The Asperger Syndrome market is expected to reach USD 0.8 Billion by 2030 at 3.70% CAGR during the forecast period 2022-2030. Asperger’s syndrome is also called Autistic Spectrum Disorder which generally initiates in childhood and continues to stay till death. There are few key differences between those diagnosed with autism and those with Asperger’s syndrome. Several medical professionals have believed that Asperger’s syndrome is a milder form of autism. Generally, the symptoms showed up in the Asperger’s syndrome are milder; however, the children are later diagnosed with an autism spectrum disorder.
The increasing prevalence of the autism and wide spectrum of the condition are the primary reasons for the overall growth of the Asperger syndrome industry. Recently, World Health Organization has stated that there were around 1 in 160 children diagnosed with autism. Recent studies show that there are several causes for the syndrome such as premature delivery, a child born within a year after its sibling, family history, older parents, any mental disorder, epilepsy, or tumor in the brain. An increasing number of causes for the condition and environmental factors have increased the overall Asperger syndrome market growth in recent years.
COVID 19 Analysis:
The outburst of COVID 19 has significantly increased the rate of mental disorders in several countries. The prolonged lockdown, disturbance in the normalcy of lifestyle, fear of getting ill and economic decline are the primary causes for the psychological disorders. Especially, young adults and children who already possess Asperger syndrome suffer due to the complex changes in their lifestyle. Such individuals were projected to follow a restricted routine within a closed room, restriction in movements has increased the anxiety, stress, and confusion in such individuals. These factors have significantly impacted the growth of the Asperger Syndrome Market value.
Asperger Syndrome Market Dynamics:
The advancements in Psychopharmacology in terms of designing their medications to target specific patients and possessing fewer side effects yet more effective have increased the overall growth of the Asperger Syndrome industry in recent years.
The increasing prevalence of autism spectrum disorder and Asperger syndrome, while there are still many cases that are not given the required medication is creating a significant impact on the growth of the Asperger syndrome market in recent years.
The increasing cases of Asperger syndrome are primarily due to the genetic history and delivering twins or triplets children possessing the condition. If any one of the children possesses the condition, then there are about 95% chances for the other children to have the syndrome.
The varied availability of therapies and treatments has been utilized in the medical departments to help the children diagnosed with the condition. Some of the most prevalent therapies and medications are dietary changes, medications, psychological therapy, speech and language therapy, art and music therapy, physical and occupational therapy that helps to build the motor skills in the patients. Effective medications like mood stabilizers and seizure control medications like Lamotrigine, Carbatrol, Tegretol, Epitol are helping the medical practitioners to attain their goal in medical cases.
The symptoms observed in two different patients can be extremely different, and the treatment given to the patients are generally trial and error method which is time-consuming and prevalence of varied perspective of the patients over their symptoms can be extremely different too. Such factors have restricted the growth of the Asperger syndrome market.
The presence of fewer drugs like Aripiprazole and risperidone for managing the symptoms, fewer drugs that are approved by the FDA is considered as the major restraining factor for the growth of the Asperger Syndrome industry.
Asperger Syndrome Market Challenges:
Minimal awareness about the condition is considered as the primary restraint for the growth of the Asperger syndrome industry. Moreover, poor health insurance coverage for treating the symptoms of Asperger Syndrome is restraining the market growth.
The diagnosis and treatment for Asperger Syndrome Disorder require skilled professionals and could be very time-consuming. Effective coordination and deep analysis are required in prescribing the treatment plan for the patient. Poor economic condition is also becoming the primary challenge in the Asperger Syndrome industry.
Asperger Syndrome Market Cumulative growth analysis:
The advancements in the therapies to treat Asperger syndrome have been creating a huge impact on the Asperger syndrome industry in recent years. The advent of gene therapy which involves injecting a health gene onto a harmless virus and then injecting the virus into the patient’s body helps the cells to acquire the protein that is missing. This practice is approved for certain conditions and treatments like vision impairment and a certain type of cancer. Despite the decline in the economy, the market seems to be going steadily with the advancements in technology.
