Id: CBI_1447 | Pages: 340 | Format : PDF | Published : | Author : Pawan Chasta | Category : Healthcare
Consegic Business Intelligence analyzes that the Dravet Syndrome market size is growing with a CAGR of 10.4% during the forecast period (2024-2031). The market accounted for USD 395.08 Million in 2023 and USD 429.16 Million in 2024, and the market is projected to be valued at USD 872.32 Million by 2031.
Dravet syndrome is an intractable developmental and epileptic encephalopathy that begins in infancy and proceeds with accumulating morbidity that significantly impacts individuals throughout their lifetime. It is characterized by frequent, prolonged, and refractory seizures that usually begin within the first year of life. This syndrome is classified as a developmental and epileptic encephalopathy due to developmental delays and cognitive impairment, in addition to seizure activity. The majority of patients with this syndrome carry a mutation in the sodium channel gene SCN1A that affects the functioning of sodium channels. As per the analysis, the group of comorbidities addressed in This syndrome are intellectual disability, movement and balance issues, defects, sleep abnormalities, disruptions of the autonomic nervous system, and photosensitivity, among others. The primary goal of seizure treatment is to find the best combination of medications for a child's long-term condition.
Genetic mutation is the permanent alteration in the DNA sequence of an organism. The syndrome is a rare progressive genetic epilepsy caused by a mutation in the sodium channel gene SCN1A. This syndrome is an autosomal dominant disorder that leads to developmental delays and cognitive impairment, in addition to severe seizure activity. The high incidence of this syndrome due to genetic mutation is the potential factor driving the demand for effective management of the syndrome.
Thus, the rising incidences of genetic mutations lead to the development of this syndrome which is driving the market.
The potential rise in the availability of advanced drugs approved specifically for the management of this syndrome is a substantial factor fuelling the rise of the market. Traditionally, first, second, and third-line medications including clobazam and valproic acid listed for the management of seizures are available as the treatment recommendation. Apart from these primary medications, commendable efforts made by the biopharmaceutical and pharmaceutical companies are influencing regulatory agencies to create progress in the accessibility of emerging drugs.
Overall, the progress in the availability of advanced drugs for this syndrome is surging the market.
Early diagnosis and prompt treatment are critical to prevent high morbidity and its overwhelming effect on the quality of life of children. Currently, this syndrome is being managed primarily by antiseizure medications that prevent the recurrence of seizures. However, there is limited approved therapy treatment for this syndrome which particularly modifies the mutated gene. This limits the patients and healthcare providers to prevail effective treatment. The unavailability of specific treatment selectively targeting mutated genes makes it challenging to completely cure the syndrome. Consequently, the lack of a whole disease-modifying treatment for this syndrome is posing a significant threat to the market.
The demand for more advanced solutions for the treatment of this syndrome has motivated the rise in research and development activities. Disease-modifying therapies (DMTs) are treatments that target the underlying cause of a disease and aim to delay, slow, or reverse its progression. Based on the analysis, of the context of multiple sclerosis (MS), DMTs are designed to modify the immune system's response and prevent it from attacking the myelin sheath that protects nerve cells. Disease-modifying therapies for this syndrome focus on reducing seizure frequency and improving overall patient outcomes. However, the biopharmaceutical and pharmaceutical companies are accelerating their efforts for manufacturing novel medications such as RNA-based medications for the development of gene therapies that cater to the potential to treat this syndrome.
Thus, consistent demand to come up with innovative solutions is expected to create enormous opportunities in the market.
The treatment is categorized into medications, vague nerve stimulation, and others.
Trends in the Treatment:
In 2023, the medications segment accounted for the highest market share of 70.68% in the Dravet syndrome market and it is also expected to hold the fastest CAGR over the forecast period.
Based on application, the Dravet Syndrome Market has been segmented into Remote Monitoring, Diagnostics and Treatment, Disease and Epidemic Outbreak Tracking, Communication and Training, Education and Awareness, and Others.
Trends in the route of administration:
In 2023, the oral segment accounted for the highest market share in the overall Dravet syndrome market.
The injectable segment is expected to hold the fastest CAGR over the forecast period.
The end-user segment is categorized into hospitals, clinics, and home care settings.
Trends in the End Use:
In 2023, the hospital's segment accounted for the highest market revenue share in the overall Dravet syndrome market.
The home care settings segment is expected to hold the fastest CAGR over the forecast period.
The distribution channel segment is categorized into offline and online pharmacies.
Trends in the Distribution Channel:
In 2023, the offline segment accounted for the largest market in the overall Dravet syndrome market share.
The online pharmacies segment is expected to hold the fastest CAGR over the forecast period.
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Furthermore, the Asia Pacific region is expected to witness significant growth over the forecast period, growing at a CAGR of 11.4% during 2024-2031. In Asia Pacific, China accounted for a major market revenue of 25.6% in 2023.
The significant growth in healthcare spending, better health awareness, and potential growth in the healthcare and pharmaceutical sector across the region are expected to increase the treatment facilities for this syndrome across the region.
All the above-mentioned factors are collectively driving the demand for this syndrome management from the pharmaceutical and healthcare industry in the Asia Pacific region and creating lucrative Dravet syndrome market opportunities.
North America accounted for the highest Dravet syndrome market share valued at USD 167.87 Million in 2023 and it is expected to reach USD 371.61 Million in 2031. The Dravet syndrome market across the North American region is growing owing to the high prevalence of the disease, the availability of advanced medical facilities, and the presence of well-established healthcare systems across the region. Significant growth in healthcare expenditure is driving the Dravet syndrome market growth in the region.
Moreover, North America is home to several pharmaceutical companies actively involved in researching and developing new and improved treatments for this syndrome. Thus, as per the analysis, the growing pharmaceutical research and development spending and government healthcare spending across the region are driving market growth.
As per the Dravet Syndrome market analysis, Europe is anticipated to witness substantial growth that is backed by the increasing prevalence of this syndrome. Companies invest in innovative technologies to cater to the surging Dravet syndrome market demand for these treatments across the region.
The Middle East, Africa, and Latin America are expected to grow at a considerable rate due to increasing investments in medical sectors in countries like Brazil, and UAE, among others.
The global Dravet syndrome market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The Dravet syndrome industry is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their industry revenue through mergers, acquisitions, and partnerships. The key players in the Dravet syndrome industry include-
Merger & Acquisition:
Product Approval:
Report Attributes | Report Details |
Study Timeline | 2018-2031 |
Market Size in 2031 | USD 872.32 Million |
CAGR (2024-2031) | 10.4% |
By Treatment |
|
By Route of Administration |
|
By End Use |
|
By Distribution Channel |
|
By Region |
|
Key Players |
|
North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
|
In 2023, the market size of Dravet syndrome was USD 395.08 million.
The Asia Pacific region is the fastest-growing region.
The segment details covered consist of treatment, route of administration, end-use, and distribution channel.
The key players include Stoke Therapeutics, UCB, Inc., Biocodex, Inc., Jazz Pharmaceuticals, Inc., Lundbeck, Epygenix Therapeutics, Inc., Sanofi, Otter Pharmaceuticals (Subsidiary of Assertio Holdings, Inc.), AbbVie, and Ovid Therapeutics, Inc.