The Cerebral Palsy Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cerebral Palsy Treatment Global Market Report 2024, 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.
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.
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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
Rising technological penetration is a key trend gaining popularity in the cerebral palsy treatment market. Major companies operating in the cerebral palsy treatment market are adopting innovative technologies to sustain their position in the market. For instance, in May 2022, Myolyn, a US-based medical device company specializing in functional electrical stimulation and rehabilitation technology, received US Food and Drug Administration (FDA) approval for the second version of its flagship product, MyoCycle, an innovative stationary exercise bike that utilizes functional electrical stimulation (FES) technology. It enables individuals with muscle weakness or paralysis, including spinal cord injury, stroke, Parkinson’s disease, and cerebral palsy, to improve their health and muscle activation. It is a beneficial tool for anyone facing challenges in activating their muscles.
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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26. South America Cerebral Palsy Treatment Market
27. Brazil Cerebral Palsy Treatment Market
28. Middle East Cerebral Palsy Treatment Market
29. Africa Cerebral Palsy Treatment Market
30. Cerebral Palsy Treatment Market Competitive Landscape And Company Profiles
Top Major Players:
- Pfizer Inc
- Merck & Co. Inc
- AbbVie Inc
- Novartis AG
- Bristol-Myers Squibb Company
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