Global Autism Disorder Treatment Market Analysis
Overview
Autism, often known as autism spectrum disorder (ASD), is a group of complicated neurological diseases marked by difficulties with social skills, repetitive activities, and spoken and nonverbal communication. As a result, autism spectrum disorder is named after the symptoms that vary from patient to patient who suffers from the condition. The most prominent indications of autism usually develop between the ages of two and three years. The illness can be detected as early as 18 months in some circumstances. Although the etiology of autism is unknown, experts believe that environmental variables and genetic alterations play a significant influence in the disorder’s occurrence. A multidisciplinary medical team, which generally includes a speech and language pathologist, a psychiatrist or psychologist, and a pediatrician, can diagnose autism.
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Drivers
The autism disorder treatment market is anticipated to expand in response to rising rates of mental diseases and neurological illnesses. According to the National Autistic Society, about 700,000 individuals in the U.K. were diagnosed with autism spectrum disorder in 2016, accounting for one out of every 100 people. According to epidemiological statistics released by the World Health Organization (WHO) in April 2017, ASD affects one out of every 160 children worldwide. The WHO also claims that, based on epidemiological research done over the last 50 years, the global rate of autism prevalence has risen.
Another factor driving the autism disorder treatment market is the rising number of activities done by authorities and non-governmental organizations to treat autism and advertise available treatment choices in order to improve patients’ life quality of life.
Emergence of new medications, increased research and development efforts, increased knowledge about early illness detection, and other reasons are all contributing to the growth of the global autism disorder treatment market.
Restraints
Stringent restrictions and constant monitoring by regulatory agencies for approvals and marketing of medications, on the other hand, may function as a possible impediment to the expansion of the global autism disorder treatment market.
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Regional Analysis
Due to increased product innovation by important companies in the area, expanding numbers of autistic patients, and increased government initiatives for autism therapy, North America dominates the global autism disorder treatment market. Autism is the fast-growing developmental condition in the U.S., according to Talk About Curing Autism (TACA), a non-profit organization committed to assisting individuals with autism. In 2016, the disorder cost the country over US$ 238 billion.
Moreover, in the coming years, Asia Pacific is projected to gain considerable momentum in the global autism disorder treatment market. This is due to a joint effort by different government agencies and non-profit groups to help in the treatment of the condition by raising awareness and providing medications and therapies to sufferers. The National Center for Autism Action is taking action to help people with autism. India pioneered the autism movement in India and South Asia by executing the “Global Giving Program” called Ananda and a variety of other efforts aimed at empowering patients with autism.
Competitive Landscape
Major companies contributing in the global autism disorder treatment market are Teva Pharmaceuticals Industries Ltd, Pediatric Bioscience, Inc., Curemark LLC, Actavis, Inc., Par Sterile Products LLC, Janssen Pharmaceuticals, Inc., F. Hoffman La Roche, Bristol Myers Squibb, Pfizer, Inc., Novartis AG, and Mylan NV.
Major businesses are concentrating their efforts on significant research and development in order to gain FDA clearance and bring new medications to market. Roche, a Swiss pharmaceutical company, won a U.S. FDA grant in January 2018 for its breakthrough medication, Balovaptan, for the treatment of autism spectrum condition.
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