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Epilepsy is a common neurological condition characterized by recurrent seizures. This chronic noncommunicable disease can occur in people of all ages and is known to affect 50 million individuals worldwide. In the United States, around 3 million people are reported to suffer from epilepsy. The growing number of epilepsy cases coupled with the heightened patient awareness is contributing to the global epilepsy drugs market. Further, it is estimated that 70% of epilepsy patients could live seizure-free following appropriate diagnosis and treatment, indicating the need for effective epilepsy drugs. The rising advancements in drug development supported by the increased research funding and robust government initiatives are expected to drive the North America epilepsy drugs market growth.
Growth in clinical trials to introduce novel epilepsy drugs with better efficacy and minimal side effects is poised to shape the market landscape in coming years. In October 2023, the results of a phase 2b clinical trial of Xenon Pharmaceutical’s (a Canadian neuroscience-focused biopharmaceutical company) investigational drug XEN1101 demonstrated a reduction in seizure frequency by more than 50% in certain epilepsy patients and sometimes even eliminated them altogether. The study, conducted by the researchers at NYU Grossman School of Medicine (a medical school of New York University), also showed that the new oral drug can be started at its most effective dose, unlike other epilepsy treatments that have to be gradually ramped up. Increased clinical trial activities focused on evaluating the clinical outcomes of innovative epilepsy therapeutics is projected to boost the market value in the forecast period.
One of the major North America epilepsy drugs market trends is the rising entry of generic equivalents of popular epilepsy medications. For example, in December 2023, an Indian multinational pharmaceutical company Zydus Lifesciences Limited received US Food and Drug Administration (FDA) approval to manufacture and market a generic version of anti-epileptic medication, Lacosamide Tablets, in multiple strengths. The drug is indicated for the treatment of partial-onset seizures and is also used in combination with other medicines to treat primary generalized tonic-clonic seizures. Since generic medications are generally sold at lower prices than brand-name drugs, this market trend is anticipated to increase the accessibility of essential epilepsy treatment options and thereby augment the market demand.
North America Epilepsy Drugs Market Size
North America Epilepsy Drugs Market Analysis
North America Epilepsy Drugs Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is anticipated to grow at a CAGR of 4.30% during the forecast period of 2024-2032, driven by increased clinical trials and research initiatives to introduce novel anti-epileptic drugs in the region.
Rising healthcare expenditure and heightened patient awareness are fuelling the demand for the market.
One of the market significant trends is the rising entry of generic equivalents of epilepsy medications. For example, in December 2023, United States FDA approved Zydus Lifesciences Limited to manufacture and market a generic version of anti-epileptic medication, Lacosamide Tablets, in multiple strengths.
Based on the seizure type, the market is segmented into focal seizures, generalized seizures, and non-epileptic seizures, among others.
By drug generation, the market is divided into first generation drugs, second generation drugs, and third generation drugs.
By age group, the market is divided into pediatric and adult.
The market breakup by route of administration includes oral, nasal, injectable, and rectal, among others.
Distribution channels of the market are hospital pharmacies, drug stores and retail pharmacies, and online providers.
The market segmentation by countries includes the United States of America and Canada.
The key players in the market are UCB SA, Novartis AG, Pfizer Inc., GSK Plc, Abbott Laboratories, Sanofi SA, Sumitomo Pharma America Inc., Teva Pharmaceutical Industries Ltd., Catalyst Pharmaceuticals Inc., and Alkem Laboratories Ltd.
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