PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378606
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378606
Global Antiepileptic Drugs Market is estimated to be valued at US$ 7.01 billion in 2023, and is expected to reach US$ 8.81 billion by 2030, exhibiting a Compounded Annual Growth Rate (CAGR) of 3.3% during the forecast period (2023-2030).
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 7.01 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 3.30% | 2030 Value Projection: | US$ 8.81 Bn |
Anti-epileptic drugs are prescribed for patients who suffer from seizures. The major symptom of epilepsy is repeated seizures, which are sudden bursts of electrical activity in the brain that temporarily affects the functioning of the brain. Some seizures causes the body to jerk and shake, while others cause problems such as loss of awareness or unusual sensations. Anti-epileptic drugs include a diverse class of medications that are increasingly used for conditions apart from epilepsy such as migraine prophylaxis, neuropathic pain, and bipolar disorder. Anti-epileptics are categorized in three generations as first generation, second generation and third generation. Each generation denotes a different specification. The first generation drugs includes Bromide, Phenobarbital, Primidone, and Carbamazepine, second generation drugs include Felbamate, Lamotrigine, Levetiracetam, and others, and third generation drugs includes Lacosamide, Eslicarbazepine Acetate, Clobazam and others. The third generation drugs are anticipated to register the highest CAGR over the foreascted period attributed to rise in the rise in penetration and increasing adoption of these drugs.
In order to bring new and innovative drugs to the market, key players are engaged in adopting organic organic strategies such as regulatory approval which is expected to drive the global anti-epileptic drugs market growth over the forecast period. For instance, in March 2022, UCB S.A, a biopharmaceutical company, announced that FINTEPLA (fenfluramine), a oral solution CIV had been approved in theU.S., by the U.S. Food and Drug Administration (FDA) for the treatment of seizures associated with Lennox-Gastaut syndrome (LGS) in patients of age two years and older. LGS is a severe childhood-onset developmental and epileptic encephalopathy characterized by drug-resistant seizures.
Antiepileptic Drugs Market Detailed Segmentation: