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Cervical Dystonia Treatment Market is to grow at a 6.7 % CAGR, with the United States leading the market through 2030
Cervical Dystonia Treatment Market
The Cervical Dystonia Treatment Market was USD 518.34 Mn in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 6.7 % from 2023 to 2030, reaching USD 816.15 Mn by 2030. The number of people receiving cervical dystonia diagnoses and treatments is rising as the general public and medical professionals become more knowledgeable about the disorder. The illness has a major negative influence on quality of life since it causes pain, discomfort, and makes everyday tasks difficult. In 2022, the market for cervical dystonia in the United States was estimated to be worth USD 222.2 million. The number of people in their senior years is expected to increase to 22% by 2040 and 25% by 2060, which might lead to a rise in the need for therapy.
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Cervical Dystonia Treatment Market Segmentation
By Treatment Use: Injections of botulinum toxin, or Botox, are the most popular and extensively used therapy for cervical dystonia. The market share of oral medicines is lower than that of botulinum toxin. DBS has gained traction in the treatment of diseases like Parkinson's disease and dystonia. Physical therapy has a lesser market share as compared to other segments.
By End Use: The availability of sophisticated diagnostic techniques and knowledge of movement disorders has led to an increase in the demand for hospital-based therapies. Clinics and rehabilitation facilities account for a significant share of the market since they provide a less intrusive and more affordable alternative. Elderly population's preference for at-home care to reduce hospital stays is also a significant driver.
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Cervical Dystonia Treatment Market Regional Analysis
North America holds the most market share for treatments of cervical dystonia. . According to estimates, there are around 60,000 instances of cervical dystonia in the United States, with 5-30 incidences per 100,000 persons. Botox's status as the most popular treatment for cervical dystonia was solidified in 2000 when the FDA approved it for use in the United States.
Europe has a large portion of the worldwide market for cervical dystonia treatments. Countries like Germany, France, the United Kingdom, Italy, and Spain have driven the market size of the market in Europe. There are extensive public healthcare systems in several European nations, particularly in Western Europe. Germany, France, and the UK adept at providing specialized treatments.
The APAC, Cervical dystonia has gained more attention in nations like Australia, South Korea, and Japan. The medical tourism industry has grown significantly in the APAC area, especially in nations like Thailand, Singapore, and India.
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Cervical Dystonia Treatment Market Competitive Landscape
Allergan plc: Irish pharmaceutical business Actavis plc acquired American company Allergan, Inc. for approximately $70.5 billion. For almost $2.1 billion, Allergan acquired Kythera Biopharmaceuticals, a company that specialized in cosmetic procedures.
Ipsen Pharma: In 2023, Albireo Pharma was successfully acquired by Ipsen for $952 million. And Ipsen acquired Clementia Pharmaceuticals. Also in 2023, Ipsen completed its acquisition of Albireo Pharma,
Merz Pharma GmbH & Co. KGaA: Merz acquired Denfleet Pharma Ltd., a pharmaceutical firm established in the United Kingdom. Neocutis S.A., a Swiss dermatological firm, was also acquired by Merz. The rights to INBRIJA were acquired by Merz Therapeutics, a branch of Merz Pharma.
Conclusion
The market for cervical dystonia treatments is growing thanks to the creation of novel therapies, more healthcare spending, and the ongoing growth of the pharmaceutical industry.
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