United States Autism Spectrum Disorder Therapeutics Market Size, Share, and COVID-19 Impact Analysis, By Drug Therapy (Antipsychotic Drugs, SSRIs/Antidepressants, Stimulants, Sleep Medications), By Disease (Autistic Disorder, Asperger Syndrome, Pervasive Developmental Disorder (PDD)), By Age Group (Children, Adults), By Distribution Channel (Hospital Pharmacies, Drugs Stores & Retail Pharmacies, Online Pharmacies), and United States Autism Spectrum Disorder Therapeutics Market Insights, Industry Trend, Forecasts to 2033

Industry: Healthcare

RELEASE DATE Mar 2024
REPORT ID SI4090
PAGES 200
REPORT FORMAT PathSoft

United States Autism Spectrum Disorder Therapeutics Market Insights Forecasts to 2033

  • The United States Autism Spectrum Disorder Therapeutics Market Size was valued at USD 1.13 Billion in 2023.
  • The Market is Growing at a CAGR of 8.0% from 2023 to 2033
  • The United States Autism Spectrum Disorder Therapeutics Market Size is expected to reach USD 2.44 Billion by 2033

 

United States Autism Spectrum Disorder Therapeutics Market

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The United States Autism Spectrum Disorder Therapeutics Market Size is anticipated to exceed USD 2.44 Billion by 2033, Growing at a CAGR of 8.0% from 2023 to 2033.

 

The US ASD has sparked a surge in demand for innovative therapeutic solutions, leading to the introduction of novel therapies and pharmaceuticals. Thus, the US government is investing in early diagnosis policies and clinical research, with market growth driven by pipeline medications and novel products are driving the growth of the autism spectrum disorder therapeutics market in the United States.     

 

Market Overview

Autism spectrum disorder is complex developmental syndrome characterized by persistent difficulties with social communication, restricted hobbies, and repetitive actions. While autism is considered a lifelong illness, the degree of functional impairment caused by these issues differs across individuals with autism. Autism spectrum disorder (ASD) is a neurodegenerative disorder, that is associated and often overlaps with other conditions such as epilepsy, frequent infections, sleep disorders, anxiety, depression, and gastrointestinal problems. It is diagnosed by the comprehensive and developmental test & it may be detected at 18 months to 2 years of age. A psychological method that helps people manage anxiety, depression, and other mental health difficulties by emphasizing the connections between thoughts, feelings, and behaviors. Autism spectrum disorder (ASD) therapeutics involve various interventions targeting core symptoms, behaviors, and co-occurring conditions, with early intervention and personalized treatment plans crucial for improved outcomes. U.S. food and drug administration (FDA) approved drugs such as aripiprazole and risperidone in the treatment of autism spectrum disorder. Growing investments and fund approvals encourage market players to expand their clinical research to deliver effective autism spectrum disorder therapies, to improve patient outcomes and provide higher accuracy in treating these diseases.

 

Report Coverage

This research report categorizes the market for the United States autism spectrum disorder therapeutics market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the autism spectrum disorder therapeutics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the autism spectrum disorder therapeutics market.

 

United States Autism Spectrum Disorder Therapeutics Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 1.13 Billion
Forecast Period:2023 - 2033
Forecast Period CAGR 2023 - 2033 :8.0%
2033 Value Projection:USD 2.44 Billion
Historical Data for:2019 - 2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Drug Therapy, By Disease, By Age Group, By Distribution Channel
Companies covered:: Aurobindo Pharma Ltd., Curemark, LLC, F. Hoffmann-La Roche Ltd, Merck & Co., Inc., Eli Lilly and Company, PaxMedica, Janssen Pharmaceuticals, Inc., Bristol-Myers Squibb Company, Pfizer Inc., Johnson & Johnson Services Inc., Teva Pharmaceutical Industries Ltd, Otsuka Holdings Co. Ltd., Yamo Pharmaceuticals, H. Lundbeck A/S, Alembic Pharmaceuticals Limited, and Others
Pitfalls & Challenges:COVID-19 Empact, Challenges, Future, Growth, & Analysis

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Driving Factors

The rise in autism spectrum disorder (ASD) in the US has sparked a surge in demand for innovative therapeutic solutions, leading to the introduction of novel therapies and pharmaceuticals, offering more effective and accessible treatment options for ASD patients. The U.S. government is investing in early autism diagnosis policies and programs, as well as funding clinical research studies to advance the field. The growing awareness and improved diagnostic tools in ASD have led to a surge in diagnosed individuals, resulting in a demand for targeted therapies and early diagnosis, particularly for young children. The United States autism spectrum disorder therapeutics market growth is expected to be primarily driven by the increasing number of pipeline medications and novel products introduced by key players. Hence, these factors are significant growth of the United States autism spectrum disorder therapeutics market during the forecast period.

