Global Epilepsy Market worth $4.70 Billion by 2030
According to a research report published by Spherical Insights & Consulting, the Global Epilepsy Market Size to grow from USD 2.61 Billion in 2021 to USD 4.70 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 8.35% during the forecast period.
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Browse key industry insights spread across 190 pages with 130 market data tables and figures & charts from the report on "Global Epilepsy Market Size, Share, and COVID-19 Impact Analysis, By Condition (Epilepsy Drug Resistant/Intractable Epilepsy, Others), By Diagnosis & Treatment (Diagnosis & Treatment), By End-use (Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Centers, Others), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/epilepsy-market
Frequent, sudden seizures are a defining feature of the chronic brain disorder epilepsy. One of the most common neurological disorders in the world, it can affect people of all ages. Around 50 million people throughout the world currently suffer from epilepsy, with 2.4 million new cases being discovered each year. The vast majority of epilepsy cases, however, are idiopathic, which means that their cause is unknown. Epilepsy currently only has symptomatic treatment options, including medication, surgery, and implanted devices. This highlights the unmet market need for better treatments, which would present business owners with lucrative expansion opportunities. The key factors driving the growth of the Global Epilepsy Market are the increase in accidents and brain injuries, as well as the increased risk of post-traumatic seizures occurring in patients with brain injuries. The amount of R&D funds invested in the epilepsy industry is increasing as a result of new trends, such as businesses creating novel therapies for epilepsy that is refractory and physicians wanting more potent medications. The market is growing as a result of the growing usage of rational polytherapy and cutting-edge imaging technology for early diagnosis. Also, the use of cutting-edge digital healthcare technologies like mHealth and telemedicine is anticipated to have a positive impact on the market for epilepsy. The key factors driving the growth of the Global Epilepsy Market are the increase in accidents and brain injuries, as well as the increased risk of post-traumatic seizures occurring in patients with brain injuries. The government's increasing funding for research to develop and create effective medications and treatments also contributed to the expansion of the healthcare epilepsy market. Epilepsy affects more than 50 million people worldwide, according to a World Health Organization (WHO) report, which will spur industrial expansion. The majority of survivors have developed epilepsy as a result of the rising number of traffic accidents that have been recorded, which is what is driving the market. The market's primary growth factor is the ageing population. The development of demand is being hampered by a lengthy prescription approval process and rising drug prices. The epilepsy market may also be hindered by a lack of understanding of the challenges brought on by the ailment. In fact, users are increasingly asking social media platforms and game developers to include epileptic warnings.
The treatment segment is dominating the market with the largest market share over the forecast period.
On the basis of diagnosis and treatment, the global epilepsy market is segmented into diagnosis and treatment. Among these, the treatment segment is dominating the market with the largest market share over the forecast period because there are inexpensive medications available to treat partial epileptic seizures. The licencing of efficient treatments by regulatory organisations will also help the market flourish. The diagnostic segment, on the other hand, is anticipated to mature at a CAGR of 9.19% during the evaluation period. By using various imaging tests and blood testing to identify the problem early on, segment development is expected to be expedited tenfold.
The drug resistant segment accounted the largest market share over the forecast period.
Based on the condition, the global epilepsy market is segmented into epilepsy drug-resistant/intractable epilepsy and others. Among these, the drug resistant segment holds the largest market share over the forecast period. It is projected that the development of rational polytherapy for disease treatment with minimal side effects will generate significant income for the epilepsy market.
The hospital segment is dominating the market with the largest market share over the forecast period.
On the basis of end user, the global epilepsy market is segmented into hospitals, clinics, diagnostic centers, ambulatory surgical centers, and others. Among these, the hospital segment is dominating the market with the largest market share over the forecast period due to regional government regulations that forbid the use of funds for treatment centre upgrades. Clinics, ambulatory surgery centres, and other enterprises are expected to develop at healthy rates in the interim.
North America is dominating the market with the largest market share over the forecast period.
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North America dominates the global epilepsy market as a result of the effective execution of suitable government initiatives. Due to intensive research and development activities, the epilepsy market in the region will grow over the course of the anticipated time. Asia Pacific is predicted to experience significant growth in the epilepsy market due to a rise in patient awareness of the active treatment of epilepsy. Also, it is anticipated that the epilepsy sector in the region would grow in the next years as medical requirement in developing countries increases.
Major vendors in the Global epilepsy Market include LivaNova PLC, GlaxoSmithKline plc., Eisai Co., Ltd., Pfizer Inc., Medtronic, UCB S.A., NeuroPace, Inc., GW Pharmaceuticals plc., Novartis AG, Abbott, Teva Pharmaceutical Industries Ltd, Sunovion Pharmaceuticals Inc., Sumitomo Dainippon Pharma Co. Ltd., Bausch & Lomb Incorporated, Sanofi, Takeda Pharmaceutical Company Limited., Marinus Pharmaceuticals Inc., Upsher-Smith Laboratories LLC., SK BIOPHARMACEUTICALS, Vertex Pharmaceuticals Incorporated, ESTEVE, Zogenix., Supernus Pharmaceuticals Inc, DAIICHI SANKYO COMPANY, LIMITED.
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