Press release
Levetiracetam Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)
Levetiracetam market is anticipated to grow at a significant CAGR during the forecast period (2023-2029). Levetiracetam is a medication that is sold under the brand name Keppra among others and is used to treat epilepsy. This medicine is used for partial-onset, myoclonic, or tonic-clonic seizures. It is consumed by mouth as an immediate or extended-release formulation or by injecting directly into a vein. The major factor for the growth of the market is the rising prevalence of epilepsy.According to the World Health Organization (WHO), in 2019, epilepsy is one of the most common neurological diseases globally with around 50 million people diagnosed with it. Additionally, almost 80% of people with epilepsy live in low and middle-income countries and up to 70% of people living with epilepsy could live seizure-free if properly diagnosed and treated. However, the risk of mortality is three times higher in people with epilepsy than in the general populace. Hence the rising prevalence of epilepsy is driving the demand for levetiracetam which in turn is boosting the market growth.
Some major key players in the market include Mylan NV, UCB Pharma Ltd., and Novartis International AG (Sandoz Inc.), among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in June 2018, Sandoz Canada announced the launch of Sandoz Levetiracetam 1000 mg to be used as adjunctive therapy to manage patients with epilepsy who are not satisfactorily controlled by conventional therapy.
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Market Coverage
The market number available for - 2022-2029
Base year- 2022
Forecast period- 2023-2029
Segment Covered-
By Form
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Mylan NV, UCB Pharma Ltd., and Novartis International AG (Sandoz Inc.), among others.
Levetiracetam Market Report by Segment
By Form
Tablet
Syrup
Injection
By Application
Myoclonic Treatment
Tonic-clonic Seizures Treatment
A full Report of Levetiracetam Market is Available at: https://www.omrglobal.com/industry-reports/levetiracetam-market
Levetiracetam Market Report by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East & Africa
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Over 100+ paid data sources mined for investigation.
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