The Epilepsy Therapeutics Market Report 2024-2034: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Medical Advances Driving Epilepsy Treatment Market Growth
In the ever-evolving field of medical progress, initiatives and innovations in epilepsy treatment are playing a pivotal role in reshaping patient care paradigms. Globally, government-backed endeavors and cutting-edge developments in drugs and treatments are fostering an environment of unprecedented growth in the epilepsy treatment market. A notable initiative occurred when NYU Langone Health secured an $8 million grant from the National Institutes of Health (NIH) in February 2022. The funds are earmarked to develop an innovative implantable monitoring device designed to capture unprecedented data on brain activity during seizures. Led by Dr. Daniel Friedman at NYU Langone’s Comprehensive Epilepsy Center, the project addresses the limitations of outdated technology, presenting an opportunity to build an ultrathin device with thousands of measurement contacts. This NIH UG3/UH3-funded initiative involves collaboration with institutions such as New York University’s Center for Neural Science, Duke University, the University of Utah, and Blackrock Neurotech.
Designed by Dr. Jonathan Viventi from Duke University, the implant utilizes flexible liquid crystal polymer thermoplastic material and a network of circuits connecting hundreds to thousands of electrodes for high-density sampling of microsignals from extensive brain areas. Successfully tested intraoperatively, the device is poised for clinical use with the capacity for implantation for up to 30 days. As part of the NIH’s Brain Research through Advancing Innovative Neurotechnologies (BRAIN) Initiative, this collaborative effort places NYU Langone Health at the forefront of transformative advancements in epilepsy care. Clinical trials employing an FDA-approved monitoring implant are expected to commence in 2023, contributing to the growth of the epilepsy treatment market by fostering groundbreaking advancements in laser ablation, high-precision surgeries, and overall improvements in epilepsy treatment outcomes.
Socioeconomic Disparities and Technological Challenges
A global concern is the accessibility of anti-seizure medication, with many individuals facing difficulties in affording or obtaining multiple medication options, as emphasized in the August 2022 report, ‘Survey on the worldwide availability and affordability of anti-seizure medications: Report of the ILAE Task Force on Access to Treatment.’ Beyond medication-related challenges, demographic factors contribute significantly to differences in the quality of life and care experiences of individuals. Studies conducted in the United States and North America reveal disparities in seizure control rates and epilepsy remission along racial and ethnic lines. Additionally, there are delays in diagnosis and reduced utilization of epilepsy surgery in specific minority populations.
Furthermore, as highlighted in an article published in December 2022 by NIH, the impact of socioeconomic and racial divides extends to rates of sudden unexpected death in epilepsy (SUDEP). Individuals facing high socioeconomic disadvantage exhibit higher rates of SUDEP, persisting even during periods of decreasing overall SUDEP rates. The identified barriers to care, including medication affordability and access to primary and specialist care, demand comprehensive solutions that extend beyond the healthcare sector. Addressing these issues necessitates not only healthcare interventions but also broader political, economic, and systemic changes. While promising strategies like telehealth services are emerging, sustainable solutions will require coordinated efforts involving individuals, communities, healthcare institutions, and governmental and non-governmental organizations. This underscores the complex and multifaceted nature of the challenges in epilepsy care.
What Questions Should You Ask before Buying a Market Research Report?
- How is the epilepsy therapeutics market evolving?
- What is driving and restraining the epilepsy therapeutics market?
- How will each epilepsy therapeutics submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
- How will the market shares for each epilepsy therapeutics submarket develop from 2024 to 2034?
- What will be the main driver for the overall market from 2024 to 2034?
- Will leading epilepsy therapeutics markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
- Who are the leading players and what are their prospects over the forecast period?
- What are the epilepsy therapeutics projects for these leading companies?
- How will the industry evolve during the period between 2024 and 2034? What are the implications of epilepsy therapeutics projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further the epilepsy therapeutics?
- Where is the epilepsy therapeutics market heading and how can you ensure you are at the forefront of the market?
- What are the best investment options for new product and service lines?
- What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the Epilepsy Therapeutics Market today, and over the next 10 years:
- Our 215-page report provides 91 tables, 119 charts /graphs exclusively to you.
- The report highlights key lucrative areas in the industry so you can target them – NOW.
- It contains in-depth analysis of global, regional and national sales and growth.
- It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the Epilepsy Therapeutics Market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Forecasts to 2034 and other analyses reveal commercial prospects
- In addition to revenue forecasting to 2034, our new study provides you with recent results, growth rates, and market shares.
- You will find original analyses, with business outlooks and developments.
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising epilepsy therapeutics prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, “V”, “L”, “W” and “U” are discussed in this report
Segments Covered in the Report
Drug Class
- First Generation Drugs
- Second Generation Drugs
- Third Generation Drugs
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy