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Epileptic Seizures Treatment Market Analysis, Trends, Growth, Research And Forecast 2033
Epileptic Seizures Treatment Market
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According to The Business Research Company's, 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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Market Drivers and Trends:
The shift towards personalized medicine in the life sciences industry is expected to propel the growth of data monetization solutions for the life science companies' market going forward. The personalized medicine in the life sciences industry refers to tailoring medical treatments to individual genetic, environmental, and lifestyle factors for more effective and targeted healthcare. The shift towards personalized medicine generates the need to analyze vast patient data, driving demand for advanced data analytics and monetization solutions for life science companies. For instance, in February 2024, according to a report published by the Personalized Medicine Coalition, a US-based organization, in 2023, the FDA approved 16 new personalized treatments for rare disease patients, up from six in 2022. Therefore, the shift towards personalized medicine in the life sciences industry is driving the growth of data monetization solutions for life science companies' markets.
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 cannabidio*l 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 cannabidio*l or its ingredients.
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Major Key Players of the Market:
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
Epileptic Seizures Treatment Market 2024 Key Insights:
• 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%.
• Increasing Prevalence Of Epilepsy Driving Growth In The Epileptic Seizures Treatment Market
• Development Of Cannabi*s-Based Drugs For Epileptic Seizures Treatment
• North America was the largest region in the epileptic seizures treatment market in 2023
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