Facial Paralysis Treatment Market Forecast and Opportunities: Current Technological Measures and Advancements
Facial Paralysis Market
Market Highlights
Facial paralysis is a restriction of the facial movement due
to nerve damage. Facial nerve paralysis is characterized by unilateral facial
weakness. Some other symptoms include loss of taste, hyperacusis, and decreased
salivation and tear secretion.
The global Facial
Paralysis Treatment Market is expected to register a CAGR of 6.5%
during the forecast period.
Regional Analysis
The Americas dominates the global facial paralysis market
owing to increasing cardiovascular disorders, which eventually leads to the
increasing patient population. Additionally, increasing cardiovascular disorder
rate is likely to enhance the growth of facial paralysis in the North American
region. According to the American Heart Association, 31% of the deaths in the
U.S. were due to cardiovascular disorders. Similarly, in 2015, around USD 3.2
trillion were spend in healthcare expenditure in the U.S according to the
Center for Disease Control and Prevention. Similarly, in 2015, 1.3% of the U.S.
adults were diagnosed with inflammation of facial nerves.
Europe accounts for the second largest market due to
increasing cardiovascular disorders and increasing infections. Additionally,
the increasing government support and improving healthcare infrastructure along
with increasing facial inflammations are driving the growth of the facial
paralysis market in Europe. For instance, Eurostat estimated that over 19.2% of
the population in Europe was aged 65 and above. This increasing older
population is likely to lead to the increasing patient population. These
factors are likely to drive the growth of the facial paralysis market.
Asia Pacific is the fastest growing market for facial
paralysis whose growth is attributed to the rising population and increasing
standard of living. Additionally, the increasing healthcare spending and the
improved standard of living are likely to drive the growth of the market. India
and China are the major contributors to the market growth due to the rapid
development of healthcare infrastructure in these regions and the increasing
demand for diagnostic services.
On the other hand, the Middle East and Africa is expected to
witness a gentle growth due to limited access to the healthcare industry and
affordability issues among the population. In the Middle East, the growth of
the market is driven by the increasing availability of new and advanced
diagnostic and treatment methods for various chronic diseases.
Key Players
Some of the key players in the facial paralysis market are,
Boston Scientific, BioControl Medical, Cerebomed, Cyberonics, Astellas Pharma
Inc., Sucampo Pharmaceuticals, Inc., and Novartis AG, among others.
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Segmentation
The global facial paralysis market is segmented on the basis
of treatment, diagnosis, type, and end-user.
On the basis of type, the market is segmented into,
Ramsay Hunt Syndrome, Bell’s Palsy, and Lyme Disease.
On the basis of diagnosis, the market is segmented
into electromyography, computerized tomography, and magnetic resonance imaging.
On the basis of treatment,
the market is segmented into medications, physical therapy, and surgery.
On the basis of
medication, the market is further sub-segmented into corticosteroids and
antiviral drugs.
On the basis of end-user, the market is segmented
into hospitals and clinics, specialty centers, and research centers.
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