The Attention deficit Hyperactivity Disorder (ADHD) Drugs Market report 2019 deeply analyses significant features in major developing markets. The analysis includes market size, latest trends, drivers, threats, opportunities, as well as key market segments. The study reveals market dynamics in several geographic segments along with Attention deficit Hyperactivity Disorder (ADHD) Drugs market analysis for the current market environment and future scenario over the forecast period. The report also contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Industry experts project Attention deficit Hyperactivity Disorder (ADHD) Drugs market to grow at a CAGR of 5.48% during the period 2019-2023. It also talks about the market size of different segments and their growth aspects.
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About Attention deficit Hyperactivity Disorder (ADHD) Drugs Market
The rising incidence rate of ADHD among children is one of the critical factors that will trigger the growth of the attention deficit hyperactivity disorder drugs market. The expansion of the patient pool with positive ADHD symptoms is fueling the demand for ADHD therapies. As per the CDC, in 2016. Approximately 9.4% of children aged 2-17 years were diagnosed with ADHD. Thus, a significant patient pool (aged between 12 and 17 years) rely on medications. This is expected to rise further with the increasing prevalence of the disease, thereby contributing to the growth of the market during the forecast period. Research analysts have predicted that the attention deficit hyperactivity disorder (ADHD) drugs market will register a CAGR of almost 6% by 2023.
- Rising government support
- The global ADHD drugs market is currently witnessing an increase in the number of government initiatives to promote the awareness of the disease and to fund drug development in the area of mental health therapeutics. Additionally, the Centers for Disease Control and Prevention (CDC) supports the National Resource Center (NRC) on ADHD, a program designed to help children and adults with ADHD. The NRC program provides information, resources, and advice to parents on how to help their children with ADHD. Thus, the rising government support to help people with ADHD is expected to drive the growth of the market during the forecast period.
- Lack of patient compliance with ADHD treatment
- The pharmacological (medications) treatment with neuro-stimulant drugs is considered as the gold standard for the treatment of ADHD in children and adults. However, the multiple dosing regimens associated with neuro-stimulant drugs, such as methylphenidate and amphetamine, and the timely dosing and long duration of the treatment are leading to a decrease in the patient compliance with these drugs. This leads to a decline in the consumption of ADHD drugs, thereby impeding the growth of the market.
- For the detailed list of factors that will drive and challenge the growth of the attention deficit hyperactivity disorder (ADHD) drugs market during 2019-2023, view our report.
- The market appears to be highly fragmented. The presence of several companies, including Johnson & Johnson Services Inc. and NEOS Therapeutics Inc. makes the competitive environment quite intense. Factors such as the rising incidence rate of ADHD among children and the increasing government support will provide considerable growth opportunities to attention deficit hyperactivity disorder drugs manufactures. Amneal Pharmaceuticals Inc., Eli Lilly and Co., and Takeda Pharmaceutical Co. Ltd. are some of the major companies covered in this report.
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Attention deficit Hyperactivity Disorder (ADHD) Drugs Market report also covers all the regions and countries of the world, which shows a regional development status. Regional Segmentation:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, etc.)
- Asia-Pacific (China, India, Japan, Southeast Asia, etc.)
- South America (Brazil, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, South Africa, etc.)
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The objective of this Attention deficit Hyperactivity Disorder (ADHD) Drugs market research report is: –
- To provide actionable intelligence alongside the market size of various segments.
- To detail major factors influencing the market (drivers, opportunities, industry-specific challenges, and other critical issues).
- To determine the geographic breakdown of the market in terms of detailed analysis and impact.
- To analyze business dimensions with an eye on individual growth trends and contribution of upcoming market segments.
- To track the competitive landscape of the market.
Finally, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
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