Epilepsy is typically zed as a chronic neurological disorder that can cause recurrent unprovoked seizures followed by undetectable episodes of involuntary movement. The major causes can be infections, genetic mutations, brain injury and a tumour that leads to abnormal blood vessels development and bleeding in the kids' brain. The children suffering from autism, down syndrome, and other metabolic disorders may possibly to have epilepsy. Symptoms include uncontrollable jerking movements, temporary confusion, fear, anxiety and others.
The occurrence of epileptic seizures is more in low to middle-income countries, which drives the demand for epileptic seizure treatment is highly developed countries. According to the Epilepsy Foundation, only about 25 % of people who have Status Epilepticus will have epilepsy. Also, in many cases, it happens to children under the age of 15 years and adults above 40 years. There are numerous complications of epilepsy that can range from no complications to death.
Data Bridge Market Research analyses a growth rate in the paediatric epilepsy therapeutics market in the forecast period 2023-2030. The expected CAGR of paediatric epilepsy therapeutics market is tend to be around 5% in the mentioned forecast period. The market was valued at USD 11.45 billion in 2022, and it would grow up to USD 16.91 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Increased occurrence of epilepsy and rising incidence of neurological disorder are expected to increase the demand for paediatric epilepsy therapeutics, which is projected to boost the market growth during the forecast period. For instance, in June 2019, as per the World Health Organization (WHO), epilepsy affects more than 50 million individuals globally. Furthermore, seizure recurrence is caused by abnormal brain activity. This boosts the market growth.
North America is dominating the market because of the occurrence of key manufacturers of the product is high and, increasing research and development activities.
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Asia-Pacific is considered to grow over the upcoming years because of augmented new research and developments on paediatric epilepsy therapeutics market.
Key players operating in the paediatric epilepsy therapeutics market include:
GSK Plc. (U.K.)
Pfizer Inc. (U.S.)
Medtronic (Ireland)
UCB S.A. (Belgium)
NeuroPace, Inc (U.S.)
Jazz Pharmaceuticals, Inc (U.K.)
Novartis AG (Switzerland)
Johnson & Johnson Services, Inc. (India)
Abbott (U.S.)
Sage Therapeutics, Inc (U.S.)
Sunovion Pharmaceuticals Inc (U.S.)
Sanofi (France)
Bausch Health Companies Inc. (Canada)
Amneal Pharmaceuticals LLC (U.S.)
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The epilepsy therapeutic market has foreseen impressive improvement in the ongoing years and is anticipated to experience enormous advancement in the approaching years because of the increasing predominance of epilepsy.
The high dismissed therapeutic call for is considered to fuel the improved prospects for the market over the approaching years.
The worldwide market for epilepsy is extending at a remarkable pace because of expanding predominance of epilepsy cases worldwide and expanding awareness regarding the treatment of the same.
Also, growing awareness about the neurological issue and enhanced healthcare facilities are fuelling the market for epilepsy therapeutics in North America.
For example, in 2014, Eisai Co. Ltd. initiated two new medications, the AMPA receptor antagonist Trobalt and Fycompa in the U.S. also, in other 35 nations.
A few of the foremost driving aspects of the epilepsy therapeutics market in emerging nations are growing awareness for various neurological ailments as well as enhanced healthcare facilities in these areas.
