Tourette Syndrome Treatment Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The tourette syndrome treatment market size has grown strongly in recent years. It will grow from $2.23 billion in 2023 to $2.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to advancements in pharmacotherapy, clinical research and understanding, development of supportive therapies, improvements in diagnosis and awareness, and regulatory approvals and guidelines.
The tourette syndrome treatment market size is expected to see strong growth in the next few years. It will grow to $3.04 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to advancements in precision medicine, expansion of telehealth services, integration of digital health solutions, increased research funding, and the rise of complementary and alternative therapies. Major trends in the forecast period include gene therapy advances, expanded access to care, non-pharmacological interventions, global collaborative initiatives, and the emergence of behavioral therapies.
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Scope Of Tourette Syndrome Treatment MarketThe Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Tourette Syndrome Treatment Market Overview
Market Drivers -The increase in healthcare expenditure is expected to propel the growth of the tourette syndrome treatment market going forward. Healthcare expenditure refers to the total amount of money spent on healthcare goods and services, including medical treatments, medications, hospitalizations, and preventive care, within a specified period, reflecting the overall cost of healthcare provision within a population. Healthcare expenditure is rising due to the increasing cost of advanced medical technologies, aging populations, and the prevalence of chronic diseases. Healthcare expenditure in Tourette syndrome treatment is utilized for developing advanced diagnostic tools, medications, and behavioral therapies. It also supports ongoing research, patient education, and access to specialized care services. For instance, in January 2024, according to the National Institutes of Health, a US-based government agency, healthcare expenditure in the US rose by 4.1% in 2022 to reach $4.5 trillion, representing a faster growth rate compared to the 3.2% increase observed in 2021. Therefore, the increase in healthcare expenditure is driving the growth of the tourette syndrome treatment market.
Market Trends – Major companies operating in the tourette syndrome treatment market are focused on developing technologically advanced products, such as wearable neuromodulation devices, to gain a competitive edge in the market. A wearable neuromodulation device is a portable electronic device designed to deliver targeted electrical or magnetic stimulation to specific nerves or brain regions to modulate neural activity. It is often used to treat neurological disorders, manage pain, or enhance cognitive functions. For instance, in August 2021, Neurotherapeutics Solutions Ltd., a UK-based medical device company, launched a wearable neuromodulation device designed to help control the symptoms of tourette’s syndrome. This stimulation is designed to entrain rhythmic electrical brain activity associated with the suppression of movements, ultimately reducing tic frequency, tic intensity, and the urge-to-tic in individuals with tourette syndrome.
The tourette syndrome treatment market covered in this report is segmented –
1) By Drug Class: Antiadrenergic Agents, Antipsychotic Agents, Atypical Antipsychotic Agents, Carbonic Anhydrase Inhibitor Anticonvulsants, Other Drug Classes
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
3) By Application: Children, Adult
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Regional Insights – North America was the largest region in the tourette syndrome treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tourette syndrome treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the tourette syndrome treatment market are F Hoffmann-La Roche AG, AbbVie Inc., Bayer AG, Sanofi S.A., Bristol-Myers Squibb, AstraZeneca PLC, Novartis International AG, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Viatris Inc., Otsuka Pharmaceutical Co. Ltd., Biogen Inc., Eisai Co. Ltd., Jazz Pharmaceuticals plc, Mitsubishi Tanabe Pharma Corporation, Kyowa Kirin Co. Ltd., Amneal Pharmaceuticals, Mallinckrodt Pharmaceuticals, Neurocrine Biosciences, Sunovion Pharmaceuticals Inc., Supernus Pharmaceuticals, Lundbeck AS, Voyager Therapeutics Inc., NeuroSigma Inc.
Table of Contents 1. Executive Summary2. Tourette Syndrome Treatment Market Report Structure3. Tourette Syndrome Treatment Market Trends And Strategies4. Tourette Syndrome Treatment Market – Macro Economic Scenario5. Tourette Syndrome Treatment Market Size And Growth…..27. Tourette Syndrome Treatment Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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