Epilepsy Market By Type (Idiopathic, Symptomatic, Cryptogenic), Treatment (Antiepileptic Drugs, Surgery, Vagus Nerve Stimulation, Ketogenic Diet), Application (Generalized Seizures, Focal Seizures, Absence Seizures, Tonic-Clonic Seizures), End-Users (Hospitals, Clinics, Ambulatory Surgical Centers, Homecare Settings), & Region for 2024-2031
Report ID: 33353|No. of Pages: 202
Epilepsy Market By Type (Idiopathic, Symptomatic, Cryptogenic), Treatment (Antiepileptic Drugs, Surgery, Vagus Nerve Stimulation, Ketogenic Diet), Application (Generalized Seizures, Focal Seizures, Absence Seizures, Tonic-Clonic Seizures), End-Users (Hospitals, Clinics, Ambulatory Surgical Centers, Homecare Settings), & Region for 2024-2031
Epilepsy Market Valuation – 2024-2031
The increasing prevalence of epilepsy, estimated by the World Health Organization to impact around 50 million people globally, fuels demand for improved therapies and management measures. Furthermore, supportive government measures targeted at enhancing mental health care and lowering the stigma associated with epilepsy are creating a more conducive atmosphere for treatment access and innovation. These variables, when combined, are driving significant growth in the epilepsy market.is surpassing USD 2.82 Billion in 2024 and reaching USD 4.77 Billion by 2031.
Furthermore, technological improvements, such as the introduction of novel diagnostic tools and treatment choices, improve patient outcomes and encourage early intervention is expected to grow at a CAGR of about 7.52% from 2024 to 2031.
Epilepsy Market: Definition/ Overview
Epilepsy is a chronic neurological illness defined by recurring seizures caused by aberrant electrical activity in the brain. It affects millions of people globally, causing varying degrees of disability and demanding elaborate management plans. Epilepsy treatment options include antiepileptic medications (AEDs), surgical procedures, and new therapies such as neurostimulation and tailored therapy. The future of epilepsy care seems hopeful, with continued advances in drug research, technology-driven solutions for seizure monitoring, and improved awareness leading to earlier diagnosis and treatment.
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Will Rising Prevalence of Epilepsy Disease Drive the Epilepsy Market?
The worldwide epilepsy market is rapidly expanding as the prevalence of epilepsy rises across all age groups. According to the World Health Organization’s March 2024 report, over 65 million individuals worldwide suffer from epilepsy, with a troubling 24% increase in new cases documented between 2022 and 2023. In February 2024, International League against Epilepsy (ILAE) show that the incidence rate has climbed to 61.4 cases per 100,000 person-years in developed countries, with a 32% increase in pediatric cases. According to a January 2024 industry estimate, the global epilepsy therapeutics market would be worth USD 18.3 Billion in 2023, with a CAGR of 9.8% expected through 2028, owing mostly to improved diagnosis rates and novel treatment options.
In February 2024, Pfizer’s gene therapy treatment for drug-resistant epilepsy was granted fast-track designation by the FDA, while GlaxoSmithKline’s sophisticated neuromodulation device received regulatory approval in March 2024. In January 2024, the US government dedicated USD 2.8 Billion for epilepsy research and treatment development through the National Institutes of Health, while the European Commission started a €500 million project in April 2024 to increase epilepsy care access across member states.
Will High Cost of Antiepileptic Drugs Hinder the Growth of the Epilepsy Market?
The high cost of antiepileptic medications (AEDs) is expected to stymie the expansion of the epilepsy market, particularly in low- and middle-income nations. Many patients confront financial difficulties to receiving these critical medications, which can lead to noncompliance and ineffective therapy. According to an Epilepsy Foundation research published in January 2024, nearly half of people with epilepsy in the United States have difficulty purchasing their drugs, underlining a key hurdle in attaining optimal treatment outcomes. This financial burden not only has an influence on patient health, but it also leads to higher healthcare expenses associated with untreated epilepsy, such as emergency room visits and hospitalizations.
Furthermore, the cost of novel AEDs and advanced therapies might compound the situation, as these treatments are typically prohibitively expensive and may not be reimbursed by insurance. In March 2024, according to a report published in Health Affairs, the average annual cost of AEDs has risen by 30% in the last five years, raising concerns about treatment access and equity. As a result, the continuous financial burden on patients and healthcare systems may hinder market expansion, impeding the development and implementation of novel and effective epilepsy treatments. Addressing these cost barriers will be critical to enhancing access to care and driving growth in the epilepsy sector.
Category-Wise Acumens
Will Rising Demand for Idiopathic Drive the Epilepsy Market?
