The Autism Diagnostics Market is expected to witness a strong In Upcoming Years. The ongoing trend speaks of digital transformation. In other words, it’s about the provision of digital solutions being tabled all across. The big thing is that the key stakeholders can’t afford to keep digital technology in a silo. Unification is the need of the hour so that anytime-anywhere access is possible. The enterprise is slated to move with the same mindset in the forecast period.
Autism or autism spectrum disorder (ASD) is a mental disability characterized by challenges with social skills including impaired social behavior, speech and communication. The cause of the disorder is uncertain, but some possible factors may include discrepancies in the development of brain function or due to different genetic combinations and environmental influences.
According to the World Health Organization (WHO), the epidemiology study estimated that one in 160 children has an ASD worldwide.
Autism or ASD is the prevailing disabilities. Thus, the early identification, assessment, and diagnosis is the first step toward autism treatment.
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Increasing autism patients and rising number of government-sponsored autism awareness programs to promote and provide behavioral health solutions conduction of E-learning program to create awareness in every corner of the world and introduction of reimbursement policies are the factors expected to fuel the autism diagnostics market during the forecast period.
Growing research and development activities to provide effective treatment solutions, rising number of pharmaceutical products for autism treatment, emerging advancement in technology, and pipeline drugs are another key fueling factors for autism diagnostics market. On the other hand, stringent regulations on product approval and lack of awareness expect to hamper the autism diagnostics market growth.
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Based on type, the autistic disorder segment holds the major market share in the autism diagnostics market owing to the rising prevalence of ASD among the population. Based on drug class, antipsychotic drug risperidone hold the major market value share owing to the clinical effectiveness of the drug in adults and children.
Based on treatment type, communication and behavioral therapy’s ABA therapy expects to account major revenue share in the autism diagnostics market owing to its ability to provide effective solutions during the therapy based on the behavioral improvement of the patient. Hospital pharmacies hold the major share in the autism diagnostics market due to large patient pool.
North America continues to dominate the global autism diagnostics market owing to the increased number of autism patients, rising awareness among people, increasing investment in healthcare expenditure with the availability of adequate infrastructure and autism diagnostic centers are some of the factors that expected to drive the autism diagnostics market growth in the region. According to the Center for Disease Control & Prevention (CDC), in the U.S. the rate of diagnosis of autism has increased from 16.2% in 2009–2011 to 17.8% in 2015–2017.
Europe is the second-largest region in the autism diagnostics market attributing rising awareness among the population about the ASD, and increased research and development activities in the region. Asia-Pacific is an emerging region owing to rising awareness about early diagnosis in the region. The Middle East & Africa exhibits the steady growth due to lack of access to healthcare expenditure and lack of awareness among people about the diagnosis but likely to present immense opportunities to the autism diagnostics market during the forecast period.
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The key players contributing to the autism diagnostics market are Pfizer, Inc., Novartis AG, Allergan, Merck &Co Inc., Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Teva Pharmaceutical Industries Ltd., Johnson & Johnson Services, Inc., Bristol –Myer Squibb, Otsuka Holdings Co., Ltd., Par Sterile Products, LLC, Janssen Pharmaceuticals, Inc., Actavis, Inc., Curemark LLC., Mylan Pharmaceuticals, Asuragen Inc., and others.
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