Kenneth Research, in its repository of market research reports, has recently added a report on Acute Repetitive Seizures Drugs Industry Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Acute Repetitive Seizures Drugs Industry Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country’s goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
Healthcare Companies and Private Service Providers to have a minimal damage Caused by Inflation:
As US govt. remains committed to quality by spending more in the Medicaid and Medicare programs, incentives by govt. to medical devices, pharma companies and biotech to benefit the market players in short and long term goals. In 2021, U.S. spent $12,318/person on healthcare- highest amongst all OECD countries followed by Germany at $7,383. The federal government commitment towards healthcare systems to enable market players expanding their revenues and mitigating the risk posed by the inflation.
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” The global acute repetitive seizure drugs market is estimated to be valued at USD ~190 million in 2021 and is projected to experience a CAGR of ~49% during the forecast period 2022-2030. The availability of advanced product pipelines and the high unmet clinical needs of patients and healthcare professionals are major drivers of market growth. This drug is effective for most people with seizures.
However, there are many medical challenges and unmet medical needs, such as drug-induced seizures, side effects, and the lack of anticonvulsants that can prevent seizures and other diseases. Globe continues to work to reduce inpatient and point-of-care costs through outpatient models such as clinic and home care. Emerging countries like India and China are rapidly implementing these health reforms.
This factor will drive the rapid growth of the periodic cycle market. Gap Therapy is a useful measure to compare access to quality care for people with epilepsy. The wage gap in low- and middle-income countries like India, South Africa and Brazil is around 80%, while in developed countries like the US and UK it is around 60%. When prescribing medications, patients prefer nasal to other types such as oral, rectal and muscular. Intravenous administration has proven to be the best option for outpatient treatment. However, injections cannot be used by medical professionals in some countries, such as the Netherlands.
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Germany is expected to grow significantly during the forecast period owing to technological advances in science, clinics and medicine. Increasing demand for antiepileptic drugs owing to increasing disease spread in this region is driving the market growth.
Government initiatives to improve quality of life and disease awareness and provide better health care are the major drivers of regional market growth as the Asia Pacific market is growing rapidly in developing countries such as India and China. Significant deviations are observed in this area in the treatment of recurrent acute attacks. Thus, the demand for antiepileptic drugs in these developing countries is shifting their market potential from the saturated regions of Europe and North America to these countries.
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The report forecasts global, regional and national sales and volume growth and provides an analysis of the latest industry trends in each subsector from2022-2030. Kenneth Research illuminates the global market. Rapid Relapse Crisis Report by Product and Industry: Product Forecast (Sales, US$1M, 2022-2030. ) USL-261NRL-1AZ-002″
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