Autism Disorder Treatment Market - Trends, Outlook, and Opportunity Analysis,
Posted by Rajkumar on May 6th, 2019
Autism, scientifically referred as autism spectrum disorder (ASD) is a range of complex neurological disorders that is characterized by symptoms including challenges with social skills, repetitive behaviors, as well as issues with speech and non-verbal communication. These symptoms can vary from patient to patient suffering from the disease and thus, is known as autism spectrum disorder. The most obvious signs of autism tend to appear in an individual between 2-3 years of age. In certain cases, the disease can be diagnosed as early as 18 months. The cause of autism is yet unknown, however, researchers claim that both environmental factors and genetic changes play a pivotal role in incidence of the disorder. According to the U.S. National Library of Medicine, there is no standard treatment currently available for treatment of autism spectrum disorder, however, various therapies to increase the child’s ability to grow and learn new skills are available that include communication therapies, skill training as well as therapeutic medicines to control the symptoms of the disorder. Autism can be diagnosed usually by a multi-disciplinary diagnostic team that often include a speech and language therapist, a psychiatrist or psychologist, and a pediatrician.
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Increasing incidence of mental health illness and neurological disorders is expected to propel growth of the autism disorder treatment market. According to the National Autistic Society 2016, around 700,000 people suffered from autism spectrum disorder in the U.K. which accounts for 1 in every 100 people suffering from the mental condition. On a global scale, ASD affects 1 per 160 children, according to the epidemiological data stated by the World Health Organization (WHO), in April 2017. The WHO also suggests that based on the epidemiological studies conducted over past 50 years, the rate of incidence of autism has witnessed an increase, globally.
Another factor leading to growth of the autism disorder treatment market is increasing initiatives undertaken by governments as well as non-governmental organizations for treatment of Autism and promote the available treatment options for increasing life expectancy and quality life of the patients. For instance, in May 2014, a resolution was adopted at the 67th World Health Assembly entitled “Comprehensive and Coordinated Efforts for the Management of Autism Spectrum Disorders (ASD)” that was supported by over 60 countries across the globe, to strengthen their national capacities to address autism spectrum disorder. Several other factors supporting growth of the autism disorder treatment market includes development of new medicines, growing research and development activities, increasing awareness about early identification of disease, and others. However, stringent regulations and continuous watch employed by governing authorities for product approval and marketing of medicines can act as potential hindrance for growth of autism disorder treatment market. For instance, in May 2017, the U.S. Food and Drug Administration (FDA) shut down operations of Louisiana-based Pick and Pay Inc. /Cili Minerals, a manufacturer of drug and dietary supplements after finding that the company was falsely marketing products to being able to treat autism.
On the basis of region, the global autism disorder treatment market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds the dominant position in the global autism disorder treatment market, owing to increasing product development by key players in the region, rising number of autistic patients as well as increasing government initiatives for treatment of the disease. According to Centers of Disease Control & Prevention’s (CDC) Autism and Developmental Disabilities Monitoring (ADDM) Network 2014, around 1 in 59 children were identified with autism spectrum disorder (ASD), and was reported to be four times more common among boys than girls. Moreover, according to Talk About Curing Autism (TACA), a U.S.-based non-profit organization dedicated to supporting patients with autism, the disease is the fastest growing developmental disability in the U.S. that cost over US$ 238 billion per year to the nation in 2016.
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Key players operating in the global autism disorder treatment market include Janssen Pharmaceuticals, Inc., Actavis, Inc., Curemark LLC, Pediatric Bioscience, Inc., Novartis AG, Teva Pharmaceuticals Industries Ltd, Mylan NV, Pfizer, Inc., Bristol Myers Squibb, Par Sterile Products LLC, F. Hoffman La Roche, and others. Major players are focusing on extensive research and development to receive product approvals from the FDA and introducing new drugs to the market. For instance, in January 2018, Switzerland-based drug maker, Roche, received U.S. FDA grant for its breakthrough therapy, Balovaptan, for treatment of autism spectrum disorder.
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About the AuthorRajkumar
Joined: February 13th, 2019
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