Autism Spectrum Disorder Diagnostics Market Demand, Share And Overview 2024-2033

"The Business Research Company recently released a comprehensive report on the Global Autism Spectrum Disorder Diagnostics Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The autism spectrum disorder diagnosis market size has grown strongly in recent years. It will grow from $25.54 billion in 2023 to $27.39 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increasing ASD awareness and recognition, diagnostic criteria expansion, advancements in diagnostic tools, healthcare system improvements, public health campaigns.

The autism spectrum disorder diagnosis market size is expected to see strong growth in the next few years. It will grow to $36.35 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increasing prevalence of autism spectrum disorder, growing awareness and early screening programs, focus on precision medicine and biomarkers, focus on precision medicine and biomarkers. Major trends in the forecast period include ongoing development of innovative technologies, increasing focus on adult diagnosis, increasing demand for point-of-care testing, integration of artificial intelligence (AI) and machine learning, increase in research activities.

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Market Drivers and Trends:

The growth in specialized diagnostic centers is expected to propel the growth of the autism spectrum disorders diagnostic market going forward. An autism-specialized diagnostic center is a facility staffed with healthcare professionals, psychologists, and specialists who conduct comprehensive evaluations and assessments to diagnose autism spectrum disorder. The growth in specialized diagnostic centers is due to diagnostic advancements, demand for comprehensive care, professional training, research, and recognition of autism as a public health priority. Specialized diagnostic centers play a pivotal role in improving diagnostic accuracy, facilitating early intervention, and enhancing outcomes for individuals with ASD by providing specialized expertise, advanced diagnostic tools, comprehensive assessments, tailored treatment plans, family support, and opportunities for research collaboration. For instance, according to Autism Speaks, a US-based non-profit autism awareness organization, the number of autism care network sites increased from 20 to 25 between 2021 and 2022 across North America. Therefore, growth in specialized diagnostic centers is driving the growth of the autism spectrum disorders diagnostic market.

Major companies operating in the autism spectrum disorder diagnostics market are developing AI-powered platforms to enable earlier and more accurate diagnoses of autism spectrum disorder. AI-powered platforms aid in autism spectrum disorder (ASD) diagnostics by analyzing behavioral patterns, genetic data, and neuroimaging results to enhance early detection, personalized risk assessment, and decision support for clinicians. For instance, in June 2021, Cognoa Inc., a US-based technology company focused on pediatric behavioral health, digital diagnostic, and therapeutic solutions, received FDA approval for its artificial intelligence (AI)-based autism diagnosis aid, Canvas Dx. Canvas Dx platforms aim to improve diagnostic accuracy, personalize treatment plans, and enhance patient outcomes through advanced analytics and data-driven insights.

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Major Key Players of the Market:

F. Hoffmann-La Roche AG, Merck & Co. Inc., AbbVie Inc., Bristol Myers Squibb Company, Thermo Fisher Scientific Inc., Abbott Laboratories, Novartis AG, Siemens Healthineers, Quest Diagnostics Incorporated, Agilent Technologies Inc., Otsuka Pharmaceutical Co. Ltd., ARUP Laboratories, Invitae Corporation, Ambry Genetics, Cortica Inc., GeneDx, Cognoa Inc., Axial Therapeutics Inc., Curemark, EarliTec Diagnostics Inc., Yamo Pharmaceuticals

Autism Spectrum Disorder Diagnostics Market 2024 Key Insights:

• The autism spectrum disorder diagnosis market size is expected to see strong growth in the next few years. It will grow to $36.35 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
• Growth In Specialized Diagnostic Centers Drives Expansion Of Autism Spectrum Disorders Diagnostic Market
• Innovative Technologies And Tools Enhance Early Detection And Diagnosis
• Asia-Pacific was the largest region in the autism spectrum disorder diagnostics market in 2023

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