ADHD (Attention Deficit/Hyperactivity Disorder) is a psychiatric disorder that most commonly affects children and adolescents. Due to unknown genetic causes and a lack of accurate biomarkers, diagnosing ADHD is difficult. Psychostimulants are the most commonly prescribed medications for ADHD because they help to reduce or prevent hyperactivity, inattention, and impulsive symptoms, thus improving quality of life. The key driving factors for the ADHD therapeutics market growth are, higher prevalence of ADHD and growing awareness regarding ADHD.
The "Global ADHD Therapeutics Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ADHD therapeutics market with detailed market segmentation by drug type, age group and distribution channel. The report provides key statistics on the market status of the leading ADHD therapeutics market players and offers key trends and opportunities in the market.
- Based on drug type the market is segmented as, stimulants and non-stimulants.
- Based on age group the market is segmented as, pediatric, adolescent and adults.
- On the basis of distribution channel, the ADHD therapeutics market is segmented into hospital pharmacies, retail pharmacies and e-Commerce.
- Increasing prevalence of ADHD in children is the key market driver for the ADHD therapeutics market.
- Rising awareness about ADHD among people is also expected to spur the market growth during the forecast period.
- Increase in number of product approvals, clinical trials and new product launches are expected to create significant growth opportunities for market.
- However, presence of comorbidities in children along with delayed diagnosis of ADHD are likely to restrain market growth during the forecast period.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ADHD therapeutics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ADHD therapeutics market in these regions.
IMPACT OF COVID-19 ON ADHD THERAPEUTICS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the ADHD therapeutics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ADHD therapeutics market are anticipated to lucrative growth opportunities in the future with the rising demand for ADHD therapeutics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ADHD therapeutics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Novartis AG
- Pfizer, Inc.
- Arbor Pharmaceuticals, LLC.
- Noven Pharmaceuticals, Inc.
- Takeda Pharmaceutical Company Limited
- Johnson and Johnson Services, Inc.
- Corium Inc
- Adlon Therapeutics L.P
- Teva Pharmaceutical Industries Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.