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The epilepsy drugs market size is projected to grow from US$ 7.7 billion in 2022 to US$ 10.7 billion by 2030; it is estimated to record a CAGR of 4.1% during 2022–2030. Rising Research & Development (R&D) activities are likely to remain key trends in the market.
Epilepsy Drugs Market Analysis
Rising clinical trials for epilepsy drugs to develop innovative drugs will provide a lucrative opportunity for market growth in the coming years. For example, Mayo Clinic conducted a clinical trial to investigate the effectiveness and safety of "Fenfluramine Hydrochloride Oral Solution (ZX008) as an Adjuvant Therapy for children with Intractable Epilepsy with Myoclonic-Atonic Seizures. Further, rising incidence of epilepsy cases accelerates demand for antiepileptic drugs will drive market growth. For example, companies launching innovative products by the company is an influential factor responsible for accounting for considerable market growth during 2020-2030. Rising Research & Development (R&D) activities are likely to remain key trends in the market.
Epilepsy Drugs Market Overview
According to the WHO report, globally, an estimated 5 million people are diagnosed with epilepsy annually. For records, in high-income countries, there are an estimated 49 per 100000 people diagnosed with epilepsy, and in low-income countries, this figure is as high as 139 per 100000. The World Health Organization (WHO) report further reveals that epilepsy accounts for more than 0.5% of the global burden of disease, with out-of-pocket costs creating a substantial burden on households. Therefore, rising cases of epilepsy will accelerate demand for antiepileptic drugs in the coming decade.
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Epilepsy Drugs Market: Strategic Insights
Market Size Value in US$ 7,768.50 million in 2022 Market Size Value by US$ 10,705.48 million by 2030 Growth rate CAGR of 4.1% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Epilepsy Drugs Market: Strategic Insights
| Market Size Value in | US$ 7,768.50 million in 2022 |
| Market Size Value by | US$ 10,705.48 million by 2030 |
| Growth rate | CAGR of 4.1% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Epilepsy Drugs Market Drivers and Opportunities
Rising Incidence of Epilepsy Cases Accelerate Demand for Antiepileptic Drugs to Favor Market
According to the WHO 2024 published report, around 50 million people globally have epilepsy, making it the most common neurological disease—the rising incidence of epilepsy results in a considerable burden of healthcare costs worldwide. For example, it has been estimated that the 6 million people with active epilepsy cost over US$21.5 billion annually, and despite this, very few European countries have national plans to manage epilepsy disorder. Therefore, demand for antiepileptic drugs is high in demand to prevent seizures. For example, upto 70% of people living with epilepsy could become seizure free with appropiate use of antiseizures medicines as per the WHO report. Furthermore, rising prevalence of epilepsy cases accelerate demand for antiepileptic drugs are the major drivers of global epilepsy drugs market share.
Rising Clinical Trials for Epilepsy Drugs Provide Lucrative Market Opportunity
For example, Équilibre Biopharmaceuticals’s "EQU-001" witness "Phase Transition Success Rate (PTSR)" as the company reported Phase 2 results for anti-epileptic drugs. Additionally, the SANAD clinical trial was design to identofy the most effective and cost-effective treatments for patients with epilepsy. Previosuly "Valproate" was approved to control the seizures and was more efficacious over "Lamotrigine" and was the first drug choice for many patients suffering from generalized and unclassified epilepsies. However, due to adverse effects of valproate during pregnancy the physicians stop prescribing the drug. Further, the Lamotrigine through clinical trials was clinially proven better than valproate with cost effective alternative for patients diagnosed with partial onset seizures. Further, in 2024, the results from the clinical trial SANAD-2 are yet to be announced for new antiepileptic drugs. Therefore, rising clinical trials for development of new antiepileptic drugs is seen to leave a positive impact on the market, as it has an opportunity for innovative drugs.
Epilepsy Drugs Market Report Segmentation Analysis
Key segments that contributed to the derivation of the epilepsy drugs market analysis are type, cause, disorder type, category, and end user.
- Based on treatment, the epilepsy drugs market is segmented as first-generation anti-epileptics, second generation anti-epileptics, third generation anti-epileptics. The second generation anti-epileptics segment held the largest market share in 2022.
- By distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, and others. The hospital pharmacies segment held the largest share of the market in 2022.
Epilepsy Drugs Market Share Analysis by Geography
The geographic scope of the Epilepsy Drugs market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the market. In North America region, the US accounts largest share for epilepsy drugs market. Presence of top manufacturers in the region and their innovative antiepileptic drugs having effective pharmacological activity are the factors contributing to the dominance of the market. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
Epilepsy Drugs Market Report Scope
Epilepsy Drugs Market News and Recent Developments
The Epilepsy Drugs market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Epilepsy Drugs market are listed below:
- Eisai Co., Ltd. announced new product launch "Fycompa" intended for intravenous (IV) infusion. The injection formulation of Fycompa received manufacturing and marketing approval on January 2024 and this was included in the Japan's National Health Insurance (NHI) Drug Price list today. Fycompa is the first-in-class AED discovered at Eisai's Tsukuba Research Laboratories. (Source: Eisai Co., Ltd, Press Release, April 2024)
Epilepsy Drugs Market Report Coverage and Deliverables
The “Epilepsy Drugs Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Epilepsy Drugs market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Epilepsy Drugs market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Epilepsy Drugs market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Epilepsy Drugs market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Treatment, Distribution Channel, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The estimated value of epilepsy drugs market accounted US$ 11.9 billion in 2031.
UCB SA, Novartis AG, Pfizer, GSK, Abbott, Sanofi, Sumito Pharma Company, Teva Pharmaceuticals, Catalyst Pharmaceuticals, and Alkem Laboratories are the key players in the epilepsy drugs market.
Rising Research & Development (R&D) activities to remain as a key trend for epilepsy drugs market.
Rising incidence of epilepsy cases accelerate demand for antiepileptic drugs is one of the most influential factors responsible for market growth.
North America region dominated the epilepsy drugs market in 2023.
The CAGR for epilepsy drugs accounted 4.5% during 2023-2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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