Anticonvulsants Market Latest Developments and Trends, Global Business Revenue, Demand and Applications Report to 2030
Rising incidence of epilepsy and psychiatric disorders is a key factor driving anticonvulsants market revenue growth
VANCOUVER, BC, CANADA, January 18, 2023 /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.
Moreover, the Anticonvulsants Market report provides even handed, objective estimation and analysis of prospects in the Anticonvulsants Market with systematic market study report containing several other market vital factors. This qualified industry analyst evaluates the cost, market share, growth opportunities, technologies, market sizing, supply chains, applications, export & import, companies, and so on, with the sole effort of assisting our clients to make well-read business decisions.
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The report Anticonvulsants Market conveys a serious viewpoint covering worldwide market refreshes, future development, business possibilities, impending turns of events, and future ventures. Besides, the report perceives the top organizations alongside their advertising system, organization profile, most recent progressions, business strategies, item portfolios, market techniques, sales value, volume, limit, and cost structure. Global Anticonvulsants Market has increased with a healthy growth rate over the years and is expected to increase further during the forecasted period.
Key Players Profiled in the Report are:
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.
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Some Key Highlights
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.
Furthermore, the report provides a comprehensive overview of the Anticonvulsants market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.
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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
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Anticonvulsants market expected to boost the growth of the industry in the coming years.
Research Coverage:
The market research covers all sectors of the Anticonvulsants Market. Its goal is to determine the market’s size and growth potential across several areas, such as application, vertical, and geography. It contains a detailed competition analysis of the market’s major competitors, as well as company profiles, significant insights about product and business offerings, recent developments, and key market strategies.
Key Questions Answered in the Report:
What is the growth rate of the Anticonvulsants market? What is the anticipated market valuation of Anticonvulsants industry by 2030?
What are the key growth driving and restraining factors of the Anticonvulsants market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Anticonvulsants industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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The global anticonvulsants market size was USD 18.16 Billion in 2021 and is expected to register a revenue CAGR of 2.3%
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