Global Anticonvulsant Drugs Market, by Drug Class (Barbiturates, Benzodiazepines, Aromatic allylic alcohols, Carboxamides, Triazine, AMPA receptor antagonists, Carbamate, Hydantoin, Fatty Acid Derivative, GABA analogs, Valproylamides, Others (Propionates, Oxazolidinediones, etc.)), by Route of Administration (Enteral, Parenteral), by Indication (Epilepsy, Neuropathic pain, Anxiety, Fibromyalgia, Bipolar Disorder, Others (Borderline personality disorder, etc.)), by Distribution Channel (Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 6,757.8 Million in 2022 and is expected to exhibit a CAGR of 2.2% during the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.
Increasing adoption of inorganic strategies such as product approvals by regulatory authorities is expected to drive the global anticonvulsant drugs market over the forecast period. For instance, in August 2022, Unichem Laboratories., a pharmaceutical company, announced that they had received approval for Carbamazepine Tablets from the U.S. Food and Drug Administration. Carbamazepine tablet is a generic version of Tegretol, which is an anticonvulsant drug used to treat symptoms of epilepsy, trigeminal neuralgia, and bipolar mania.
Global Anticonvulsant Drugs Market– Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdowns in several regions. Private healthcare is one such sector that has been significantly impacted by the COVID-19 pandemic.
Many patients with COVID-19 have severe respiratory infection that requires hospitalization and mechanical ventilation. However, the COVID-19 pandemic had a positive impact on the global anticonvulsant drugs market. For instance, in June 2020, according to the data published by National Center for Biotechnology Information, people with epilepsy are more likely to be infected by COVID-19 than other individuals. This is due to drug-drug interaction that could pose significant challenges and cardiac, hepatic, or renal problems, which may happen in patients with severe COVID-19 and also may require adjustment of antiepileptic drugs. Hence, drug-drug interactions and adverse drug reactions of anti-epileptic drugs and anti-COVID-19 therapies could pose significant therapeutic challenges.
Global Anticonvulsant Drugs Market: Key Developments
Ongoing research and development by key market players is expected to drive the anticonvulsant drugs market over the forecast period. For instance, in May 2021, Jazz Pharmaceuticals, Inc., a pharmaceutical company, started a clinical trial to evaluate the safety, tolerability, and pharmacokinetics of GWP42003-P used to treat seizures. This trial is expected to complete in July 2024.
Browse 44 Market Data Tables and 46 Figures spread through 170 Pages and in-depth TOC on “Global Anticonvulsant Drugs Market”- Forecast to 2030, Global Anticonvulsant Drugs Market, by Drug Class (Barbiturates, Benzodiazepines, Aromatic allylic alcohols, Carboxamides, Triazine, AMPA receptor antagonists, Carbamate, Hydantoin, Fatty Acid Derivative, GABA analogs, Valproylamides, Others (Propionates, Oxazolidinediones, etc.)), by Route of Administration (Enteral, Parenteral), by Indication (Epilepsy, Neuropathic pain, Anxiety, Fibromyalgia, Bipolar Disorder, Others (Borderline personality disorder, etc.)), by Distribution Channel (Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/anticonvulsants-market-2516
Adoption of inorganic strategies such as acquisition by key market players is expected to drive the global anticonvulsant drugs market. For instance, in December 2021, Neuropathix, Inc., a pharmaceutical company, announced that they had acquired neuroprotective and anticonvulsant small-molecule drug technology from Advanced Neural Dynamics, Inc., a drug discovery company, and Fox Chase Chemical Diversity Center, Inc., a medicinal chemistry company. This acquisition will enable Neuropathix, Inc. to further characterize and develop anticonvulsant drugs which are designed to treat refractory epilepsy and neuropathic pain.
Key Takeaways of the Global Anticonvulsant Drugs Market:
- The global anticonvulsant drugs market is expected to exhibit a CAGR of 2.2% during the forecast period due to ongoing research and development by the key players over the forecast period. For instance, in March 2022, UCB S.A., a pharmaceutical company, started a clinical trial to investigate the long-term safety, tolerability, and efficacy of brivaracetam in pediatric participants with childhood absence epilepsy (CAE) or juvenile absence epilepsy (JAE). This trial is expected to complete in June 2027.
- Among indications, epilepsy is estimated to hold a dominant position in the global anticonvulsant drugs market over the forecast period due to ongoing research and development by key market players. For instance, in March 2021, Xenon Pharmaceuticals Inc., a biotech company, started a clinical trial to investigate the potential antiseizure effects of adjunctive XEN496 (ezogabine), potassium channel opener, a proprietary pediatric formulation of the active ingredient ezogabine used for the treatment of KCNQ2 developmental and epileptic encephalopathy (KCNQ2-DEE), which is expected to complete in December 2023.
- Among regions, North America is estimated to account for the largest market share in the global anticonvulsant drugs market over the forecast period. For instance, in May 2020, SK Life Science, Inc., a pharmaceutical company, announced that the XCOPRI (cenobamate tablets) is now available in U.S. for the treatment of partial-onset seizures in adults, also known as focal-onset seizures, which is often difficult to control the situation.
- Major players operating in the global anticonvulsant drugs market include Novartis AG, GSK plc., Johnson & Johnson, Teva Pharmaceutical Industries Ltd., Pfizer, Inc., Zogenix, Dr. Reddy’s Laboratories Ltd., Alkem Labs, SK BIOPHARMACEUTICALS, Eisai Co., Ltd, Angelini S.p.a., Sun Pharmaceutical Industries Ltd., UCB S.A., Unichem Laboratories, Jazz Pharmaceuticals, Inc., Neuropathix, Inc., Xenon Pharmaceuticals, Inc., SK Life Science, Inc., Sumitomo Pharma Co., Ltd, and Bausch Health Companies Inc.
