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Autism - Drug Pipeline Analysis and Market Forecasts to 2016
Autism - Drug Pipeline Analysis and Market Forecasts to 2016
The Autistic disorder Therapeutics Market is Forecast to Show Increased Growth until 2016
Hyderabad,
AP,
India
(prbd.net)
24/02/2010
"GlobalData has estimated the global autistic disorder therapeutics market to be valued at $331m in 2009"
GlobalData has estimated the global autistic disorder therapeutics market to be valued at $331m in 2009. It is expected to grow to $649m with a compound annual growth rate (CAGR) of 11.5% by 2016. This growth is primarily attributed to the high increase in prevalence and also the fast increase in public awareness about the disease. Globally, the US remains the largest market for autistic disorder therapeutics, and was valued at $189m in 2009. It is forecast to grow at a CAGR of 12.9% over the next seven years to reach $442m by 2016.
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The prevalence rate for autistic disorder globally was identified at 0.6% and this accounted for approximately 4.3 million people. Between 2009 and 2015 it is expected to increase from 4.3 million to seven million. The key factor attributed to this is the high incidence rate in new born in all parts of the world. Autistic disorder is highly prevalent in people aged one to eight. A significant increase in autistic disorder incidence has occurred over the past 10 years, especially in the new born population. From the above data it is clear that the number of autistic disorder (ASD) patients seeking treatment in the next five to 10 years would result in an increased usage of therapeutics drugs which in turn would drive the ASD therapeutics market.
The global autistic disorder market is dependent on only two FDA approved drugs. Most patients are prescribed anti-depressant or anti-psychotic drugs to treat the symptoms related to autistic disorder. The patent expiry of marketed products such as Risperdal by 2008 allowed the entry of generic products at cheaper prices, reducing the market growth as well as the market size.
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http://www.global-market-research-data.com/Report.aspx?ID=Autism-Drug-Pipeline-Analysis-and-Market-Forecasts-to-2016
The unmet need for autistic disorder therapeutics is estimated to be approximately $166m. Currently there is a significant market group that is likely to switch to new products with better efficacy and in particular, safety. As presented above, this unmet need is approximately 55% of the total market, which is valued at $331m. Therefore, the unmet need within the Autistic Disorder therapeutics market was estimated to be at least $182m in 2009. Based on our forecasts, this need is likely to grow to approximately $357m by 2016. There is unmet need in terms of safety, for which technologically innovative products will be required for value capture. The pipeline has limited emerging therapies that are likely to increase the growth of the present market.
GlobalData, the industry analysis specialist, has released its latest research, “Autism - Drug Pipeline Analysis and Market Forecasts to 2016”, which provides key data, information and analysis on the autistic disorder market. The report provides a comprehensive overview of the annualized market data from 2001 to 2009, and forecasts forward seven years to 2016. The research also includes market characterization, opportunities, the unmet needs, competitive assessments, the product profiles of major marketed products and promising drugs in the pipeline, an overview on discontinued projects, implications for future market competition, and the key players of the autistic disorder market.
For further details, visit: www.global-market-research-data.com
Or please add this link to your browser:
http://www.global-market-research-data.com/Report.aspx?ID=Autism-Drug-Pipeline-Analysis-and-Market-Forecasts-to-2016
Or visit our report store: http://www.globaldata.com/reportstore
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