Muscle Spasticity Treatment Market Future Growth, Competitive...

Muscle Spasticity Treatment Market Future Growth, Competitive Analysis and Competitive Landscape till 2030

Posted 2024-02-21 07:51:11

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Market Dynamics:

The global market for treating muscle spasticity demonstrated significant strength in 2021 and is poised to exhibit a rapid revenue compound annual growth rate (CAGR) throughout the forecast period. The increasing prevalence of musculoskeletal disorders worldwide, encompassing over 150 different conditions affecting muscles, bones, joints, and nearby connective tissues, resulting in temporary or permanent limitations in functioning and participation, is a key driver. However, the market growth may be constrained by the serious adverse effects associated with muscle spasticity treatment medications and the lack of awareness about the condition.

Spasticity, a motor disease characterized by tightness or stiffness, is marked by a velocity-dependent increase in muscle tone or tonic stretch reflexes associated with hypertonia.

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Factors Supporting Market Growth:

Various factors contribute to the revenue growth of the muscle spasticity market. Spasticity impacts a significant portion of individuals across various conditions like stroke, cerebral palsy (CP), traumatic brain injury (TBI), spinal cord injury (SCI), and multiple sclerosis (MS). According to the Global Burden of Disease 2019 data, there's a considerable global burden of muscle-related disorders, including rheumatoid arthritis, osteoarthritis, low back pain, neck discomfort, fractures, and other injuries, affecting approximately 1.71 billion people worldwide. Musculoskeletal issues affect individuals of all age groups, with low back pain alone prevalent in 570 million cases globally. Furthermore, the elderly population, with their weakened immune systems, is particularly susceptible to muscle spasticity, thereby contributing further to market growth.

Restraints:

Clinicians and patients are encouraged to prioritize non-pharmacological treatments for muscle spasticity, such as home exercises and interdisciplinary rehabilitation procedures, which may impede the revenue growth of the treatment market. Various physical modalities and treatments, including direct tendon pressure, splinting, serial casting, heat and cold modalities, functional electrical stimulation, vibration, and biofeedback, should be considered. The use of pharmacological treatments is associated with side effects, potentially limiting market growth.

Opportunities:

High-income nations, the WHO Western Pacific Region, and the WHO South-East Asia Region are among the most affected regions, totaling approximately 1.24 billion people. The rise in research and development activities focused on pharmaceuticals for symptomatic muscle spasticity treatment is driving market expansion. Institutional initiatives to collaborate with major corporations for muscle spasticity research are expected to boost market revenue growth.

Geographic Market Scenario:

Largest Market Share:

North America is anticipated to hold the largest revenue share during the forecast period. This can be attributed to the introduction of new treatment options, increased healthcare expenditures, availability of treatment choices, and rising awareness of the disease in the region.

Fastest Growing Region:

Asia Pacific is expected to witness significant revenue growth, driven by a considerable increase in the geriatric population in countries like China and India, as well as the presence of generic manufacturers and the expansion of healthcare facilities.

Key Market Trends and Innovations:

Clinical trials for muscle selection and botulinum toxin effect treatment results for post-stroke elbow flexor spasticity have been conducted. Additionally, injections of human recombinant hyaluronidase are being tested in a single-center, double-blind, randomized, placebo-controlled, crossover Phase II trial on individuals with stiff upper limb muscles after a stroke.

Competitive Landscape:

Organic and inorganic strategies are being adopted by market players. For instance, in July 2021, the U.S. Food and Drug Administration (FDA) approved a label expansion for AbbVie’s Botox to include eight new muscles for the treatment of upper limb spasticity in adults.

Major Companies in the Market Include:

Eli Lilly and Company
Flexion Therapeutics
Ipsen Pharma
Allergan
Acorda Therapeutics, Inc.
Merz Pharma
Beximco Pharmaceuticals Ltd.
Hoffmann-La Roche Ltd.
Novartis
Sun Pharmaceuticals
Teva Pharmaceutical Industries

Report Offerings and Superiority:

The report provides historical data, forecasts, and revenue growth analysis at a global, regional, and country level, along with industry trends, consumption pattern details, and competitive landscape analysis. Additionally, it offers insights into industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and revenue share contribution by each regional and country market. Furthermore, the report includes company financials and impact analysis.

End-Use Outlook:

Hospital Pharmacies
Retailer Pharmacies
Online Pharmacy Stores

Distribution Channel Outlook:

Offline
Online

Treatment Outlook:

Diazepam
Botulinum Toxin
Dantrolene Sodium
Tizanidine
Baclofen
Others

Route of Administration Outlook:

Oral
Parenteral
Others

Drug Type Outlook:

Prescription Drugs
Over-the-Counter Drugs

Dosage Form Outlook:

Tablets
Injections

Regional Outlook:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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