The global west syndrome market is expected to register a steady revenue CAGR due to rising prevalence of epilepsy, which affects infants. Since West syndrome is a form of epilepsy, the market has grown as a result of the rising incidence of epilepsy. Epilepsy accounts for more than 0.5% of the illness burden, according to the World Health Organization (WHO). Around 50 million people experience epilepsy globally. According to the National Organization for Rare Disease, West syndrome is responsible for about 30% of all neonatal epilepsy cases. According to estimates, 0.31 out of every 1,000 live births in the U.S. are affected by West syndrome. Less than 6 out of 10,000 newborns are affected. The market is further stimulated by the possibility that Lennox Gastaut Syndrome could worsen the condition with west syndrome if it is not treated. Additionally, rising R&D activities, technological advancement, and government assistance are expected to drive market revenue growth.
West syndrome is characterized as epilepsy that affects babies. It is a condition known as epileptic/infantile spasms, hypsarrhythmia, and intellectual disability. The spasms that happen can range in severity from slight shoulder or eye changes to dramatic jackknife or "salaam" movements where the entire body bends in half. The term "epileptic spasms" is used when they happen in elderly persons. Uncontrollable electrical abnormalities in the brain can cause periods of involuntary muscle spasms known as epileptic spasms (seizures). Each involuntary spasm normally starts abruptly, lasts for a brief period of time, and occurs more frequently in clusters that can last for over ten to twenty minutes. As they get older, about one-third of kids with west syndrome can start having recurring epileptic seizures. The condition frequently progresses to Lennox-Gastaut syndrome, which is characterized by difficult-to-control mixed-type seizures.
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Market Overview:
In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Drivers:
Revenue growth of the global west syndrome market is expected to be driven by increased incidences of infantile epilepsy. Around 50 million people experience epilepsy globally.
Increased awareness and a corresponding rise in demand for treatment have been brought about by the continued cooperation of the many organizations, institutions, and governments in the fight against the stigma associated with epilepsy and seizures. For instance, the WHO, the International League Against Epilepsy (ILAE), and the International Bureau for Epilepsy (IBE) jointly launched the global campaign against epilepsy to "bring the disease out of the shadows," increase public and private efforts to enhance care and lessen the burden of the disease.
The incidence of brain injuries, structural changes brought on by prior injuries (like brain infection or a lack of Oxygen to the brain), and changes in the way the brain has developed (such as cortical malformation or dysplasia) are all factors contributing to the continued rise in west syndrome incidences. A stronger product pipeline has been produced as a result of the increased clinical trial activity, and additional research and development into efficient and economical therapies as well as the introduction of new medications are projected to bring about a number of new prospects. Numerous unique treatment alternatives are now available thanks to technological improvement and rising research & development spending. In addition, it is expected that better healthcare infrastructure and a higher healthcare budget will drive revenue growth of the market during the forecast period.
Key Players covered in this report are
- SK Biopharmaceuticals
- Supernus Pharmaceuticals
- Upsher Smith Laboratories, LLC.
- Lundbeck
- GW Research Ltd.
- UCB S.A.
- GSK Plc
- Pfizer Inc.
- Eisai Co, Ltd.
- Sun Pharmaceuticals Industries Ltd.
- Abbott Laboratories
- Alkem Laboratories Ltd.
- Marinus Pharmaceuticals Inc.
Based on Product Type market is segmented into:
- Corticosteroids
- Anticonvulsant
- Benzodiazepine
- Vitamin B
Based on Application market is segmented into:
- Hospitals Pharmacies
- Online Pharmacies
- Retail Pharmacies
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Points covered in this report are as below:
- An analysis of West Syndrome industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of West Syndrome manufacturers and provides valuable insight into the market for companies and individuals.
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