Anticonvulsants Market is likely to register a CAGR of 2.4% through 2033

Throughout the forecast period, the anticonvulsants market is expected to reinforce its position at a lower CAGR of 2.4%. The market is expected to generate US$ 25.17 billion in revenue in 2023, rising to US$ 31.91 billion by 2033. As per comprehensive research conducted by ESOMAR-certified consulting firm FMI, the global Anticonvulsants market is projected to witness robust growth during the forecast year 2023 to 2033. The report emphasizes on providing key insights into diverse features including demand, product developments, revenue generation, and sales in the Anticonvulsants market.

The study offers a detailed analysis of dynamics including driver, restraints, opportunities, and challenges, and also highlights their consequent impact on the market. The report also uncovers critical trends accelerating the sales across various market segments on the basis of (product type), (application), and (end user) for the coming decade.

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Advent of Telehealth and Virtual Care to Create Tailwind for the Anticonvulsants Market Growth

Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.

During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.

Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Anticonvulsants market.

Key Anticonvulsants Market Takeaways and Projections

  • The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
  • Germany Anticonvulsants market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
  • China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
  • India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.

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Report Benefits & Key Questions Answered

  • Anticonvulsants Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Anticonvulsants market. It also studies the impact of these dynamics on the market for the previous assessment period 2018 to 2022 to forecast the scope of market growth over the coming forecast period 2023 to 2033.
  • Anticonvulsants Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Anticonvulsants market. As per the survey, Anticonvulsants sales will project steady growth over the forecast period.
  • Anticonvulsants Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Anticonvulsants market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
  • Anticonvulsants Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.

Competitive Landscape Analysis

The latest study conducted by FMI provides in-depth insights into the global Anticonvulsants market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Anticonvulsants market.

Some of the prominent market players are profiled by FMI are:

Some of the key players, contributing to global anticonvulsants drug market, are Johnson & Johnson (J&J), Novartis AG, UCB Group, GlaxoSmithKline plc, Pfizer Inc., Abbott Laboratories, Cephalon Inc. and Shire plc. Pfizer has been estimated to cover the largest market share in the antiepileptic market, accounting for close to one-third of total revenues of the market with it two leading brands.

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Anticonvulsants Demand Analysis by Category

Based on product type, the anticonvulsants market is segmented as follows:

  • Barbiturates
  • Aldehydes
  • Benzodiazepines
  •  Aromatic allylic alcohols
  • Carboxamides
  • Bromides
  • Carbamates
  • Sulfonamides
  • Fructose derivatives
  • Pyrrolidines
  • Triazines
  • Fatty acids
  • Oxazolidinediones
  • Ureas
  • GABA analogs
  • Propionates
  • Hydantoins
  • Pyrimidinediones
  • Valproylamides (amide derivatives of valproate)
  • Others

Based on application, the anticonvulsants market is segmented as follows:

  • Epilepsy
  • Fibromyalgia
  • Migraine
  • Neuropathic pain
  • Bipolar disorder
  • Anxiety
  • Borderline personality disorder

Based on end user, the anticonvulsants market is segmented as follows:

  • Hospitals
  • Clinics
  • Ambulatory surgical clinics

 Region

  • North America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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