The market for attention deficit hyperactivity disorder (ADHD) across the seven major markets (7MM) of the US, France, Germany, Italy, Spain, the UK, and Japan, is set to experience an increase from around $6.1 billion in 2014 to $13.9 billion by 2024, at a compound annual growth rate of 8.5%.
According to research and consulting firm GlobalData’s latest report, such robust growth can be attributed to the launch of efficacious pipeline products with convenient oral formulations or less frequent dosing than currently available products, an increase in treatment rates, and the continued awareness and recognition of ADHD in the adult age group.
Rachel Markwick, GlobalData’s analyst covering Neurology and Ophthalmology, explains: “Currently, the ADHD market is rife with unmet needs. These include a need for more treatment options, clinically relevant head-to-head comparisons between current marketed and pipeline drugs, improved diagnostic tests, and increased education and recognition of ADHD.”
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