Market Size – The epileptic seizures treatment market size has grown strongly in recent years. It will grow from $3.21 billion in 2023 to $3.42 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to advancements in antiepileptic drugs (AEDs), research breakthroughs in epilepsy treatment, increased awareness and education, expanded access to healthcare, and a rise in the prevalence of epilepsy.
The epileptic seizures treatment market size is expected to see strong growth in the next few years. It will grow to $4.43 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to precision medicine approaches, emerging therapeutic modalities, telemedicine and remote monitoring, healthcare integration and multidisciplinary care, and regulatory support and incentives. Major trends in the forecast period include personalized medicine, integration of digital health solutions, emerging therapeutic modalities, focus on comorbidities and quality of life, and regulatory support and market access.
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Scope Of Epileptic Seizures Treatment MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Epileptic Seizures Treatment Market Overview
Market Drivers -The rising prevalence of epilepsy is expected to propel the growth of the epileptic seizures treatment market going forward. Epilepsy is a neurological disorder characterized by recurrent, unprovoked seizures. These seizures are the result of abnormal electrical activity in the brain, which can cause a variety of symptoms, including convulsions, loss of consciousness, and disturbances in sensory perception or behavior. The rising prevalence of epilepsy can be attributed to various factors, such as the higher survival rates of individuals with brain injuries or strokes and a growing aging population. Effective epileptic seizure treatments, primarily through the use of AEDs, can significantly reduce the frequency and severity of seizures in patients. These medications help maintain seizure-free periods by stabilizing neuronal activity in the brain, which is critical for patients’ daily functioning and overall well-being. For instance, in February 2024, according to the World Health Organization, a Switzerland-based public health agency of the United Nations, approximately 50 million people in the world were suffering from epilepsy, making it one of the most prevalent neurological conditions worldwide. Every year, about 5 million people are diagnosed with epilepsy. Therefore, the rising prevalence of epilepsy is driving the growth of the epileptic seizures treatment market.
Market Trends – Major companies operating in the epileptic seizures treatment market are developing innovative treatment solutions, such as cannabis-based drugs, to provide effective alternatives for patients, particularly those who do not respond to conventional antiseizure medications. Cannabis-based drugs are pharmaceutical products derived from the cannabis plant, specifically formulated to utilize the therapeutic properties of cannabinoids to treat various medical conditions. These drugs are also primarily used for their anticonvulsant properties, helping to reduce the frequency and severity of seizures in patients with epilepsy. For instance, in January 2024, Akumentis Healthcare Ltd., an India-based pharmaceutical company, launched Clasepi, a Drug Controller General of India (DCGI)-approved prescription cannabis plant-based medicine to treat seizures in children, particularly those with Lennox-Gastaut syndrome, Dravet syndrome, or Tuberous Sclerosis Complex. This cannabidiol (CBD) oral solution contains less than 0.1% tetrahydrocannabinol (THC) and has demonstrated efficacy in reducing seizures, especially where conventional antiseizure medications have failed. Clasepi aims to address the needs of severe epilepsy cases, though it is not recommended for individuals allergic to cannabidiol or its ingredients.
The epileptic seizures treatment market covered in this report is segmented –
1) By Type: Treatment Practices, Emerging Drugs, Individual Therapies
2) By Seizure Type: Partial Seizures, Generalized Seizures, Unclassified Seizures
3) By Route of Administration: Oral Or Buccal, Nasal, Rectal, Parenteral
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
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Regional Insights – North America was the largest region in the epileptic seizures treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the epileptic seizures treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the epileptic seizures treatment market are Pfizer Inc., Johnson & Johnson Service Inc., Sanofi S.A., Abbott Laboratories, Novartis AG, GlaxoSmithKline plc., Takeda Pharmaceutical Co. Ltd., Medtronic plc, GE HealthCare Technologies Inc., Teva Pharmaceutical Industries Ltd., Bausch Health Companies Inc., UCB S.A., Eisai Co. Ltd., Sumitomo Dainippon Pharma Co. Ltd., Dragerwerk AG & Co.KGaA, H. Lundbeck A/S, Apotex Inc., Masimo Corporation, Fisher & Paykel Healthcare Limited, Inspiration Healthcare Group Plc., Phoenix Medical Systems (P) Ltd., Marinus Pharmaceuticals Inc., Alexza Pharmaceuticals Inc., Neurelis Inc., Veriton Pharma
Table of Contents 1. Executive Summary2. Epileptic Seizures Treatment Market Report Structure3. Epileptic Seizures Treatment Market Trends And Strategies4. Epileptic Seizures Treatment Market – Macro Economic Scenario5. Epileptic Seizures Treatment Market Size And Growth…..27. Epileptic Seizures Treatment Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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