The 7 major cerebral palsy markets reached a value of US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 2.5 Billion by 2034, exhibiting a growth rate (CAGR) of 2.53% during 2024-2034.
Report Attribute
|
Key Statistics
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---|---|
Base Year |
2023
|
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 1.9 Billion |
Market Forecast in 2034
|
US$ 2.5 Billion |
Market Growth Rate (2024-2034)
|
2.53% |
The cerebral palsy market has been comprehensively analyzed in IMARC's new report titled "Cerebral Palsy Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Cerebral palsy refers to a group of neurological conditions that affect body’s movement and posture. The symptoms of the ailment vary widely from person to person and may include poor muscle control as well as coordination, abnormal muscle tone, spasticity (stiffness of the muscles), ataxia (incoordination and lack of balance), tremors or involuntary movements, difficulty with speech and communication, vision or hearing problems, cognitive impairments, etc. The severity of the indications can range from mild to severe and may affect different parts of the body, such as the arms, legs, face, etc. Diagnosing the ailment typically involves a comprehensive investigation by a team of healthcare professionals, including a neurologist, developmental pediatrician, physical therapist, etc. The evaluation consists of a review of medical history and symptoms, a physical examination, and various diagnostic tests, such as magnetic resonance imaging (MRI), computed tomography (CT) scans, genetic testing, electromyography (EMG), movement analysis, etc. Various standardized assessments, including the Gross Motor Function Classification System (GMFCS) and the Manual Ability Classification System (MACS), are also used to evaluate motor function and level of disability in children with cerebral palsy.
The increasing cases of prenatal, perinatal, and postnatal brain damage are primarily driving the cerebral palsy market. Additionally, the rising prevalence of maternal health factors, such as infections, high blood pressure, gestational diabetes, etc., which can increase the risk of cerebral palsy in the child, is also creating a positive outlook for the market. Moreover, the escalating utilization of several medications, including baclofen, botulinum toxin injections, anticonvulsants, etc., to treat specific symptoms, such as muscle spasticity and seizures, is further augmenting the market growth. Besides this, the widespread adoption of selective dorsal rhizotomy, in which the sensory nerve roots in the spinal cord are selectively cut to reduce spasticity and improve mobility, as a treatment option is also propelling the market growth. Furthermore, various key players are making extensive investments in developing novel diagnostic devices that can aid in identifying anatomical abnormalities in the brain associated with cerebral palsy. This, in turn, is acting as another significant growth-inducing factor. Additionally, the introduction of assistive technology, such as mobility aids, communication devices, adaptive equipment, etc., that help patients to improve their quality of life is expected to drive the cerebral palsy market in the coming years.
IMARC Group's new report provides an exhaustive analysis of the cerebral palsy market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for cerebral palsy and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the cerebral palsy market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current cerebral palsy marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
---|---|
UDI-001 | Rohto Pharmaceutical |
Botulinum toxin type A | Hugel |
Valbenazine | Neurocrine Biosciences |
Epoetin alfa biosimilar | LG Chem |
AlloRx | Vitro Biopharma |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Cerebral Palsy: Current Treatment Scenario, Marketed Drugs and Emerging Therapies