Epilepsy Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
Fairfield Market Research, a leading provider of market insights, has unveiled a comprehensive report on the Epilepsy Treatment market, the global epilepsy treatment market reaching a significant milestone of US$ 6.9 billion in 2024. The market is projected to continue its upward trajectory, surging to US$ 14.1 billion by the end of 2031.
Understanding Epilepsy and Its Treatment
Epilepsy, a neurological disorder characterized by recurrent seizures, is caused by abnormal electrical activities in the brain. Seizures can manifest in various forms, from convulsions and loss of consciousness to subtle changes in behavior, perception, or sensation. While epilepsy can affect individuals of all ages, it is most frequently diagnosed in children and older adults.
Key Market Insights:
• The treatment segment, comprising drugs and surgery, held a substantial market share of 72.8% in 2022.
• Revenue from epilepsy treatment represented 20.1% of the global neuroscience market in 2022.
Factors Fueling Demand for Epilepsy Treatment
The prevalence of epilepsy has been on the rise worldwide, driven by several factors, including an aging population. Epilepsy is more common among older adults, and as the population ages, the number of individuals with epilepsy is expected to increase. Advances in medical technology have facilitated the diagnosis of epilepsy, while increased awareness of the condition has prompted more individuals to seek medical attention for seizures.
World Health Organization (WHO) Statistics: Until June 2022, epilepsy affected 50 million people worldwide, making it one of the most common neurological conditions. Alarmingly, almost 80% of epileptics reside in low- and middle-income nations, as per WHO.
Furthermore, the incidence of traumatic brain injuries (TBIs) has surged due to various factors, including an increase in road traffic accidents, falls, and sports-related injuries. This escalation in risk factors, such as TBIs, strokes, and brain tumors, underscores the urgency of preventing these conditions and providing appropriate treatment and support to individuals developing epilepsy as a result.
Centers for Disease Control & Prevention (CDC) Findings: People with TBI are 50 times more likely to die due to seizures, according to CDC (2022).
World Stroke Organization Data: The global fact sheet on stroke for 2019 reported 13.7 million new cases of stroke each year globally.
The increasing prevalence of stroke and drug-resistant epilepsy is anticipated to drive demand for advanced epilepsy treatment over the forecasted period.
Country-wise Insights
Landscape in the United States: The U.S. market is experiencing growth primarily due to increased awareness and diagnosis of epilepsy, leading to better identification and treatment of neurological conditions. This progress is a result of education and awareness campaigns, improved diagnostic tools, and enhanced healthcare access.
Epilepsy Treatment in China: In China, the market is burgeoning due to an aging population, rising healthcare costs, and an increasing prevalence of epilepsy. However, gaps in healthcare delivery and social discrimination rooted in cultural beliefs about epilepsy pose challenges to treatment in the country.
Demand in Germany: Germany exhibits a high prevalence of epilepsy, resulting in elevated healthcare costs. Advances in medical technology and heightened awareness of the condition among healthcare professionals have led to higher detection rates, bolstering the epilepsy treatment market.
Competition Landscape
The epilepsy treatment market boasts significant competition, with key players seeking to expand their global presence through partnerships, mergers, acquisitions, and the launch of technologically advanced products.
Key Companies Covered:
• Medtronic PLC
• GlaxoSmithKline PLC
• Sun Pharmaceutical Industries Ltd.
• Novartis AG
• Teva Pharmaceutical Industries Ltd.
• Zydus Cadila Healthcare Ltd.
• Boston Scientific Corporation
• ElectroCore, Inc.
• LivaNova PLC
• Nihon Kohden Corporation
• Natus Medical Incorporated
• Neurosoft, Inc.
• Pfizer, Inc.
• Abbott Laboratories
• Sanofi S.A.
• Cipla Pharmaceuticals
• Torrent Pharmaceuticals Ltd.
Key Segments of Epilepsy Treatment Industry
Diagnosis & Treatment Type:
• Diagnosis
Inpatient
Outpatient
• Treatment Type
Drugs
Lamotrigine
Phenytoin
Carbamazepine
Valproic Acid
Others
Surgery Treatment
Other Treatments
• Devices
Monitoring Devices
Electrocorticography (ECoG) Electrodes
Intraoperative Patient Monitoring Devices
Neurostimulation Devices
Responsive Neurostimulation
Deep Brain Stimulation
Vagus Nerve Stimulation
Seizure Type:
• Generalized Seizures
• Focal Seizures
• Both
Distribution Channel:
• Hospital Pharmacies
• Retail Pharmacies
• Drug Stores
• Online Pharmacies
Service Provider:
• Hospitals
• Ambulatory Surgical Centers
• Diagnostic Centers
• Specialty Clinics
Region:
• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa
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