Pregabalin Market size is forecast to reach $890 Million by 2025, growing at a CAGR of 3.67% during the forecast period 2020-2025. Pregabalin, marketed under the brand name Lyrica among others, is a medication used to treat epilepsy, neuropathic pain, fibromyalgia, restless leg syndrome, and generalized anxiety disorder. Its use in epilepsy is as an add-on therapy for partial seizures. When used before surgery, it reduces pain but results in greater sedation and visual disturbances. Pregabalin dosage is usually oral. Rising prevalence of diabetes, HIV, cancer, epilepsy, fibromyalgia, and other such disorders among the geriatric population suffering from neuropathic diabetes and major technological advancements in the manufacturing process of pregabalin has resulted in a surge in demand of Pregabalin across the globe. Major healthcare investments by big firms and various product launches by key glove manufacturers like Cipla Limited are some other factors driving the growth of the market. Pregabalin Market Analysis is based on application, end user and geography.
Application - Segment Analysis
Epilepsy held the largest share in the application segment of Pregabalin Market in 2019 and is estimated to grow at a CAGR of 4.03% during the forecast period 2020-2025. It is estimated that about 1.2 percent of U.S. people have active epilepsy. This comes out to about 3.4 million people nationwide — and more than 65 million globally. The demand for proper treatment of epilepsy is driving growth of this segment. Neuropathic Pain segment secured the second largest share in 2019. The prevalence of likely neuropathic pain is 1.9% (S-LANSS) and 3.4% (DN4) and that of possible neuropathic pain is 5.8% (S-LANSS) and 8.1% (DN4). Pregabalin is required for neuropathic pain owing to its relative reliability, easy use, and high tolerance in patients with neuropathic pain. As a successor of gabapentin, pregabalin has been shown to be effective in several models of neuropathic pain, incisional injury, and inflammatory injury. Epilepsy is set to be the fastest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025, owing to increase in its treatment using pregabalin and innovation of better technological treatment using pregabalin.
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End User - Segment Analysis
Pharmaceutical companies hold the major share in the end user segment of Pregabalin Market in 2019. The US Food and Drug Administration (FDA) has approved nine generic versions of Pfizer’s nerve pain drug Lyrica (pregabalin), which are the first generics approved for the medication. Increased cases of diseases like epilepsy has resulted in demand for their proper treatment, particularly in the form of pregabalin. New medications have been developed by various pharmaceutical companies and are used to regulate neuropathic pain caused by diabetic peripheral neuropathy. Furthermore, they can also manage symptoms of postherpetic neuralgia, fibromyalgia and neuropathic pain related to spinal cord injury. Pharmaceutical companies’ segment is poised to continue dominating the market with the highest CAGR during the forecast period 2020-2025, owing to increasing investment in manufacturing and research and developments of products of Disposable Medical Examinations Market.
Geography - Segment Analysis
North America dominates the geography segment of Pregabalin Market with a share of more than 38.6% in 2019, followed by Europe. Growing prevalence of diseases like neuropathic diabetes and HIV among the geriatric population has resulted in great demand of pregabalin. A large American study estimated that 47% of patients with diabetes have some peripheral neuropathy. Neuropathy is estimated to be present in 7.5% of patients at the time of diabetes diagnosis. More than half of cases are distal symmetric polyneuropathy. Focal syndromes such as carpal tunnel syndrome (14-30%), radiculopathies/plexopathies, and cranial neuropathies account for the rest. Presence of well-developed healthcare infrastructure and presence of key market players have further fuelled the market growth in this region. Europe held the second largest share in 2019, owing to presence of a well-developed healthcare sector and rapid development of drug industry in recent years.
Asia-Pacific is estimated to grow at the fastest rate at a higher CAGR during the forecast period 2020-2025. This is owing to growing prevalence of diseases like neuropathy and HIV among the geriatric population and entry of new market players in this region.
Drivers – Pregabalin Market
Rapidly growing incidences of diseases like epilepsy and cancer
Epilepsy is a chronic non-communicable disease of the brain that affects people of all ages. Around 50 million people worldwide have epilepsy, making it one of the most common neurological diseases globally. Early 80% of people with epilepsy live in low- and middle-income countries. The number of new cases of cancer (cancer incidence) is 439.2 per 100,000 men and women per year (based on 2011–2015 cases). The number of cancer deaths (cancer mortality) is 163.5 per 100,000 men and women per year (based on 2011–2015 deaths). Prevalence of these diseases are projected to drive the market growth during the forecast period 2020-2025.
Increasing awareness about health
Recent investments have been made for health condition management, and consumers are looking for better treatment options that would help them treat or prevent specific conditions. The second concern is around healthcare management. At the time, consumers were very much in a reactive mode to their approach.
Challenges – Pregabalin Market
Stringent government regulations on manufacture and sales of pregabalin
In recent years, various health concerns have resulted in government coming up with regulatory procedures and taxes on manufacturing and distribution of Pregabalin in the drug market. This is set to drive the market growth during the forecast period 2020-2025.
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Pregabalin Market Outlook
Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Pregabalin Market. Pregabalin Market revenue is primarily generated by manufacturing and distribution by the key market players. In 2019, Pregabalin Market share is consolidated by the top players present in the market. Pregabalin Market top 10 companies are Pfizer Inc., Torrent Pharmaceuticals Ltd, Lupin Limited, Zydus Cadila Healthcare Ltd, Cipla Limited, Genesis Remedies, Sanofi, Medley Pharmaceuticals Limited, Genesis Biotec Inc and Biomax among others.
