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Rising incidence of epilepsy and psychiatric disorders is a key factor driving anticonvulsants market revenue growth
Anticonvulsants Market Size – USD 18.16 Billion in 2021, Market Growth – at a CAGR of 2.3%, Market Trends – Increasing approvals of anticonvulsant drugs” — Emergen Research
VANCOUVER, BC, CANADA, September 22, 2022 /EINPresswire.com / -- The global anticonvulsants market size was USD 18.16 Billion in 2021 and is expected to register a revenue CAGR of 2.3% during the forecast period, according to latest analysis by Emergen Research. Rising high-value investments in the healthcare sector along with increasing Research & Development (R&D) initiative by various major pharmaceutical companies for improvement in anticonvulsant therapy tolerability and drugs are major factors driving market revenue growth. In addition, rising incidences of epilepsy and various neurological disorders along with growing need for pain management caused by migraines are contributing to growth of the anticonvulsants market.
Anticonvulsants are medicinal drugs primarily used for treatment of epileptic seizures as well as various psychiatric disorders. High demand for anticonvulsants owing to increasing incidences of bipolar and other disorders consists of recurring aggression, severe temper dysregulation, intellectual impairment, autistic spectrum disorder, and Attention Deficit Hyperactivity Disorder (ADHD). According to National Institute of Mental Health, around 21% of U.S. adults experienced mental illness in 2020, which is around 52.9 million individuals. Moreover, bipolar disorder was estimated for around 7 million individuals, almost 2.8% of the U.S. adults. Anticonvulsant medications are used to treat neuropathic pain and migraines, which is driving growth of the market.
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The global Anticonvulsants market consists of various segments, including product type outlook, application spectrum, end-user overview, leading regions, and the competitive analysis. The report further provides information regarding the value chain, emerging market sectors, and the technological advancements in the industry to benefit readers and businesses looking to invest in this industry.
Key Market Competitors Profiled in the Report:
GSK Group of Companies, Novartis AG, Pfizer Inc., UCB S.A, Johnson & Johnson Services, Inc., Abbott, Sunovion Pharmaceuticals Inc., Jazz Pharmaceuticals, Inc., Eisai Co., Ltd., and Sanofi.
Some Key Highlights From the Report
The AMPA segment accounted for largest revenue share in 2021. AMPA is utilized in treatment of partial on-set seizures in patients suffering from epilepsy as drugs bind to AMPA receptor present in Central Nervous System (CNS) and block the receptor, which is one of the key factors driving revenue growth of this segment. Two major subtypes of AMPARs, calcium-permeable (CP-AMPARs) and calcium-impermeable (CI-AMPARs) offer different roles in the maintenance of balance in excitation-inhibition of brain.
Better efficacy, fewer side effects, and greater tolerance of second-generation anticonvulsant medications are major factors driving revenue growth of this segment. Moreover, non-requirement of blood level monitoring is increasing demand for second-generation drugs. High demand for anticonvulsant drugs for monotherapy or supplementary therapy is contributing to growth of this segment as well.
The hospital pharmacies segment accounted for a significant revenue share in 2021. Increasing number of hospital pharmacies for neurological disorder, in addition to presence of doctors and medical professionals in both developed as well as emerging countries, are a few key factors driving revenue growth of this segment. Increasing healthcare infrastructure with proper medical supplies and facilities along with high-value funding for development of innovative drugs are contributing to growth of this segment.
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The report emphasizes the demands and ongoing trends of the global Anticonvulsants market, more importantly, across the major regions of the market. Additionally, our analysts have included SWOT analysis and Porter's Five Forces analysis in the report to offer a better understanding of the competitive spectrum of this ever-evolving industry. Moreover, the report sheds light on the cutting-edge expansion strategies adopted by the market contenders, such as mergers & acquisitions, joint ventures, partnerships & collaborations, new product launches, and brand promotions.
Emergen Research has segmented the global anticonvulsants market based on drug type, drug generation, distribution channel, and region:
Drug Type Outlook (Revenue, USD Billion; 2019-2030)
α-Amino-3-Hydroxy-5-Methyl-4-isoxazolepropionic Acid (AMPA)
N-Methyl-D-Aspartate Receptor (NMDAR)
Carbamate Anticonvulsants
Barbiturate
Carbonic Anhydrase Inhibitor
Triazine
Others
Drug Generation Outlook (Revenue, USD Billion; 2019-2030)
First Generation
Second Generation
Third Generation
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
Online Pharmacies
Retail Pharmacies
Hospital Pharmacies
Major Geographies Covered in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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In addition, the competitive dynamics of the Anticonvulsants market are evaluated in detail during the study. Current and future trends shaping the progress of the industry are evaluated during the study, which offers a review of the major technology trends expected to dominate the during the forecast period, The assessment report not only identifies but also anticipates and satisfies business owners' questions pertaining to the dramatic shift in customer preferences, spending power and consumer demands worldwide. Along with this, import and export status, demand and supply, distribution channel, cost structure, gross margin and profits generated across different segments are thoroughly examined.
Target Audience of the Report:
Leading Companies
Large, medium-sized, and small enterprises
Investors
Value-Added Resellers (VARs)
Venture capitalists
Third-party knowledge providers
The global Anticonvulsants market report evaluates the latest economic scenario in terms of value and volume. It highlights the key growth drivers, restraints, production capacity, demand & supply ratio, import/export status, growth rate, and other critical aspects. Additionally, the report also performs SWOT analysis, Porter's Five Forces analysis, speculation attainability investigation, and venture return investigation.
Key Benefits of Buying the Global Anticonvulsants Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Anticonvulsants Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Anticonvulsants Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Anticonvulsants Market
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