Market Snapshot:
Epilepsy is known as a brain disorder which is characterised by the spontaneously occurring and recurrent seizures. Seizures result from the abnormal electrical discharges in the brain. Epilepsy can also be considered as a spectrum disorder due to its different causes, different types of seizure and different disease severities. Many different epilepsy syndromes have been characterised, with some of these syndromes which are appearing to be hereditary. The market of the epilepsy drug is rising due to the rising advancement in technology
The research analyst at AMA estimates Epilepsy Drug market to grow at a compounded annual growth rate of 3.0%
Market Drivers
- Advances in the understanding of epilepsy pathology
- Emerging market growth, rising old age population, increasing incidences of accidents globally
Market Trend
- Increasing costs of epilepsy management
- Modification of Existing Epilepsy Drugs
Restraints
- High directs costs
- Threatening expiration of drug patents
- The drugs can cause dizziness, nausea, headache, vomiting, fatigue, vertigo, ataxia, blurred vision, and tremor
Opportunities
The high annual cost of therapy for pipeline drugs means they will generate high sales and drive growth
Players Covered in the Study are:
Pfizer (United States), Eisai (Japan), Novartis (Switzerland), Sanofi (France), Union Chimique Belge (Belgium), Abbott (United States), GlaxoSmithKline (United Kingdom), Sunovion Pharmaceuticals (United States) and Teva Pharmaceutical (Israel)
The Global Epilepsy Drug market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Industry Insights:
Pfizer Acquired Hospira, Inc., Ferrer Pharma Acquired Alexza Pharmaceuticals, Zogenix Acquired Brabant Pharma and Sawai Pharmaceutical Acquired Upsher-Smith Laboratories