Press release
Epilepsy Drugs Market Report 2023: Industry Overview, Size, Share, Trends & Forecast till 2028
Epilepsy Drugs Market
The global epilepsy drugs market size reached US$ 2.16 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.52 Billion by 2028, exhibiting a growth rate (CAGR) of 8.2% during 2023-2028. The rising prevalence of epilepsy, increasing incidences of brain cancer in the geriatric population, and extensive research and development (R&D) activities represent some of the key factors driving the market.
Epilepsy medications are prescribed to treat epilepsy, a disorder of the central nervous system (CNS) characterized by recurring and unpredictable seizures. This condition affects both mental and physical functions, leading to sudden sensations, loss of awareness, behavioral changes, and intense emotional distress. Epilepsy drugs come in different forms such as capsules, liquids, tablets, and syrups, and can be administered through intravenous (IV), oral, or intramuscular routes. They belong to three generations of anti-epileptic drugs (AEDs) and are effective in treating various types of seizures, including difficult-to-treat, mixed, partial onset, tonic-clonic, and acute repetitive seizures. These medications play a crucial role in preventing life-threatening side effects, ensuring safety, improving tolerability, and minimizing negative impacts on cognitive functions. As a result, epilepsy drugs are widely available in hospitals and pharmacies.
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Global Epilepsy Drugs Market Trends and Drivers:
The growing prevalence of epilepsy is primarily fueled by the increasing incidences of neurological disorders, birth-related injuries, infections, substance abuse, and road injuries. This trend is a key driving factor for the epilepsy drugs market. Additionally, there is a rising demand for these medications to control seizures, reduce their frequency, and mitigate the adverse effects associated with long-term treatments. This demand is crucial in helping patients regain their normal psychosocial and vocational activities, thereby contributing to market growth.
Furthermore, government bodies have implemented various policies to raise awareness about epilepsy, promote research, and provide support for more effective treatment options. These initiatives are further accelerating the global market. The aging population, which is more susceptible to developing critical conditions like brain cancer that can lead to seizures, also plays a significant role in driving market growth.
Global Epilepsy Drugs Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Abbott Laboratories, Alkem Laboratories Limited, Bausch Health Companies Inc., Eisai Co. Ltd., GSK plc, H. Lundbeck A/S, Jazz Pharmaceuticals plc, Novartis AG, Pfizer Inc., Sunovion Pharmaceuticals Inc. (Sumitomo Dainippon Pharma Co. Ltd.), UCB S.A., etc.
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The report has segmented the market on the basis of region, generation type, anti-epileptics drugs type and distribution channel.
Generation Type Insights
First Generation Drugs
Phenytoin
Carbamazepine
Oxcarbazepine
Valproate
Ethosuximide
Primidone
Phenobarbital
Second Generation Drugs
Levetiracetam
Lamotrigine
Topiramate
Pregabalin
Rufinamide
Zonisamide
Third Generation Drugs
Lacosamide
Perampanel
Eslicarbazepine Acetate
Ezogabine/Retigabine
The report has also provided a detailed breakup and analysis of the epilepsy drugs market based on the generation type. This includes first generation drugs (phenytoin, carbamazepine, oxcarbazepine, valproate, ethosuximide, primidone, and phenobarbital), second generation drugs (levetiracetam, lamotrigine, topiramate, pregabalin, rufinamide, and zonisamide), and third generation drugs (lacosamide, perampanel, eslicarbazepine acetate, and ezogabine/retigabine). According to the report, second generation drugs represented the largest segment.
Anti-Epileptics Drugs Type Insights
Narrow-Spectrum AEDs
Broad-Spectrum AEDs
A detailed breakup and analysis of the epilepsy drugs market based on the anti-epileptics drugs type has also been provided in the report. This includes narrow and broad-spectrum AEDs. According to the report, broad-spectrum AEDs accounted for the largest market share.
Distribution Channel Insights
Hospital Pharmacy
Pharmacy Stores
Others
A detailed breakup and analysis of the epilepsy drugs market based on the distribution channel has been provided in the report. This includes hospital pharmacy, pharmacy stores, and others. According to the report, hospital pharmacy accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for epilepsy drugs. Some of the factors driving the North America epilepsy drugs market growth include increasing burden of epilepsy, rising awareness campaigns, launching of new products, etc.
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If you want the latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Related reports:-
Probiotics Market:- https://www.imarcgroup.com/probiotics-market
Plasma Fractionation Market:- https://www.imarcgroup.com/plasma-fractionation-market
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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For More Information:
https://renub-research.blogspot.com/2019/04/the-factors-that-are-driving-global.html
Epilepsy is a chronic disease in which patient’s brain activities become abnormal due to seizures. Seizure is an unexpected rush of electrical activity in the brain. Seizure is categorized by two types - generalized seizures and focal or partial seizures. Generalized seizures affect the whole brain whereas focal or partial seizures affect just one part of the brain. Global epilepsy drugs market is expected to cross US$…
