TechNavio today published its report Global Epilepsy Market 2010“2014. The report discusses the key trends impacting the growth of this market.
TechNavio™s report highlights the Global Epilepsy market is driven by the rise in the aging population. According to the WHO, up to 50 million people worldwide, amounting to at least 50 per 100,000 people of the general population will have epilepsy at any one time. When compared to the younger population, the aged population has a higher incidence of epileptic seizures, which results in repeated acute seizures. This creates the demand for automated external defibrillator (AEDs).
Commenting on the report, an analyst from TechNavio™s Healthcare team said, Issues such as patent expirations, consumer affordability, etc., have pushed vendors to develop more economical AEDs. The AED market is currently under pressure due to competition from generic drugs, which are typically 40“50 percent cheaper. This can drive down the prices and decrease the sales of branded drugs. As a result AED vendors have stepped up and are focusing on economical options for patients.
Key findings from the report:
¢ Increasing Usage of Second-generation Drugs
¢ Behavioral Change Among Anti-epileptic Drug Users
¢ Prices of Anti-epileptic Drugs to be Reduced
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-epilepsy-market-2010-2014
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Large Aging Population Key Users of AEDS
