Spasticity Treatment Market Scope
Spasticity is a condition in which tightness of the muscles takes place due to muscles contraction. It is generally caused by damage to the spinal cord or brain which controls voluntary movement of the body. The increasing number of patients with spasticity driving the demand for novel treatment. For instance, the American Association of Neurological Surgeons there is 12 million people worldwide affected by spasticity. Further, growing healthcare infrastructure in the developing economies expected to drive the demand for spasticity treatment market over the forecasted period.
According to AMA, the Global Spasticity Treatment market is expected to see growth rate of 4.18%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Spasticity Treatment market throughout the predicted period.
Codman & Shurtleff, Inc. (United States), Medtronic, Inc. (Ireland), InMed Pharmaceuticals, Inc. (Canada), Ipsen (France), Allergan plc (Ireland), Pfizer Inc. (United States), Orient Pharma Co., Ltd. (Taiwan), MediciNova, Inc. (United States), Roche Holding AG (Switzerland) and UCB S.A. (Belgium) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Sanofi (France) and Taj Pharmaceuticals Limited (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Spasticity Treatment market by Type (Physical Treatment and Medicine Treatment), by Application (Children and Adults) and Region with country level break-up.
On the basis of geography, the market of Spasticity Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
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.
“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.”
Market Trend
- Emphasizing On Novel Treatment for Spasticity
- Growing Popularity of Physical Therapy
Market Drivers
- Growth in Geriatric Population
- Rising Prevalence of Muscles Related Disorders
Opportunities
- Rising Number of Screening Procedures
- Growing Healthcare Infrastructure in the Developing Economies
Restraints
- Stringent Government Regulations Regarding Medical Treatments
- High Cost Associated With Spasticity Treatment
Challenges
- Long Term Process of Physical Therapy
- Lack of Awareness about the Diseases in the Low and Middle Income Group Countries
Key Target Audience
Spasticity Treatment Providers, Potential Investors, Associations, Organizations, Forums, and Alliances, Government Bodies and Departments, Research Institutes, Business Consulting Firms and Others