Spasticity Treatment Market: Global Industry Analysis And Forecast (2024-2030)

Spasticity Treatment Market size was valued at US$ 1.33 Bn. in 2023 and the total Spasticity Treatment Market revenue is expected to grow at 11 % from 2024 to 2030, reaching nearly US$ 2.76 Bn.
Spasticity Treatment Market Overview:
The Spasticity is essentially a muscle condition that is typically characterized by continuous contraction of the muscles, resulting in tight or stiff muscles and an inability to control those muscles. This disorder's symptoms include clonus, aberrant posture, elevated muscle tone, and hyperactive reflexes. It results in damage to the parts of the brain or spinal cord that regulate voluntary movement, which produces an imbalance in the messages between the neurological system and the voluntary muscles. It harms growing children greatly and has a severe impact on the limbs' muscles and joints.To know about the Research Methodology :- Request Free Sample Report

Growing consumer demand for combination products such benzodiazepines, imidazole, and analogues of gamma-aminobutyric acid is driving the global market for treating spasticity. Additionally, owing to increased awareness and investments in research and development, there is a growing demand for spasticity treatments.

Report scope:

The goal of the study is to provide market participants with a comprehensive understanding of the complementary and alternative medicine market. The research covers the historical and current state of the market together with expected market size and trends and analyses complex data in simple terms. The research conducted by the significant players, including new entrants, industry leaders, and followers, is active and comprehensive. The study displays the PORTER and PESTEL assessments as well as the potential outcomes of the market's microeconomic elements. Analysis of internal and external elements that may have a favourable or negative impact on the company will provide decision-makers with a clear futuristic view of the market.

The research also aids readers in understanding the structure and dynamics of the complementary and alternative medicine market by examining market segmentation and predicting market size. With its clear demonstration of the competitive analysis of the leading firms in the complementary and alternative medicine industry by price, financial condition, product, product portfolio, expansion plans, and geographical presence, the research serves as an investor's guide.

In order to assess and forecast the market for unified monitoring, MMR started by gathering data on the income of the major suppliers. the market will be segmented, by Drug Class (Benzodiazepines, Alpha2-adrenergic Agonists, Botulinum Toxins, Others) by Indication (Multiple Sclerosis (MS), Cerebral Palsy (CP), Traumatic Brain Injury (TBI), Others) by Route of Administration (Oral, Parenteral) by End User (Pediatrics, Adults) vendors' offerings are taken into account. To confirm these divisions through primary research, in-depth interviews with important people, including chief executive officers (CEOs), vice presidents (VPs), directors, and executives, were later done.

Bottom-up methods are used to estimate the size of the market. To determine the key players in the complementary and alternative medicine market and to estimate their market revenues, primary and secondary research is conducted. Primary research, which comprised speaking with major thought leaders and business leaders in the sector, such as CEOs and marketing executives, was an alternative to secondary research, which involved reading the annual and financial reports of the top manufacturers. F. Hoffmann-La Roche Ltd, GlaxoSmithKline plc, Medtronic, ALLERGAN, Pfizer Inc. is a few of the top significant competitors in the global Spasticity Treatment Market For the duration of the forecast period, they are continually strategizing about mergers and acquisitions to increase their market shares and growth potential.

COVID-19 Impact for Spasticity Treatment Market:

The market for spasticity treatment has been significantly impacted by COVID-19. The majority of procedures used to treat muscle stiffness have been delayed or suspended. A large number of patients may have been exposed to the effects of untreated spasticity owing to this protracted stoppage of activities.

