MENA Ethosuximide Market Outlook
According to a new report by Expert Market Research titled “MENA Ethosuximide Market Size, Share, Analysis, Report, Demand, Forecast 2023-2028″, the MENA ethosuximide market is projected to grow at a CAGR of 3.30% between 2023 and 2028. Aided by the increasing prevalence of epilepsy and growing healthcare infrastructure and expenditure, the market is expected to grow significantly by 2028.
Ethosuximide is an efficacious anticonvulsant medication predominantly employed in the treatment of absence seizures, a type of epilepsy, in both adults and children. The medication functions by reducing abnormal electrical activity in the brain. It has been recognised for its proven safety and efficacy, making it a first-line therapy in managing absence seizures. This class of medication has gradually integrated into numerous healthcare systems, due to its pivotal role in maintaining patient health and improving quality of life for those affected by epilepsy.
The driving factor behind the MENA ethosuximide market growth is the escalating demand for effective anti-epileptic drugs. As the understanding of epilepsy and its associated medical complications expands, the demand for efficient and reliable medications like Ethosuximide has surged.
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In addition to this, an increase in the prevalence of epilepsy in the MENA region has fuelled the MENA ethosuximide market expansion. The World Health Organisation (WHO) estimates a higher incidence rate of epilepsy in the region, attributed to factors such as birth trauma, infections of the brain, and road traffic accidents, thereby necessitating efficient treatment options like Ethosuximide.
Additionally, the increasing focus on the development of the healthcare infrastructure in many countries in the MENA region has been instrumental in propelling the MENA ethosuximide market development. Governments and health organisations are steadily investing in medical research, clinical trials, and healthcare facilities, which directly boosts the demand and distribution of critical drugs like Ethosuximide.
A rising trend of personalised medication in epilepsy management also contributes to the growing ethosuximide market in the region. Personalised medication considers individual variability in genes, environment, and lifestyle for each person, creating more effective treatment pathways. Ethosuximide, being a part of the anticonvulsant family, has seen increased use in customised treatment plans, bolstering the MENA ethosuximide market growth.
Additionally, with the increasing awareness about the availability and effectiveness of treatment for epilepsy, more people are seeking medical intervention, further driving the market for Ethosuximide. The ongoing efforts of various health organisations to destigmatise epilepsy and promote the need for proper medical care have also played a significant role in the MENA ethosuximide market expansion.
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MENA Ethosuximide Market Segmentation
The market can be divided based on product, procurement, and country.
Market Breakup by Product
- Capsule
- Tablet
- Syrup
- Others
Market Breakup by Procurement
- Annual Procurement (Government Agencies, Public Hospitals)
- Private Procurement (Drug Stores, Private Hospitals)
Market Breakup by Country
- Saudi Arabia
- United Arab Emirates
- Iran
- Egypt
- Morocco
- Qatar
- Kuwait
- Oman
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the MENA ethosuximide companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Pfizer Ltd
- Essential Pharma Ltd
- Qatar Pharmaceuticals Industries
- Delta Pharma
- Others
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