Newark, Sept. 28, 2022 (GLOBE NEWSWIRE) -- As per the report published by The Brainy Insights, the global anticonvulsants market is expected to grow from USD 19.2 billion in 2021 to USD 24.1 billion by 2030, at a CAGR of 2.6% during the forecast period 2022-2030.
The varied class of pharmacological medicines known as anticonvulsants is used to treat epileptic seizures. Bipolar illness and borderline personality disorder are two other conditions that anticonvulsants are used to treat more frequently. Anticonvulsants are also called antiepileptic drugs and are also referred to as antiseizure drugs as they provide relief from the occurring symptoms and do not change the course of epilepsy. Epilepsy is a chronic disease that results in unjustified and repeated seizures. According to the World Health Organization (WHO), around 50 million people are affected by epilepsy worldwide. Moreover, it is estimated that approximately 2.4 million new cases of epilepsy globally are diagnosed every year. According to the Epilepsy Society of the U.K., there are over 20 medications available to treat epilepsy, including barbiturates, carboxamides, carbamates, and GABA analogs. There are also about 25 generic versions of these medications on the market.
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Competitive Landscape:
To enhance their market position in the global anticonvulsants market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
● In June 2021, the Antiepileptic Drugs and Device Trials conference was held, which focused on current topics related to AEDD development, from preclinical trials to clinical prognostication.
Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2022-2030 |
| Forecast CAGR | 2.6% |
| 2030 Value Projection | USD 24.1 billion |
| Base Year | 2021 |
| Anticonvulsants Market Size in 2021 | USD 19.2 billion |
| Historical Data | 2017-2020 |
| No. of Pages | 230 |
| Segments Covered | Product Type, Application, End-User |
| Anticonvulsants Market Growth Drivers | Active government support |
Market growth and trends:
Increasing government organizations' support for drug approval drives the market's growth. Furthermore, the rising prevalence of epilepsy globally propels the market's growth. The growing approval for anticonvulsant drugs by the U.S. Food and Drug Administration (FDA) contributes highly to the market's growth. The FDA approves around 24 anticonvulsant drugs. However, the unavailability of convenient dosage forms and the high costs of both branded and generic anticonvulsants are restraining the growth of the anticonvulsants market. The increasing R&D activities to help manufacture several anticonvulsant drugs provide an opportunity for the market's growth over the forecast period. Furthermore, the growing incidences of epilepsy increase the demand for therapeutically effective medications creating pressure among market players to create anticonvulsants.
Key Findings
● In 2021, the AMPA segment dominated the market with the largest market share of 11% and revenue of 2.1 billion.
The product type segment is divided into barbiturates, succinimides, AMPA, NMDAR, carbamate anticonvulsants, triazine, hydantoins, benzodiazepines, and others. In 2021, the AMPA segment dominated the market with the largest market share of 11% and revenue of 2.1 billion. Epilepsy patients widely use AMPA anticonvulsants to treat partial onset seizures, driving the segment's growth.
● In 2021, the epilepsy segment accounted for the largest share of the market, with 17% and a market revenue of 3.2 billion.
The application segment is divided into migraine, epilepsy, fibromyalgia, anxiety, neuropathic pain, and bipolar disorder. In 2021, the epilepsy segment accounted for the largest share of the market, with 17% and market revenue of 3.2 billion. The rising awareness about anticonvulsants drug for treating epilepsy also drives the segment's growth.
● In 2021, the hospital segment accounted for the largest market share, with 40.8% and a market revenue of 7.8 billion.
The end-user segment is divided into hospitals, clinics, and ambulatory surgical clinics. In 2021, the hospital segment accounted for the largest share of the market, with 40.8% and market revenue of 7.8 billion. Hospitals also have better facilities for treating all kinds of diseases, including neurological disorders, which propel the market growth in the hospital segment.
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Regional Segment Analysis of the Anticonvulsants Market:
● North America (U.S., Canada, Mexico)
● Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
● Asia-Pacific (China, Japan, India, Rest of APAC)
● South America (Brazil and the Rest of South America)
● The Middle East and Africa (UAE, South Africa, Rest of MEA)
Among all regions, North America emerged as the largest market for the global anticonvulsants market, with a market share of around 34.8% and 6.68 billion of the market revenue in 2021. The increasing incidences of epilepsy in the region raise the demand for anticoagulants. Furthermore, the surge in the number of neurological disorders in the region, coupled with increasing investment in healthcare facilities, propels the market's growth in the region. The rising collaboration between governments and pharmaceutical companies significantly contributes to the region's market growth.
Key players operating in the global anticonvulsants market are:
● Johnson & Johnson (J&J)
● Novartis AG
● UCB Group
● GlaxoSmithKline plc
● Pfizer Inc.
● Abbott Laboratories
● Cephalon Inc.
● Shire plc. Pfizer
● Valeant Pharmaceuticals International, Inc.
● AstraZeneca Plc.
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Brainy Insights has segmented the global anticonvulsants market based on the below-mentioned segments:
Global Anticonvulsants Market by Product Type:
● Barbiturates
● NMDAR
● AMPA
● Carbamate Anticonvulsants
● Triazine
● Succinimides
● Hydantoins
● Benzodiazepines
● Others
Global Anticonvulsants Market by Application:
● Migraine
● Epilepsy
● Fibromyalgia
● Anxiety
● Neuropathic Pain
● Bipolar Disorder
Global Anticonvulsants Market by End-User:
● Hospitals
● Clinics
● Ambulatory surgical clinics
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About the report:
The global anticonvulsants market is analyzed based on value (USD Billion). All the segments have been analyzed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyzes driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter's five forces model, attractiveness analysis, Product analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
About The Brainy Insights:
The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirement whether they are looking to expand or planning to launch a new product in the global market.
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