Patients were forced to stay at home due to COVID-19, which have led to spasticity. For instance, according to a study published in the "BioMed Research International journal" in October 2021, home confinement enhanced spasticity by reducing the number and duration of oscillations (right leg), as well as the first swing excursion and relaxation index (left leg). Spasticity is also a complex issue that is influenced by behavioral and psychological factors. The behavioral and psychological health of people has been damaged by COVID-19 (e.g., anxiety, fear of infection, and lower sleep quality), which may have contributed to increased spasticity in multiple sclerosis patients.
Spasticity Treatment Market Dynamics:
Market drivers:

Physical therapy is becoming more and more well-liked among people in the world, which is expected to speed up market growth throughout the forecast period. In addition, the multiple advantages of physical therapy are encouraging many hospitals to invest in physiotherapy facilities, which further open the door for the market's growth. The creation of stimulatory devices equipped with cutting-edge technologies and increased funding for public health initiatives are expected to accelerate overall market growth.

Increases in the prevalence of multiple sclerosis, cerebral palsy, and encephalitis across all geographic locations compared to recent years are the main reasons contributing to the market's growth. For instance, more than 12.5 million cases of spasticity were reported globally, according to a fact sheet released by The American Association of Neurological Surgeons. Additionally, cerebral palsy (CP), which affects more than 81% of persons with the illness and necessitates an effective treatment, was found to be the main factor contributing to the growth of the spasticity treatment market.

Market restraints:

The lack of awareness of spasticity among the people in emerging nations hampers the growth of the market. Additionally, it is expected that the adverse side effects of the medicines prescribed hinder the market's overall growth. Lack of qualified specialists, the overall high cost of therapy, insufficient reimbursement, and a lack of disease awareness in emerging economies are the main challenges impeding the growth of the spasticity treatment market.

Market Opportunities:

Players in the Spasticity Treatment market have numerous prospects for growth in developing nations like China, India, and Brazil. This is primarily owing to the region's diverse healthcare markets, rising rates of chronic diseases, and growing R&D efforts to create cutting-edge medical technologies. Additionally, market participants are expected to spend in this area in the forecast period owing to infrastructure improvements in healthcare facilities, rising healthcare costs, and the advantage of low-cost manufacturing provided by emerging nations in the Asia Pacific.
Spasticity Treatment Market Segment Analysis:
Based on Type, The Benzodiazepines segment is expected to grow at the highest CAGR during the forecast period. One of the first treatments for spasticity brought on by cerebral palsy was the benzodiazepine diazepam (Valium). The affinity of GABA for its receptor is raised by benzos. Both drugs have been shown in studies comparing baclofen and diazepam to be equally effective in treating spasticity.

Diazepam, a kind of benzodiazepines, is used to treat muscle stiffness. Diazepam is used to treat anxiety and alcohol withdrawal symptoms. In addition to helping to relax muscles or reduce muscle spasm, this medication may be used to treat some seizure disorders. A benzodiazepine is diazepam. Additionally, muscle spasticity is treated with the help of pharmacological components known as alpha2-adrenergic agonists. Benzodiazepines are used to treat all forms of spasticity, in comparison.

Based on Indication, The Multiple Sclerosis (MS) segment is expected to grow at the highest CAGR during the forecast period. The most frequently given and typically highly successful drug to treat spasticity in MS is baclofen. For people with more severe spasticity, an implanted pump that delivers the medication directly into the spinal fluid can be used instead of taking it orally.

Additionally, children with cerebral palsy (CP) can treat their spasticity by oral drugs, physical and occupational therapy, splinting and casting, chemo denervation with botulinum toxin or phenol, selective dorsal rhizotomy, intrathecal baclofen, and orthopedic surgery, among other methods.

Based on Route of Administration, The Oral segment is expected to grow at the highest CAGR during the forecast period. The dominance can be linked to greater utilization of these drugs owing to their simplicity in administration, which aids the patient in receiving treatment when spasticity begins to interfere with normal muscle function. Drug administration does not call for a highly skilled medical specialist. Additionally, during the expected time, there is a rise in the demand for combination goods including benzodiazepines, imidazole, and analogues of gamma-amino butyric acid.

