According to a new report published by Allied Market Research, titled, โEpilepsy Treatment Devices Market: Global Opportunity Analysis and Industry Forecast, 2021-2030โ Epilepsy is a neurological disorder in which the patient’s brain activity becomes abnormal causing periods of unusual behavior or seizures, sensations, and even loss of awareness of the surroundings. Epilepsy can affect both females and males of all ethnic backgrounds, and ages. However, the seizure symptoms may vary from person to person. Some patients with epilepsy simply stare blankly for a short period of time while others may twitch their legs or arms. Treatment with surgery or medications can control the frequency of seizures in the majority of patients with epilepsy, however some people may require lifelong treatment.
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COVID-19 Impact Analysis
COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in December, 2019. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since its outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing a shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness significant growth in the future, owing to the demand for vaccines and treatment drugs for COVID-19.
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North America holds the major market share of the epilepsy treatment devices market. This can be attributed to the presence of many research organizations for epilepsy along with many healthcare facilities present in the region.
The Asia-Pacific market for epilepsy treatment devices is anticipated to witness a slow pace in the R&D sector for epilepsy due to less investment by major players in R&D. However, a number of healthcare facilities are being set in this region which promotes the growth of the epilepsy treatment devices market.
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- This study presents the analytical depiction of the epilepsy treatment devices industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the epilepsy treatment devices market share.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the epilepsy treatment devices market.
- Porterโs five forces analysis illustrates the potency of buyers and suppliers in the market.
- The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in the coming years.
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Key Market Players
- Cerbomed GmbH
- ElectroCore, Inc.
- Cyberonics, Inc.
- NeuroPace, Inc.
- Boston Scientific Corporation
- Medtronic Plc.
- Medpage Ltd
- Cadwell Industries
- General Electric company
- Koninklijke Philips N.V.
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