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Pharmacy benefit management market
Infantile Spasm Treatment Market Report Overview
The global infantile spasm treatment Market size was USD 140 million in 2021. As per our research, the market is expected to reach USD 184.8 million by 2028, exhibiting a CAGR of 3.6% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the infantile spasm treatment market growth and demand returning to pre-pandemic levels once the pandemic is over.
The infantile spasm treatment business is a highly fascinating and rapidly changing industry. A rare type of epilepsy known as infantile spasms often manifests in the first year of life. There is hope for a better future because of improvements in treatment choices, even though these seizures can be terrible for the kid and their family. Infantile spasms can be treated with various methods, each with certain advantages. Medication is one method of treatment for infantile spasms. To assist in managing and controlling seizures, doctors may prescribe various drugs. These drugs function by going after the underlying cause of the spasms, such as a neurotransmitter imbalance.
Hormone therapy is another kind of care for infantile spasms. Adrenocorticotropic hormone (ACTH) and other hormones may be administered to control brain activity and lessen the frequency and severity of seizures. Long-term seizure control can be achieved using hormonal therapy, which has proven beneficial in many situations. For certain kids with infantile spasms, surgery is another possibility. Surgery to remove the portion of the brain producing the seizures may be advised in some circumstances. This can provide instant relief and might even cause the seizures to stop entirely.
Covid-19 Impact: Increased Focus On Finding Effective Treatments Accelerated Market Growth
Without a doubt, this market has been significantly impacted by the Covid-19 pandemic. However, despite the difficulties and disruptions, there are still good reasons to be enthusiastic about the advancements in this area. Researchers and medical professionals are working nonstop to develop novel treatments for infantile spasms as the world struggles with the effects of the virus. New medicines and technology are being introduced to the market for treating infantile spasms to enhance the quality of life for infants and their families. Infantile spasm treatment will undoubtedly improve due to the increased emphasis on discovering cures, giving those suffering from this crippling ailment hope and comfort.
Latest Trends
"The Use Of Targeted Therapies That Focus On Addressing The Underlying Causes Of Infantile Spasms, Such As Genetic Mutations Or Metabolic Abnormalities, Boosts The Market Expansion"
The most recent development in infantile spasm therapy is extremely revolutionary and has the potential to alter how we treat this problem completely. Given the fast-expanding this market, researchers and medical professionals are committed to finding more potent and cutting-edge solutions to cure this crippling ailment. Targeted medicines, which treat the underlying causes of infantile spasms, such as genetic mutations or metabolic problems, are one of the most intriguing developments. These therapies have produced encouraging effects, with many patients reporting a notable decrease in seizure frequency and better developmental outcomes. Families impacted by this ailment have new hope thanks to the most recent development in infantile spasm treatment, paving the road for their kids' futures to be brighter.
Infantile Spasm Treatment Market Segmentation
- By Type Analysis
The infantile spasm treatment market can be segmented into oral and parenteral. Among these, oral is projected to experience rapid growth through 2028.
- By Application Analysis
The market can be divided based on application into hospital, clinic, and other. The hospital is expected to hold the most significant infantile spasm treatment market share in the upcoming years.
Driving Factors
"The Increasing Prevalence Of Infantile Spasms, A Rare And Severe Form Of Epilepsy That Affects Infants Propel The Market Expansion"
Numerous important driving factors are responsible for the enormous expansion of the infantile spasm treatment industry. Infantile spasms, a rare and severe form of epilepsy that affects newborns, are becoming more common, which is one of the main contributing reasons. This has increased the need for efficient therapies, fueling the market's expansion. Innovative therapeutic solutions for infantile spasms have also been developed due to medical technology and research developments. This covers the use of hormonal treatments, surgery, and antiepileptic medications. These developments have improved the outcomes for newborns who experience spasms and raised awareness and boosted the rate of diagnoses, further boosting the market's expansion.
"The Growing Investment In Healthcare Infrastructure And Facilities Fuels the Market Growth"
The increased investment in healthcare infrastructure and facilities is another important market-driving factor for infantile spasm treatment. The need to increase access to high-quality healthcare services, including specialized treatments for uncommon disorders like infantile spasms, is being acknowledged by governments and healthcare organizations worldwide. This has resulted in increasing financing for this type of research and development and the creation of specialized facilities for identifying and managing infantile spasms. These initiatives have considerably aided in the market's expansion by guaranteeing that more infants receive prompt and efficient care. Furthermore, the market is expanding due to the expansion of patient advocacy and support groups.
Restraining Factors
"High Cost And Lack Of Awareness Hinder The Market Growth"
With new medicines and medical technology developments, this market is expanding dramatically. To fully realize the potential of this industry, however, some restraints must be addressed. The lack of knowledge and comprehension regarding infantile spasms among medical professionals and parents is one of the major problems. Delays in diagnosis and treatment are frequently the result, which can negatively affect a child's long-term development. In addition, many families may find the high expense of available treatments to be a barrier, particularly in underdeveloped nations with poor access to healthcare.
Infantile Spasm Treatment Market Regional Insights
"North America to Dominate Market Due To The Increasing Prevalence Of Infantile Spasms, A Rare And Severe Form Of Epilepsy That Affects Infants"
The infantile spasm treatment market will be dominated by North America during the forecast period. Factors driving the market growth in this region include the increasing prevalence of infantile spasms, a rare and severe form of epilepsy that affects infants.
Additionally, the market is anticipated to experience the fastest growth in European and Asian countries (India, China, Japan, and South East Asia). The growing investment in healthcare infrastructure and facilities fuels market expansion.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Mallinckrodt (U.K.)
- H. Lundbeck (Denmark)
- Insys Therapeutics (U.S.)
- Orphelia Pharma (Paris)
- Valerion Therapeutics (U.S.)
- Catalyst Pharmaceuticals (U.S.)
- Anavex Life Sciences (U.S.)
- Retrophin (U.S.)
- GW Pharmaceuticals (U.K.)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 140 Million in 2021 |
Market Size Value By |
US$ 184.8 Million by 2028 |
Growth Rate |
CAGR of 3.6% from 2021 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the infantile spasm treatment market expected to touch by 2028?
The global infantile spasm treatment market is expected to reach USD 184.8 million by 2028.
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What CAGR is the infantile spasm treatment market expected to exhibit by 2028?
The infantile spasm treatment market is expected to exhibit a CAGR of 3.6% by 2028.
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Which are the driving factors of the infantile spasm treatment market?
The driving factors of the infantile spasm treatment market are the increasing prevalence of infantile spasms, a rare and severe form of epilepsy that affects infants, and the growing investment in healthcare infrastructure and facilities.
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Which are the key players or most dominating companies functioning in the infantile spasm treatment market?
Mallinckrodt (U.K.), H. Lundbeck (Denmark), Insys Therapeutics (U.S.), Orphelia Pharma (Paris), and Valerion Therapeutics (U.S.) are some of the top companies in the infantile spasm treatment market.