The global market for anticonvulsants market was estimated to be worth 7.1 billion in 2023, and during the forecast period, a compound annual growth rate (CAGR) of 4.9% is anticipated. One major factor propelling the market's expansion is the growing number of individuals with epilepsy. The market is expanding due to a rise in the number of people suffering from neuropathy and migraines. The market is expanding rapidly due to the growing availability of third-generation medications to treat epilepsy and other disorders affecting the brain.
The market is expanding rapidly due to a growing number of drug approvals from regulatory bodies. The industry is seeing a huge increase in demand due to growing awareness of epilepsy therapies.
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Growth Drivers
The market is expanding due to the increased frequency of chronic diseases and the growing number of patients with neurodegenerative disorders. Growth in the market is being driven by the increasing number of stroke and brain hemorrhage patients.
The industry is expanding rapidly due to rising healthcare costs worldwide. The market is expanding due in large part to the growing demand for medications like gabapentin from seizure patients. The market is expanding as a result of improvements in drug research, increased awareness of chronic illnesses, and rising diagnosis rates.
The type of sickness, the patient's general condition, and typical drug side effects all influence the rising demand for medications like levetiracetam, carbamazepine, and others. Over 50 million people have epilepsy at some point in their lives, according to the WHO.
Segmentation
By Route of Administration
· Enteral
· Parenteral
By Drug Class
· Barbiturates
· Benzodiazepines
· Aromatic allylic alcohol
· Carboxamides
· Triazine
· Fatty Acid Derivative
· GABA Analogs
· Valproylamides
· Others
By Indication
· Epilepsy
· Neuropathic Pain
· Anxiety
· Bipolar Disorders
· Others
By Distribution Channel
· Online Pharmacies
· Retail Pharmacies
· Hospital Pharmacies
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Middle East and Africa
· Europe
Key Players
· Novartis AG
· Johnson and Johnson
· Teva Pharmaceuticals Ltd.
· Pfizer Inc.
· Dr. Reddy’s Laboratories Ltd.
· Jazz Pharmaceuticals
· Bausch Health Companies Inc.
· Sumitomo Pharma Company
· Zogenix
· Sun Pharm
· Eisai Co. Ltd
· SK Life Science
· Other Player
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