Based on End User, The Pediatrics segment is expected to grow at the highest CAGR during the forecast period. The market for pediatric spasticity treatments is being driven by an increase in demand for combination products including benzodiazepines, imidazole, and analogues of gamma-aminobutyric acid. Moreover, owing to increased awareness and funding for research and development, demand for pediatric spasticity treatments is growing. Improvements in the industry's innovation and technology, as well as rising awareness of the pediatric spasticity treatment, are a few of the important pediatric spasticity treatment market trends fueling demand for pediatric spasticity treatment.

Additionally, Adults typically experience signs of spasticity compared to pediatrics. However, it's estimated that 19% of stroke patients require medication and that 38% of individuals have some degree of spasticity after their illness. About one-third of persons with focus issues will benefit from injections of botulinum toxin (or 5 percent of the total).
Regional Insights:
The market is dominated by North America, and this is expected to continue throughout the forecast period. Given the growing number of cases of cervical dystonia, traumatic brain injuries, and muscle atrophy that cause spasticity, North America is expected to dominate the market for medications that treat it. Additionally, owing to the presence of baby boomers during the projected period in the U.S., there will be an increase in the prevalence of rare diseases like ALS and PKU as well as an increase in the number of old people.

The United States thus holds the largest revenue share of the market in North America and makes up a sizeable portion of the market share. In the U.S., roughly 15 new cases of ALS, which causes muscle stiffness, were identified daily in 2019, according to figures from the ALS Association. The market is driven by the introduction of new products by key players, an accelerated drug approval programmed launched by the USFDA to develop medications for rare diseases, and sophisticated healthcare infrastructure. The public's increased awareness of health issues combined with government measures to raise public awareness are expected to lead to greater business opportunities. Additionally, over the forecast period, a rise in disposable income will fuel the region's market for medications that treat spasticity.
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Global Spasticity Treatment Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 1.33 Bn.


Forecast Period 2024 to 2030 CAGR:
11 %
Market Size in 2030:
US $ 2.76 Bn.


 Segments Covered:
by Drug Class
Benzodiazepines
Alpha2-adrenergic Agonists
Botulinum Toxins
Others


by Indication
Multiple Sclerosis (MS)
Cerebral Palsy (CP)
Traumatic Brain Injury (TBI)
Others


by Route of Administration
Oral
Parenteral


by End-User
Pediatrics
Adults



Spasticity Treatment Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Spasticity Treatment Market Key Players
1. F. Hoffmann-La Roche Ltd
2. GlaxoSmithKline plc
3. Medtronic
4. ALLERGAN
5. Pfizer Inc
6. Ipsen Pharma
7. UCB Pharma Ltd
8. Sanofi
9. INMED PHARMACEUTICALS INC
10. Orient Pharma
11. Taj Pharmaceuticals Limited
12. Johnson & Johnson Services, Inc.
13. MediciNova, Inc.
14. Sun Pharmaceutical Industries Ltd
15. Novartis AG
16. Teva Pharmaceutical Industries Ltd
17. Merz Pharma
18. GW Pharmaceuticals plc
19. Revance Therapeutics, Inc.
20. Acorda Therapeutics, Inc.

FAQs:

1. Which is the potential market for the Spasticity Treatment Market in terms of the region?
Ans. In North America region, the growing business and educational sectors are expected to help drive the use of collaborative screens.

2. What are the opportunities for new market entrants?
Ans. The key opportunity in the market is new initiatives from governments that provide funding for markets in educational institutes.

3. What is expected to drive the growth of the Spasticity Treatment Market in the forecast period?
Ans. A major driver in the market is the prevalence of work from home and remote collaboration created by the COVID-19 pandemic.

4. What is the projected market size & growth rate of the Spasticity Treatment Market?
Ans. Spasticity Treatment Market size was valued at US$ 1.33 Billion in 2023 and the total market revenue is expected to grow at 11 % through 2024 to 2030, reaching nearly US$ 2.76 Billion.

5. What segments are covered in the Spasticity Treatment Market report?
Ans. The segments covered are Type, Indication, Route of Administration, End User and region.