As stated in our
extensive report, providing insights on Product; the Global Market accounted
is a neurological emergency for which treatment must be prompt. The primary goal of this treatment is ceasing the seizure and forestalling of reoccurrence. The first line of action for acute seizures treatment is the use of some endovenous agents such as phenobarbital, diazepam, phenytoin, and lorazepam.
The increasing clinical trials have led to launch the of new treatments which increase the demand for nasal sprays for the treatment of epilepsy. Therefore, this is one of the key reasons that influencing the growth of Market in upcoming years. In addition, the emergence of a large number of administrative licenses & quality drugs in the market is anticipated to boost the growth of the Market over the projected time period.
To regulate healthcare expenditure, management across the world is considering constant measures to minimize hospital stays and on-site patient therapy expenses through outpatient care prototypes, like clinic and home healthcare facilities. These factors are also considered to propel the growth of the Market. The classification of seizures, epilepsies, and epilepsy syndromes creates a framework for clinicians, researchers, and patients & their families. This classification has evolved over the years, and in 2017 the International League Against Epilepsy (ILAE) published an operational classification of seizures and epilepsies. Because of this reason, classification is considered to be a very important factor in diagnosis, treatment, and understanding of seizures & epilepsies, including epilepsy incidence, thus, helps in augmenting the growth of Market in coming years.
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. In addition, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the Market. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed.
North America is expected to witness the largest share of Market during the forecast period, owing to the increasing demand for acute repetitive seizures in countries, such as China, Japan, and India. Factor such as technological improvements in medical, clinical, and scientific sectors due to the huge demand for antiepileptic drugs is expected to influence the maximum growth of Market in this region. In addition, the various governments is taking initiatives to enhance the quality of life and understand the diseases which are associated with the promotion of a better healthcare system is another reason for flourishing the growth of Market in this region.
Some of the prominent players operating in the Global MarketareAlexza Pharmaceuticals, Bausch Health, Neurelis, Pfizer Inc., Sanofi, UCB S.A.,Valeant Pharmaceuticals North America LLC., Veriton Pharma.