Report Code: A13338 | Pages: 300 | ||
Tables: 175 | Charts: 60 |
|
The global autism spectrum disorders market was valued at $27.3 billion in 2021, and is projected to reach $43.2 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031. Autism spectrum disorder (ASD) is a developmental disability caused by differences in the brain. Some people with autism spectrum disorder (ASD) have a known difference, such as a genetic condition. Other causes are not yet known. Scientists believe there are multiple causes of autism spectrum disorder (ASD) that act together to change the most common ways people develop. The autism spectrum disorder (ASD) includes multiple disorders such as autistic disorder, Asperger’s syndrome, pervasive development disorder (PDD).
The COVID-19 outbreak is anticipated to have a negative impact on the growth of the autism spectrum disorder treatment market. The COVID-19 pandemic has negative impact on market owing to implementation of lockdown in many countries and disrupted supply chain. During COVID-19 pandemic, entire healthcare industry is focused on emergency health services. Thus, COVID-19 has negative impact on autism spectrum disorder treatment market and the market is anticipated to grow in post pandemic situations.
The increase in the prevalence of autism spectrum disorder (ASD) and the rise in the diagnosis rate of autism spectrum disorder (ASD) drive the Autism Spectrum Disorders Market Growth. For instance, in March 2022, as per the report of World Health Organization (WHO), it is estimated that worldwide about one in 100 children has autism spectrum disorder. The early diagnosis of autism spectrum disorder (ASD) plays a vital role in understanding and managing of the disorder. Various studies have found the average age of diagnosis to be between 3 and 6 years, with significant differences as a function of ethnicity and socio-economic status.
Moreover, an increase in R&D activity for advancements in autism spectrum disorder treatment, latest product launch and product approvals contributes to the growth of the Autism Spectrum Disorders Industry. For instance, in June 2021, Cognoa, a pediatric behavioral health company developing diagnostic and therapeutic solutions for children living with behavioral health conditions, received approval from the U.S. Food and Drug Administration (FDA) for its De Novo classification request for its autism diagnosis aid. The AI-based device is the first FDA-authorized diagnosis aid designed to help physicians to diagnose autism in the primary care setting.
The growth in interest of manufacturers & developers in the development of autism spectrum disorder treatment drives the growth of the Autism Spectrum Disorders Industry. In addition, combined manufacturers' efforts for developing footprints in emerging market contributes in the growth of the Autism Spectrum Disorders Market Size. In addition, an increase in funding by government and non-government organizations propels the growth of the market. For instance, in March 2022, Rare Cannabinoid Company, a leading CBD and hemp cannabinoid company in the U.S. announced its support for the Autism Summit April 2022, in the form of sponsorship and donation of CBD and CBDV oil products.
Furthermore, growth in advancements in biotechnology, an increase in access to health care facilities globally, and surge in health care expenditure drive the growth of the Autism Spectrum Disorders Market Size. For instance, according to American Medical Association (AMA), health spending in the U.S. increased by 9.7% in 2020 to $4.1 trillion or $12,530 per capita. Moreover, rise in the government initiatives to provide advanced healthcare facilities and financial support propels the growth of the market.
The autism spectrum disorders market is segmented into Disease, Service, and Location.
By service, the market is classified into behavioral approaches, early intervention, medication, and others. Depending on the disease, the market is fragmented into autistic disorder, Asperger’s syndrome, and pervasive development disorder (PDD). By location, the market is categorized into hospitals, education counselor centers, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Arabia, South Africa, and LAMEA).
On the basis of the disease segment, the autistic disorder segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing to a surge in incidences of autistic disorder and a rise in the preterm birth rate. However, the Asperger’s syndrome segment is expected to witness considerable growth during the forecast period due to an increase in incidences of Asperger’s syndrome and the latest product approvals. Â
Depending on the service segment, the behavioral approaches segment dominated the Autism Spectrum Disorders Market Share in 2021, and this trend is expected to continue during the forecast period, owing to increasing improvements in behavioral approaches and rise in awareness about autism spectrum diseases. However, the medication segment is expected to witness considerable growth during the forecast period, due to an increase in awareness about early diagnosis of autism spectrum disorders and a rise in healthcare expenditures.
