Market Size of Cerebral Palsy Treatment Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 4.40 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Cerebral Palsy Treatment Market Analysis
The cerebral palsy treatment market is expected to register a significant CAGR of 4.4% during the study period.
- COVID-19 had a considerable effect on the cerebral palsy treatment market. The study published in the Journal of Rehabilitation Medicine in November 2020 stated that respiratory dysfunction was one of the leading causes of morbidity and mortality in individuals with cerebral palsy (CP). Individuals with pre-existing respiratory disorders were at greater risk for respiratory complications if they contracted COVID-19 due to the spasticity in the diaphragm, thereby increasing the risk of morbidity associated with cerebral palsy.
- Furthermore, according to the study published in the Indian Journal of Orthopediatrics in January 2022, the results showed that the caregivers among cerebral palsy children had been largely affected by the COVID-19 pandemic in terms of functional decline, deformity progression, inability to receive regular physical treatment or orthotics, and behavioral problems.
- The factors propelling the cerebral palsy treatment market growth are the growing burden of cerebral palsy, the rise in investments, technological advancements, government initiatives, and other key strategies adopted by the key market players. According to the article published by Congress.gov in March 2022, cerebral palsy is the most common motor disability in children, affecting more than 1,000,000 Americans, 1 in 345 children, and over 17,000,000 people worldwide.
- The growing research and development activities in the development of therapeutics for cerebral palsy are driving the market growth. For instance, as per clinicaltrials.gov, in January 2022, Neurocrine Biosciences initiated a phase 3 clinical trial, a randomized, double-blind, placebo-controlled study to evaluate the efficacy of valbenazine versus placebo in participants aged 6 to 70 years for the treatment of dyskinesia due to cerebral palsy (DCP). The study is expected to be completed by August 2024. Positive responses from such studies evaluating the efficacies of existing treatments for cerebral epilepsy will increase its adoption, thus boosting the studied market during the study period.
- Moreover, rising strategic initiatives such as mergers and partnerships by key market players will expand the offerings in the market, which will boost the studied market. For instance, in April 2022, the Japanese subsidiary of Control Bionics signed an exclusive distribution agreement with Double Research and Development Co., Ltd. To start full-scale operations to better solve the communication challenges of people with severe disabilities in Japan through technology. Control Bionics has been working with users living with severe disabilities, including cerebral palsy (CP) and others.
- Rising investments in the market will propel technological innovation and expand the geographical presence, which will drive the market. For instance, in April 2022, Jupiter Lifeline Hospitals is planning to set up a state-of-the-art neuro-rehabilitation center in the United Kingdom with an investment of around 50 million pounds. The proposed rehabilitation center in the country is expected to have a 100-bed inpatient capacity, which will benefit patients with stroke, traumatic brain injury, cerebral palsy, spinal cord injury, Parkinson's disease, progressive and non-progressive neurological disorders, and sports injuries.
- Therefore, owing to the aforementioned factors, the studied market is expected to grow significantly during the study period. However, the side effects of drugs associated with cerebral palsy are expected to hinder market growth during the study period.
Cerebral Palsy Treatment Industry Segmentation
Cerebral palsy refers to a group of symptoms that involve difficulty moving and muscle stiffness (spasticity). It results from brain malformations that occur before birth as the brain is developing or from brain damage that occurs before, during, or shortly after birth.
The cerebral palsy treatment market is segmented by disease type (spastic cerebral palsy, dyskinetic cerebral palsy, ataxic cerebral palsy, mixed cerebral palsy), treatment type (surgery and medication), distribution channel (hospital pharmacies, retail pharmacies, and online pharmacies), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally.
The report offers the value (in USD) for the above-mentioned segments.
By Disease Type | |
Spastic Cerebral Palsy | |
Dyskinetic Cerebral Palsy | |
Ataxic Cerebral Palsy | |
Mixed Cerebral Palsy |
By Treatment Type | |||||||
Surgery | |||||||
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By Distribution Channel | |
Hospital Pharmacies | |
Retail Pharmacies | |
Online Pharmacies |
Geography | ||||||||
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Cerebral Palsy Treatment Market Size Summary
The cerebral palsy treatment market is poised for significant growth, driven by a combination of increasing prevalence, technological advancements, and strategic initiatives by key market players. The market is experiencing a surge in research and development activities aimed at developing effective therapeutics, which is further bolstered by rising investments and government support. The impact of COVID-19 has highlighted the vulnerabilities of individuals with cerebral palsy, particularly those with respiratory complications, which has underscored the need for innovative treatment solutions. The market is characterized by a moderate level of competition, with major players engaging in mergers, acquisitions, and partnerships to expand their geographical reach and enhance their product offerings. These efforts are expected to lead to increased accessibility and adoption of cerebral palsy treatments, thereby driving market growth.
In North America, the cerebral palsy treatment market is expected to witness substantial growth due to the high prevalence of the condition and the region's robust research and development landscape. The United States, in particular, is anticipated to hold a significant share of the market, supported by substantial investments in therapeutic areas and strategic initiatives aimed at raising awareness and improving access to treatments. The market's growth is further supported by collaborations and funding initiatives that focus on enhancing care infrastructure and addressing workforce challenges. As a result, the cerebral palsy treatment market is expected to experience lucrative growth, with ongoing innovations and strategic partnerships playing a crucial role in shaping its future trajectory.
Cerebral Palsy Treatment Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Burden of Cerebral Palsy
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1.2.2 Increasing Investments and Advancements by Market Players
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1.3 Market Restraints
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1.3.1 Side Effect Associated With The Drugs
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - in USD)
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2.1 By Disease Type
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2.1.1 Spastic Cerebral Palsy
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2.1.2 Dyskinetic Cerebral Palsy
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2.1.3 Ataxic Cerebral Palsy
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2.1.4 Mixed Cerebral Palsy
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2.2 By Treatment Type
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2.2.1 Surgery
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2.2.2 Medication
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2.2.2.1 Anticholinergics
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2.2.2.2 Anticonvulsants
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2.2.2.3 Antidepressants
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2.2.2.4 Antispastic
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2.2.2.5 Other Medication (Anti-inflammatories and Stool Softeners)
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2.3 By Distribution Channel
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2.3.1 Hospital Pharmacies
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2.3.2 Retail Pharmacies
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2.3.3 Online Pharmacies
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Cerebral Palsy Treatment Market Size FAQs
What is the current Global Cerebral Palsy Treatment Market size?
The Global Cerebral Palsy Treatment Market is projected to register a CAGR of 4.40% during the forecast period (2024-2029)
Who are the key players in Global Cerebral Palsy Treatment Market?
Ipsen Biopharmaceuticals Inc., Merz GmbH & Co. KGaA, Teva Pharmaceutical Industries Ltd., Supernus Pharmaceuticals, Inc. and Abbvie Inc. are the major companies operating in the Global Cerebral Palsy Treatment Market.