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The U.S. Antiepileptic Drugs (AED) Market size was worth USD 6.00 billion in 2022 and is projected to grow at a CAGR of 4.9% during the forecast period.
Antiepileptic drugs are used in the treatment of epilepsy. The common symptoms of epilepsy are severe emotional distress, sudden behavioral changes, and the loss of consciousness. The rising prevalence of neurological disorders is expected to promote strong demand for these drugs in the U.S. market.
In the U.S., a substantial number of programs have been launched to make people aware of epilepsy. The strong initiatives by various organizations to enhance awareness and treatment for epilepsy are expected to drive market growth.
Similarly, key players are continuously engaged in clinical trials, and gaining drug approvals from the FDA is expected to propel the Antiepileptic Drugs (AED) Market.
The COVID-19 pandemic had a negative impact on the U.S. market. This market’s growth was stifled due to reduced patient visits for neurological disorders and disruptions in the supply of antiepileptic drugs across the U.S.
Introduction of Effective Third Generation Drugs
The overall market is witnessing an increase in the regulatory approvals and adoption of third generation antiepileptic drugs. There are certain advantages of third generation drugs over other-generation drugs. Some common benefits include reduced drug-drug interactions, fewer life-threatening adverse events, and less negative impact on cognitive functions.
Also, the growing R&D initiatives by key players to receive approval from regulatory bodies and launch new products are augmenting market growth.
Therefore, these launches of new products are expected to contribute to the U.S. Antiepileptic Drugs (AED) Market growth over the forecast period.
Significant FDA Product Approvals to Propel Market Growth
The prevalence of epilepsy has risen significantly over the last few decades. This dramatic increase in prevalence has resulted in increased demand for antiepileptic drugs. The growing demand has increased the focus of prominent players on launching new products in the U.S. market.
The growing prevalence and significant new launches in the market are expected to experience strong growth in the coming years.
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According to estimates published by the Centers for Disease Control and Prevention (CDC), in 2020, about 1.2% of the total U.S. population had active epilepsy in 2015.
Various Side Effects Associated with Antiepileptic Drugs is Limiting Market Growth
Although there is an intense demand and adoption for antiepileptic drugs, several limiting factors for these products are projected to hamper the U.S. market growth in the coming years. Some side effects of these drugs include ataxia, lack of concentration, confusion, dizziness, fatigue, and tingling (paresthesia) in the extremities, nausea, sleepiness, memory problems, depression, agitation, and slowness of speech.
By drug generation, the market is distributed into first generation drugs, second generation drugs, and third generation drugs. The second generation drugs segment held the largest U.S. antiepileptic drugs market share in 2022. This category has the potential to slow the brain's impulses and control seizures. Such robust benefits and a large number of drugs in this category are expected to drive the growth of the segment during the forecast period.
Based on distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies.
The hospital pharmacies segment held the maximum share in 2022. This growth is attributed to a strong preference for hospitals as they provide advanced care and reimbursement facilities. Also, the increasing number of accreditations by the National Association of Epilepsy Centers (NAEC) in terms of providing advanced facilities to patients in the U.S. is propelling segmental growth.
The competitive landscape of the market comprises a consolidated nature. The U.S. market is dominated by Pfizer Inc. and GSK plc. Their dominance is an efficient drug portfolio and robust presence in the market.
Similarly, increasing strategic activities and advanced launches by other players, such as UCB S.A. and Eisai Co., Ltd., are expected to propel these pharmaceutical industries' market share.
An Infographic Representation of U.S. Antiepileptic Drugs (AED) Market
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The U.S. antiepileptic drugs market research report highlights the key aspects, including the prevalence of epilepsy in the U.S., new product launches, key industry developments, challenges in the market, and pipeline analysis. Additionally, it covers market dynamics, trends, COVID-19 impact, competitive analysis, and company profiles of major market players. The report encompasses the numerous factors that will contribute to the market growth during the forecast period.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 4.9% from 2023 to 2030 |
Unit | Value (USD Billion) |
Segmentation | By Drug Generation
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By Distribution Channel
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Fortune Business Insights says that the market size was worth USD 6.00 billion in 2022.
The market is expected to exhibit a CAGR of 4.9% during the forecast period (2023-2030).
Based on drug generation, the second generation drugs segment dominated the U.S. market.
Pfizer Inc. and GSK plc. are the key players in the U.S. market.
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