West Syndrome Market Trends

  • Report ID: 4397
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

West Syndrome Market Trends

Growth Drivers

  • Growing Incidence of Traumatic Brain Injuries to Boost the Market Growth - As of 2019, around 200,000 people were noticed to be hospitalized while nearly 62,000 people died due to traumatic brain injuries in the same year in United States. Traumatic brain injury, shortly known as TBI can affect the functionality of the brain in multiple ways. It is categorized into two categories that are closed and penetrating brain injury. TBI can also cause death and serious disabilities becoming the major cause of death in the United States. Hence, such a higher prevalence is estimated to hike the market growth over the forecast period.

  • Higher Prevalence of Drug Seizure - In 2022-21, about 5500 drug seizures per million inhabitants were observed solely in London.

  • Significant Growth in the Imaging Technology - For instance, the diagnostic imaging devices segment was valued at nearly USD 45 billion in 2022 worldwide.

  • Growing Penetration of Neurological Disorders - Based on the data released by Pan American Health Organization (PAHO), in 2019, about 533,172 people died due to neurological conditions in the United States.

Challenges

  • Shortage of Requisite Equipment and Skilled Medical Professionals - The brain is one of the main organs that helps to regulate movement, coordination, intelligence, and all cognitive functions. So, only a skilled professional can treat the diagnose a disease perfectly. Any errors in the diagnosis will harm the patient. And it is not possible to make skilled doctors available at all times in a hospital which may hinder market growth.
  • Lack of Awareness in the Rural Areas
  • Higher Cost Associated with the Treatment

West Syndrome Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~5%

Base Year Market Size (2022)

~ USD 1 Billion

Forecast Year Market Size (2033)

~ USD 3 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Base Year

2024

Forecast Year

2025-2037

CAGR

5.3%

Base Year Market Size (2024)

USD 1.11 billion

Forecast Year Market Size (2037)

USD 2.17 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 4397
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of west syndrome is estimated at USD 1.21 billion.

The west syndrome market size was valued at USD 1.11 billion in 2024 and is likely to cross USD 2.17 billion by 2037, registering more than 5.3% CAGR during the forecast period i.e., between 2025-2037. Higher prevalence of drug seizures and significant growth in imaging technology will boost the market growth.

North America industry is set to hold largest revenue share by 2037, attributed to escalation in the number of people living with traumatic brain injuries.

The major players in the market are Marinus Pharmaceuticals, Inc., SK Biopharmaceuticals Co., Ltd., Alkem Laboratories Ltd., Supernus Pharmaceuticals, Inc., Eisai Co., Ltd., Abbott Laboratories, Upsher-Smith Laboratories, LLC., Pfizer Inc., H. Lundbeck A/S, UCB S.A.
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