Market Trends of Cerebral Palsy Treatment Industry
Spastic Cerebral Palsy Segment is Expected to Account for the Large Market Share Over the Forecast Period
- Spastic cerebral palsy is a developmental disorder caused by damage to the brain before birth, during delivery, or within the first few years of life. This condition prevents the normal development of motor function. Spastic cerebral palsy causes increased muscle tone, stiff muscles, and difficulty walking. Treatments for spastic cerebral palsy include physical therapy, medications, and surgery. The different types of spastic cerebral palsy are spastic diplegia, spastic Hemiplegia, and spastic Quadriplegia.
- Factors such as high incidences of spastic cerebral palsy, rising research and development activities, and increasing investments are expected to boost the studied market growth significantly.
- According to a March 2022 update of the article published by CerebralPalsyGuidance.com, spastic cerebral palsy is the most common form of cerebral palsy, accounting for 70% to 80% of all people diagnosed. Therefore, due to the high burden of the diseases, there is an increasing demand for its therapeutics, thus boosting the investments and research activities in the segment, thus contributing to the significant growth of the market.
- The growing research activities in the segment will fuel the market. For instance, as per Clinicaltrials.gov, in December 2022, a study update was given by Jazz Pharmaceuticals on the effects of Sativex treatment spastic cerebral palsy in a population of children and adolescents aged from 8 to 18 years, and it was found to be safe and effective. Positive results from such studies will increase the launch of new medication and thereby lead to its adoption, thus driving the market.
- Moreover, the study published in BMC Neurology in March 2022 demonstrated that intrathecal injection of umbilical cord blood mononuclear cells (UCB-MNC) was safe and effective in children with cerebral palsy. The safety and effectiveness of therapies for spastic cerebral palsy are anticipated to drive segment growth due to increased adoption.
- Thus, due to factors such as rising safety and effectiveness of treatments, the rising prevalence of disease, among others, is expected to contribute to the significant growth of the market.
Understand The Key Trends Shaping This Market
Download Sample
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
- The primary driving factors for the growth of the North American cerebral palsy market are the rising burden of cerebral palsy, growing research and development activities, increasing investments, supporting government initiatives, and key initiatives taken by the key market players.
- The United States within North America is expected to hold a significant share of the studied market during the study period. For instance, According to an article published by Congress.gov in March 2022, in the United States, more than 10,000 babies are diagnosed with cerebral palsy each year. The high prevalence of cerebral palsy in the country is increasing the demand for its therapeutics. Therefore, pharmaceutical companies are investing heavily in the therapeutic area, which will significantly drive the market.
- Rising investments in the studied market will bring innovation to the studied market, thereby boosting the accessibility of therapeutics for cerebral palsy, fueling the market. For instance, in March 2022, Adam Boehler, in partnership with Martin Ventures, invested in StationMD, a healthcare company that uses telemedicine to deliver medical care to people with intellectual and developmental disabilities (I/DD). That includes individuals with autism spectrum disorder, Down syndrome, and cerebral palsy. This will increase the accessibility of treatments to people with cerebral palsy, thereby driving the market.
- Additionally, in January 2022, Governor of New York Kathy Hochul invested in Cerebral Palsy Associations of New York State. This proposal includes USD 2 billion in workforce funding and USD 500 million in cost of living to support a sustainable care infrastructure and, therefore, focus on addressing the current workforce crisis. Such funding helps in better and easier access to treatments for cerebral palsy patients, driving the market growth.
- Moreover, strategic initiatives adopted by key market players creating awareness for cerebral palsy are expected to drive market growth. For instance, in February 2022, Edward R. Matthews, CEO of ADAPT Community Network, and Armando A. Contreras, President and CEO of United Cerebral Palsy, launched Start Here, a new digital platform that will provide caregivers with a trusted source for guidance on everything from the basics of cerebral palsy and other intellectual and developmental disabilities, as well as managed care advice about how to be an effective advocate for their child. This will create awareness for therapeutics for cerebral palsy, thus increasing its demand, which will lead to the lucrative growth of the market.
- Therefore, due to the rising incidence of diseases, rising funding for CP treatments, and rising initiatives from the key market players, the studied market is expected to lead to lucrative growth of the market in North America.
Get Analysis on Important Geographic Markets
Download Sample
