Anti-epileptic drugs are prearranged for patients who suffer from the seizures. The foremost symptom of epilepsy is repeated seizures, which are unexpected bursts of electrical activity in the brain that temporarily affects operating functioning of the brain. Some seizures cause the body to jerk and shake, while others cause issues such as loss of awareness or uncommon sensations. Anti-epileptic drugs (AEDs) involve a diverse class of medications that are progressively used for conditions apart than epilepsy such as migraine prophylaxis, neuropathic pain, and bipolar disorder. Additionally, growing incidences of other neurological disorder and prenatal injuries are the aspects that underwrite to the surging epileptic cases and induces the requirement for the better antiepileptic treatments.
Growing aim of the market players on unmet requirements of patients with the refractory epilepsy, emergence of novel efficacious anti-epileptic drugs and increasing prevalence of epilepsy and seizures are the few growth drivers of antiepileptic drug market. According to the report analysis, ‘Antiepileptic Drug Market: Current Analysis and Forecast (2021-2027)’ states that some of the foremost players working in the market are Novartis AG, GlaxoSmithKline Plc, Johnson & Johnson Service, Inc., Teva Pharmaceutical Industries Ltd., Pfizer Inc., Zogenix, Dr. Reddy’s Laboratories Ltd., Alkem Labs, SK Biopharmaceuticals, and Eisai Co., among others. Countless M&as along with partnerships have been undertaken by these market players to develop new and improved antiepileptic drugs. This report delivers detailed information concerning several insights of the market.
Based on drug class, the market is classified into the first generation, second generation, and third generation. Amongst them, second-generation drugs controlled a significant share in the antiepileptic drug during in 2020. This is owing to their effectiveness in dealing with the decelerating brain impulse and controlling the seizures.
Based on the distribution channel, the market is categorized into retail pharmacies, hospital pharmacies, and online pharmacies. The online pharmacy segment is projected to witness significant CAGR due to the increasing penetration of e-pharmacy platforms across the world coupled with growing awareness concerning services offered by e-pharmacy. Furthermore, the increasing focus on digitization and increasing internet penetration in developing nations are some other foremost factors propelling the market.
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For a better understanding of the market implementation of the antiepileptic drug market, the market is analyzed based on its global presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a foremost market for the antiepileptic drug industry due to the growing prevalence of epilepsy. It’s anticipated that about 1.2 percent of U.S. individuals have active epilepsy. Furthermore, the existence of well-established market players and an advanced healthcare ecosystem is projected to contribute significantly region’s steady growth throughout the forecast period. Therefore, it is predicted that during the near future the market of antiepileptic drug will augment more progressively over the review duration.
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Global Antiepileptic Drug Market: Ken Research
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