PUBLISHER: Allied Market Research | PRODUCT CODE: 1179610
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179610
The global autism spectrum disorder treatment market was valued at $27,272.7 million in 2021, and is projected to reach $43,166.16 million by 2031, registering a CAGR of 4.6% from 2022 to 2031.
A class of sophisticated neurological illnesses known as autism spectrum disorder (ASD) is characterized by a wide range of behavioral patterns and difficulties with social interaction and communication. Compulsive behavior, incorrect social interaction, a learning handicap, anxiety, sensitivity to hearing, repetitive motions, and many other characteristics are among the key indications and symptoms of ASD.
The increase in prevalence of autism spectrum disorder and rise in demand for early diagnosis of autism spectrum disorders boost the growth of market. For instance, in November 2021, as per the study of Ben-Gurion University researchers and colleagues, it was found that, autism spectrum disorder diagnosis by 2.5 years of age leads to dramatic improvements in social symptoms as compared to those diagnosed later in life. Thus, rise in awareness about autism spectrum disorder and rise in demand for early diagnosis of autism spectrum disorder drive the growth of market.
Moreover, the increase in prevalence of autism spectrum disorder and rise in awareness regarding service of autism spectrum disorder are the key factors that drive the growth of autism spectrum disorder treatment market. For instance, in March 2022, as per the report of World Health Organization (WHO), it was estimated that worldwide about one in 100 children has autism spectrum disorder.
Furthermore, the increase in awareness about autism spectrum disorder and rise in contribution of government & non-government organizations to provide autism spectrum disorder diagnosis & service propel the growth of market. For instance, ASERT (Autism Services, Education, Resources and Training) is an organization of medical centers, and universities, announced the launch of Autism Awareness, Community Education and Support (AACES), a program designed to increase independence and decrease isolation among young people with autism spectrum disorder (ASD).
Moreover, the increase in R&D activities for development of advanced autism spectrum disorder treatment, advancements in diagnosis of disease, rise in U.S. food and drug administration (USFDA) approvals, and novel product launch in market by key players boost the market growth. For instance, in October 2021, Axial Therapeutics, a clinical-stage biopharmaceutical company dedicated to improving the lives of people with neurological disorders and diseases, received clearance from the U.S. Food and Drug Administration (FDA) of its investigational new drug (IND) application for lead candidate, AB-2004, a gut-targeted, molecular therapeutic for the service of irritability associated with autism spectrum disorder. Furthermore, advancements in autism spectrum disorder treatments such as online training platforms and mobile diseases for autism spectrum further contribute in market growth. However, the high cost of autism spectrum disorder treatment and lack of awareness about disease may hinder the growth of market.
The Autism spectrum disorder treatment market is segmented on the basis of service, disease, location and region. By service , the market is classified into behavioral approaches, early intervention, medication, and others.
Depending on disease, the market is classified into autistic disorder, asperger's syndrome, and pervasive development disorder (PDD).
By location, market is categorized into hospital, education counsellor center, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Disease
By Service
By Location
By Region