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Tourette Syndrome Treatment Market Trends, Top Companies, Share, Growth And Forecast 2033
Tourette Syndrome Treatment Market
As per the report, the tourette syndrome treatment market size has grown strongly in recent years. It will grow from $2.23 billion in 2023 to $2.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The tourette syndrome treatment market size is expected to see strong growth in the next few years. It will grow to $3.04 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
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Healthcare Expenditure's Influence On Tourette Syndrome Treatment Market Growth
The increase in healthcare expenditure is expected to propel the growth of the tourette syndrome treatment market going forward. Healthcare expenditure refers to the total amount of money spent on healthcare goods and services, including medical treatments, medications, hospitalizations, and preventive care, within a specified period, reflecting the overall cost of healthcare provision within a population. Healthcare expenditure is rising due to the increasing cost of advanced medical technologies, aging populations, and the prevalence of chronic diseases. Healthcare expenditure in Tourette syndrome treatment is utilized for developing advanced diagnostic tools, medications, and behavioral therapies. It also supports ongoing research, patient education, and access to specialized care services. For instance, in January 2024, according to the National Institutes of Health, a US-based government agency, healthcare expenditure in the US rose by 4.1% in 2022 to reach $4.5 trillion, representing a faster growth rate compared to the 3.2% increase observed in 2021. Therefore, the increase in healthcare expenditure is driving the growth of the tourette syndrome treatment market.
Innovative Neuromodulation Devices For Tourette Syndrome Treatment
Major companies operating in the tourette syndrome treatment market are focused on developing technologically advanced products, such as wearable neuromodulation devices, to gain a competitive edge in the market. A wearable neuromodulation device is a portable electronic device designed to deliver targeted electrical or magnetic stimulation to specific nerves or brain regions to modulate neural activity. It is often used to treat neurological disorders, manage pain, or enhance cognitive functions. For instance, in August 2021, Neurotherapeutics Solutions Ltd., a UK-based medical device company, launched a wearable neuromodulation device designed to help control the symptoms of tourette's syndrome. This stimulation is designed to entrain rhythmic electrical brain activity associated with the suppression of movements, ultimately reducing tic frequency, tic intensity, and the urge-to-tic in individuals with tourette syndrome.
The tourette syndrome treatment market covered in this report is segmented -
1) By Drug Class: Antiadrenergic Agents, Antipsychotic Agents, Atypical Antipsychotic Agents, Carbonic Anhydrase Inhibitor Anticonvulsants, Other Drug Classes
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
3) By Application: Children, Adult
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Major companies operating in the tourette syndrome treatment market are F Hoffmann-La Roche AG, AbbVie Inc., Bayer AG, Sanofi S.A., Bristol-Myers Squibb, AstraZeneca PLC, Novartis International AG, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Viatris Inc., Otsuka Pharmaceutical Co. Ltd., Biogen Inc., Eisai Co. Ltd., Jazz Pharmaceuticals plc, Mitsubishi Tanabe Pharma Corporation, Kyowa Kirin Co. Ltd., Amneal Pharmaceuticals, Mallinckrodt Pharmaceuticals, Neurocrine Biosciences, Sunovion Pharmaceuticals Inc., Supernus Pharmaceuticals, Lundbeck AS, Voyager Therapeutics Inc., NeuroSigma Inc.
Contents of the report:
1. Executive Summary
2. Tourette Syndrome Treatment Market Report Structure
3. Tourette Syndrome Treatment Market Trends And Strategies
4. Tourette Syndrome Treatment Market - Macro Economic Scenario
5. Tourette Syndrome Treatment Market Size And Growth
…..
27. Tourette Syndrome Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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