 

Restraining Factors

The US autism spectrum disorder therapeutics market faces financial strain due to rising demand, insurance gaps, and limited access to affordable treatments, affecting healthcare systems and government initiatives. Limited drugs with significant side effects on autistic patients have led to limited treatment adherence. Hence, these factors may hamper the growth of the United States autism spectrum disorder therapeutics market during the forecast period.

 

Market Segmentation

The United States autism spectrum disorder therapeutics market share is classified into drug therapy, disease, age group, and distribution channel.

 

  • The antipsychotic drugs segment is expected to hold a significant share of the United States autism spectrum disorder therapeutics market during the forecast period.    

The United States autism spectrum disorder therapeutics market is segmented by drug therapy into antipsychotic drugs, SSRIs/antidepressants, stimulants, and sleep medications. Among these, the antipsychotic drugs segment is expected to hold a significant share of the United States autism spectrum disorder therapeutics market during the forecast period. The growth can be attributed to the Individuals with ASD are frequently prescribed antipsychotic medicines to treat behavioural issues and symptoms associated with the illness, such as aggression, impatience, and repetitive behaviours. Antipsychotic medications targeting neurotransmitters in the brain alleviate symptoms of ASD, improving quality of life & advancements in drug development and research fuel this segment's prominence in the ASD therapeutics market.

 

  • The autistic disorder segment is expected to hold the largest share of the United States autism spectrum disorder therapeutics market during the forecast period.        

Based on the disease, the United States autism spectrum disorder therapeutics market is divided into autistic disorder, asperger syndrome, and pervasive developmental disorder (PDD). Among these, the autistic disorder segment is expected to hold the largest share of the United States autism spectrum disorder therapeutics market during the forecast period. The segmental growth can be attributed to the growth of the autism spectrum disorder segment is driven by an increasing patient base, increased awareness about the condition, and the demand for effective therapeutic measures.

 

  • The adult segment is expected to hold the largest share of the United States autism spectrum disorder therapeutics market during the forecast period.        

Based on the age group, the United States autism spectrum disorder therapeutics market is divided into children and adults. Among these, the adult segment is expected to hold the largest share of the United States autism spectrum disorder therapeutics market during the forecast period. The segmental growth can be attributed to the growing patient population seeking autism spectrum disorder treatment. The therapeutics market is reinforced by the availability of approved drugs like aripiprazole and risperidone.

 

  • The hospital pharmacies segment is expected to hold the largest share of the United States autism spectrum disorder therapeutics market during the forecast period.        

Based on the distribution channel, the United States autism spectrum disorder therapeutics market is divided into hospital pharmacies, drugs stores & retail pharmacies, and online pharmacies. Among these, the hospital pharmacies segment is expected to hold the largest share of the United States autism spectrum disorder therapeutics market during the forecast period. The segmental growth can be attributed to the prescription pharmaceuticals must be obtained at hospital pharmacies, as most medications can only be provided after a thorough examination by a trained medical specialist.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States autism spectrum disorder therapeutics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Aurobindo Pharma Ltd.
  • Curemark, LLC
  • F. Hoffmann-La Roche Ltd
  • Merck & Co., Inc.
  • Eli Lilly and Company
  • PaxMedica
  • Janssen Pharmaceuticals, Inc.
  • Bristol-Myers Squibb Company
  • Pfizer Inc.
  • Johnson & Johnson Services Inc.
  • Teva Pharmaceutical Industries Ltd
  • Otsuka Holdings Co. Ltd.
  • Yamo Pharmaceuticals
  • H. Lundbeck A/S
  • Alembic Pharmaceuticals Limited
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In September 2022, the national institute of health awarded USD 100 million to support nine autism centers of excellence (ACEs) over the next five years. The ACE program supports research on diagnosis, causes of, and therapies for autism spectrum disease.

 

  • In May 2022, the autism impact fund (AIF) entered into a strategic partnership with arsenal capital partners, a private equity firm. Arsenal invested in AIF to provide best-in-class autism care, diagnostics, and treatments.

 

Market Segment

This study forecasts revenue at United States, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United States autism spectrum disorder therapeutics market based on the below-mentioned segments:

 

United States Autism Spectrum Disorder Therapeutics Market, By Drug Therapy

  • Antipsychotic Drugs
  • SSRIs/Antidepressants
  • Stimulants
  • Sleep Medications

 

United States Autism Spectrum Disorder Therapeutics Market, By Disease

  • Autistic Disorder
  • Asperger Syndrome
  • Pervasive Developmental Disorder (PDD)

 

United States Autism Spectrum Disorder Therapeutics Market, By Age Group

  • Children
  • Adults

 

United States Autism Spectrum Disorder Therapeutics Market, By Distribution Channel

  • Hospital Pharmacies
  • Drugs Stores & Retail Pharmacies
  • Online Pharmacies

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