As per Future Market Insights’ latest industry analysis, the valuation for the global antiepileptic drugs industry is estimated to be around US$ 17.3 Billion in 2022, and is projected to exhibit growth at a CAGR close to 4.3% over the forecast period, with an estimated valuation to be around US$ 26.2 Billion by 2032.
Epilepsy is a condition that causes repeated seizures that are not brought on by localized or severe brain shocks. Epilepsy is linked to gradual impairments in cognitive functioning, neurological damage, and other cerebral impairments if it is left untreated. Antiepileptic medications (AEDs) are prescribed to patients who have epilepsy to reduce the frequency and/or severity of their seizures.
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After headaches, epilepsy is the second most prevalent neurological disorder. Since it has a significant financial impact on the health care system and imposes a significant morbidity burden on both individuals and society, it is a major concern for public health. It is characterized by repeated seizures with cerebral etiology.
Numerous medicines used to treat epilepsy frequently result in severe poisonings. AEDs do not have a perfect pharmacokinetic profile, which makes them suitable for both therapeutic and toxicity monitoring. Currently, tailoring the dosage to the patient’s specific requirements and keeping an eye on adequate blood concentrations is very advantageous for patients utilizing different AEDs.
The growing ageing population, rising burden of neurological conditions, and rising disposable income, are thus the factors driving the demand for the global antiepileptic drugs market.
Key Takeaways from Market Study:
- Second generation of antiepileptic drugs are the leading segment as drug generation, and hold approximately 4% market share in 2021. In comparison to first-generation medications, second generation AEDs have a lower risk of teratogenesis and a more favorable side-effect profile.
- Oral route of administration segment is set to lead in terms of route of administration of antiepileptic drugs with a market share of around 2% in 2021, owing to its ease of administration in pediatric and geriatric patients.
- By distribution channel, retail pharmacies are leading in the global antiepileptic drugs market, and are expected to continue to do so with a projected CAGR of 6% during the forecasted years.
- North America is considered as the leading region with a value share of 6% in 2021, owing to the high prevalence of neurological diseases in the region.
“Rising prevalence of neurological and mood disorders has called for innovations within the antiepileptic drugs market sphere,” says an analyst of Future Market Insights.
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Market Competition:
Key market leaders are concentrating on receiving regulatory agency approvals, which is anticipated to propel the expansion of the worldwide antiepileptic drugs market. Key players are coming up with new drug profiles to widen their portfolio presence.
For instance:
- Pfizer, Inc. reported in July 2019 that the US Food and Drug Administration has approved the first Lyrica (pregabalin) generics for use as an adjunctive therapy for the management of partial onset seizures in patients aged 17 and older.
- In August 2021, Eisai Co., Ltd. announced that the National Medical Products Administration in China had granted its internally discovered and developed anti-epileptic drug (AED) Fycompa® two additional approvals as “a monotherapy for partial-onset seizures” and “an adjunctive treatment / a monotherapy for pediatric indication for partial onset seizures in patients with epilepsy 4 years of age and older.”
What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the antiepileptic drugs market in its latest study, presenting a historical demand assessment of 2012 – 2021 and projections for 2022 – 2032. The global antiepileptic drugs market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
The research study is based on the drug generation – (first generation, second generation, and third generation), by route of administration (oral, and intravenous), by distribution channel (hospital pharmacies, retail pharmacies, online pharmacies, and drug stores), across seven key regions of the world.
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Key Companies Profiled:
- Merck KGaA
- Eisai Co., Ltd.
- AstraZeneca
- Novartis AG
- Abbott
- Teva Pharmaceutical Industries Ltd.
- Pfizer Inc.
- GlaxoSmithKline plc
- Sanofi
- Johnson & Johnson Service, Inc.
- Dr. Reddy’s Laboratories Ltd.
Key Market Segments Covered in Antiepileptic Drugs Industry Research
By Drug Generation:
- First Generation
- Second Generation
- Third Generation
By Route of Administration:
- Oral
- Intravenous
By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Drug Stores
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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