Global Epileptic Seizures Treatment Market, by Drug Type (First Generation, Second Generation, and Third Generation), by Seizure Type (Partial Seizures, Generalized Seizures, and Unclassified Seizures), by Route of Administration (Oral/Buccal, Nasal, Rectal, and Parenteral), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 3.0 billion in 2020 and is expected to exhibit a CAGR of 5.4% during the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
Global Epileptic Seizures Treatment Market - Impact of Coronavirus (COVID-19) Pandemic
The rapid global spread of COVID-19 is challenging healthcare systems worldwide, in terms of healthcare planning, infrastructure, and spending. Healthcare professionals are forced to treat severely ill patients with limited access to ventilation equipment, qualified intensive care personnel or protective patient monitoring devices. Since December 2019, novel coronavirus has spread throughout China and across the world, causing a continuous increase in confirmed cases within a short period of time. For instance, according to the World Health Organization Coronavirus Disease (COVID-19) Dashboard (WHO) report, the manifestation of the coronavirus disease (COVID-19) has resulted in over 67 million infected individuals worldwide as of 8th December 2020. Moreover, governments have introduced various measures to encourage social distancing and discourage non-essential travel to limit spread of the disease, in order to reduce infection risk to both National Health Service (U.K.) staff and patients.
The increasing number of product approvals and launches, clinical trials, and mergers and acquisition strategies adopted by key players are the major factors, which are expected to drive growth of the epileptic seizures treatment market during the forecast period.
Rising clinical trials for development of advanced epileptic seizures treatments drugs is expected to propel the epileptic seizures treatment market growth over the forecast period. For instance, in May 2019, Pfizer Inc. announced that a Phase 3 study to assess the use of Lyrica (pregabalin) as adjunctive therapy for epilepsy patients 5 to 65 years of age with primary generalized tonic-clonic (PGTC) seizures did not meet its primary endpoint. Treatment with Lyrica did not result in a statistically significant reduction in seizure frequency versus placebo. Lyrica is not indicated for the treatment of PGTC seizures. The study was a post-marketing commitment to the U.S. Food and Drug Administration (FDA).
The product approvals of advanced epileptic seizures treatments from regulatory bodies is expected to contribute significantly to the epileptic seizures treatment market growth. For instance, in November 2018, GW Pharmaceuticals plc, a global company in the development and commercialization of cannabinoid prescription medicines, along with its U.S. subsidiary Greenwich Biosciences, announced that EPIDIOLEX (cannabidiol) oral solution CV is now available in the U.S. for the treatment of seizures associated with Lennox-Gastaut syndrome (LGS) or Dravet syndrome in patients two years of age or older. EPIDIOLEX was approved by the U.S. Food and Drug Administration (FDA) on June 25, 2018, and is the first prescription pharmaceutical formulation of highly purified, plant-derived cannabidiol (CBD), a cannabinoid lacking the ‘high’ felling associated with marijuana, and the first in a new category of anti-epileptic drugs.
Browse 44 Market Data Tables and 42 Figures spread through 204 Pages and in-depth TOC on Epileptic Seizures Treatment Market, by Drug Type (First Generation, Second Generation, and Third Generation), by Seizure Type (Partial Seizures, Generalized Seizures, and Unclassified Seizures), by Route of Administration (Oral/Buccal, Nasal, Rectal, and Parenteral) by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Forecast to 2027"
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The rising adoption of inorganic growth strategies such as mergers and acquisitions by major companies is expected to drive growth of the epileptic seizures treatment market. For instance, in June 2020, UCB acquired Engage Therapeutics, Inc., a clinical-stage pharmaceutical company developing Staccato Alprazolam for the rapid termination of an active epileptic seizure, for US$ 125 million in cash (subject to certain adjustments) and around US$ 145 million in further potential milestone payments related to clinical development, submission and launch of Staccato Alprazolam. Staccato Alprazolam is an investigational drug (Phase 2) developed as a single-use epileptic seizure rescue therapy that combines Staccato delivery technology with alprazolam, a benzodiazepine.
Key Takeaways of the Epileptic Seizures Treatment Market: