Acute Repetitive Seizures Market will grow at Highest Pace Owing To Increasing Prevalence Of Epilepsy
The acute repetitive seizures market comprises drugs that are used for the treatment of brief recurrent seizures that occur within a short span of time. Acute repetitive seizures are typically caused by conditions like recurrent generalized tonic-clonic seizures as well as generalized seizure clusters. Some of the main drug classes used for managing acute repetitive seizures include benzodiazepines, anti-epileptic drugs, and intravenous anesthetics.
The global acute repetitive seizures market size is estimated to be valued at US$ 3.10 Bn in 2024 and is expected to exhibit a CAGR of 12.% over the forecast period 2024 To 2031. The need for effective therapies for handling recurrent seizure episodes among the growing geriatric population prone to epilepsy is a key factor boosting market growth.
Key Takeaways
Key players operating in the acute repetitive seizures market are Neurelis, Inc., Bausch Health Companies Inc., Alexza Pharmaceuticals, Inc., VERITON PHARMA, UCB S.A., Takeda Pharmaceutical Company Limited, Pfizer Inc., Sanofi, GSK plc, Eisai Co., Ltd., H. Lundbeck A/S, Cognizance Biomarkers, LLC. These companies hold a majority market share owing to their diverse product portfolios and global presence.
The growing incidences of treatment-resistant epilepsy worldwide present significant opportunities for players to introduce novel therapies with improved efficacy. Furthermore, favorable initiatives by regulatory agencies to expedite drug approval for orphan drugs indicate lucrative prospects.
Key companies are focused on expanding their global footprint through new product launches and strategic collaborations. For instance, Neurelis launched VALTOCO in the U.S. for treatment-resistant epilepsy in adults, adolescents, and children.
Market Drivers:
- Rising prevalence of epilepsy stemming from an aging population base is a key driver as risks of seizures tend to increase with age. According to the World Health Organization, epilepsy is particularly common among people aged above 60 years.
- Growing investments into research and development of advanced therapies is anticipated to yield more efficacious treatment options with fewer side-effects over the forecast period.
Market Restraints:
- Stringent regulatory processes for approvals of orphan drugs can significantly delay market entry of pipeline products.
- Significant costs associated with clinical trials along with high risks of failure further increase costs of development, posing a major challenge especially for small and mid-sized firms.
Segment Analysis
The acute repetitive seizures market is dominated by the drug therapy sub segment. Drug therapy involves the use of anticonvulsants and antiepileptic drugs to control epileptic seizures. This sub segment witnesses high demand due to the availability of a range of drugs that can be administered orally or through other routes like intranasal sprays. Drug therapy is a preferred treatment option as it provides consistent drug levels in the body and reduces the risk of seizures when administered properly.
Acute Repetitive Seizures Market Regional Analysis as North America dominates the global acute repetitive seizures market currently due to strong healthcare infrastructure as well as presence of major market players in the region. Increased awareness about epileptic conditions and availability of advanced treatment options drive market growth in North America. Asia Pacific is expected to witness highest growth during the forecast period owing to rising geriatric population, increasing healthcare spending, and growing cases of epilepsy in developing nations like India and China.
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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