Autism Spectrum Disorder Market Outlook 2021 – Technological Innovation | Major Players Actavis, Inc., Curemark LLC, Janssen Pharmaceuticals, Inc., Otsuka Holdings Co., Ltd., Pediatric BioScience, Inc., Teva Pharmaceutical Industries Ltd.
Autism Spectrum Disorder Market Overview:
Autism is a developmental disorder affecting approximately 1 in 54 children in the U.S. (CDC 2016). Most individuals with autism spectrum disorder find social interactions difficult. The mutual give-and-take nature of typical communication and interaction is often particularly challenging.
Some autism research points to the possibility of abnormal brain development due to abnormal gene expression in areas related to speech, language, memory, cognition, socialization, and response. This theory suggests that children with autism might be having brain development problems due to the abnormal communication patterns associated with autism. One theory suggests that abnormal brain development results in the absence of specific cells in the brain. It has also been suggested that the lack of these cells may be due to a lack of essential proteins that are needed for brain development. It is believed that the absence of these essential proteins results in impaired brain growth and function.
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Autism Spectrum Disorder Market Dynamics:
Availability of various treatments is expected to propel the growth of the global autism spectrum disorder market over the forecast period. For instance, in June 2021, The Carolina Center for ABA and Autism Treatment announced to offer of Applied Behavioral Analysis treatment for children with Autism Spectrum Disorder in Winston-Salem, NC.
Approval and launch of new diagnostic tools are expected to offer lucrative growth opportunities for players in the global autism spectrum disorder market. For instance, in June 2021, the U.S. Food and Drug Administration authorized the marketing of Cognoa ASD Diagnosis Aid, a machine learning-based software that helps to diagnose ASD.
Autism Spectrum Disorder Market Key Takeaways:
- Availability of various treatments is expected to propel the growth of the global autism spectrum disorder market over the forecast period. For instance, in April 2021, Hopebridge Autism Therapy Centers, the autism service provider, added 6 new locations, bringing a total of 12 centers in Arizona.
- Major players in the global autism spectrum disorder market are focused on R&D to expand their product portfolio. For instance, in October 2020, Zynerba Pharmaceuticals, Inc. presented a poster describing data from the Phase 2 BRIGHT trial further demonstrating the potential for Zygel (ZYN002) to improve the core behavioral symptoms of autism when administered in addition to a stable standard of care in children and adolescents with moderate-to-severe ASD.
- Major players operating in the global autism spectrum disorder market include Actavis, Inc., Curemark LLC, Janssen Pharmaceuticals, Inc., Otsuka Holdings Co., Ltd., Pediatric BioScience, Inc., Teva Pharmaceutical Industries Ltd., Mylan Pharmaceuticals, Inc., Pfizer Inc., Novartis AG, Bristol-Myers Squibb, Merck & Co., and Par Sterile Products, LLC.
Autism Spectrum Disorder Market Segmentation:
By Product Type, the market is primarily segmented into:
- Applied Behavior Analysis
- Discrete Trial Teaching
- Pivotal Response Treatment
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By Applications, the market is segmented into:
- Hospital
- Special Rehabilitation Center
- Special School
- Other
What does the report cover regarding the regional market landscape?
- The report, with respect to the geological spectrum of this scope, analyzes each geographic segment of the market with supply, import, export, consumption, and production in these regions to provide a complete understanding of the market, covering, (United States, Europe, China, Japan, Southeast Asia, India, Central & South America)
- Basic information with details on the Autism Spectrum Disorder market share held by the regions in the company of trade, business, for which all geographical explanations have been given in the report.
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