Acquisitions/Product Launches
In October 2017, U.S. FDA approved Lyrica® CR (Pregabalin) extended-release tablets CV.
In December 2017, Zydus Pharmaceuticals (USA) Inc received tentative approval from the US health regulator to market pregabalin capsules, used for the management of certain kinds of seizures, nerve pain and fibromyalgia.
In July 2019, InvaGen Pharmaceuticals Inc. (Ciplas wholly owned step-down subsidiary) received final approval for generic version of Pfizer Lyrica.
Key Takeaways
North America dominated the Pregabalin Market in the year 2019 owing to growing prevalence of diseases like neuropathic diabetes and HIV among the geriatric population, presence of well-developed healthcare infrastructure and presence of key market players. The Pregabalin Market scope for different regions will be provided in the final report.
Rapidly growing incidences of diseases like epilepsy and cancer, as well as increasing awareness about health have helped in significant growth of Pregabalin Market. Innovation and progress of Pregabalin manufacture and increase in research and development of drugs by the key market players of the Pregabalin Industry in upcoming years is estimated to drive the industry growth during the forecast period 2020-2025.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Pregabalin Market Research report.
Stringent government regulations on manufacture and sales of pregabalin in many regions and competition from various biosimilars is anticipated to hamper the market growth of the Pregabalin Industry.
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The Global Pregabalin Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Pregabalin Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/42256-pregabalin-market-reportThe report also covers the complete competitive landscape of the global Pregabalin market with company profiles of key players such as: Pfizer Inc.Torrent Pharmaceuticals Ltd.Lupin LimitedZydus Cadila Healthcare Ltd.Cipla LimitedGenesis RemediesSanofiMedley Pharmaceuticals LimitedGenesis Biotec Inc.BiomaxThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By TypeEpilepsyNeuropathic PainFibromyalgiaGeneralized Anxiety DisorderBy ApplicationResearch InstitutesPharmaceutical CompaniesOthers (Hospitals and Clinics)By Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Pregabalin Market @ https://www.decisiondatabases.com/contact/download-sample-42256The Global Pregabalin Market has been exhibited in detail in the following chapters –Chapter 1 Pregabalin Market Preface Chapter 2 Executive SummaryChapter 3 Pregabalin Industry AnalysisChapter 4 Pregabalin Market Value Chain AnalysisChapter 5 Pregabalin Market Analysis By TypeChapter 6 Pregabalin Market Analysis By ApplicationChapter 7 Pregabalin Market Analysis By GeographyChapter 8 Competitive Landscape Of Pregabalin CompaniesChapter 9 Company Profiles Of Pregabalin IndustryPurchase the complete Global Pregabalin Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-42256Other Reports by DecisionDatabases.com:Global Bronchitis Drug Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Meningioma Drug Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Seborrhea Drugs Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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Global Pregabalin Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 – DecisionDatabases.comThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the COVID-19 Impact and Recovery on this industry.Browse the complete Global Pregabalin Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/42256-pregabalin-market-reportThe report also covers the complete competitive landscape of the global Pregabalin market with company profiles of key players such as: Pfizer Inc.Torrent Pharmaceuticals Ltd.Lupin LimitedZydus Cadila Healthcare Ltd.Cipla LimitedGenesis RemediesSanofiMedley Pharmaceuticals LimitedGenesis Biotec Inc.BiomaxThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By TypeEpilepsyNeuropathic PainFibromyalgiaGeneralized Anxiety DisorderBy ApplicationResearch InstitutesPharmaceutical CompaniesOthers (Hospitals and Clinics)By Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Pregabalin Market @ https://www.decisiondatabases.com/contact/download-sample-42256The Global Pregabalin Market has been exhibited in detail in the following chapters – Chapter 1 Pregabalin Market Preface Chapter 2 Executive Summary Chapter 3 Pregabalin Industry Analysis Chapter 4 Pregabalin Market Value Chain Analysis Chapter 5 Pregabalin Market Analysis By Type Chapter 6 Pregabalin Market Analysis By Application Chapter 7 Pregabalin Market Analysis By Geography Chapter 8 Competitive Landscape Of Pregabalin Companies Chapter 9 Company Profiles Of Pregabalin IndustryPurchase the complete Global Pregabalin Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-42256Other Reports by DecisionDatabases.com:Global Bronchitis Drug Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Meningioma Drug Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Seborrhea Drugs Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027About-Us: DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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The Global PVC Window Profile Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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The Global Polyvinyl Alcohol Fibers Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1039Clinical trials in terms of application is expected to hold the largest market share in the cognitive assessment and training market during the forecast periodClinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes.
The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.
The market is expected to contribute the highest revenue for vendors offering clinical trials.Education vertical is expected to grow at the highest CAGR in the marketCognitive assessment solutions and services are used in the education vertical for screening prospective candidates for schools or colleges.
The leading cognitive assessment and training vendors for this vertical are Pearson Assessment and CogniFit.North America is expected to contribute to the largest market share and Asia-Pacific to grow at the highest CAGRNorth America is expected to hold the largest market share and to dominate the cognitive assessment and training market from 2016 to 2021, due to the increasing awareness among population about adopting medication for cognitive diseases.
The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.
The new report on the Cutlery market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2015 – 2019.
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The key regions comprise the following geographical segments:North America (U.S., Canada)Latin America (Brazil, Mexico, Argentina, Rest of Latin America)Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)East Asia (China, Japan, South Korea)JapanAPEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.
Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
