Muscle Spasticity Market Valuation Expected To Reach $6.41 Billion By 2029, Growing At A Rate Of 8.8%
Discover trends, market shifts, and competitive outlooks for the muscle spasticity industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What Is the Estimated Market Size of the Muscle Spasticity Market In 2029?
In recent times, the muscle spasticity market has displayed a notable expansion. It’s projected to increase from a value of $4.19 billion in 2024 to $4.57 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 9.1%. The growth witnessed in the past can be linked to rising investments in research and development, enlarging clinical indications, positive regulatory greenlights and reimbursement procedures, a growing focus on adopting a multimodal methodology, and the rising incidence of multiple sclerosis.
Expect a substantial swell in the muscle spasticity market size in the ensuing years, with predicted growth to reach $6.41 billion in 2029, courtesy of a compound annual growth rate (CAGR) of 8.8%. The progress predicted for this period could be traced back to increased efforts towards constructing patient-driven care, broadening of supply networks, a concentration on enhancing the quality of life, formulation of specific drug delivery frameworks, and the identification of biomarkers. The forecast period would see trending adoptions like that of value-driven reimbursement models, incorporation of machine learning and artificial intelligence advancements, embracing of telehealth and technologies for remote observation, techniques of neurostimulation, and methods of regenerative medicine.
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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Muscle Spasticity Market?
The muscle spasticity market is set to expand, fuelled by the growing incidence of musculoskeletal ailments. These ailments generally involve issues with muscles, bones, and joints, often leading to discomfort, rigidity, and limited mobility. The upsurge in such cases can be linked to aspects like an aging population, inactive lifestyles, and the escalating rate of chronic conditions. The aim of muscle spasticity treatment is to soothe symptoms of musculoskeletal disorders by mitigating pain, increasing mobility, avert complications, and boost patients’ overall life quality and functional capabilities. For example, The Lancet, a UK medical journal, reported in November 2023 that an estimated 494 million people worldwide had different musculoskeletal disorders in 2020. The projections suggest a possible 115% surge by 2050. Also, a May 2022 report by US biopharmaceutical firm Amgen revealed that yearly incidents of fractures caused by osteoporosis would potentially rise by 68%, from 1.9 million in 2018 to 3.2 million in 2040. Thus, the escalating occurrence of musculoskeletal disorders is powering the muscle spasticity market’s growth.
Which Segments in the Muscle Spasticity Offer the Most Growth?
The muscle spasticity market covered in this report is segmented –
1) By Drug Type: Baclofen, Botulinum Toxin, Diazepam, Dantrolene Sodium, Other Drugs
2) By Route Of Administration: Oral, Intramuscular, Other Routes
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Subsegments:
1) By Baclofen: Oral Baclofen, Intrathecal Baclofen (Pump)
2) By Botulinum Toxin: Botox (Botulinum Toxin Type A), Dysport (Botulinum Toxin Type A), Xeomin (Botulinum Toxin Type A), Myobloc (Botulinum Toxin Type B)
3) By Diazepam: Oral Diazepam, Injectable Diazepam
4) By Dantrolene Sodium: Oral Dantrolene, Injectable Dantrolene
5) By Other Drugs: Tizanidine, Clonidine, Gabapentin, Other Muscle Relaxants, Selective Serotonin Reuptake Inhibitors (SSRIs)
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Which Areas Are Leading Regions in the Muscle Spasticity Market Expansion Across the Globe?
North America was the largest region in the muscle spasticity market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the muscle spasticity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Are the Key Market Trends in the Muscle Spasticity Market Over the Coming Years?
Prominent businesses in the muscle spasticity market are channelizing their efforts towards the creation of oral suspensions to address muscle spasms that are linked with disorders like multiple sclerosis and spinal cord injuries. Oral suspensions represent liquid medicines containing distributed active ingredients which are orally consumed. For example, in April 2024, baclofen oral suspension was introduced to the market by ANI Pharmaceuticals, a pharmaceutical manufacturer based in the United States. This generic version of fleqsuvy is applied in the treatment of muscle spasms, which stem from conditions such as multiple sclerosis and spinal cord injuries, through aiding in muscle relaxation.
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What Are the Key Elements That Define the Muscle Spasticity Market?
Muscle spasticity is a condition characterized by an abnormal increase in muscle tone or stiffness, which can interfere with movement and speech. It is often a result of damage to the brain or spinal cord that controls voluntary muscle movement.
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