New York, NY, Aug. 10, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Epilepsy Therapeutics Market by Product Type (First-generation epilepsy therapeutics, Second-generation epilepsy therapeutics, and Third-generation epilepsy therapeutics) and by Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2024”. According to the report, global epilepsy therapeutics market was valued at approximately USD 4,500 million in 2017 and is expected to generate revenue of around USD 5,900 million by end of 2024, growing at a CAGR of around 3.9% between 2018 and 2024.
Epilepsy is repetitive episodes of sudden, extreme, and synchronous discharges in cerebral cortical neurons which results in disturbance of consciousness, interruption of sensation, movements, destruction of mental function, or combination of these signs. It is one of most common diseases diagnosed in old age people and children. Epilepsy or seizers are overactive and abnormal electrical action between the brain cells. The seizers may cause muscle spasm such as lip smacking and shake. The rising prevalence of neurological disorders is expected to propel the growth of epilepsy therapeutics market globally. According to WHO, about 2.4 million people each year are diagnosed with epilepsy globally. In high-income countries, 30-50 per 100,000 people are diagnosed with epilepsy annually.
Browse through 49 Tables & 16 Figures spread over 110 Pages and in-depth TOC on “Global Epilepsy Therapeutics Market: By Type, Size, Industry Share, Trends and Forecast, 2018 - 2024”.
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The epilepsy therapeutics market is segmented on the basis of product type, distribution channel, and by geography. Based on product type, the market is segmented into first-generation epilepsy therapeutics, second-generation epilepsy therapeutics, and third-generation epilepsy therapeutics. The first-generation epilepsy therapeutics includes ethosuximide, carbamazepine, phenytoin, phenobarbital, valproic acid, and primidone. Carbamazepine is the most widely prescribed drug for the treatment of partial and generalized seizures. The second generation epilepsy therapeutics includes Felbamate, Gabapentin, Lamotrigine, Levetiracetam, Oxcarbazepine, Pregabalin, Tiagabine, etc. The third-generation epilepsy therapeutics include Rufinamide, Eslicarbazepine acetate, Lacosamide, Perampanel, and Brivaracetam. The second generation epilepsy therapeutics accounted for high revenue share in the global epilepsy therapeutics market in 2017 owing to high safety and tolerability with a novel mechanism of action. The third generation epilepsy therapeutics is expected to register a high CAGR over the forecast period due to increasing adoption of technically advanced drugs.
On the basis of the distribution channel, the global epilepsy therapeutics market is segmented into hospital pharmacy, online pharmacy, and retail pharmacy. The retail pharmacy accounted for the highest share in the global epilepsy therapeutics market owing to the easy availability of anti-epileptic drugs on retail pharmacy. The online pharmacy segment is estimated to register high growth rate in the coming years by distribution channel in the global epilepsy therapeutics market. The growing trend of digitalization is expected to boost the growth of the segment globally.
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North America dominated the epilepsy therapeutics market in 2017 and is expected to remain dominant over the forecast period. The strong research and development platform and awareness about epilepsy and available treatment option factors are contributing towards the high share of North America in the global epilepsy therapeutics market. About 2.7 million American population of all ages are suffering from epilepsy. Males are more prone to seizers as compared to women. About 10% of the Americans in their lifetime will have a seizure. According to the Epilepsy Foundation of America, in the U.S. an average occurrence of epilepsy every year is about 150,000 people or 48 among every 10,000 people.
Europe accounted for the second largest share in global epilepsy therapeutics market in 2017 and is expected to show significant growth in the years to come. The increasing government spending for the research activities and easy affordability of treatment in Europe is considerably contributing towards the growth of the market in the region.
Browse the full "Epilepsy Therapeutics Market by Product Type (First-generation epilepsy therapeutics, Second-generation epilepsy therapeutics, and Third-generation epilepsy therapeutics) and by Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2024 " report at https://www.zionmarketresearch.com/report/epilepsy-therapeutics-market
Asia Pacific is expected to register the highest CAGR in the global epilepsy therapeutics market in the coming years. The growing awareness about advanced anti-epileptic drug treatment in emerging economies is expected to boost the growth of Asia Pacific in the global market over the forecast period.
Latin America and the Middle East and Africa hold the least growth in comparison to other regions due to low awareness about the available treatment option, and social stigma for the diseases.
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Some of the key players in epilepsy therapeutics market include Eisai Co., Ltd., GlaxoSmithKline, Pfizer Inc., UCB S.A., Sumitomo Dainippon Pharma Co., Ltd., Janssen Pharmaceutical, Abbott, Novartis AG, and Shire. The growing mergers and partnership among the key players of epilepsy therapeutics market are expected to boost the growth of market in the near future. Moreover, growing research and development activity for development of newer and advanced treatment therapy is expected to boost the growth of the market globally.
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This report segments the global epilepsy therapeutics market as follows:
Global Epilepsy Therapeutics Market: Product Type Segment Analysis
- First-generation epilepsy therapeutics
- Second-generation epilepsy therapeutics
- Third-generation epilepsy therapeutics
Global Epilepsy Therapeutics Market: Distribution Channel Segment Analysis
- Hospital Pharmacy
- Retail pharmacy
- Online pharmacy
Global Epilepsy Therapeutics Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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