Press release
Cerebral Palsy Treatment Market Outlook 2024: Exclusive Report By The Business Research Company
Cerebral Palsy Treatment Market
The Business Research Company offers in-depth market insights through Cerebral Palsy Treatment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth 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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Market Segmentation:
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
Major Driver - The Increasing Prevalence Of Cerebral Palsy
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.
Competitive Landscape:
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.
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Top Trend - Technological Advancements Transforming The Landscape Of Cerebral Palsy Treatment
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 Table Of Content For The Market Report Include:
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. Cerebral Palsy Treatment Market Size And Growth
…..
27. Cerebral Palsy Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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