QY Research has published a new report titled, “Global Autism Spectrum Disorder Diagnosis and Therapeutics Market Size, Status and Forecast 2019-2025”, which provides an assessment of the key trends and opportunities that impact the market over the forecast period. The report also evaluates the historical and current market scenario to estimate the future of the market with precision.
As per the report, the global autism spectrum disorder diagnosis and therapeutics market is estimated to grow to US$10.5876 bn by the end of 2025. The market will register a moderate CAGR of 4.09% throughout the forecast period.
Global Autism Spectrum Disorder Diagnosis and Therapeutics Market: Drivers and Restraints
The swelling pipeline drugs and introduction of novel products by the key manufacturers are the primary factors driving the growth of the market. Early diagnosis of autism spectrum disorder (ASD) and increasing research and development activities are also expected to have a positive impact on the market in the coming years. Factors such as the rising government-sponsored awareness programs for autism and technology advancements have led to many e-learning programs to create awareness for autism across the world.
However, the lack of specialist doctors to examine the autism spectrum disorder is creating a negative impact on the growth of the market during the forecast period.
Global Autism Spectrum Disorder Diagnosis and Therapeutics Market: Geographical Outlook
North America is likely to dominate the autism spectrum disorder diagnosis and therapeutics market due to the growing adoption of innovative technologies in this region. Europe is also expected to drive the growth of the market because of the increasing R&D activities in the region. Analysts expect that Asia Pacific will grab a remarkable market share due to the growing urban population and increasing number of pharmaceutical companies as they invest in the development of their pipeline therapeutics.
Global Autism Spectrum Disorder Diagnosis and Therapeutics Market: Segment Analysis
The autism spectrum disorder diagnosis and therapeutics market are segmented into type and application. The product type segment is segmented into childhood disintegrative disorder, autistic disorder, Asperger’s syndrome, and others. The application segment is segmented into adults, children, and teenagers.
Global Autism Spectrum Disorder Diagnosis and Therapeutics Market: Key Players
Some of the top players operating in the global autism spectrum disorder and therapeutics market are Johnson & Johnson, Otsuka, Eli Lilly, AstraZeneca, and Pfizer.
Global Autism Spectrum Disorder Diagnosis and Therapeutics Market: Competitive Landscape
The companies are adopting the strategy for the research and development activities to develop or improve the products and manufacturing process. For instance, one of the top players, Pfizer has newly opened its new research and development sector in Chesterfield, Missouri to This new to test the potential vaccines and medicines.