industry, showcasing significant opportunities for both providers and patients alike.
Paediatric spasticity is a condition in which the muscles of a child are stiff or tight. It can be caused by a variety of factors, including cerebral palsy, brain injury, spinal cord injury, and genetic disorders. Spasticity can interfere with a child’s ability to move and function normally, and it can also lead to pain, contractures (muscle shortening), and other complications.
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Here are the key takeaways from the report “Paediatric Spasticity Treatment Industry by 2022 to 2032” by Future Market Insights:
- The global paediatric spasticity treatment market is expected to reach US$ 10.2 billion by 2032, growing at a CAGR of 10% from 2022 to 2032.
- The increasing prevalence of paediatric spasticity, rising awareness of treatment options, and growing demand for minimally invasive procedures are driving the market growth.
- North America is expected to remain the dominant market throughout the forecast period, followed by Europe and Asia Pacific.
- By drug type, the botulinum toxin segment is expected to account for the largest market share during the forecast period.
- By route of administration, the oral segment is expected to account for the largest market share during the forecast period.
- By distribution channel, the hospital pharmacies segment is expected to account for the largest market share during the forecast period.
Other Key Takeaways:
- The market is expected to witness significant growth in emerging economies, such as China, India, and Brazil, due to the rising prevalence of paediatric spasticity and increasing access to healthcare facilities in these countries.
- The increasing demand for personalized treatment plans is expected to drive the adoption of innovative therapies, such as gene therapy and cell therapy, in the coming years.
- The key players in the market are focusing on developing new and more effective treatment options, as well as expanding their geographical reach.
Overall, the paediatric spasticity treatment market is expected to grow significantly in the coming years, driven by the increasing prevalence of the condition, rising awareness of treatment options, and growing demand for minimally invasive procedures.
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Some of the key trends driving the growth of the paediatric spasticity treatment industry include:
- Rising prevalence of paediatric spasticity: The prevalence of paediatric spasticity is rising due to a number of factors, including the increasing number of children with cerebral palsy, traumatic brain injury, and spinal cord injury.
- Increasing awareness of treatment options: There is a growing awareness of the various treatment options available for paediatric spasticity. This is due to a number of factors, including educational campaigns by patient advocacy groups and healthcare professionals.
- Growing availability of new and innovative treatments: There are a number of new and innovative treatments for paediatric spasticity that are currently in development or have recently been approved by regulatory authorities. These treatments offer new hope for children with paediatric spasticity and their families.
The key players in the paediatric spasticity treatment industry include:
- Allergan plc
- Ipsen Biopharmaceuticals Inc.
- Almirall S.A
- Piramal Critical Care Inc.
- Genentech Inc
- Sanofi
- Saol Therapeutics
- US WorldMeds, LLC
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The paediatric spasticity treatment industry is segmented:
By Drug Type:
- Baclofen or Muscle Relaxants
- Botox
- Intrathecal Baclofen
- Clonazepam
- Diazepam
- Tizanidine
- Others
By Route of Administration:
- Oral
- Injectable
By Distribution Channel:
- Hospitals Pharmacies
- Drug Stores
- Retail Pharmacies
- Mail Order Pharmacies
By Region:
- North America
- Latin America
- Asia Pacific
- Europe
- MEA
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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