Data Bridge Market Research unveils a comprehensive study of the Pregabalin Market, presented in a visually compelling format for effective data absorption. Key insights are readily evident through insightful graphs, charts, and figures, empowering informed decision-making.
Thorough and unequivocal research studies have been meticulously conducted to craft a comprehensive Pregabalin market research report tailored for a specific niche. This report harnesses cutting-edge skills, utilizes the latest tools, and integrates innovative programs to yield valuable market insights, facilitating the achievement of business objectives. In-depth research and analysis of pivotal developments within the Pharmaceutical industry, as well as the strategies employed by key competitors, are incorporated into this report. This, in turn, equips businesses with a holistic understanding of the market landscape and product dynamics. The report on the global market also provides insights into the Compound Annual Growth Rate (CAGR) fluctuations from 2018 to 2025, aiding in investment and costing projections.
The report serves as a comprehensive guide to the Pharmaceutical industry, offering an all-encompassing view that considers aspects such as product definition, market segmentation, and the current retail landscape. It features a meticulous market segmentation, systematic analysis of major market players, insights into consumer and supply chain dynamics, and exploration of emerging geographical markets. Business entities can leverage the most recent and efficient market insights embedded in this Pregabalin research report to enhance their marketing, advertising, promotional, and sales strategies. The complexity of market insights is distilled and presented in a simplified manner within the Pregabalin report, ensuring a clearer understanding for end-users.
Data Bridge Market Research analyzes that the global pregabalin market which was USD 824.75 million in 2023, is likely to reach USD 1,088.56 million by 2031, and is expected to undergo a CAGR of 3.53% during the forecast period. “Oral” dominates the dosage form segment of the market due to rising demand of pregabalin oral dosage form. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Pregabalin is an anticonvulsant and anxiolytic medication used to treat epilepsy, neuropathic pain, fibromyalgia, restless leg syndrome, and generalized anxiety disorder. It's an epilepsy medication that's used to treat partial seizures. It functions by lowering nerve activity and lowering pain. Anti-epileptic medicines (AEDs) such as Lyrica (pregabalin) and Topamax (topiramate) are used to prevent epileptic seizures. Lyrica is also indicated to treat diabetic peripheral neuropathy, postherpetic neuralgia, and fibromyalgia neuropathic pain.
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Market Growth Drivers:
- Rise in the Prevalence of Epilepsy
The surging prevalence of epilepsy is a major factor driving the pregabalin market's growth rate during the forecast period. According to the World Health Organization (WHO), an estimated 50 million people are living with epilepsy globally in 2019, with up to 75 percent of them living in resource-poor countries with little or no access to treatment or medical services. Furthermore, approximately 80% of people with epilepsy live in low- and middle-income nations. In the treatment of epilepsy, pregabalin stops seizures by reducing aberrant electrical activity in the brain.
- Extensive application of Lyrica
The growing application of Lyrica is anticipated to propel the market's growth rate. Lyrica (pregabalin) is a fibromyalgia drug approved by the US Food and Drug Administration. Fibromyalgia is a chronic illness that causes long-term, widespread muscle pain and soreness and sleeping difficulties and exhaustion. Lyrica is a drug used to treat nerve signals. Fibromyalgia affects over 4 million individuals in the United States, or about 2% of the adult population, according to the Centers for Disease Control and Prevention (CDC). The etiology of fibromyalgia is unknown, but it can be effectively treated and managed. Lyrica has long been used to treat nerve pain in shingles or diabetic neuropathy patients. The drug Lyrica is also used to treat partial seizures.
Opportunities
- Research and development for new indications
Investing in research and development to explore new therapeutic indications for pregabalin could open up new markets and revenue streams. Identifying and validating additional medical conditions where pregabalin demonstrates efficacy could lead to expanded usage and increased market share.
- Strategic collaborations and partnerships
Collaboration between pharmaceutical companies, research institutions, and healthcare providers can create synergies and drive market growth. Partnerships for clinical trials, marketing initiatives, or distribution agreements can enhance the visibility and accessibility of pregabalin, particularly in regions with unmet medical needs.
The report emphasizes the participation of key entities, notably:
Pfizer Inc. (U.S.)
GlaxoSmithKline plc (UK)
Novartis AG (Switzerland)
Mylan N.V. (U.S.)
Teva Pharmaceutical Industries Ltd. (Israel)
Sanofi (France)
- Hoffmann-La Roche Ltd. (Switzerland)
Aurobindo Pharma (India)
Lupin (India)
Zydus Cadila (India)
Amneal Pharmaceuticals LLC. (U.S.)
Cipla Inc. (U.S.)
Torrent Pharmaceuticals Ltd. (India)
Glenmark Pharmaceuticals Limited (India)
Medley Pharmaceuticals Ltd. (India)
Key Highlights in the Report
- Providing an extensive analysis of the Pregabalinmarket for a holistic understanding.
- Presenting details about the leading industry players, their product ranges, and strategic approaches.
- Delving into the prominent regional landscapes where Pregabalindemonstrates significant growth.
- Exploring the latest trends and advancements within the industry.
- Identifying potential and specialized segments/regions poised for notable expansion.
Key Market Segmentation
By Dosage Forms (Oral Capsule, Oral Solution, Oral Tablet, Extended Release), Application (Epilepsy, Neuropathic Pain, Anxiety Disorder, Others), Drug Class (Fibromyalgia Agents, Anticonvulsants, Others), End-Users (Hospitals, Specialty Clinics, Homecare, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others)
Target Audience:
- Businesses in the Pregabalinindustry
- Investors and analysts interested in the Pregabalinmarket
- Anyone who wants to learn more about the Pregabalinmarket
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