Epilepsy is a chronic condition that triggers recurrent and unprovoked seizures. Epilepsy has been known as the fourth most prevalent neurological ailment. It can affect anyone irrespective of their ages.
The Epilepsy Market is likely to expand at a steady pace across the globe. Market Research Future stated in its recently published reports that the worldwide anti-epilepsy drugs is growing and can be estimated to gain momentum during 2017 to 2023. The market has been anticipated to reflect a consistent upsurge by the conclusion of 2023, surpassing its earlier growth records in terms of worth with a remarkable CAGR over the forecast period.
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Market Key Players
These are some of the noteworthy players at the forefront of rivalry in the global Epilepsy Market which have been profiled in MRFR Analysis
The global Epilepsy Market has been dominated by key players such as –
Johnson & Johnson
UCB Pharma Ltd.
Shire Pharmaceuticals Limited
Globally, the Epilepsy Market has been segmented based on region, generation, and types of seizures.
The global epilepsy market is segmented by condition, diagnosis & treatment, and end-user.
By condition, the ‘others’ segment accounted for 70.5% market share in 2017. It is touted to reach a worth close to USD 6,571.40 million by 2023. On the other hand, the drug resistant epilepsy segment is projected to reach a valuation of USD 2,937.80 million by the end of the forecast period.
By diagnosis & treatment, the treatment segment held 66.2% share of the epilepsy market in 2017. The segment can exhibit 7.91% CAGR during the forecast period due to availability of affordable drugs for treating partial epileptic seizures.
By end-user, hospitals were the largest segment of the market with a valuation of USD 1,739.22 million in 2017. It is projected to exhibit a stellar 8.29% CAGR over the forecast period.
6 Market Factor Analysis
6.1 Porter’s Five Forces Analysis
6.1.1 Bargaining Power of Suppliers
6.1.2 Bargaining Power of Buyers
6.1.3 Threat of New Entrants
6.1.4 Threat of Substitutes
6.1.5 Intensity of Rivalry
6.2 Supply Chain Analysis
6.2.4 Marketing & Sales
6.2.5 Post-Sales Monitoring
6.3 Investment Opportunities
6.4 Pricing Analysis
6.5 Demographic Analysis
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Pfizer Inc. is one of the renowned players in the arena of global anti-epilepsy drugs market. In 2015, their headquarters have been established in the U.S. The company generated an annual revenue of USD 48,851 million. In 2016, the sum reached USD 52,824 million. Such a sharp rise in the global sales, helped the company to invest a considerable percentage of their sales into the research and development wing. The company invested 14.9% of its total revenue into the R&D during 2016, allowing it to launch new product, flourish its product portfolio, and hold a powerful position in the market.
Geographically, the Americas leads the worldwide market for epilepsy market on account of the growing incidents of epilepsy, availability of the advanced technologies, along with the enhanced healthcare infrastructure within the region. The Centers for Disease Control and Prevention stated in their reports that during 2015, 1.2% of the total U.S. populace suffered from active epilepsy. Additionally, it had been projected that, in the US, the annual sum of indirect and direct worth of epilepsy was around USD 15.5 billion. Europe holds the second share in the market owing to increasing healthcare outlays, surging healthcare R&D spending by the governing bodies, and rapid patient population. Ask for an Amazing [email protected] https://www.marketresearchfuture.com/check-discount/7730
The Asia Pacific region has been the fastest expanding market due to the presence of developing countries like China and India. These regions have large patient population and the countries are putting additional efforts in growing their healthcare outlays. Besides, favorable administrative policies within the region propels the market growth significantly. Middle East and Africa holds the least market share particularly because of the presence of strict government regulations and the poor economic conditions prevailing within the African market.
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