According to a new report, published by KBV research, The Global Autism Spectrum Disorder Treatment Market size is expected to reach $3.0 billion by 2030, rising at a market growth of 6.2% CAGR during the forecast period.
The Antipsychotic Drugs segment is experiencing a CAGR of 6% during (2023 - 2030). Antipsychotic medications, which are the safest and most efficient treatments for ASD patients, are responsible for the development of this market segment. The only drugs that the U.S. FDA has currently licensed to treat irritability in kids with autism spectrum conditions are Risperdal and Abilify. Due to their superior efficacy, safety, and tolerability compared to other medications, both medications are primarily utilized by ASD patients.
The Autistic Disorder segment is leading the Global Autism Spectrum Disorder Treatment Market, by Application in 2022; thereby, achieving a market value of $1.4 Billion by 2030. Individuals with autistic disorder often have difficulties with social interaction. They may struggle to understand social cues, form, and maintain friendships, and engage in reciprocal social communication. Some individuals with autistic disorder may exhibit ritualistic behaviors or adherence to strict routines. Changes in routines or environments may cause distress or anxiety.
The Hospital Pharmacy segment is showcasing a CAGR of 6.4% during (2023 - 2030). Some ASD medications may be less commonly prescribed or require special handling. Hospital pharmacies are more likely to stock and have experience with these specialized medications, ensuring patients have access to the right drugs. Some hospital pharmacies may have access to clinical trials and research studies related to ASD medications. Patients may have opportunities to participate in these trials, potentially gaining access to cutting-edge treatments.
The North America region dominated the Global Autism Spectrum Disorder Treatment Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.2 Billion by 2030. The Europe region is estimated to grow at a CAGR of 6% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 7.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/autism-spectrum-disorder-treatment-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of F. Hoffmann-La Roche Ltd., Bristol Myers Squibb Company, Merck & Co., Inc., Novartis AG, Eli Lilly and Company, Pfizer Inc., Johnson & Johnson, Otsuka Pharmaceutical Co., Ltd., Yamo Pharmaceuticals, and Curemark LLC
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