Increased Awareness among Parents Drives Global Cerebral Palsy Market

San Francisco, California, November 14, 2018: According to a recent market research report by TMR Research, the global market for cerebral palsy has picked pace owing to a vast improvement in awareness among parents regarding the condition and the available treatment methods. The report also suggests that the factor will continue to remain the leading driver for the market over the period between 2017 and 2025. The report is titled “Cerebral Palsy Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025.”

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The market is also likely to benefit from the improved access to advanced healthcare facilities gained by a constantly rising set of people across the globe and improved affordability of advanced treatments owing to rising disposable incomes globally. Increased funds being spent on R&D activities with the aim of developing more effective cures for the condition are also expected to help the market expand at a promising pace in the next few years.

In emerging economies, encouraging government policies are driving pharmaceutical companies to expend increased resources on the development of better treatments for cerebral palsy. In developed economies, supportive medical reimbursements are likely to help the market pick pace. On the other hand, certain challenges such as the side effects associated with the use of common cerebral palsy treatments and preference to alternative treatment methods such as rehabilitation and physiotherapy in a number of regional markets could hamper the growth prospects of the market to a certain degree.

From a geographical standpoint, the market in North America is presently the leading regional market for cerebral palsy treatments as the region has well-established healthcare facilities and encouraging medical reimbursement scenario. The high prevalence of the condition and a high level of awareness among parents also work in favor of the regional market.

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Some of the leading companies operating in the global cerebral palsy market are Cell Cure Neurosciences, Ltd., Acorda Therapeutics, Inc., CHA Bio & Diostech Co., Ltd., Allergan, Inc., K-Stemcell Co., Ltd., Cellular Biomedicine Group, Inc., and Neuralstem, Inc.

North America to Dominate Global Cerebral Palsy Market

San Francisco, California, July 19, 2017: TMR Research announces a new report on the global cerebral palsy market. The report examines all aspects of the global cerebral palsy market and provides readers with a clear picture of the growth trajectory the market is likely to exhibit in the coming years. The segmentation of the global cerebral palsy market is examined in great detail in the report, providing readers with a clear view of the market’s hierarchy. The report is titled ‘Cerebral Palsy Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.’

Cerebral palsy is a neurological condition that hampers the development of infant brains and can lead to several issues regarding muscle coordination and development. Ataxia is a common result of cerebral palsy, along with spasticity of various muscles and problems regarding reflexes or movement. The growing body of information about neurological diseases is likely to drive the global cerebral palsy market at a steady rate in the coming years, as various aspects of cerebral palsy can now be encountered better with advanced medicinal products.

The steady development of the global healthcare sector is likely to remain a vital driver for the global cerebral palsy market in the coming years. Neurological diseases are among the most liberally funded diseases in terms of research opportunities due to their growing prevalence, and are likely to remain among the key investment channels in the coming years, leading to steady growth of the cerebral palsy market. The rising government support to healthcare research in several regions across the world is also likely to remain a key driver for the global cerebral palsy market, as neurological research is often resource-intensive.

The rising support given to the cord blood and stem cell sector is also likely to help the cerebral palsy market in the coming years, as cord blood therapies are likely to be a key part of cerebral palsy treatment in the coming years.

Due to the expensive nature of cerebral palsy treatment as well as the resource-intensive nature of research, the global cerebral palsy market is dominated by developed countries. Lack of awareness about cerebral palsy in developing economies and the lack of advanced medical facilities has also contributed to the relatively minor role played by developing economies in the global cerebral palsy market.

North America, followed by Europe, is likely to remain the leading contributor to the global cerebral palsy market in the coming years. The strong medical research scenario in countries such as the U.S., Canada, and the U.K. is a key aid for the global cerebral palsy market. The smooth growth of the cord blood and stem cell therapeutics sector in developed countries such as these is also likely to aid the cerebral palsy market in these regions.

The competitive dynamics of the global cerebral palsy market are profiled in the report in order to provide readers with a clear picture of the factors likely to affect their companies in the coming years. Leading cerebral palsy market players assessed in the report include Allergan Inc., Cell Cure Neurosciences Ltd., Neuralstem Inc., Cellular Biomedicine Group Inc., Acorda Therapeutics Inc., K-Stemcell Co. Ltd., and CHA Bio & Diostech Co. Ltd.