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Gabapentin Market Analysis: Key Trends and Growth Drivers

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Steve Anderson
Gabapentin Market Analysis: Key Trends and Growth Drivers

The global gabapentin market size is expected to reach USD 3.07 billion by 2030, expanding at a CAGR of 5.35% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to the rising usage of gabapentin for neuropathic pain and the increasing incidence of associated diseases such as epilepsy globally. The other key growth driver is the rising geriatric population which is more to epilepsy and conditions such as neuropathic pain.

Gabapentin Market Report Highlights

·        The capsule segment dominated the market in 2022, due to the ease of access to the capsule form of the drug

·        The generic segment is expected to showcase the fastest CAGR over the forecast period, owing to increased preference for generic drugs over branded products globally, majorly due to cost-effectiveness

·        The hospitals segment dominated the market in 2022, due to the ease of availability of treatment in hospital settings

·        North America held the largest market share in 2022 which can be attributed to the increasing prevalence of associated diseases such as epilepsy and neuropathic pain among the population along with growing investments to provide effective treatment

Gain deeper insights on the market and receive your free copy with TOC now @: Gabapentin Market Report

The growing demand for generics in the market is creating an opportunity for major generic players, however, the opportunity is more lucrative in the lower and middle-income nations due to the high preference for these drugs. Moreover, developed regions such as North America and Europe are further making policy changes to reduce the burden on the healthcare system by promoting the use of generics such as gabapentin.

Gabapentin is majorly available in three dosage forms, namely, tablet, capsule, and oral solution. The capsules segment held the largest market share in 2022, owing to the presence of major branded products and the ease of availability. Due to the discovery that gabapentin carries a risk of addiction and overdose, some nations have scrutinized its usage and placed limitations on it. Long-term growth for gabapentin may be impacted by such discoveries, which may push drugmakers to concentrate on creating safer and more potent painkillers.

North America is expected to dominate the market over the forecast period, due to a developed healthcare system that facilitates the adoption of drugs such as gabapentin. However, other regions such as Asia Pacific are growing at a faster rate attributable to the presence of key generic players and the rising awareness about the adoption of pharmaceutical treatments for diseases over traditional therapies, majorly used in Asian countries.

Some of the key competitors in the gabapentin industry include Sun Pharmaceutical Industries Ltd.; Ascend Laboratories, LLC; Apotex Inc.; Teva Pharmaceutical Industries Ltd.; Arbor Pharmaceuticals, Inc.; and Pfizer Inc. The downfall of branded products is leading to the shift of competition toward generic products. This is increasing the competitive rivalry due to increased marketplace saturation of players and products.

For More Details or Sample Copy please visit link @: https://www.grandviewresearch.com/industry-analysis/gabapentin-market-report/request/rs1

Segmented the global gabapentin market based on dosage form, type, application, distribution channel, and region:

Gabapentin Dosage Form Outlook (Revenue, USD Million, 2018 - 2030)

·        Tablet

·        Capsule

·        Oral Solution

Gabapentin Type Outlook (Revenue, USD Million, 2018 - 2030)

·        Generic

·        Branded

Gabapentin Application Outlook (Revenue, USD Million, 2018 - 2030)

·        Epilepsy

·        Neuropathic Pain

·        Restless Legs Syndrome

·        Others

Gabapentin Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

·        Hospital Pharmacy

·        Retail Pharmacy

·        Online Pharmacy

Gabapentin Regional Outlook (Revenue, USD Million, 2018 - 2030)

·        North America

o   U.S.

o   Canada

·        Europe

o   U.K.

o   Germany

o   France

o   Italy

o   Spain

o   Denmark

o   Sweden

o   Norway

o   Rest of Europe

·        Asia Pacific

o   Japan

o   China

o   India

o   Australia

o   South Korea

o   Thailand

o   Rest of Asia Pacific

·        Latin America

o   Brazil

o   Mexico

o   Argentina

o   Rest of Latin America

·        Middle East and Africa

o   South Africa

o   Saudi Arabia

o   UAE

o   Kuwait

o   Rest of Middle East and Africa

List of Key Players in the Gabapentin Market

·        Zydus Pharmaceuticals, Inc.

·        Glenmark Pharmaceuticals Limited

·        Sun Pharmaceutical Industries Ltd.

·        Ascend Laboratories, LLC

·        Apotex Inc.

·        Teva Pharmaceutical Industries Ltd.

·        Aurobindo Pharma.

·        Amneal Pharmaceuticals LLC.

·        Cipla USA, Inc.

·        BP Pharmaceuticals Laboratories Company

·        Assertio Holdings, Inc.

·        Arbor Pharmaceuticals, Inc.

·        Pfizer Inc.

Research Methodology

We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.

For Customized reports or Special Pricing please visit @: https://www.grandviewresearch.com/checkout/select-license/gabapentin-market-report

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

 

Contact:

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll-Free: 1-888-202-9519

Email: [email protected]

Web: https://www.grandviewresearch.com


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