Acute Repetitive Seizures Market Size, Share, Growth, Trends and Industry Analysis Report
The
global acute repetitive seizures market size is expected
to reach USD 3.19 billion by 2025, according to a new report by Grand View
Research, Inc. The report also states that the market will expand at a strong
CAGR of 47.8% during the forecast period. Rise in the number of initiatives to
increase the awareness about epilepsy is the major factor driving the market.
The market
is currently led by generic drugs which mainly include oral benzodiazepines
(diazepam and lorazepam). Rectal diazepam is the only approved drug for use in
U.S. and buccal midazolam in European Union. Other drugs, such as diazepam
(oral and intramuscular), midazolam (buccal, intranasal, intramuscular),
lorazepam (oral, intranasal, sublingual), and progesterone are majorly used off
label. The market is expected to be consolidated with few major companies and
high market share.
Furthermore,
in an attempt to curb healthcare expenditure, governments are making continuous
efforts to reduce hospital stays and on-site treatment costs via outpatient
care models, such as clinic and home
healthcare. Emerging economies like India and China, are increasingly
implementing such healthcare reform, which is expected to propel the growth of
acute repetitive seizures market.
There are
several routes of drug administration; out of which, nasal route is the most
preferred over others, such as buccal, rectal, and parenteral. The buccal route
is preferred by caregivers and parents for children suffering from pediatric
seizures since medication can be administered even outside the hospital.
Further key
findings from the study suggest:
- Global acute
repetitive seizures market size was estimated at USD 140.5 million in 2017
and is expected to register a CAGR of 47.8% over the forecast period
- Diastat rectal
gel was the dominant product segment in 2017 due to efficacy of the route
of administration and affordability of the product
- USL-261 is
expected to witness a lucrative CAGR over the forecast period. USL-21 has
an edge over the other drugs owing to its superior clinical profile and
positive phase III results
- North America
held the largest share in 2017 due to factors, such as growing initiatives
for raising awareness about epilepsy and seizures
- Germany is
anticipated to witness lucrative growth over the next decade owing to
technological advancements in scientific, clinical, and medical fields
- Some of the key
companies in the market are UCB S.A.; Neurelis, Inc.; and Alexza
Pharmaceuticals, Inc. These companies are likely to dominate the market
and gain maximum share over the forecast period
Access full
research report on global acute repetitive seizures market:
www.grandviewresearch.com/industry-analysis/acute-repetitive-seizures-market
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