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Global Cerebral Palsy Treatment Market 2019-2023 | Increasing Awareness about Cerebral Palsy to Boost Demand | Technavio

Technavio Research
Posted on: 19 Nov 18

Technavio analysts forecast the global cerebral palsy treatment market to grow at a CAGR of over 5% during the forecast period, according to their latest market research report. The growth momentum of the market is expected to accelerate in the year-over-year growth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181119005716/en/

Technavio analysts forecast the global cerebral palsy treatment market to grow at a CAGR of over 5% by 2023. (Graphic: Business Wire)

Increasing cerebral palsy research is one of the major trends being witnessed in the global cerebral palsy treatment market 2019-2023. Research is being conducted to reduce the prevalence, understand the etiology, and find the best curable therapy for cerebral palsy. Various research bodies are providing federal funding for cerebral palsy research. Research is also being conducted on stem cells as a promising treatment option for various CNS disorders, including cerebral palsy. The research on the disease is increasing significantly. This is expected to lead to the development of a cure for cerebral palsy during the forecast period.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to the growth of the global cerebral palsy treatment market is the increasing awareness about cerebral palsy:

Global cerebral palsy treatment market: Increasing awareness about cerebral palsy

The awareness about the management and treatment of cerebral palsy is increasing across the globe. March is the cerebral palsy awareness month. Many patients care organizations, such as the International Cerebral Palsy Society, work throughout the month to educate and spread awareness about cerebral palsy through social media, funds, and campaigns. Efforts are also being made to encourage researchers to work toward improving the lives of patients.

According to a senior analyst at Technavio for research on infectious and rare diseases, “Many non-profit organizations, such as the Nemours Foundation in the US, provide information and related resources to children with cerebral palsy and other disorders. Also, Reaching for the Stars (a foundation for cerebral palsy patients), are establishing relationships with pharma, biotechnology, medical device, and related companies to accelerate cerebral palsy research. These initiatives are expected to increase the awareness about the disease as well as the funding for research during the forecast period.”

Global cerebral palsy treatment market: Segmentation analysis

The global cerebral palsy treatment market research report provides market segmentation by product (anticonvulsant drugs, antispastic drugs, anticholinergic drugs, NSAIDs, antidepressants, and others) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The Americas held the largest share of the market in 2018, accounting for more than 50% share. It was followed by APAC and EMEA respectively. The dominance of the Americas can be attributed to the rising incidence of cerebral palsy and increasing awareness about cerebral palsy.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181119005716/en/

Business Wire
www.businesswire.com

Last updated on: 19/11/2018

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