Overview and Scope
Cerebral palsy (CP) is an array of neurological illnesses that develop in infancy or early childhood and indefinitely impede bodily mobility and muscle coordination. Cerebral palsy treatment is used to control symptoms, decrease discomfort, optimize independence to live a long, healthy life, and target and cure specific symptoms.
Sizing and Forecast
The cerebral palsy treatment market size has grown steadily in recent years. It will grow from $3.33 billion in 2023 to $3.49 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to medical advancements, rehabilitation techniques, awareness campaigns, early intervention programs, surgical innovations.
The cerebral palsy treatment market size is expected to see steady growth in the next few years. It will grow to $4.05 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to personalized treatment approaches, regenerative medicine research, telemedicine expansion, healthcare policy support, family-centered care. Major trends in the forecast period include ocused neuroplasticity interventions, accessible therapies and services, advancements in assistive technologies, lifespan care planning, interdisciplinary care teams.
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Segmentation & Regional Insights
The cerebral palsy treatment market covered in this report is segmented –
1) By Treatment: Surgery Therapy, Medication
2) By Drug Type: Anticholinergics, Anticonvulsants, Antidepressants, Other Drugs
3) By Disease Type: Spastic Cerebral Palsy, Dyskinetic Cerebral Palsy, Ataxic Cerebral Palsy, Mixed Cerebral Palsy
4) By Distribution Channel: Hospital Pharmacies, Retail stores And Pharmacy, Online Providers
North America was the largest region in the cerebral palsy treatment market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cerebral palsy treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing prevalence of cerebral palsy is expected to propel the growth of the cerebral palsy (CP) treatment market going forward. Cerebral palsy (CP) is a group of neurological diseases that develop in infancy or shortly thereafter and permanently impair body mobility and muscle control. Diagnosing new cases of cerebral palsy encourages the development of new treatment approaches and therapies. For instance, in April 2022, according to the data published by Cerebral Palsy Guidance, a US-based organization that provides information, resources, and support for individuals affected by cerebral palsy, approximately 10,000 newborns were born with cerebral palsy each year. Further, in the United States, about 764,000 people (including children and adults) have at least one sign of cerebral palsy. Therefore, an increasing prevalence of cerebral palsy propels the growth of the cerebral palsy treatment market.
Key Industry Players
Major companies operating in the cerebral palsy treatment market report are Pfizer Inc., Merck & Co. Inc., AbbVie Inc., Novartis AG, Bristol-Myers Squibb Company, AstraZeneca PLC, Medtronic PLC, Eli Lilly and Co Ltd., Stryker Corporation, Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries Ltd., Boston Scientific Corporation, Astellas Pharma Inc., UCB SA, Sun Pharmaceutical Industries Limited, Jazz Pharmaceuticals Inc., Ipsen S.A., Hikma Pharmaceuticals PLC, Ferring Pharmaceuticals Private Limited, Mallinckrodt plc, Glenmark Pharmaceuticals Ltd., Lupin Limited, Merz Pharmaceuticals LLC, Torrent Pharmaceuticals Ltd., Almirall S.A., Wockhardt Ltd., Bioness Inc., Motek Medical B.V., Myomo Inc., ReWalk Robotics Ltd.
The cerebral palsy treatment market report table of contents includes:
1. Executive Summary
2. Cerebral Palsy Treatment Market Characteristics
3. Cerebral Palsy Treatment Market Trends And Strategies
4. Cerebral Palsy Treatment Market – Macro Economic Scenario
5. Global Cerebral Palsy Treatment Market Size and Growth
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32. Global Cerebral Palsy Treatment Market Competitive Benchmarking
33. Global Cerebral Palsy Treatment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cerebral Palsy Treatment Market
35. Cerebral Palsy Treatment Market Future Outlook and Potential Analysis
36. Appendix
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