Market Trends of Global Divalproex Sodium Industry
This section covers the major market trends shaping the Divalproex Sodium Market according to our research experts:
Epilepsy and Migraine Headaches Segment is Expected to Account for the Largest Market Share During the Forecast Period
Epilepsy is one of the most common nervous system disorders that cause seizures. When there is an enduring predisposition to seizures, it is called epilepsy. It can affect people of any age, ranging from children to adults, across all races and backgrounds. For instance, according to the World Health Organization's February 2022 update, it is estimated that up to 70% of people living with epilepsy could live seizure-free if properly diagnosed and treated. Therefore, the increasing incidences of epilepsy cases across the globe are expected to increase the demand for epilepsy monitoring devices as they provide critical insights into the type of seizures. Furthermore, various organizations are raising awareness about epilepsy in the United States. For instance, Epilepsy Awareness Day, or Purple Day, is celebrated annually on the 26th of March to increase the public's understanding of this brain disorder and to eliminate the fear and stigma surrounding it.
Migraine is a medical condition that involves severe, recurring headaches and other symptoms. Before the headache, there may be sensory changes that are known as an aura. Migraine is one of the world's most common health conditions and it's a common neurological disease. According to American Migraine Foundation data updates from June 2022, it is the third most common disease affecting 1 out of every 7 people globally. It affects almost 37 million people in the United States, and it is estimated that 148 million people will suffer from the disease in the coming years across the world. Therefore, due to the increasing incidence of migraine, the demand for divalproex sodium for treating migraine is expected to increase which will propel the market growth.
In the present scenario, people's lifestyles have induced anxiety and stress in their daily lives. Thus, the patient pool affected by epilepsy and migraine headaches is expected to increase during the forecast period and contribute as a driving factor to the growth of the divalproex sodium market.
North America is Expected to Hold a Significant Market Share During the Forecast Period
In North America, the United States divalproex sodium market holds the major share. Increased government initiatives and rising research and development activities aimed at launching new products are expected to aid the growth of the divalproex sodium market in the region. According to the article titled "Epidemiology of status epilepticus in the United States: A systematic review" published in November 2020, the incidence of all status epilepticus in patients of all ages in the United States ranged from 18.3 to 41 per 100,000 people per year. Such a high burden of epilepsy has contributed to the increase in the demand for divalproex sodium to provide treatment to patients.
Moreover, according to the article published in the JAMA Network in January 2022, titled 'What Is Migraine?', in the United States, 17.1% of women and 5.6% of men reported having migraine symptoms. Thus, higher prevalence is expected to boost the growth of the market in the United States.
Furthermore, in February 2022, Unichem Laboratories received Abbreviated New Drug Application (ANDA) approval for its Divalproex Sodium extended-release tablets from the United States Food and Drug Administration (US FDA). Such advancements are expected to drive the market's growth over the forecast period.
Thus, owing to the abovementioned factors, the market is expected to show growth over the forecast period.
