“The U.S. Food and Drug Administration (FDA) has approved BOTOX for the treatment of lower limb spasticity in adult patients to decrease the severity of increased muscle stiffness in ankle and toe muscles. BOTOX is the first and only botulinum toxin product to be approved by the FDA to treat multiple muscle groups of the upper (elbow, wrist, fingers, and thumb) and lower limbs that may be impacted by spasticity.”
The article cited AMA's "Global Spasticity Treatment Market Study" explored substantial growth of 4.18%. According to the report, Emphasizing On Novel Treatment for Spasticity
is one of the primary growth factors for the market. Growth in Geriatric Population
is also expected to contribute significantly to the Spasticity Treatment market. Overall, Children
applications of Spasticity Treatment, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End User, such as Hospital, is boosting the Spasticity Treatment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Spasticity Treatment market identified that the demand is rising in many different parts of the world as "Rising Number of Screening Procedures
". Furthermore, some recent industry insights like "21st June 2019, Allergan plc announced that the Food and Drug Administration approved supplemental biologics application BOTOX of the company for the treatment of pediatric patients with upper limb spasticity in the age group of 2 to 17 year." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Spasticity Treatment market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Spasticity Treatment market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Spasticity Treatment market size is calculated using market estimation process, the Spasticity Treatment market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Spasticity Treatment market size has been validated using both top-down and bottom-up approaches.