The increasing demand for idiopathic epilepsy treatments is expected to have a substantial impact on the epilepsy industry and its dominance. Pharmaceutical companies are increasing their R&D efforts as more patients seek effective treatments for this common type of epilepsy. For instance, in October 2023, UCB announced positive clinical trial findings for a novel medicine targeting idiopathic generalized epilepsy, demonstrating the industry’s commitment to meeting this unmet need.
In September 2023, the U.S. FDA approved a new treatment specifically for idiopathic epilepsy, underscoring regulatory encouragement for innovation in this field. Moreover, in July 2023, the European Medicines Agency unveiled a strategic plan to boost research in neurological disorders, including epilepsy, indicating a growing focus on improving patient outcomes through better access to care and funding for research initiatives.
However, the symptomatic group is growing the quickest, owing to advances in diagnostic procedures and more knowledge of underlying illnesses that can cause seizures. The increased identification of symptomatic epilepsy, which is associated with structural or metabolic disorders, is encouraging more patients to seek treatment, expanding this segment’s market position.
Will High Incidence of Generalized Seizures Fuel the Epilepsy Market?
The increasing prevalence of generalized seizures is likely to fuel expansion in the epilepsy market, emphasizing the need for improved treatments. Pharmaceutical companies are focusing more on creating tailored medicines as a large percentage of people suffer from generalized seizures. In October 2023 Eisai stated that a clinical trial for a novel medicine specifically intended for generalized tonic-clonic seizures had been successful, showing the industry’s response to the growing demand for effective therapies.
In September 2023, the FDA authorized a novel version of an existing medicine for treating generalized seizures, demonstrating regulatory support for epilepsy care innovation. Furthermore, in July 2023, the World Health Organization highlighted the importance of addressing seizure disorders in its health initiatives, emphasizing the need for improved global access to epilepsy treatments, thereby increasing the focus on generalized seizure management in public health strategies.
Meanwhile, the focal seizures segment is expanding the fastest, driven by increased awareness and diagnosis of this type of epilepsy. With developments in treatment modalities and personalized approaches to care, more individuals with focal seizures are being diagnosed and managed, boosting growth in this market as healthcare practitioners focus more on tailored therapy for specific seizure types.
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Country/Region-wise
Will Rising Investments in Research and Developments in North America Drive the Epilepsy Market?
Rising investment in research and development (R&D) in North America is expected to considerably impact the epilepsy market. According to a report from the National Institutes of Health (NIH), funding for neurological research, including epilepsy, will exceed USD 2 Billion by 2023, demonstrating the government’s commitment to improving treatment choices. Companies such as UCB and Jazz Pharmaceuticals have also announced significant increases in their R&D budgets, with UCB intending to invest USD 1.5 Billion in innovative therapeutics over the next five years, with the goal of developing new antiepileptic drugs that address unmet patient requirements.
Furthermore, technological improvements and collaboration between pharmaceutical corporations and academic institutions have accelerated the rate of invention. In March 2024, the FDA authorized a new seizure monitoring gadget manufactured by Medtronic, demonstrating the expanding convergence of technology and epilepsy therapy. These investments not only help to create novel medicines, but also improve diagnostic tools and patient management procedures, all of which contribute to the dominance and efficacy of the North American epilepsy market.
Will Growing Awareness of Epilepsy Disorder in Asia Pacific Propel the Epilepsy Market?
The increasing awareness of epilepsy problems in Asia Pacific is predicted to greatly boost the epilepsy industry. Recent attempts by health organizations and governments to educate the public about epilepsy have resulted in a greater awareness of the condition and its implications. For instance, in February 2024, World Health Organization (WHO) report published found that approximately 75% of people with epilepsy in low- and middle-income nations go untreated, underscoring the critical need for awareness and care. This increased awareness encourages more people to seek diagnosis and treatment, which drives demand for antiepileptic medications and therapies.
Furthermore, regional governments are actively promoting programs to improve epilepsy treatment. In January 2024, the Indian government announced a national effort to improve mental health services, including specialized epilepsy care, with the goal of closing the country’s treatment gap. Companies such as Sun Pharmaceutical have responded by focusing more on creating affordable epilepsy treatments for the Asian market. As awareness grows, both governmental and private funding are likely to flow into research, education, and the development of more effective therapies, boosting the region’s growth in the epilepsy industry even further.
Competitive Landscape
The competitive landscape of the epilepsy market is characterized by a diverse array of companies ranging from large pharmaceutical firms to specialized biotech startups. This sector is marked by continuous innovation, with a focus on developing new antiepileptic drugs (AEDs), including novel mechanisms of action and formulations aimed at improving patient adherence and minimizing side effects. Additionally, the rise of digital therapeutics and wearable technology for seizure monitoring is reshaping the market dynamics, fostering partnerships between tech companies and healthcare providers. Regulatory approvals and clinical trial outcomes play critical roles in shaping competition, as companies strive to differentiate their products in a crowded marketplace while addressing unmet needs in epilepsy treatment.
