The Global Market for ADHD Therapeutics is Projected to Cross US$25 Billion by 2022

Growing Awareness Over the Importance of Mental Healthcare and Establishment of Clinical Practice Guidelines for Diagnosis and Treatment to Drive the ADHD Therapeutics Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Attention Deficit Hyperactivity Disorder (ADHD) Therapeutics market. The global market for ADHD Therapeutics is projected to cross US$25 billion by 2022, driven by growing public awareness and gradual dissipation of social stigma associated with psychiatric disorders and the implementation of formal clinical practice guidelines for diagnosis and treatment.

Attention Deficit Hyperactivity Disorder (ADHD), also known as Attention Deficit Disorder (ADD)/ Hyper Kinetic Disorder (HKD) or Neuropsychiatric Disorder, is one of the most common diseases afflicting nearly 5.3% to 7.1% of children and adolescents as well as 3.4% of adults globally. With increased awareness, easy access to behavioral healthcare services, changes in diagnostic criteria and improved ADHD medications, the market continues to witness growth. Although historically made up of children and adolescents, adults currently represent the fastest growing patient cluster for ADHD therapeutics largely because of improvements in behavioral diagnostics and evaluation techniques which reveal a surprisingly high percentage of patients with childhood ADHD carry clinically significant symptoms well into adulthood. Addressable market opportunity therefore is poised to receive a boost from the development of algorithm and guidelines for the evaluation, diagnosis, treatment, and monitoring of ADHD in adults. Formal guidelines added in the latest edition of Diagnostic Statistical Manual of Mental Disorders (DSM) will therefore boost diagnosis rates for adult patients.

Although currently mired in uncertainty over Trump's proposed healthcare reforms, the Affordable Care Act (Obamacare Act) until now played a major role in encouraging growth in the ADHD drugs market in the United States. The act makes it obligatory for insurance providers to provide coverage for mental health services which also includes assessment of behavioral disorder and treatments. This has led to increased number of parents seeking medical aid for their children afflicted with ADHD, which they previously were unable to due to cost concerns. In view of the huge unmet needs in terms of treatment options, and better diagnostic tests, pharma companies are stepping up their investments in the development of novel new generation drugs for ADHD.

As stated by the new market research report on Attention Deficit Hyperactivity Disorder (ADHD) Therapeutics, the United States accounts for the bulk of global revenues. Asia-Pacific ranks as one of the fastest growing markets with a CAGR of 7.3% over the analysis period, led by factors such as growing population and a parallel increase in healthcare burden, development of healthcare infrastructure; establishment of several self-help groups and support systems as a result of growing awareness of hyperactivity as a behavioral disorder; and gradual easing of barriers to mental healthcare access such as cost and affordability and availability of qualitied mental health professionals.   

Major players covered in the report include Alcobra Ltd., Amarantus Bioscience Holdings, Inc., Amedra Pharmaceuticals LLC, Curemark, LLC., Eli Lilly and Company, Intellipharmaceutics International, Inc., Janssen Global Services, LLC, Mallinckrodt PLC, Mylan N.V., Neos Therapeutics, Inc., Neurovance, Inc., Noven Pharmaceuticals, Inc., Pfizer Inc., Shire plc, Supernus Pharmaceuticals, Inc., and Tris Pharma, Inc., among others.

The research report titled "Attention Deficit Hyperactivity Disorder (ADHD) Therapeutics: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, mergers and acquisitions, and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for geographic markets, such as the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World.  

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