What is Cerebral Palsy Treatment Market?
Cerebral palsy affects over 500,000 people in the United States and one in approximately 345 kids has cerebral palsy. Cerebral palsy is a neuromuscular disorder that affects movement and muscle tone or posture. It is a neurological condition caused by brain damage. It is the most common motor and movement disability in children. It is more common in boys than in girls. Currently, there is no cure for this disorder. The treatment options available helps to improve the child's daily life, health and well-being. There are various treatment options available for this disease involving medications, therapies, surgical procedures and alternative medicines. It depends on type of disorder as well as the severity of the disorder.
The market study is being classified by Type (Medications (Musel or Nerve Injections and Oral Muscle Relaxants), Therapies (Physical Therapy, Occupational Therapy, Speech and Language Therapy and Recreational Therapy), Surgical Procedures (Orthopedic Surgery and Cutting Nerve Fibers) and Others), by Application (Hospitals, Clinics and Others) and major geographies with country level break-up.
Allergan Plc (United States), Cellular Biomedicine Group (United States), Merck & Co., Inc. (United States), Pfizer, Inc. (United States), GlaxoSmithKline Plc (United Kingdom), Abbott Laboratories (United States), Acorda Therapeutics, Inc. (United States), Medtronic plc (Ireland), Meridigen Biotech Co., Ltd. (China), GW Pharmaceuticals Plc (United Kingdom) and Cell Cure Neurosciences Ltd. (Israel) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cerebral Palsy Treatment market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cerebral Palsy Treatment market by Type, Application and Region.
On the basis of geography, the market of Cerebral Palsy 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Prevalence of Cerebral Palsy in Children
- High Demand for Complete Cure Treatment for Cerebral Palsy
- Development of New Diagnostic Centre and Hospitals
Market Trend
- Rise in the Research and Development Activities
Restraints
- Side Effects of the Medicines of Disorder
Opportunities
- Huge Investments by the Major Players
- Increase in Healthcare Expenditure
- Growth In Healthcare Industry Worldwide
Challenges
- Less Awareness about Cerebral Palsy among People
Key Target Audience
Cerebral Palsy Treatment Providers, Research Professionals, Emerging Companies, Government Body & Associations and End-user