Cerebral Palsy Treatment Market to Reach $4.36 Billion, Globally, by 2030 at 3.3% CAGR: Allied Market Research

Rise in incidences of cerebral palsy across the world and surge in investments by the key players drive the growth of the global cerebral palsy treatment market.

PORTLAND, Ore., Feb. 28, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Cerebral Palsy Treatment Market by Drug Type (Anticholinergics, Anticonvulsants, Antidepressants, and Others), Disease Type (Spastic Cerebral Palsy Treatment, Dyskinetic Cerebral Palsy Treatment, Ataxic Cerebral Palsy Treatment, and Mixed Cerebral Palsy Treatment), Distribution Channel (Hospital pharmacies, Retail Stores & Pharmacy, and Online Providers): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global cerebral palsy treatment industry was estimated at $3.16 billion in 2020, and is anticipated to hit $4.36 billion by 2030, registering a CAGR of 3.3% from 2021 to 2030.

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Drivers, restraints, and opportunities-

Rise in incidences of cerebral palsy across the world and surge in investments by the key players drive the growth of the global cerebral palsy treatment market. On the other hand, several side-effects associated with drugs restrain the growth to some extent. However, initiatives taken by government bodies for regulatory approvals are expected to create lucrative opportunities in the industry.

Impact of COVID-19 on Cerebral Palsy Treatment Market-

• Patients suffering from cerebral palsy had to switch to tele-medicine during the lockdown as they couldn't visit the hospitals. This factor impacted the global cerebral palsy treatment market negatively, especially during the initial phase.
• However, the market is anticipated to get back on track soon.

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The anticonvulsants segment to dominate by 2030-

Based on drug type, the anticonvulsants segment accounted for more than two-fifths of the global cerebral palsy treatment market share in 2020, and is anticipated to rule the roost by 2030. The same segment would also cite the fastest CAGR of 4.0% throughout the forecast period, due to increasing prevalence rate of cerebral palsy and rise in approval of anticonvulsant drugs from the U.S. Food and Drug Administration (FDA).

The spastic cerebral palsy segment to maintain the dominant share-

Based on disease type, the spastic cerebral palsy segment held more than three-fourths of the global cerebral palsy treatment market revenue in 2020, and is expected to lead the trail by 2030. The same segment would also manifest the fastest CAGR of 3.8% from 2020 to 2030. This is because the majority of cerebral palsy patients suffer from spastic cerebral palsy.

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North America, garnered the major share in 2020-

Based on region, North America accounted for the major share in 2020, generating more than one-third of the global cerebral palsy treatment market, due to significant rise in investments as well as partnerships & collaborations by the market players in the region. Asia-Pacific, however, would grow at the fastest CAGR of 4.5% by 2030. This is due to increase in number of initiatives along with enhanced investments for the overall R&D activities related to cerebral palsy treatment.

Key players in the industry-

• Pfizer Inc.
• Teva Pharmaceuticals
• Bayer AG
• Johnson & Johnson
• GlaxoSmithKline plc.
• Novartis
• AbbVie Inc.
• Par Pharmaceutical
• Allergan plc.
• Merz Pharmaceuticals, LLC.
• Lannett Company Inc.

Official Press Release- https://www.alliedmarketresearch.com/press-release/cerebral-palsy-treatment-market.html

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