Autism Diagnostics Market size is expected to cross USD 5.4 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of autism diagnostics was over USD 2 Billion. The growth of the market for autism diagnostics is growing due to advances in biotechnology and increased access to healthcare facilities worldwide. For example, the American Medical Association (AMA) reports that in 2020, U.S. health spending climbed by 9.7% to USD 4.1 trillion, or USD 12,530 per capita.
In addition, manufacturing processes slowed down as a result of some healthcare organizations closing their doors in the early phases of the extraordinary epidemic. Furthermore, the cessation or postponing of therapy sessions for children with autism was caused by the closing of therapy centers and services connected to autism disorders. Nonetheless, telemedicine solutions have been widely adopted by patient caretakers and families due to the rising anxiety levels of autistic patients and their increased vulnerability to COVID-19. This element also raised the market for therapies and other prescription off-label treatments like SSRIs, antipsychotics, and sleep aids. Moreover, a further factor in the market's expansion during COVID-19 was the rise in the use of internet channels to purchase autism drugs.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~ 8% |
Base Year Market Size (2023) |
~ USD 2 Billion |
Forecast Year Market Size (2036) |
~ USD 5.4 Billion |
Regional Scope |
|
Type (Autistic Disorder, Asperger Syndrome, Childhood Disintegrative Disorder)
The autistic disorders segment is predicted to hold 50% share of the global autism diagnostics market by 2036. This is due to initiatives done by the government and industry participants, as well as factors like increased research and development. In addition to having an intellectual handicap, people with autism disorder typically experience severe language delays, social and communication difficulties, strange behaviours, and peculiar hobbies. The percentage of American children with autism has increased from 1 in 44 to 1 in 36. In the United States, 1 in 100 girls and 4 in 100 boys are autistic. In the United States, 1 in 100 girls and 4 in 100 boys are autistic. Compared to girls, boys have a nearly 4-fold higher diagnosis rate for autism.
Drug Class (Serotonin Uptake Inhibitors, Insomnia Drugs, Anticonvulsants, Antipsychotics)
Autism diagnostics market from the antipsychotics segment is attributed to hold largest revenue share of about 40% during the forecast period. Antipsychotic medications are now widely available and are the safest and most successful treatment for individuals with autism, which explains this development. The only drugs currently licenced by the FDA to treat irritability in kids with autism spectrum conditions are Abilify and Risperdal. Patients with autism typically utilise these medications because of their superior safety, effectiveness, and tolerability compared to other medications.
Our in-depth analysis of the global autism diagnostics market includes the following segments:
Type |
|
Drug Class |
|
Treatment Type |
|
Distribution Channel |
|
North America Market Forecast
Autism diagnostics market in North America region is anticipated to hold largest revenue share of about 30% by the end of 2036. The growth of the market in this region is due to the introduction and quick adoption of several autism medications. It is anticipated that the region's increased ASD research activity is expected to create new growth prospects. The United States has maintained a sizable market share in North America. The prevalence of autism spectrum diseases, rising R&D costs, and an increase in investment volume are the main drivers of market expansion. For example, according to a Centres for Disease Control and Prevention (CDC) update from March 2022, around 1 in 44 children has been diagnosed with autism spectrum disorder (ASD). As a result, the nation's need for treatment for autism spectrum disorders is rising. For example, F. Hoffmann-La Roche Ltd. started a clinical trial research in January 2020 in Toronto, Canada, for individuals with autism using the novel investigational medication Balovaptan. It is anticipated that the study's successful conclusion will stimulate market expansion.
Europe Market Statistics
Europe autism diagnostics market is expected to hold 27% of the revenue share by 2036, owing to the rising R&D activity and a growing public awareness of autism. The growth of the market in this region is because of increased awareness and screening, easier access to assistance, and broader diagnostic criteria. Moreover, it is projected that throughout the projection period, increased product sales will strengthen the market in the area.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?