[324 Pages Report] During the forecast period, the paediatric spasticity treatment market is expected to grow at a CAGR of 10%. Rising demand for combination products such as benzodiazepines, imidazole, and gamma-aminobutyric acid analogues is driving the global paediatric spasticity treatment market. Furthermore, demand for paediatric spasticity treatment is increasing as a result of increased awareness and investment in research and development.
Despite many factors which drive the global market for paediatric spasticity treatment, various factor which might hinder the growth of paediatric spasticity treatment market include high cost of treatment and low awareness in under developed and developing countries and rigorous regulations for the approval of drug.
Paediatric Spasticity Treatment: Overview
Advancement and development of new therapeutic treatment and growing clinical trials for the paediatric spasticity treatment creates huge opportunity for the paediatric spasticity treatment market to grow in the forecast period. Collaboration and partnership among major players for developing new drugs, increasing funding for the research will drive the market of paediatric spasticity treatment in near future. For instance, in august 2016, FDA Approved Ipsen’s Dysport (abobotulinumtoxina) injection for the treatment of lower limb spasticity in children aged two and older.
Paediatric Spasticity Treatment: Region-wise Outlook
The North America is expected to contribute to a major share in the global paediatric spasticity treatment, owing to increasing population, increasing number of screening procedures, presence of major manufacturers and growing clinical trials. Well-developed healthcare facilities and government funding for drug development further drive the market for paediatric spasticity treatment. Europe contributes for the second largest share with significant growth in the global paediatric spasticity treatment market owing to technological advancement in the treatment coupled with growing adoption of new treatment.
Asia Pacific market is primarily driven by the factors such as growing prevalence, increasing population, growing awareness of new treatment options. China is expected to register rapid growth in the paediatric spasticity treatment market, due to large patient pool, availability of new drugs for the paediatric spasticity treatment. Latin America and Middle East & Africa are projected to show sluggish growth in paediatric spasticity treatment market, due to less awareness, lack of adequate healthcare facilities and less developed infrastructure.
Pediatric Spasticity Treatment: Key Players
Some of the key players present in the global pediatric spasticity treatment market are Allergan plc, Ipsen Biopharmaceuticals, Inc., Almirall, S.A, Piramal Critical Care, Inc., Genentech, Inc, Sanofi, Saol Therapeutics, US WorldMeds, LLC among others.
The report covers exhaustive analysis on,
- Pediatric Spasticity Treatment Market Segments
- Pediatric Spasticity Treatment Market Dynamics
- Historical Actual Market Size, 2012 – 2016
- Pediatric Spasticity Treatment Market Size & Forecast 2016 to 2024
- Pediatric Spasticity Treatment Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Pediatric Spasticity Treatment Market Drivers and Restraints
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Regional analysis includes
- North America
- Latin America
- Asia Pacific Excluding China
- Middle East & Africa
The global Pediatric Spasticity Treatment market is segmented on basis of drug type, distribution channel and geography.
Segmentation by Drug Type
- Baclofen or Muscle Relaxants
- Intrathecal Baclofen
Segmentation by Route Of Administration
Segmentation by Distribution Channel
- Hospitals Pharmacies
- Drug Stores
- Retail Pharmacies
- Mail Order Pharmacies
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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