The global attention deficit hyperactivity disorder market size is expected to reach USD 30,568.94 million by 2032, according to a new study by Polaris Market Research. The report “Attention Deficit Hyperactivity Disorder Market Share, Size, Trends, Industry Analysis Report, By Drug Type (Stimulants, and Non-Stimulants); By Demographics; By Distribution Channel; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The expansion of the worldwide attention deficit hyperactivity disorder (ADHD) treatment market is anticipated to be fueled by prominent firms specializing in research & development for the treatment of the condition. For instance, in June 2020, Otsuka Pharmaceutical Co., Ltd. released the phase 3 clinical trials evaluating the effectiveness, safety, and tolerability of oral centanafadin for the treatment of adults with ADHD. Along with investigating centanafadine's effects in young children with ADHD, the business also intends to consult with the US Food and Drug Administration about the following procedures.
Furthermore, according to a study published in February 2021 and titled "The incidence of adult attention-deficit hyperactivity disorder: A global critical appraisal and meta-analysis," the pervasiveness of persistent adult ADHD was 2.6%, and the incidence of symptomatic adult ADHD was 6.7%, transforming to 139.8 Mn & 366.3 Mn affected adults worldwide, in 2020. The market is therefore likely to grow throughout the forecast period due to the growing burden of ADHD and the rising need for its treatment.
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Additionally, medicine FDA approvals for attention deficit hyperactivity disorder are rising which is boosting the market growth over the forecast period. For instance, in July 2021, Adhansia XR (methylphenidate hydrochloride) extended-release capsules CII's prescription information was updated owing to FDA approval of a supplementary New Drug Application (sNDA), according to a statement from the Adlon Therapeutics.
Also, the establishment of a center of excellence to enhance diagnosis, treatment, and care in Southeast Asia will be supported by a collaboration between Siemens Healthcare HMI Group, which was established in February 2022. This collaboration advances the study and creation of brand-new ADHD medications in the Asia Pacific area. The market for treatments for ADHD has been adversely affected by the Covid-19 outbreak. involving the industries. Due to the fast urbanization and growing need for efficient use of space that already exists, the sector anticipates a lot of needs and demands following the pandemic.
Attention Deficit Hyperactivity Disorder Market Report Highlights
Polaris Market Research has segmented the Attention Deficit Hyperactivity Disorder market report based on drug type, distribution channel, demographics, and region:
Attention Deficit Hyperactivity Disorder, Drug Type Outlook (Revenue - USD Billion, 2019 - 2032)
Attention Deficit Hyperactivity Disorder, Demographics Outlook (Revenue - USD Billion, 2019 - 2032)
Attention Deficit Hyperactivity Disorder, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
Attention Deficit Hyperactivity Disorder, Regional Outlook (Revenue - USD Billion, 2019 - 2032)