Cerebral Palsy Market Trend- Growing Awareness About Medication and Treatment for Cerebral Palsy
Rising prevalence of cerebral palsy across the globe, increasing healthcare spending, and rising investments in R&D activities are some key factors expected to drive global Cerebral Palsy market growth.
Cerebral palsy is a group of disorders that affects an individual’s ability to move and maintain accurate posture and balance. It is one of the most common motor disabilities among children. Some of the common symptoms associated with cerebral palsy are physical impairment, seizures, vision or hearing impairment along with intellectual impairment. Many hospitals, specialty hospitals, and clinics are adopting advanced and novel treatments and drugs to cater to rising cases of cerebral palsy.
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Factors such as growing demand for medications to control or reduce the symptoms of cerebral palsy, rapid advancements in medications and therapies, rising availability of advanced therapies such as physical therapies, recreational therapies, speech and language therapies, and occupational therapies are expected to drive global market growth during the forecast period. In addition, ongoing research on cerebral palsy drugs, improving healthcare infrastructure, and rising healthcare expenditure are expected to fuel global market growth.
However, high cost of treatment, lack of well-developed infrastructure, and low awareness about cerebral palsy treatment in many developing countries are some key factors that can hamper overall market growth during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Anti-Convulsants Segment To Register Rapid Revenue CAGR:
The anti-convulsants segment is expected to register rapid revenue CAGR over the forecast period owing to rising prevalence of types of cerebral palsy, increasing approval of anticonvulsant drugs, and rapid adoption of various anti-convulsants across hospitals and ambulatory care centers.
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Hospitals Segment to Account for Largest Revenue Share:
The hospital segment is expected to account for largest revenue share between 2020 and 2027 owing to large patient pool, improving healthcare infrastructure, rapid adoption of advanced cerebral palsy treatment, and favorable health insurance schemes.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market during the forecast period owing to factors such as rising prevalence of cerebral palsy across the region, availability of advanced treatment and medications, and high disposable income. Other factors such as increasing research and development activities, rising healthcare expenditure, and high awareness about early diagnosis and treatment are expected to drive North America market growth during the forecast period.
Major Companies in the Market Include:
- GlaxoSmithKline plc.
- Pfizer Inc.
- Abbott Laboratories
- GW Pharmaceuticals
- Acroda Therapeutics
- Cell Cure Neurosciences
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For the purpose of this report, Emergen Research has segmented to global cerebral palsy treatment market based on type, treatment type, drug type, end user and region:
Type Outlook (Revenue, USD Billion; 2017–2027)
- Dyskinetic Cerebral Palsy
- Ataxic Cerebral Palsy
- Spastic Cerebral Palsy
- Mixed Cerebral Palsy
Treatment Type Outlook (Revenue, USD Billion; 2017–2027)
- Surgery Therapy
- Nutrition Therapy
Drug Type Outlook (Revenue, USD Billion; 2017–2027)
- Anti-Cholinergic Drugs
- Anti-Spastic Drugs
End Users Outlook (Revenue, USD Billion; 2017–2027)
Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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