Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Anti-Epileptic Drugs Overview
Antiepileptic Drugs (AEDs) are also called as anti-seizure drugs because they provide symptomatic treatment only and have not been demonstrated to alter the course of epilepsy. AEDs have been found to decrease the frequency or the severity of seizures in people with epilepsy. The ideal AED is expected to maximize quality of life by minimizing seizures and adverse drug effects. According to WHO, there are approximately 50 Million people worldwide suffering from epilepsy, accounting for 0.6% of the global burden of disease. Seizures are defined as the clinical manifestation of an abnormal, disorderly discharge of the brain's nerve cells, resulting in a temporary disturbance of motor, sensory, or mental function and a tendency to have recurrent seizures is called epilepsy.
Market Size and Forecast
Global antiepileptic drugs (AEDs) market is expected to flourish at a CAGR of 3.5% over the forecast period i.e. 2017-2027. Further, the market of AEDs is expected to reach USD 5.3 Billion by the end of 2027.
Geographically Asia Pacific market is expected to grow at the highest CAGR due to rising awareness regarding preventive treatment for epilepsy in emerging economies such as China and India. Further among all Asia’s countries China has largest market share in the regional platform and is expected to continue its dominance over the forecast period. Increasing disease prevalence in these regions is expected to result in an increased demand for AEDs.
Also, Europe market is expected to increase on a moderate pace due to austerity measures to cut down on public expenditures to tackle financial crisis. Such is the case of Spain where government measures to reduce the healthcare expenditures have resulted in long waiting lists and have forced patients to ration their medication to save costs. However countries such as Germany and Italy are expected to show a very positive growth over the forecast period.CLICK TO DOWNLOAD FREE SAMPLE
Further, North America AEDs market is expected to grow at a substantial rate over the forecast period. Further, factors such as increased healthcare expenditure to mitigate the rising disease prevalence are expected to be the dynamic factor for the growth of AEDs market in this region.
Market Segmentation
Our in-depth analysis has segmented global expandable polystyrene market into the following segments:
By Drug Type
By Range of Activity
By Mechanism of Action
By Region
Global anti-epileptic drugs market is further classified on the basis of region as follows:
Growth Drivers & Challenges
It has been observed that over the years there has been an increasing incidence of generalized and partial epileptic seizures globally. This is contributing to the global disease burden due to which there have been an increasing number of pharmaceutical companies investing their resources towards developing more effective anti-epileptic drugs to improve the quality of live, minimize the incidence and to reduce the adverse effects. Also, the increasing healthcare expenditures by government bodies, growing awareness among people towards advanced treatments along with the increasing popularity of personalized medicine is expected to positively move the market for anti-epileptic drugs globally.
However, the increasing cost associated constraints along with limited accessibility in low and middle income countries resulting in a treatment gap is expected to hamper the market growth.
Key Players
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The anti-epileptic drugs market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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