Spasticity Treatment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Spasticity Treatment market is segmented by Drug Class, Indication, Route of Administration (Oral and Parenteral), End-user and Geography

Market Snapshot

SpasticTreatment Market CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 10.1 %

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Market Overview

The spasticity Treatment market studied was anticipated to grow with a CAGR of nearly 10.1% during the forecast period. The major factors attributing to the growth of the market are a rise in prevalence of multiple sclerosis, cerebral palsy, and encephalitis across the geographical locations compared to previous years. For instance, according to fact sheet published by The American Association of Neurological Surgeons in 2020, more than an estimated 12 million cases of spasticity were recorded worldwide. Also, cerebral palsy (CP) was identified as the leading cause of spasticity affecting more than 80 percent of people with the disorder demanding an efficient treatment driving the growth of the global spasticity drugs market.

Scope of the Report

Spasticity is a physiological condition in which contraction of muscles occurs continuously leading to tightening of muscles and prolonged stiffness. The spasticity may occur due to various disorders such as multiple sclerosis, meningitis, and other conditions such as injury to the spinal cord and others. Uncontrollable spasms in legs and arms are the common symptoms, along with frequent joint pain and lower back pains. Rise in spasticity cases among rare and genetic diseases such as Amyotrophic lateral sclerosis (ALS), phenylketonuria (PKU), which leads to the death of neurons controlling voluntary muscles is also expected to drive the market.

Drug Class
Benzodiazepines
Alpha2-adrenergic Agonists
Botulinum Toxins
Others
Indication
Multiple Sclerosis (MS)
Cerebral Palsy (CP)
Traumatic Brain Injury (TBI)
Others
Route of Administration
Oral
Parenteral
End-user
Pediatrics
Adults
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Oral Route Segment is Expected to Hold the Major Market Share in the Spasticity Treatment Market

The oral route segment is expected to account for the largest held the largest of the spasticity drugs market. The dominance can be attributed to the increased usage of these medications owing to ease of administration that helps the individual in medication when spasticity starts affecting the daily muscle functioning. It does not require a highly skilled health care professional for drug administration. Also, an increased demand for combination products such as benzodiazepines, imidazole, and gamma-amino butyric acid analogs fuel the global spasticity Treatment market during the forecast period.

Spasticity Drugs Market

North America Dominates the Market and Expected to do Same in the Forecast Period.

North America is expected to dominate the spasticity drugs market owing to the rising number of cases with various traumatic brain injuries, cervical dystonia, and muscular atrophy causing spasticity. Also, an increased prevalence of rare diseases such as ALS, PKU etc., and more number of elderly population due to presence of baby boomers during forecast period in the U.S. Thus, due to above mentioned factors, U. S. holds the major revenue share of market in North America contributes to the significant revenue share. According to the ALS Association statistics, in 2019, about 15 new people were diagnosed with ALS every day in the U.S. that leads to spasticity in muscles. Launch of new products by key players with accelerated drug approval initiative by the USFDA to develop drugs for rare diseases and advanced healthcare infrastructure fuel the market. Furthermore, rise in health awareness among public with government initiatives to create awareness in people are likely to create more opportunities in the market. Also, rise in disposable income, drive the spasticity drugs market growth in the region over the forecast period.

Mordor Intelligence

Competitive Landscape

The spasticity Treatment market is moderately competitive and consists of several major players. In terms of market share, few of the major players currently dominating the market are developing new products to address unmet challenges in the market. In January 2020, Ipsen received approval for Dysport by the UK’s Medicines and Healthcare Products Regulatory Agency (MHRA). The Dysport is a clostridium botulinum type A toxin-haemagglutinin complex is used for the symptomatic treatment of focal spasticity of upper limbs in children with cerebral palsy. The product was earlier approved in major geographies including United States, the recent approval for the sales in UK is expected to have a positive impact on the global market growth. Some of the companies which are currently dominating the market are Medtronic Plc, Piramal Enterprises Ltd, Allergan plc, Ipsen, and F. Hoffmann-La Roche Ltd.

Recent Developments

In August 2020 the United States Food and Drug Administration (FDA) has approved a supplemental Biologics License Application XEOMIN (incobotulinumtoxinA).

In July 2020 the company Ipsen Biopharmaceuticals announced that the United States Food and Drug Administration (FDA) approved the expanded use of Dysport (abobotulinumtoxinA) for the treatment of Spasticity in pediatric patients

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rise in Awareness Programs and Adoption of Novel Technologies

      2. 4.2.2 Launch of Advanced Therapeutics, and Increased Affordability

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Treatment

      2. 4.3.2 Stringent Regulatory Framework

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Drug Class

      1. 5.1.1 Benzodiazepines

      2. 5.1.2 Alpha2-adrenergic Agonists

      3. 5.1.3 Botulinum Toxins

      4. 5.1.4 Others

    2. 5.2 Indication

      1. 5.2.1 Multiple Sclerosis (MS)

      2. 5.2.2 Cerebral Palsy (CP)

      3. 5.2.3 Traumatic Brain Injury (TBI)

      4. 5.2.4 Others

    3. 5.3 Route of Administration

      1. 5.3.1 Oral

      2. 5.3.2 Parenteral

    4. 5.4 End-user

      1. 5.4.1 Pediatrics

      2. 5.4.2 Adults

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 France

        4. 5.5.2.4 Italy

        5. 5.5.2.5 Spain

        6. 5.5.2.6 Rest of Europe

      3. 5.5.3 Asia Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 South Korea

        6. 5.5.3.6 Rest of Asia-Pacific

      4. 5.5.4 Middle East and Africa

        1. 5.5.4.1 GCC

        2. 5.5.4.2 South Africa

        3. 5.5.4.3 Rest of Middle East and Africa

      5. 5.5.5 South America

        1. 5.5.5.1 Brazil

        2. 5.5.5.2 Argentina

        3. 5.5.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Medtronic Plc

      2. 6.1.2 Sun Pharmaceuticals Industries Ltd

      3. 6.1.3 Saol Therapeutics Inc

      4. 6.1.4 Piramal Enterprises Ltd

      5. 6.1.5 Par Pharmaceuticals LLC

      6. 6.1.6 Allergan plc

      7. 6.1.7 Ipsen

      8. 6.1.8 F. Hoffmann-La Roche Ltd

      9. 6.1.9 US WorldMeds LLC

      10. 6.1.10 Taj Pharmaceuticals Limited

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Spasticity Treatment Market market is studied from 2018 - 2026.

The Spasticity Treatment Market is growing at a CAGR of 10.1% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Medtronic Plc, Piramal Enterprises Ltd, Allergan plc, Ipsen, F. Hoffmann-La Roche Ltd are the major companies operating in Spasticity Treatment Market.

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