North America Market Analysis
North America autism spectrum disorder treatment market is expected to dominate revenue share of around 46.1% by the end of 2037, due to the high prevalence of ASD in the U.S, and Canada, rising investments in developing novel drugs and therapies, and favorable government initiatives to support the ASD detection and treatment.
The U.S. leads the region owing to its strong healthcare infrastructure, need for efficient treatment alternatives is fueled by the growing prevalence of ASD, rising awareness, and improvements in diagnostic techniques. Additionally, improving treatment accessibility and quality has been greatly aided by government financing and programs.
In Canada, the market is expected to register significant growth during the forecast period owing to strong government-led initiatives and frameworks, increasing ASD research-based projects, and growing awareness about importance of early detection and diagnosis of ASD.
Asia Pacific Market Analysis
Asia Pacific in autism spectrum disorder treatment market is expected to experience a stable CAGR during the forecast period. The region's growth can be ascribed to the existence of prominent market participants and their deliberate efforts to create and introduce novel products for ASD treatment. For example, Teijin Pharma and Hamamatsu Medical University, among others, verified in May 2022 that oxytocin nasal spray is safe, effective, and tolerable for treating individuals with autism spectrum conditions.
China holds a dominant position due to the growing government and nonprofit awareness programs; public and medical professionals are now better equipped to comprehend and recognize ASD. The increased training of healthcare personnel and advancements in diagnostic equipment technology have led to an increase in the rates of early diagnosis. Early intervention is necessary for better treatment outcomes, which drives autism spectrum disorder treatment market growth.
Author Credits: Radhika Pawar
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