The global acute repetitive seizures market expected to see steady growth in the coming years, as reported by Acumen Research and Consulting.
LOS ANGELES, Jan. 21, 2019 (GLOBE NEWSWIRE) -- 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. Increase in the numeral of initiatives to surge the consciousness about epilepsy is the main parameter boosting the acute repetitive seizures market.
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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.
The acute repetitive seizures market is presently led by generic drugs which mainly comprise oral benzodiazepines (diazepam and lorazepam). Rectal diazepam is the single approved drug for usage in U.S. and buccal midazolam in European Union. Other medicines, for instance, midazolam (intramuscular, buccal, intranasal,), diazepam (intramuscular and oral), progesterone and lorazepam (intranasal, oral, sublingual) and are mainly used off label. The industry is anticipated to be combined with some major businesses and high market chunk in terms of revenue.
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Additionally, in an effort to curb healthcare expenditure, governments are construction constant labours to decrease hospital stays and on-site treatment costs via casualty care models, for instance, clinic and home healthcare. Developing nations such as China and India, are progressively applying such healthcare reform, which is anticipated to push the growth of acute repetitive seizures market.
There are numerous routes of drug administration; out of which, nasal route is the most chosen over others, for instance, rectal, buccal, and parenteral. The buccal route is favoured by caregivers and parents for children suffering from paediatric seizures since pill can be administered even outside the hospital.
The global acute repetitive seizures market is segmented into product, and region. On the basis of product the global acute repetitive seizures market is segmented into USL-261, Neurelis-1, AZ-002, Diastat Rectal Gel, and Others. On the basis of region the global Acute Repetitive Seizures market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.
Diastat rectal gel was the foremost product sub-segment in 2018 owing to effectiveness of the route of administration and affordability of the product. USL-261 is anticipated to observer a profitable CAGR over the forecast timeframe. USL-21 has an edge over the other medicines due to its superior clinical profile and positive phase III results.
North America captures the largest share in 2018 owing to parameters, for instance, rising initiatives for rising consciousness around epilepsy and seizures. Germany is expected to observer profitable development over the next decade due to technical progressions in clinical, scientific, and medical fields.
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North America Acute Repetitive Seizures market is expected to lead the global market throughout the forecast period attributable to existence of prominent number of market players and high incidence of infectious and chronic diseases. The Asia Pacific acute repetitive seizures market is expected to increase at the considerable CAGR during the forecast period. Dense population along with increasing incidences of chronic diseases such as diabetes and cancer are the major factors boosting to the growth of the regional market.
The key players catering to the global acute repetitive seizures market are Alexza Pharmaceuticals, Inc., Neurelis, Inc., and UCB S.A. The global players are continuously investing in R&D and innovating new product portfolio to attract more and more business opportunity from the emerging nation such as India and China. Also, Increasing R&D investments coupled with technological advancements to commercialise highly efficient products are anticipated to offer lucrative opportunities for industry participants. 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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