The Global Market for Spasticity Treatment has valued at $XX Mn in 2019 and is expected to reach $XX Mn by 2027, with a CAGR of XX% during the forecast period.
Global Spasticity Treatment Market Introduction and Overview
Spasticity is a muscle control disorder that is characterized by tight or stiff muscles along with the inability to control those muscles. It is caused by an imbalance of signals from the Central Nervous System (CNS) to the muscles. This imbalance is mostly found in people with cerebral palsy, traumatic brain injury, and multiple sclerosis. The disorder can be diagnosed by symptoms such as increased muscle tone, abnormal posture, overactive reflexes, and pain.
Increasing the popularity of physical therapy for treating Spasticity in the general public is driving the market growth. The advantages associated with physiotherapy are encouraging hospitals to invest in physiotherapy centers, thereby accelerating the market growth. Development of Stimulatory devices with advanced built-in technologies for treating Spasticity are boosting the market growth. Increasing awareness about the disorder and rise in healthcare expenditure are acting as catalysts for the market.
On the other hand, the time required to gain results, adverse effects of drugs, inadequate reimbursement policies for the treatment and lack of availability of skilled professionals to treat the disorder are restraining the market from growing.
The report covers the detailed analysis of Global Market for Spasticity Treatment with the classifications of the market based on drug therapy, Physical Therapy, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players contribution in it.
The report has profiled twenty-three key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The growing healthcare infrastructure in each region is different and focus is given on the availability of advanced technology and new techniques. The report has come up with recommendations for a future hot spot in the APAC region. New research findings, funding policies for projects, and their impact on the Spasticity Treatment market are covered in the report.
Global Spasticity Treatment Market Segment Analysis
The segment for drug therapy is expected to grow up to $XX Mn in the forecast period. Oral medications relax a large number of muscles and the dosage of oral medications can be easily adjusted. Baclofen is considered the first line of treatment for spasticity. The oral form of this drug is rapidly absorbed and crosses the blood-brain barrier. Tizanidine often has been used in conjunction with other oral drugs, such as baclofen, for additive effects. Muscle weakness accompanying other drugs is not a problem with Tizanidine.
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Global Spasticity Treatment Market segmentation
The global Spasticity Treatment market is segmented based on-
• Physical Therapy
Stretching
Strengthening Exercises
• Drug Therapy
Baclofen
Diazepam
Tizanidine
Dantrolene
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Global Spasticity Treatment Market Regional insights
North America is expected to contribute is expected to contribute a major share in the spasticity market, owing to increasing population, presence of major players in the region, and growing clinical trials. Well-developed healthcare infrastructure, government funding for drug development drives the spasticity market growth.
Europe contributes to the second largest share with a significant rise in the spasticity cases. Technological advancements along with the adoption of new treatments are elevating the market.
APAC market is primarily driven by the factors such as growing population, large patient pool, availability of new drugs and developing healthcare infrastructure.
Key players operating in the Global Spasticity Treatment Market
• Codman & Shurtleff Inc
• Medtronic, Inc
• InMed Pharmaceuticals, Inc
• Ipsen
• Orient Pharma Co, Ltd
• Taj Pharmaceuticals
• MediciNova, Inc
• Sanofi
• Genentech
• F.Hoffmann-La Roche Ltd
• GlaxoSmithKline plc
• Allergan
• Pfizer
• UCB Pharma
• Johnson & Johnson Services
• Sun Pharmaceuticals
• Novartis AG
• Teva Pharmaceuticals
• Merz Pharma
• Revance Therapeutics
• Acorda Therapeutics
• Orient Pharma
• GW Pharmaceuticals
The objective of the report is to present a comprehensive analysis of the Global Spasticity Treatment Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Spasticity Treatment Market dynamics, structure by analysing the market segments and project the Global Spasticity Treatment Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Spasticity Treatment Market make the report investor’s guide.
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