How Has The Anticonvulsants Market Size Evolved In Recent Years?
The anticonvulsants market has seen considerable growth due to a variety of factors.
•The market for anticonvulsants has seen consistent growth in recent years. The market is predicted to grow from a value of $18.85 billion in 2024 to reach $19.44 billion in 2025, indicating a compound annual growth rate (CAGR) of 3.1%.
The growth experienced in the history of the market can be linked to factors such as the increased occurrence of epilepsy, advancements in diagnostic techniques, broadening indications, a shift towards personalized medicine, and enhanced awareness and education.
What Is The Projected Growth Of The Anticonvulsants Market?
The anticonvulsants market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are for the anticonvulsants market size to grow continuously in the ensuing years, reaching a value of "$22.72 billion by 2029, expanding at a compound annual growth rate (CAGR) of 4.0%.
The growth during the forecast period can be ascribed to rising incidences of epilepsy, wider applications in neuropsychiatry, the emergence of new anticonvulsant agents, increased emphasis on mental health, and global health initiatives. Key trends predicted for this period comprise of pediatric applications and formulations, transitioning towards extended-release formulations, increased uptake of generic variants, fusion with digital health solutions, and investigations regarding neuroprotective effects.
What Are The Key Drivers Fueling Growth In The Anticonvulsants Market?
The anticonvulsants market is projected to expand as the prevalence of epilepsy increases. Epilepsy, a common brain disorder that often induces seizures, is a chronic, noncommunicable disease that can affect individuals of all ages, and anticonvulsants are medications that help suppress these seizures. They operate by blocking the abnormal electrical activity in the brain that induces seizures, thus aiding in the management of epilepsy symptoms, even if they are not a definitive cure for the disease. The World Health Organization, the Switzerland-based United Nations agency in charge of public health, estimated in February 2023 that approximately 5 million individuals are diagnosed with epilepsy worldwide each year. With an estimated 49 per 0.1 million people diagnosed with the disorder each year in high-income countries, and up to 139 per 0.1 million in low- to middle-income nations. Therefore, the growing incidence of epilepsy is a vital driving factor in the growing demand for anticonvulsants moving ahead.
What Are The Principal Market Segments In The Global Anticonvulsants Industry?
The anticonvulsants market covered in this report is segmented –
1) By Type: Pyrimidinediones, Benzodiazepines, Fructose Derivatives, Aromatic Allylic Alcohols, Valproylamides, Carboxamides, Bromides, Other Types
2) By Drug Generation: First Generation, Second Generation, Third Generation
3) By Dosage: Capsule, Tablet, Cream, Liquid, Rectal Gel, Other Dosages
4) By Application: Migraine, Epilepsy, Neuropathic Pain, Anxiety, Fibromyalgia, Bipolar Disorder, Borderline Personality Disorder
5) By End-User: Hospitals, Clinics, Other End-Users
Subsegments:
1) By Pyrimidinediones: Stiripentol
2) By Benzodiazepines: Clonazepam, Diazepam, Lorazepam
3) By Fructose Derivatives: S-licarbazepine, Other Fructose Derivatives
4) By Aromatic Allylic Alcohols: Felbamate, Other Aromatic Allylic Alcohols
5) By Valproylamides: Valproic Acid, Divalproex Sodium
6) By Carboxamides: Lamotrigine, Other Carboxamides
7) By Bromides: Potassium Bromide, Sodium Bromide
8) By Other Types: Topiramate, Zonisamide, Ethosuximide
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Which Emerging Market Trends Are Altering The Anticonvulsants Sector?
The trend of product innovation is becoming increasingly prominent in the anticonvulsants market. In a bid to consolidate their place and achieve a competitive edge, primary firms engaged in the anticonvulsants market are concentrating on creating innovative solutions. For example, Lupin Limited, a pharmaceutical firm headquartered in India, unveiled a novel abbreviated drug application in December 2022, Rufinamide tablets USP in both 200 mg and 400 mg. This anticonvulsant medication is combined with other drugs to manage seizures in patients suffering from a severe type of epilepsy known as Lennox-Gastaut syndrome. This condition typically starts in childhood and leads to a variety of seizures, behavioral issues, and developmental delays.
Who Are the Key Players in the Anticonvulsants Market?
Major companies operating in the anticonvulsants market include:
• Eisai Co Ltd.
• GlaxoSmithKline plc
• Pfizer Inc.
• Johnson & Johnson Services Inc .
• Novartis AG
• Jazz Pharmaceuticals Inc.
• UCB SA
• Teva Pharmaceutical Industries Ltd.
• Sunovion Pharmaceuticals Inc.
• Sanofi SA
• Zydus Lifesciences Ltd.
• Lupin Limited
• Ratiopharm Group
• Kannalife Inc.
• AbbVie Inc.
• Sun Pharmaceutical Industries Ltd.
• Cipla Limited
• Mylan N.V.
• Aurobindo Pharma Limited
• Dr. Reddy's Laboratories Ltd.
• Torrent Pharmaceuticals Ltd.
• Hikma Pharmaceuticals plc
• AstraZeneca plc
• Glenmark Pharmaceuticals Limited
• Laurus Labs Limited
• Biocon Limited
• Recordati S.p.A.
• Neurocrine Biosciences Inc.
What are the Regional Insights into the Anticonvulsants Market?
North America was the largest region in the anticonvulsants market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global anticonvulsants market report during the forecast period. The regions covered in the anticonvulsants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
