Attention Deficit Hyperactivity Disorder Treatment Market Projected To Grow With Significant CAGR Ov
Posted: May 28, 2018
Attention Deficit Hyperactivity Disorder Treatment Market Projected To Grow With Significant CAGR Over The Forecast Period
Global Attention Deficit Hyperactivity Treatment Disorder (ADHD) market: Attention deficit hyperactivity disorder also known as hyperkinetic disorder/ neuropsychiatric disorder is one of the most common brain disorder characterized by symptoms of hyperactivity, inattention, and impulsivity. It is commonly observed in children as compared to older population. The exact cause of the Attention Deficit Hyperactivity Disorder (ADHD) is not clear but, expected to be resulted due to genetic factors and environmental factors.
It results in improper functioning of the nervous system that led to inattentiveness and hyperactivity/impulsiveness condition. The major symptoms include easy distraction & striving to maintain focus on one task, unable to remember things, impatience, and being continuously in motion, among others. The treatment includes different modalities such as medication, psychotherapy, and education/training.
The global Attention Deficit Hyperactivity Treatment Disorder (ADHD) market is growing due to changing in lifestyle and systems impacting the quality of the births. Compromised children’s diet with preservatives, increased cases of ADHD in children, increasing awareness among patients and physicians about ADHD treatment are expected to further grow the treatment market for ADHD. However, the presence of comorbid conditions in children leads to underdiagnoses of ADHD treatment, lack of availability of non-stimulant drugs, stringent regulatory guidelines, and a high cost of the medication are expected to hamper the growth of the market.
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The global Attention Deficit Hyperactivity Treatment Disorder (ADHD) Market can be categorized as-
1. Medication type
2. Age group
Pharmacies such hospital, retail, online pharmacies and specialty clinics.
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And lastly on the basis of geographical regions, the global ADHD market has five major regions- North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America holds the largest share in global ADHD treatment market due to rising prevalence of ADHD, increase in healthcare expenditure, ongoing clinical trials, and an early approval of drugs in the U.S., favorable insurance policies and technological advancement for the treatment will fuel the ADHD treatment market. Europe accounts for the significant share due to increase in the population, rising prevalence of ADHD patients, and increased R & D for the innovation of new products. Asia-Pacific holds a dominant share in market owing to developing healthcare infrastructure, government initiatives, etc.
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Some of the key players in the global attention deficit hyperactivity disorder treatment market are Neos Therapeutics, Inc. (U.S.), Pfizer Inc. (U.S.), Supernus Pharmaceuticals, Inc. (U.S.),Shire plc (Ireland), MonoSol Rx(U.S.), KemPharm, Inc. (U.S.), Neurosigma, Inc. (U.S.) and Actavis (U.S.) to name a few. In 2017, Shire Plc received U.S. FDA approval for a long-acting attention-deficit drug Adderall XR aimed at adolescents and adults.
The global ADHD treatment market is in budding stage, several local and international players are actively involved in the growth of the market. Launching of new products, collaborations, acquisitions and mergers, and agreements are some of the key strategies followed by various companies to increase the market share.
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