Press release
Epileptic Seizures Treatment Market Size, Share, Trends, Growth Rate And Forecast 2033
The new report published by The Business Research Company, titled ""Epileptic Seizures Treatment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, 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 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%.
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Increasing Prevalence Of Epilepsy Driving Growth In The Epileptic Seizures Treatment Market
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.
Development Of Cannabi*s-Based Drugs For Epileptic Seizures Treatment
Major companies operating in the epileptic seizures treatment market are developing innovative treatment solutions, such as cannabi*s-based drugs, to provide effective alternatives for patients, particularly those who do not respond to conventional antiseizure medications. Cannabi*s-based drugs are pharmaceutical products derived from the cannabi*s 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 cannabi*s plant-based medicine to treat seizures in children, particularly those with Lennox-Gastaut syndrome, Dravet syndrome, or Tuberous Sclerosis Complex. This canna*bidiol (CB*
D) 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 cannabid*iol 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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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
Contents of the report:
1. Executive Summary
2. Epileptic Seizures Treatment Market Report Structure
3. Epileptic Seizures Treatment Market Trends And Strategies
4. Epileptic Seizures Treatment Market - Macro Economic Scenario
5. Epileptic Seizures Treatment Market Size And Growth
…..
27. Epileptic Seizures Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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