Recently, gene therapy is considered the most effective treatment for Asperger’s syndrome, as the injected genes are capable of reaching the brain cells effectively. The recent experimental treatment on replacing the fragile X syndrome has eased out or even reversed the condition effectively. The abnormal motor activity and anxiety problems were reversed. Other treatments that involve modifying the DNA and RNA in terms of their protein-making instructions, disabling their functionality have been working well. Such advancements in the treatments and medications have impacted the growth of the Asperger Syndrome industry positively.
Asperger Syndrome Market Value chain analysis:
The Asperger syndrome can be developed into Autism for some children, which involves difficulties in socializing, communication issues, behavior, anxiety, fear, and similar other emotional issues. The condition may persist till adulthood and could bring in difficulties in marriage, as the patient might it difficult to understand the emotions of the partner, lack of humor sense or capability in understanding the other mate’s emotions might affect the quality of life. In the previous years, people have not been aware of the complexity of the condition, but in recent times, the condition is hugely addressed at its early stages. Therefore the complexities of the condition are reduced well ahead of time. The continuous researches based on the condition and treatment or the condition has been increasing in recent years. Some evidence has shown that proper medications such as prenatal vitamins given to expecting mothers have reduced the probability of the child getting the syndrome.
Asperger Syndrome Market Segment Overview:
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Asperger Syndrome Market Regional Analysis:
America is currently in the dominating position in the Asperger Syndrome industry. Over 3.5 million Americans are living with the condition according to a recent study. Within a decade, some regions in America showcases over a 119.4% increase in terms of the number of cases. The costs incurred in treating the condition have increased by over USD 236-262 billion in recent years. Such factors have increased the overall growth of the Asperger Syndrome industry.
The governmental initiatives and presence of leading market players in Europe are the primary reasons for the growth of the Asperger Syndrome industry in Europe. Ease in the reimbursement policies and advancing infrastructure of the healthcare centers are bolstering the growth of the Asperger Syndrome industry.
Asperger Syndrome Market Competitive Landscape:
The advent of gene therapy in the Asperger syndrome industry has created tremendous growth in recent years. The modification of a defective gene or changing the characterization of the gene in the patient with the help of a harmless virus carrying a healthy gene is a very effective way of treating the condition. The FDA approval for the gene therapy in treating the Asperger syndrome is bolstering the growth of the Asperger syndrome market value.
The QBM-001 drug which helps in treating the minimal verbal disorder is considered a supreme invention in treating autism and Asperger syndrome. The RNA biomarkers combined with PMVA is utilized to accelerate the efficacy of QBM-001 is another clinical development that has received huge appreciation in the industry.
Asperger Syndrome Market Report Overview:
This report has covered:
|Market Size||2030: Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Diagnosis, Treatment, and End-use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Eli Lilly and Company's, Shire, Jazz Pharmaceuticals, Pfizer, GlaxoSmithKline, Forest Laboratories, Inc., Johnson and Johnson, Bristol-Myers Squibb, Otsuka Pharmaceutical Company, Ltd., Johnson & Johnson Services, Inc., AstraZeneca, Allergan, Inc., and others|
|Key Market Opportunities||
|Key Market Drivers||
Asperger syndrome is a developmental disorder characterized by repetitive behaviors, unusual preoccupations or rituals, limited range of interests, problems with social skills, communication difficulties, and coordination problems.
Asperger Syndrome Market is expected to exhibit a strong 3.70% CAGR over the forecast period from 2022 to 2030.
Growing awareness about autism spectrum disorders is the major driver for the Asperger Syndrome Market.
Americas dominate the Global Asperger Syndrome Market due to growing awareness about developmental disorders in the region.
Leading players in the Asperger Syndrome Market include Eli Lilly, Bristol-Myers Squibb, and Shire, among others.