North America held the maximum revenue share in 2018 and it is expected to lead
Posted by Nikita Manwar on October 9th, 2019
The Global Anti-Epileptic Drugs Market was valued at USD 3,323.0 million in 2018, and is expected to reach USD 4,458.0 million by 2026, growing at a CAGR of 3.8% during 2019–2026. The major driving factors of the anti-epileptic drugs market is the rising awareness about epilepsy and new drug approvals over the past few years. Advancements in Drug structure of Anti-Epileptic Drugs and increasing social awareness about the evolved drug type are likely to drive the growth of global Anti-Epileptic Drugs market in near future.
Furthermore, advancements in medication management and improvement in healthcare services coupled with increasing number of drug approvals across the globe have led to burgeoning market growth of Anti-Epileptic Drugs market.
Valporic Acid drug segment is expected to dominate global Anti-Epileptic Drugs market during the forecast period. In 2018, Almost half of the market share was held by Valporic Acid drug in the component segment. However, the highest growth rate is expected to be witnessed by the Lacosamide component segment during the forecast period owing to increase in usage in in the treatment of partial-onset seizures.
“Major Players are focussing on implementation of healthcare services and also making the drug structure more homogenous to keep leadership in the competitive Anti-Epileptic Drugs market. For example, On January 2017, Novartis drug Votubia® receives EU approval to treat refractory partial-onset seizures in patients with TSC.”–—GMI Research
Based on geography, North America held the largest share in the market in 2018 because of rising awareness about the disease and treatment available, increase in number of rehabs and surgical centers in the region and exponential increase in the population regarding anti-epileptic drugs. In addition, there has been a rise in the number of approved anti- epileptic drugs. Asia – Pacific region is expected to have the highest growth rate in the forecast years due to high incidence rate of epilepsy diseases.
Key Market Developments:
Some of the key players operating in global Anti-Epileptic Drugs market include Abbott Laboratories, Cephalon, Inc, Sunovion Pharmaceuticals, Valeant Pharmaceuticals International, Sanofi S.A, UCB Pharma Ltd, GlaxoSmithKline plc, Johnson & Johnson, Novartis, AG, Pfizer Inc among others.
The Global Anti-Epileptic Drugs Market has been segmented on the basis of spectrum type, the market comprises of Narrow and Broad Spectrum. The drug type includes Phenytoin, Phenobarbital, Carbamazepine, Oxcarbazepine, Gabapentin, Pregabalin, Lacosamide, Vigabatrin, Valproic Acid, Lamotrigine, Topiramate, Zonisamide, Levetiracetam, Clonazepam, Rufinamide.
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About GMI Research
GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.
Company Name: GMI RESEARCH
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About the AuthorNikita Manwar
Joined: September 10th, 2019
Articles Posted: 80
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