Apraxia Market report by MRFR contains all analytical and statistical transient regarding Market summary, Growth, Demand and Forecast analysis with penetrating summary and solution within the complex industry.
Apraxia Market Landscape
Market Research Future, in its latest study, has discovered that the global apraxia market 2020 is facilitating with sales and shares with the wide-ranging applications in the healthcare industry. As the market struggled to maintain its position in the past few months due to the Coronavirus outbreak that has hammered the economy, now it is witnessing rays of hope to rise at a rate of ~ 6.4%. This pace of growth would continue through 2017-2023—the forecasted period.
Apraxia Market—Boomers & Decliners
MRFR’s new study finds that as per the American Speech-Language-Hearing Association (ASHA), it estimates that childhood apraxia of speech (CAS) occurs in one to two children per 1,000 (0.1%–0.2%) and with a ratio of 2-3:1. Thus, it is estimated to be superior in male children in comparison to female children.
The prime factors liable for the market’s growth are attributed to the rising prevalence of neurological disorders, mounting investment of biotechnology and pharmaceutical industries in R&D, growing need for better treatment methods are expected as well as mounting global healthcare expenditure. These factors drive the market growth considerably and are estimated to continue to spur to the forecasted period.
Furthermore, a rise in awareness over diverse disorders, accessibility of effective speech therapy, initiatives by governments for promoting effective speech therapy, and funds in health care services are other factors propelling the global apraxia market. Moreover, prevailing awareness programs about the importance of speech therapies and skills in treating speech disorders also augment the global apraxia market.
On the contrary, the factor such as improper access to health care facilities, unavailability of speech therapy in underdeveloped and remote areas, rise in treatment cost, insufficient standard tools for the diagnosis and treatment of speech disorders and the insufficient number of health care professionals might come up to hinder the global apraxia market growth for the forecasted period.
Apraxia Market Segment Review
The global apraxia market has been studied among the segments of types, diagnosis, treatment, and end-user.
By the segment of the types, the market has included ideational/conceptual apraxia, ideomotor apraxia, constructional apraxia, buccofacial or orofacial apraxia, limb-kinetic apraxia, gait apraxia, apraxia of speech, and oculomotor apraxia.
By the segment of the diagnosis, the market has included a test to measure upper limb apraxia, MRI, and others.
By the segment of the treatment, the market has included occupational therapy, speech therapy, physical therapy, and more.
By the segment of the ‘end-user, the market has included research centers, hospitals & clinics, and others.
Apraxia Market Regional Framework
The Americas lead the global apraxia market owing to the increasing prevalence of neurological disorders, well-developed technology, increasing government support for research & development, and high health care spending. Furthermore, rising R&D activities and the incidence of major companies have fuelled the growth of the market in this region.
Europe grabs the second position in the global apraxia market. The government support for research & development and availability of funds for research are projected to compel the market in the European region in the review period.
The Asia Pacific is the fastest growing apraxia market owing to the incidence of rapidly developing healthcare technology, high healthcare expenditure, and huge patient population. Moreover, escalating new opportunities in countries such as India, Japan, China, and South Korea will make this emerging and the fastest-growing market globally. Besides, escalating demand for quality devices in healthcare is liable to lead the use of advanced equipment, which, in turn, will expand the growth of the market in the region.
On the other hand, the Middle East & Africa occupies the least share of the market owing to the inadequate availability of medical facilities, poor political conditions in Africa, and less availability of funds.
Apraxia Market Top Players
The list of top players in the apraxia market is Codman & Shurtleff, Inc., Sophysa Ltd., Orsan Medical Technologies, MicroPort Scientific Corporation, Johnson & Johnson, Spiegelberg GmbH, HaiWeiKang, Sophysa Ltd, InfraScan, Inc., Head Sense Medical, Integra Life Sciences Corporation, and others.
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