Some of the prominent players operating in the epilepsy market include:
- UCB S.A.
- Abbott Laboratories
- GlaxoSmithKline plc
- Bausch Health Companies, Inc.
- Sumitomo Pharma Co. Ltd
- Lundbeck A/S
- Sanofi
- Viatris, Inc.
- Novartis AG
Latest Developments
- In July 2023, Neurelis introduced a new device for dispensing its nasal spray treatment for acute seizures, enhancing patient accessibility in emergency scenarios. This idea aims to improve immediate care for seizure occurrences.
- In July 2023, The FDA approved a new medication for focal seizures, expanding the available medicines in the epilepsy market. This approval demonstrates regulatory support for innovation as well as the need of appropriate management options for varied seizure types.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~7.52% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players | UCB S.A., Abbott Laboratories, GlaxoSmithKline plc, Bausch Health Companies, Inc., Sumitomo Pharma Co. Ltd, Lundbeck A/S, Sanofi, Viatris, Inc., Novartis AG |
| Customization | Report customization along with purchase available upon request |
Epilepsy Market, By Category
Type:
- Idiopathic
- Symptomatic
- Cryptogenic
Treatment:
- Antiepileptic Drugs
- Surgery
- Vagus Nerve Stimulation
- Ketogenic Diet
Application:
- Generalized Seizures
- Focal Seizures
- Absence Seizures
- Tonic-Clonic Seizures
End-Users:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Homecare Settings
Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Research Methodology of Verified Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL EPILEPSY MARKET
1.1 Introduction of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL EPILEPSY MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL EPILEPSY MARKET, BY TYPE
5.1 Overview
5.2 Idiopathic
5.3 Symptomatic
5.4 Cryptogenic
6 GLOBAL EPILEPSY MARKET, BY TREATMENT
6.1 Overview
6.2 Antiepileptic Drugs
6.3 Surgery
6.4 Vagus Nerve Stimulation
6.5 Ketogenic Diet
7 GLOBAL EPILEPSY MARKET, BY APPLICATION
7.1 Overview
7.2 Generalized Seizures
7.3 Focal Seizures
7.4 Absence Seizures
7.5 Tonic-Clonic Seizures
8 GLOBAL EPILEPSY MARKET, BY END-USERS
8.1 Overview
8.2 Hospitals
8.3 Clinics
8.4 Ambulatory Surgical Centers
8.5 Homecare Settings
9 GLOBAL EPILEPSY MARKET, BY GEOGRAPHY
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 Latin America
9.5.2 Middle East and Africa
10 GLOBAL EPILEPSY MARKET COMPETITIVE LANDSCAPE
10.1 Overview
10.2 Company Market Ranking
10.3 Key Development Strategies
11 COMPANY PROFILES
11.1 UCB S.A.
11.1.1 Overview
11.1.2 Financial Performance
11.1.3 Product Outlook
11.1.4 Key Developments
11.2 Abbott Laboratories
11.2.1 Overview
11.2.2 Financial Performance
11.2.3 Product Outlook
11.2.4 Key Developments
11.3 GlaxoSmithKline plc
11.3.1 Overview
11.3.2 Financial Performance
11.3.3 Product Outlook
11.3.4 Key Developments
11.4 Bausch Health Companies Inc.
11.4.1 Overview
11.4.2 Financial Performance
11.4.3 Product Outlook
11.4.4 Key Developments
11.5 Sumitomo Pharma Co. Ltd
11.5.1 Overview
11.5.2 Financial Performance
11.5.3 Product Outlook
11.5.4 Key Developments
11.6 H. Lundbeck A/S
11.6.1 Overview
11.6.2 Financial Performance
11.6.3 Product Outlook
11.6.4 Key Developments
11.7 Sanofi
11.7.1 Overview
11.7.2 Financial Performance
11.7.3 Product Outlook
11.7.4 Key Developments
11.8 Viatris Inc.
11.8.1 Overview
11.8.2 Financial Performance
11.8.3 Product Outlook
11.8.4 Key Developments
11.9 Novartis AG
11.9.1 Overview
11.9.2 Financial Performance
11.9.3 Product Outlook
11.9.4 Key Developments
11.10 Johnson & Johnson
11.10.1 Overview
11.10.2 Financial Performance
11.10.3 Product Outlook
11.10.4 Key Developments
12 Appendix
12.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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