Epilepsy drugs market is highly driven by rise in cases of stroke, brain tumors, and brain injury. Antiepileptic drugs are prescribed due to the rising demands for treatment for epilepsy. Adoption of novel approach by manufacturers for production of therapeutic drugs also contributes to the market growth in the forecast period.
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Change in lifestyle and increase in geriatric population with unmet medical needs along with rise in awareness is expected to trigger the market growth in the near future. However, rise in demand for generic drugs and availability of cheaper substitutes are likely to hinder the market growth in the forecast period.
On the basis of generation, the epilepsy drugs market is segmented as first generation epileptic drugs, second generation epileptic drugs, and pipeline drugs. Pipeline drugs hold a significant market share in the forecast period due to their enhanced efficiency and efficacy.
Geographical segmentation for epilepsy drugs industry includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America is a huge market exhibiting higher potential in terms of diagnosis and treatments coupled with rise in prevalence of epilepsy since it has affected a major population in the United States.
Asia-Pacific regions have also registered a remarkable growth in the forecast period due to high prevalence of epilepsy in several parts of the region. Availability of drugs and treatment through novel mechanisms are some factors driving the market growth for APAC. Latin America is a huge market for epilepsy drugs that encompasses significant healthcare expenditure along with higher prevalence of epileptic cases in the region. The key players in the epilepsy drugs market include Sanofi S.A., UCB Pharma Ltd, Valeant Pharmaceuticals, Pfizer Inc, Johnson & Johnson Co, Abbott Laboratories Inc, Novartis AG, GlaxoSmithKline PLC, CephalonInc, and SunovionPharamceuticals.
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