Increasing Product Approvals Fuels Middle East & Africa Epilepsy Drugs Market
In recent years, there has been a notable increase in the approval of drugs to treat epilepsy, marking a significant step forward in addressing the challenges posed by severe seizures. Growing awareness of the need for effective therapeutic options and the dedicated efforts of researchers and pharmaceutical companies to develop innovative treatments are leading to the development and approval of these drugs.Drug approvals and the diversity of new molecular entities (NMEs) upon which new drugs are based have been consistently growing over time. A notable growth in the number of drug approvals annually was also observed in the recent past. Thus, the acceptance of new drugs is rising and resulting in increasing approvals for the products.
Thus, the increasing number of regulatory approvals is becoming a trend in the epilepsy drug market worldwide.
Middle East & Africa Epilepsy Drugs Market Overview
The Middle East & Africa epilepsy drugs market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Epilepsy has several possible causes. The cause of epilepsy can only be identified in 32% of cases, while in the remaining cases, the cause of epilepsy is unidentifiable, i.e., idiomatic epilepsy. Common causes of epilepsy among South Africans include infectious disease, head trauma and alcohol abuse. South Africans have a relatively high mortality rate and high prevalence of epilepsy. According to the latest WHO data published in 2020, deaths due to epilepsy in South Africa reached 1,870, i.e., 0.41% of total deaths. Therefore, the increasing prevalence of epilepsy will upsurge the Middle East & Africa epilepsy drugs market.Middle East & Africa Epilepsy Drugs Market Segmentation
The Middle East & Africa epilepsy drugs market is segmented into treatment, distribution channel, and country.Based on treatment, the Middle East & Africa epilepsy drugs market is classified into first generation anti-epileptics, second generation anti-epileptics, and third generation anti-epileptics. The third-generation anti-epileptics segment held the largest share in 2022.
In terms of distribution channel, the Middle East & Africa epilepsy drugs market is categorized into hospital pharmacy, retail pharmacy stores, and others. The hospital pharmacy segment held the largest share in 2022.
Based on country, the Middle East & Africa epilepsy drugs market is segmented Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa epilepsy drugs market in 2022.
Abbott Laboratories, Alkem Laboratories Ltd, GSK Plc, Novartis AG, Pfizer Inc, Sanofi SA, and Teva Pharmaceutical Industries Ltd are some of the leading companies operating in the Middle East & Africa epilepsy drugs market.
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Companies Mentioned
- Abbott Laboratories
- Alkem Laboratories Ltd
- GSK Plc
- Novartis AG
- Pfizer Inc
- Sanofi SA
- Teva Pharmaceutical Industries Ltd