Acute Repetitive Seizures Market Trends to be Driven by Increasing Prevalence of Epilepsy
Market Overview:
Acute repetitive seizures are defined as two or more unprovoked seizures occurring within 24 hours without complete recovery of consciousness between seizures. This condition often occurs in patients with epilepsy and is considered a medical emergency that requires immediate treatment to prevent further seizures. Drugs used for the treatment of acute repetitive seizures act by controlling seizure activity through inhibition of neuronal impulses or enhancement of inhibitory neurotransmitters like GABA in the brain. The acute repetitive seizures market is currently dominated by anti-seizure drugs that can be administered intravenously or nasally.
The preference for non-oral modes of administration stems from the impaired consciousness of patients experiencing acute repetitive seizures. Development of novel intranasal and intramuscular therapies with rapid onset of action are expected to drive the growth of this market over the forecast period. The Global Acute Repetitive Seizures Market is estimated to be valued at US$ 3.10 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the acute repetitive seizures market are Neurelis, Inc., Bausch Health Companies Inc., Alexza Pharmaceuticals, Inc., VERITON PHARMA, UCB S.A., Takeda Pharmaceutical Company Limited, Pfizer Inc., Sanofi, GSK plc, Eisai Co., Ltd., H. Lundbeck A/S, Cognizance Biomarkers, LLC. Major players are focused on developing therapies with alternative modes of administration instead of oral formulations to provide rapid onset of action in acute conditions.
Acute Repetitive Seizures Market share is expected to grow as the prevalence of epilepsy worldwide increases, driving the demand for effective treatments. According to the World Health Organization, around 50 million people suffer from epilepsy globally. Increased awareness about available treatment options and improvements in diagnosis rates are contributing to the increased prevalence of epilepsy.
Geographical expansion through collaborations and partnerships is a key focus area for major players in the acute repetitive seizures market. Companies are focused on expanding access to novel therapies in developing markets through tie-ups with regional pharmaceutical distributors and market authorization activities. This is important to address the substantial treatment needs of epileptic patients globally.
Market Key Trends
A key trend gaining traction in the acute repetitive seizures market is the development of intranasal drug delivery formulations. Drugs administered through the intranasal route bypass gastrointestinal absorption and hepatic first-pass metabolism, allowing for rapid achievement of therapeutic drug levels. Neurelis, Inc. has an intranasal gel formulation of diazepam in late-stage development for acute repetitive seizures which, if approved, could capture a sizable market share based on its advantages over other administration routes. Overall, there is high investment in novel drug delivery technologies that enable non-invasive self-administration of acute seizure therapies by patients or caregivers.
Porter’s Analysis
Threat of new entrants: New pharmaceutical companies need significant investment and approval from the regulatory authorities to enter the market. Bargaining power of buyers: Individual consumers have less influence on prices due to rare and life-threatening conditions treated. Bargaining power of suppliers: Suppliers of raw materials and manufacturing equipment have some influence over prices due to specialized nature and patent protection. Threat of new substitutes: Emerging therapies and devices for seizure control pose a potential threat. Competitive rivalry: Companies compete on safety, efficacy and innovation.
Acute Repetitive Seizures Market Challenges and Opportunities highlight key factors influencing market growth across regions. The acute repetitive seizures market in North America currently holds the largest share, primarily due to high awareness about therapeutic options and supportive healthcare infrastructure. The Asia Pacific region is expected to witness the fastest growth over the forecast period due to a large patient pool and rising healthcare expenditure.
Geographical Regions
Currently, North America accounts for the largest share of the global acute repetitive seizures market due to strong presence of key market players and availability of advanced treatment options. According to research, the United States contributes more than 80% of the North American market.
The Asia Pacific region is poised to witness the highest CAGR during the forecast period. Rapidly developing economies in India and China, increasing per capita healthcare expenditure, growing geriatric population, and expanding medical tourism industry are expected to boost market growth in Asia Pacific. Furthermore, rising awareness about therapeutic interventions and presence of generic drug manufacturers are supporting the market expansion.
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