Cerebral Palsy Treatment Market

The global cerebral palsy treatment industry was estimated at $3.16 billion in 2020, and is anticipated to hit $4.36 billion by 2030

PORTLAND, OR, UNITED STATES, April 21, 2023 /einpresswire.com / -- The cerebral palsy treatment market refers to the market for products and services used to manage and treat cerebral palsy, a group of neurological disorders that affect movement, coordination, and posture. Cerebral palsy is caused by damage to the brain during fetal development, childbirth, or early childhood, and there is no known cure for the condition.

According to the report, the global cerebral palsy treatment industry was estimated at $3.16 billion in 2020, and is anticipated to hit $4.36 billion by 2030, registering a CAGR of 3.3% from 2021 to 2030.

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However, various treatments are available to help manage the symptoms of cerebral palsy, such as physical therapy, occupational therapy, speech therapy, medications, and surgery. These treatments aim to improve motor function, reduce spasticity, and enhance quality of life for individuals with cerebral palsy.

Drivers, restraints, and opportunities-

Rise in incidences of cerebral palsy across the world and surge in investments by the key players drive the growth of the global cerebral palsy treatment market. On the other hand, several side-effects associated with drugs restrain the growth to some extent. However, initiatives taken by government bodies for regulatory approvals are expected to create lucrative opportunities in the industry.

What is the Impact of Covid-19 Pandemic on Cerebral Palsy Treatment Market Globally?

Patients suffering from cerebral palsy had to switch to tele-medicine during the lockdown as they couldn't visit the hospitals. This factor impacted the global cerebral palsy treatment market negatively, especially during the initial phase.

However, the market is anticipated to get back on track soon.

The anticonvulsants segment to dominate by 2030-

The anticonvulsants segment accounted for more than two-fifths of the global cerebral palsy treatment market share in 2020, and is anticipated to rule the roost by 2030. The same segment would also cite the fastest CAGR of 4.0% throughout the forecast period, due to increasing prevalence rate of cerebral palsy and rise in approval of anticonvulsant drugs from the U.S. Food and Drug Administration (FDA).

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The spastic cerebral palsy segment to maintain the dominant share-

The spastic cerebral palsy segment held more than three-fourths of the global cerebral palsy treatment market revenue in 2020, and is expected to lead the trail by 2030. The same segment would also manifest the fastest CAGR of 3.8% from 2020 to 2030. This is because the majority of cerebral palsy patients suffer from spastic cerebral palsy.

North America, garnered the major share in 2020-

North America accounted for the major share in 2020, generating more than one-third of the global cerebral palsy treatment market, due to significant rise in investments as well as partnerships & collaborations by the market players in the region. Asia-Pacific, however, would grow at the fastest CAGR of 4.5% by 2030. This is due to increase in number of initiatives along with enhanced investments for the overall R&D activities related to cerebral palsy treatment.

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Cerebral Palsy Treatment Market Key players

Pfizer Inc.
Teva Pharmaceuticals
Bayer AG
Johnson & Johnson
GlaxoSmithKline plc.
Novartis
AbbVie Inc.
Par Pharmaceutical
Allergan plc.
Merz Pharmaceuticals, LLC.
Lannett Company Inc.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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