Market Scenario:
Epilepsy is a neurological disorder affecting the central
nervous system. In this medical condition, the brain exhibits abnormal
activity, which results in periods of unusual behavior or seizures and
sometimes, loss of awareness. Temporary confusion, anxiety, uncontrollable
jerking movements of the arms and legs, and others are some of the common
symptoms of the disease. Increasing prevalence of epilepsy is a major driver
for the market. According to a report by the World Health Organization (2018),
about 50 million people across the world are estimated to suffer from epilepsy,
making it one of the most common neurological diseases. In addition, the report
states that the total number of people aged 65 or more is projected to increase
from 524 million in 2010 to approximately 1.5 billion by 2050. Increasing
number of reported head trauma cases, growing geriatric population, and rising
healthcare expenditures are estimated to boost the market growth. However,
factors such as high cost of therapeutic surgeries, low per capita healthcare
expenditure, and lack of awareness for the disease in emerging economies are
estimated to restrain the market growth, during the forecast period.
The global epilepsy diagnosis and treatment market is
expected to grow at an approximate CAGR of 6.3% during the forecast period.
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Segmentation
The global epilepsy diagnosis and treatment market is
segmented on the basis of type, diagnosis, treatment, and end-user. On the
basis of type, the market is segmented into idiopathic, cryptogenic,
symptomatic, and others. On the basis of diagnosis, the market is segmented
into neurological exam, blood test, imaging, and others. The imaging segment is
sub-segmented into electroencephalogram, computerized tomography, magnetic
resonance imaging, positron emission tomography, and others. On the basis of
treatment, the market is segmented into medication, surgery, brain stimulation,
and others. The medication segment is sub-segmented into acetazolamide,
carbamazepine, clobazam, and others. The surgery segment is sub-segmented into
hemispherectomy, corpus callosotomy, resection surgery, and others. The
resection surgery segment is further segmented into temporal lobectomy,
lesionectomy, and others. The brain stimulation segment is sub-segmented into deep
brain stimulation, responsive neurostimulation, and others. On the basis of
end-user, the market is segmented into hospitals & clinics, diagnostic
centers, and others.
Intended
Audience
·
Pharmaceutical Companies
·
Biotechnological Institutes
·
Research and Development (R&D) Companies
·
Medical Research Laboratories
·
Market Research and Consulting Service Providers
Regional
Analysis
The Americas dominate the global epilepsy diagnosis and
treatment market owing to a well-developed healthcare sector, a huge patient
population, and increasing number of head trauma cases. According to the
Centres for Disease Control and Prevention in 2017, Traumatic Brain Injury
(TBI) was a major cause for disability and deaths within the U.S. and was
responsible for approximately 30% of all deaths from injuries.
Europe is the second largest market for epilepsy diagnosis
and treatment, which is followed by Asia Pacific. Availability of funds for
research, along with the presence of a well-developed healthcare sector and
government support, is expected to drive the market growth within the Europe
region.
The Middle East & Africa has the least share in the
global epilepsy diagnosis and treatment market due to low per capita healthcare
expenditures, lack of awareness for the disease, and stringent government
policies, especially in the African region. Majority of the market share within
this region is held by the Middle East. This can be attributed to the presence
of a well-developed healthcare sector and huge healthcare expenditure due to
the presence of the developed economies within the regional boundaries.
Key players in global epilepsy diagnosis and treatment market
The key players for the global epilepsy diagnosis and
treatment market are Pfizer, Inc. (U.S.), Johnson & Johnson Services, Inc.
(U.S.), UCB Pharma Ltd. (U.K), Abbott (U.S.), GlaxoSmithKline plc (U.K),
Novartis International AG (Switzerland), Sanofi S.A. (France), Shire (Republic
of Ireland), Medtronic (U.S.), NeuroWave Systems Inc. (U.S.), Natus Medical
Incorporated. (U.S.), Siemens Ltd. (Germany), and others.
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Table of
Content:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
TOC
Continued…!
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