
Report ID: SQMIG35D2301
SkyQuest Technology's Spasticity treatment market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Spasticity Treatment Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
Global Spasticity Treatment Market size was valued at USD 1.68 Billion in 2023 and is poised to grow from USD 1.54 Billion in 2024 to USD 2.44 Billion by 2032, growing at a CAGR of 8.02% in the forecast period (2025-2032).
The global spasticity treatment market growth is undergoing drastic changes led by the formation of new technologies and innovative strategies for treatment. Current statistics indicated by the Physicians Group LLC during December 2023 reveal that an estimated number of 12.0 million patients worldwide suffer from spasticity, showcasing the enormous size of the population to be treated. New physical therapy modalities, including robotic therapy, electrical stimulation therapies, and virtual reality-based therapy, have demonstrated high effectiveness for enhancing motor function and reducing spasticity in patients. The application of such advanced technologies is revolutionizing traditional treatment paradigms and optimizing patient outcomes across various healthcare environments.
Moreover, the industry is witnessing a surge in research activities and clinical trials focused on developing new modalities of treatment. Neurotech International, in January 2024, received approval from the Therapeutic Goods Administration (TGA) and the Human Research Ethics Committee (HREC) to launch a Phase I/II trial of NTI164 to treat cerebral palsy spasticity. The step is an exhibition of the commitment of the sector to evidence-based practice and to innovation. Recent studies have shown that over 77% of cerebral palsy children have the spastic type, and this underscores the need for continued research and development in this therapeutic market.
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Global Spasticity Treatment Market size was valued at USD 1.68 Billion in 2023 and is poised to grow from USD 1.54 Billion in 2024 to USD 2.44 Billion by 2032, growing at a CAGR of 8.02% in the forecast period (2025-2032).
The global spasticity treatment market is highly competitive, with prominent players focusing sharp attention on improving product portfolios and patient outcomes. Companies are investing in and developing new therapies, mainly in the form of oral medications or botulinum toxin-based treatments. Most major firms on the market go for strategic partnerships, acquisitions, and regional expansions in their efforts to position themselves in the industry. 'Allergan', 'Ipsen', 'Merz Pharmaceuticals', 'Zambon', 'Teva Pharmaceutical Industries', 'AbbVie', 'Mylan N.V.', 'UCB Pharma', 'Medtronic', 'Novartis', 'Mallinckrodt Pharmaceuticals', 'Bausch Health', 'Lundbeck', 'Amgen', 'Sanofi'
Among the most significant drivers of growth in the spasticity treatment market is the growing prevalence of neurological diseases such as cerebral palsy, multiple sclerosis, and stroke-induced spasticity. Against the backdrop of the growing incidence of these disorders across the globe, there is a growing demand for effective treatments like oral drugs, physical therapy, and botulinum toxins, which is fueling the growth of the market.
Implementation of Minimally Invasive Procedures: In the management of spasticity, there has been an increased trend towards the use of less invasive treatment methods, including intrathecal medication infusion devices and botulinum toxin injections. Particularly with the localized type of spasticity, such treatment is extremely common among doctors as it provides temporary relief but with less pain and a shorter duration of recovery. This is particularly common in this situation.
Why Is North America Leading the Global Spasticity Treatment Market?
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Report ID: SQMIG35D2301
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