The global acute repetitive seizures market size is anticipated to reach USD 4.0 billion by 2026, registering at a CAGR growth of 48.6% over the forecast period. The market is driven by increase in the numeral of initiatives to surge the consciousness about epilepsy. Also, increase in the numeral of initiatives to surge the consciousness about epilepsy is the main parameter boosting the acute repetitive seizures market.
High unmet clinical demand for patients, as well as caregivers, and accessibility of progressive product pipeline are some of the main factors anticipated to push industry development. Drug therapy is operative for many of the patients suffering from cluster seizures. Though, there are an important numeral of treatment challenges and unmet medical demand such as drug induced seizures, adverse reactions, and lack of ant epileptogenic agents that can prevent growth of seizures and its comorbidities.
While trying to check medicinal services consumption, governments over the globe are trying constant endeavours to lessen doctor's facility stays and on location tolerant treatment costs through outpatient care models, for example, clinic and home healthcare. Developing economies like India and China are progressively executing these human services changes. This factor is relied upon to impel the development of acute repetitive seizures market.
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In 2018, North America was the most important regional market, due to growing need for self-testing devices paired with well-established healthcare infrastructure. Market players are involved in R&D activities to cost efficient, develop accurate, and sensitive paper based microfluidics. Emphasis on mergers and acquisitions, constant system upgradation through R&D investments and fund rising are some of the key strategies accepted by market participants.
U.S. held a capture market share of 17.3% in 2018 in the global market. As per the data published by CDC, about 4.3 million adults and approximately 750,000 children in U.S. had epilepsy in 2014. Similarly, the whole direct and indirect cost of epilepsy in this region is projected to be about USD 15.5 billion yearly. Therefore, occurrence of a large target populace base for epilepsy drug in this region will drive the acute repetitive seizures market development.
Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. The major players associated with the Acute repetitive seizures market are Alexza Pharmaceuticals, Inc, .Neurelis, Inc., and UCB S.A.
Neurelis, Inc. and UCB S.A. are expected to captures the major share of the global acute repetitive seizures market owing to the commercialization of VALTOCO and USL-261. As both the drugs (USL-261 and VALTOCO) are granted orphan drug designation, the values and price will be usually high. Also, according the studies, the preferred route of administration is nasal, which in turn will result into advanced acceptance of these two drugs.
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