Global Attention-Deficit Hyperactivity Disorder Market Size By Treatment Type, By Age Group, By Subtypes Of Adhd, By Geographic Scope And Forecast
Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Attention-Deficit Hyperactivity Disorder Market Size By Treatment Type, By Age Group, By Subtypes Of Adhd, By Geographic Scope And Forecast
Attention-Deficit Hyperactivity Disorder Market Size And Forecast
Attention-Deficit Hyperactivity Disorder Market size was valued at USD 23.74 Billion in 2023 and is projected to reach USD 38.96 Billion by 2030, growing at a CAGR of 7.05 % during the forecast period 2024-2031.
Global Attention-Deficit Hyperactivity Disorder Market Drivers
The market drivers for the Attention-Deficit Hyperactivity Disorder Market can be influenced by various factors. These may include
- Growing Diagnosis and Awareness As ADHD is becoming more widely acknowledged as a real medical disease, parents, educators, and healthcare professionals are becoming more aware of the disorder. Due to increased accuracy in ADHD diagnosis and treatment brought about by this awareness, there is a growing market for related drugs and therapies.
- Growing Prevalence of ADHD ADHD is becoming more commonplace worldwide, especially among kids and teenagers. The rising frequency of ADHD is attributed to a number of variables, including genetic predisposition, environmental factors, and modifications in diagnostic criteria. These factors also serve to increase the patient population and propel market expansion.
- Improvements in Diagnosis and Treatment Ongoing research and development initiatives have resulted in improvements in ADHD diagnosis methods and available treatments. A deeper comprehension of the neurological causes of ADHD has led to the creation of innovative drugs, behavioural treatments, and non-pharmacological therapies, which have stimulated market innovation.
- Extending Treatment choices There are many different treatment choices available for ADHD, including behavioural therapy, non-stimulant medication, stimulant medication, and alternative methods. The market is growing because a variety of treatment methods are available, enabling healthcare practitioners to customise treatment plans based on the needs of each individual patient.
- Emphasis on Mental Health Awareness As mental health conditions, like ADHD, become more widely known and accepted, the necessity of treatment is also becoming more apparent. Demand for ADHD-related goods and services has increased as a result of public health campaigns and advocacy initiatives that try to lessen the stigma attached to ADHD and encourage people to seek help.
- Expanding academic and Development Initiatives To find novel therapeutic targets and enhance current ADHD treatment choices, pharmaceutical companies and academic institutions are actively involved in research and development operations. Research and development expenditures have produced novel drugs with enhanced safety and efficacy profiles, propelling market expansion.
- Government Policies and Initiatives The market is growing as a result of government policies that encourage research on ADHD, provide access to healthcare services, and raise public awareness of mental health issues. In addition to addressing unmet medical requirements, policies that support early diagnosis, intervention, and treatment of ADHD also increase demand for related goods and services.
Global Attention-Deficit Hyperactivity Disorder Market Restraints
Several factors can act as restraints or challenges for the Attention-Deficit Hyperactivity Disorder Market. These may include
- Misconceptions and Stigma Despite growing awareness, there is still stigma associated with ADHD. False beliefs about the illness may result in underdiagnosis, undertreatment, or a refusal to seek assistance, which would restrict the expansion of the market.
- Limited Effectiveness of Treatment Although ADHD can be treated in a number of ways, not all people benefit from the current therapies. Market expansion may be impeded by certain treatments or procedures that have limited efficacy or related harmful effects.
- Exorbitant Treatment Costs Treating ADHD can be extremely expensive, particularly if specialised behavioural therapy or long-term medication are required. Expensive therapy might make it difficult for people with little money to get access, which would hinder market expansion.
- Regulatory Obstacles Tight regulations pertaining to marketing authorization and drug approval could impede the release of novel drugs or treatments onto the market. Regulations can stifle creativity and restrict the availability of cutting-edge ADHD treatment solutions.
- Issues Regarding Excessive Diagnosis and Medication Both the medical establishment and the general public are concerned about the overdiagnosis and overmedication of ADHD, especially in children. Fear of possible drug side effects or the long-term implications of overdiagnosing could affect treatment choices and limit market expansion.
- Comorbid Conditions Anxiety, sadness, and substance misuse are among the mental health conditions that frequently coexist with ADHD. Managing co-occurring disorders with ADHD can make treatment plans more difficult to implement and lead to less than ideal results, which can reduce demand for ADHD-specific medications.
- Access to Healthcare ServicesGrowth in the market may be constrained by differences in people’s ability to obtain healthcare services, such as specialised ADHD treatments and diagnostic assessments. ADHD may go undiagnosed and untreated in impoverished neighbourhoods or rural locations due to inadequate access to healthcare resources.
- Alternative Treatment Approaches Compared to traditional medical treatments, some people with ADHD may choose complementary or alternative therapy. Alternative therapies, like nutritional supplements and behavioural therapies, are becoming more and more popular, and this could cause market demand to shift away from conventional pharmaceutical items.
Global Attention-Deficit Hyperactivity Disorder Market Segmentation Analysis
The Global Attention-Deficit Hyperactivity Disorder Market is Segmented on the basis of Treatment Type, Age Group, Subtypes of ADHD, And Geography.
Attention-Deficit Hyperactivity Disorder Market, By Treatment Type
- Medication Pharmaceutical treatments for ADHD, including stimulants (such as methylphenidate and amphetamines) and non-stimulants (such as atomoxetine and guanfacine).
- Behavioral Therapy Non-pharmacological interventions focusing on modifying behavior, improving organizational skills, and enhancing coping strategies.
- Combined Therapy A combination of medication and behavioral therapy for comprehensive management of ADHD symptoms.
Attention-Deficit Hyperactivity Disorder Market, By Age Group
- Children Diagnosis and treatment of ADHD in pediatric patients, typically ranging from preschool age to adolescence.
- Adults Diagnosis and treatment of ADHD in adult patients, addressing challenges related to work, relationships, and daily functioning.
Attention-Deficit Hyperactivity Disorder Market, By Subtypes of ADHD
- Predominantly Inattentive Presentation ADHD characterized primarily by symptoms of inattention, such as difficulty focusing, forgetfulness, and disorganization.
- Predominantly Hyperactive-Impulsive Presentation ADHD characterized primarily by symptoms of hyperactivity and impulsivity, such as restlessness, fidgeting, and acting without thinking.
- Combined Presentation ADHD characterized by a combination of symptoms of inattention, hyperactivity, and impulsivity.
Attention-Deficit Hyperactivity Disorder Market, By Geography
- North America Market conditions and demand in the United States, Canada, and Mexico.
- Europe Analysis of the ATTENTION-DEFICIT HYPERACTIVITY DISORDER MARKET in European countries.
- Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
- Middle East and Africa Examining market dynamics in the Middle East and African regions.
- Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Attention-Deficit Hyperactivity Disorder Market are
- Eli Lilly and Company
- Pfizer Inc.
- Johnson & Johnson Services Inc.
- Lupin
- Novartis AG
- Takeda Pharmaceutical Company Limited
- Mallinckrodt plc.
- Purdue Pharma LP
- NEOS Therapeutics Inc.
- Supernus Pharmaceuticals Inc.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2031 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Eli Lilly and Company, Pfizer Inc., Johnson & Johnson Services Inc., Lupin, Novartis AG, Mallinckrodt plc., Purdue Pharma LP, NEOS Therapeutics Inc., Supernus Pharmaceuticals Inc. |
SEGMENTS COVERED | By Treatment Type, By Age Group, By Subtypes Of Adhd, By And Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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