Global Anti-epileptic Drugs for Pediatrics Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 7.3% during forecast period.
Global Anti-epileptic Drugs for Pediatrics Market Overview:
Epilepsy is a brain condition that causes recurrent seizures in people. Antiepileptic drugs are used to prevent seizures rather than treat epilepsy. They are normally administered for children who have frequent seizures, preferably after a particular epilepsy condition has been diagnosed and the likelihood of future seizures has been determined.
Global Anti-epileptic Drugs for Pediatrics Market Dynamics:
Rising prevalence of epilepsy and other neural disorders are the major factors driving the growth of market.
The World Health Organization (WHO) states that epilepsy affects approximately 50 million people worldwide, making it one of the most common neurological disorders. The disorder is found to be more common in children than in adults, leading to a higher likelihood for general practitioners to consult patients with epilepsy on a regular basis. The increasing prevalence of other neurological disorders such as anxiety and bipolar disorders are among the main demand drivers for anti-epilepsy drugs. Additionally, initiatives undertaken by the government to coordinate various epilepsy awareness programs as well as to make treatment facilities available are expected to accelerate market growth during the forecast period. Furthermore, ongoing R&D activities in pharmaceuticals are expected to fuel market growth by developing new drug therapies. There are large numbers of drug candidates in production. Also, the rising geriatric population and dietary preferences are two important factors driving the global antiepileptic drugs market growth. There are currently over 26 Anti-epileptic Drugs (AEDs) available in the market to treat different epileptic syndromes. AED can fully suppress seizures in about 70% of cases of pediatric epilepsy. In addition, attempts to build AEDs with novel mechanisms of action are expected to change care patterns. Biscayne Pharmaceuticals Inc., a clinical-stage biotechnology company headquartered in the United States, is focused on using its lead compound BIS-001, which has a novel mechanism of action, to treat refractory types of focal epilepsy.
However, the global pediatric epilepsy therapeutics market is expected to be hampered by certain factors such as a lack of knowledge about diseases in developing countries, dearth of medical facilities in low and middle-income countries, as well as a reluctance to implement epilepsy medications. Along with this, the absence of a proper supply chain for epilepsy medications, and the side effects associated with treatment, are expected to limit the market growth.
The report has profiled seventeen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.
Global Anti-epileptic Drugs for Pediatrics Market Segment Analysis:
The Global Anti-epileptic Drugs for Pediatrics Market is segmented on the basis of Drug Type and Distribution Channel.
Based on Drug Type, 3rd generation drugs segment accounted for the largest market share XX % in 2019. The segment is projected to register a CAGR of 4.1% during the forecast period. Third-generation medications such as UCB’s Keppra (levetiracetam) and GlaxoSmithKline’s (GSK’s) Lamictal (lamotrigine) have quickly gained popularity as first-line therapies. These new antiepileptic medications are undergoing extensive clinical trials to determine their effectiveness and utility in the treatment of refractory epilepsy patients. Increasing adoption of these drugs is expected to aid the segment growth.
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Global Anti-epileptic Drugs for Pediatrics Market Regional Insights:
Global Anti-epileptic Drugs for Pediatrics Market Regional Insights
North America dominated the global market in 2019.
North America is expected to continue its dominance throughout the forecast period. The presence of favorable government policies, robust research and development programs, and the introduction of new generation anti-epileptic drugs are expected to propel market growth. Along with this, the rising disease diagnosis rates of neurological disorders are expected to keep this area in the lead over the forecast period. In addition, an increase in the number of awareness campaigns about the availability of unique drugs and treatment options, will contribute to the development.
The report also helps in understanding Global Anti-epileptic Drugs for Pediatrics Market dynamics, structure by analyzing the market segments and project the Global Anti-epileptic Drugs for Pediatrics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Anti-epileptic Drugs for Pediatrics Market make the report investor’s guide.
Global Anti-epileptic Drugs for Pediatrics Market, Key Developments:
In September 2019, GW Pharmaceuticals plc. a biopharmaceutical corporation based in the United Kingdom, announced that EPIDYOLEX, a groundbreaking treatment for Dravet syndrome or Lennox-Gastaut syndrome (LGS), has obtained European Commission (EC) approval as adjunctive therapy for seizures. It is intended for patients who are at least 2 years old. It will be released in the European Union.
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Global Anti-epileptic Drugs for Pediatrics Market Scope: Inquire before buying
Global Anti-epileptic Drugs for Pediatrics Market, By Region:
• North America • Europe • South America • MEA • APAC
Global Anti-epileptic Drugs for Pediatrics Market, Key players: