Market Overview
As per the research that has been made on the market of epilepsy, it is showing a potential growth at a CAGR of 8.20% with USD 9.50 Billion valuations by the forecast timeline of 2023.
The increased epilepsy rate in the geriatric community and also the increase in brain injury cases are some of the primary factors that are driving the growth of the market. There is a highly sensitive risk of elder epilepsy which is likely to pace the consumer demand. Other than this, the brand image can also create post-traumatic epilepsy and post-traumatic seizure which further can increase the demand in the industry of epilepsy. The demand across the world for epilepsy is also hampered by the Epilepsy Market Trends through some main factors like creating an experimental medicine, the new drugs arrival in the developed area and also the neurological disorder prevalence like tumour and meningitis to name some. This further has fuelled up the health care prices improvement and also the disposable income rise. Different companies are active in the industry plan of the epilepsy therapeutic solution and strengthen the global reach using the government agencies' authorization and strategic mergers and acquisitions.
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Key Players
LivaNova PLC (U.K.), GlaxoSmithKline PLC (U.K.), Eisai Co. Ltd. (Japan), Pfizer Inc. (U.S.), Medtronic PLC (Ireland), UCB SA (Belgium), NeuroPace Inc. (U.S.), GW Pharmaceuticals PLC (U.K.), Novartis AG (Switzerland), Johnson & Johnson Services Inc. (U.S.), Abbott Laboratories (U.S.)
Market Segmentation
As per the market segmentation made on epilepsy, the segmentation is done as per Diagnosis and Treatment and Condition
As per Condition
As per the market segmentation made on epilepsy, the segmentation based on condition consists of:
- Epilepsy Drug-Resistant
- Intractable Epilepsy
As per Diagnosis and Treatment
As per the market segmentation made on epilepsy, the segmentation based on Diagnosis and Treatment consists of:
- Treatment
- Diagnosis
By End-Use
As per the market segmentation made on epilepsy, the segmentation based on End-Use consists of:
- Clinics
- Diagnostic Centers
- Hospitals
- Ambulatory Surgical Centers
Regional Classification
As per the research made, the regions like North America, Europe, Asia-Pacific, and the Rest of the World (RoW) are showing quite a huge interest in this market. Due to advancements in technology and high use of IoT, the demand of this market is quite high in North America, Following it the interest by Assai pacific and Europe is also noticed quite high.
Industry News
- Cenobamate (Xcopri) testing in December 2020 was started that showed positive results and thus seizure-freedom rate was quite high.
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