Epilepsy Drugs Market Is Expected to Reach $9.8 Billion by 2032: Allied Market Research

The factors driving the growth of the global epilepsy drugs market are the rising prevalence of epilepsy, increasing people’s awareness of epilepsy and its treatment options, increasing number of medical professionals, increasing geriatric population, and various Increased initiatives by non-governmental and governmental organizations to raise awareness of people with epilepsy through programs and campaigns.

PORTLAND, Ore., May 5, 2023 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, global epilepsy drug market It is estimated to generate $7 billion in 2022 and reach $9.8 billion by 2032, at a CAGR of 3.5% from 2023 to 2032. This report provides an in-depth analysis of changing market dynamics, top segments, key investment pockets, value chains, regional outlook, and competitive scenarios. This report is a helpful source of information for leading market players, new entrants, investors, and stakeholders to devise future strategies and take steps to strengthen their market position.

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Report scope and details:

Covid-19 Scenario:

• The outbreak of the COVID-19 pandemic has severely impacted the growth of the epilepsy drugs market. This is due to disruptions in the workflows of healthcare departments around the world. Many industries were forced to temporarily close, including several subdomains in healthcare.

• The global epilepsy drug industry faced decline in 2020 due to the global recession caused by the pandemic.

• Additionally, the pandemic has disrupted the supply chains of various end-user industries, including pharmaceutical and medical device companies. Moreover, declining epilepsy drug sales during the pandemic hampered the market growth.

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This report provides an in-depth segmentation of the global epilepsy drugs market based on seizure type, drug generation, distribution channel, and region. This report provides an analysis of each segment and sub-segment using tables and charts. This analysis will help market players, investors, and new entrants to determine which sub-segments to utilize to achieve growth in the coming years.

Based on seizure type, the focal seizure segment is expected to hold the largest market share of nearly three-fifths of the global epilepsy drugs market in 2022, leading the trail during the forecast period. However, the generalized seizure segment is estimated to witness the fastest he CAGR of 3.8% during the forecast period. The report also describes the non-epileptic seizure segment.

In terms of pharmaceutical generations, the second-generation pharmaceutical segment is expected to hold the largest market share of nearly three-fifths of the global epilepsy drugs market in 2022 and lead the market in terms of revenue during the forecast period. . However, the 3rd generation pharmaceutical segment is likely to achieve the fastest CAGR of 5.4% by 2032. The report also explores the first-generation pharmaceutical segment.

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Based on distribution channel, the drug store and retail pharmacy segment will account for the largest share in 2022, accounting for more than half of the global epilepsy drugs market, and will dominate the market in terms of revenue by 2032. However, the online provider segment is estimated to witness the fastest CAGR of 6.2% during the forecast period. The report also analyzes the hospital pharmacy segment.

Based on region, the North American market is likely to be the largest in 2022, accounting for nearly two-fifths of the global epilepsy drugs market, and maintain its dominance during the forecast period. market is expected to exhibit the highest CAGR of 4.3% from 2022 to 2032. Other regions analyzed in the study include Europe and her LAMEA.

Major players in the global epilepsy drugs market analyzed in the research include Abbott Laboratories, Bosch Health Companies, GlaxoSmithKline plc, H. Lundbeck A/S, Johnson & Johnson, Novartis AG, Sanofi, Sumitomo Pharmaceutical Co., Ltd., UCB SA, Viatris Inc.

This report analyzes the key players in the global epilepsy drugs market. These players are adopting various strategies such as expansion, new product launches, and partnerships to increase their market penetration and strengthen their position in the industry. This report helps determine the performance, business segments, product portfolios and developments by all market players.

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Allied Market Research (AMR) is the full-service market research and business consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global corporations and small businesses with unparalleled quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insight and consultancy to help clients make strategic business decisions and achieve sustainable growth in their respective market domains. I have. AMR provides services across 11 verticals including: Life scienceConsumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductors & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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