By location, the education counselor center segment dominated the Autism Spectrum Disorders Market Share in 2021, and this trend is expected to continue during the Autism Spectrum Disorders Market Forecast period, owing to rise in a number of education counselor centers and an increase in demand of advanced treatment. However, the hospital segment is expected to witness considerable growth during the forecast period, due to an upsurge in a number of hospitals and rise in healthcare expenditure.
By region, North America garnered the major share in the autism spectrum disorder treatment market in 2021, and is expected to dominate the global market during the forecast period owing to an increase in a product launches in region, well-established healthcare infrastructure, and the presence of key players. However, Asia-Pacific is expected to register significant growth, owing to a rise in healthcare expenditures, development in healthcare infrastructure, and high population base.
Autism Spectrum Disorders Market Report Highlights
Aspects | Details |
---|---|
Market Size By 2031 | USD 43.2 billion |
Growth Rate | CAGR of 4.6% |
Forecast period | 2021 - 2031 |
Report Pages | 300 |
By Disease |
|
By Service |
|
By Location |
|
By Region |
|
Key Market Players | EarliTec Diagnostics Inc, Axial therapeutics, Bristol Myers Squibb Co., Jazz Pharmaceuticals, Johnson & Johnson, Curemark LLC, dfusion inc., Novartis AG, Cognoa Inc, Abbvie Inc |
Loading Table Of Content...
This section provides the opinions of the top level CXOs in the autism spectrum disorder treatment market. According to the CXOs, autism spectrum disorder is a group of neurological disorders mainly characterized by difficulty in social interaction and social communication with repetitive or restricted pattern of daily activities.Â
The autism spectrum disorder treatment mainly includes behavioral approaches, early intervention, medication and others.
The factors such as increase in prevalence of autism spectrum disorders, advancements in autism spectrum disorder treatment, and surge in demand of early diagnosis of disease drives the growth of autism spectrum disorder treatment market. In addition, increase in birth rate and rise in healthcare expenditures of patients are expected to contribute in the growth of the autism spectrum disorder treatment market.
North America is expected to witness the highest growth, in terms of revenue, owing to rise in the prevalence of autism spectrum disorder, the presence of key players for manufacturing & development of advanced autism spectrum disorder treatments, and well-established healthcare infrastructure in the region.
However, the high operational cost of autism spectrum disorder treatment and lack of awareness about disease may hamper market growth.
A. The total market value of autism spectrum disorder treatment market is $27272.7 million in 2021.
A. The forecast period in the report is from 2022 to 2031.
A. North America is the largest regional market for Autism Spectrum Disorders.
A. The market value of autism spectrum disorder treatment market in 2022 was $28772.7 million.
A. The top companies that hold the market share in autism spectrum disorder treatment market are Abbvie Inc, Axial therapeutics, The Bristol Myers Squibb Company, Cognoa Inc, Curemark LLC, Dfusion Inc, EarliTec Diagnostics Inc, Jaguar Gene Therapy, Jazz Pharmaceuticals, Johnson & Johnson, Neurim Pharmaceuticals Ltd., Novartis AG, PaxMedica Inc, Pfizer Inc, Stalicla SA, Teva Pharmaceutical Industries Ltd. and Yamo Pharmaceuticals LLC.
A. Asia-Pacific is expected to register the highest CAGR of 5.5% from 2022 to 2031, owing to increase in product launch in region, rise in healthcare expenditures and presence of high population base.
A. The key trends in the autism spectrum disorder treatment market are by an incraseing prevalence of autism spectrum disorder and rise in awareness about autism spectrum disorder treatment.
A. The base year for the report is 2021.
Start reading instantly.
This Report and over 71,323+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time for readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save the time of readers