Pregabalin Market Witnessing a Robust Growth With Impressive CAGR During Forecast Period 2023
Increase in a geriatric population suffering from neuropathic diabetes and the rise in prevalence of diabetes, HIV, cancer, epilepsy, fibromyalgia, and other such disorders are expected to drive the Pregabalin market.
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According to the Global Year Against Neuropathic Pain 2014-2015 report by International Association of the Study of Pain, around 7%8% of adults suffer from chronic pain with neuropathic characteristics. Furthermore, Pfizer's patent expiry of Lyrica (Pregabalin) in 2018 is anticipated to increase the market share of generic manufacturing companies in the UK.
However, stringent government regulations, lack of awareness about neuropathic pain, the presence of substitutes of Pregabalin such as gabapentin, and adverse drug effects hinder the market growth. High investment in developing nations is proving new opportunities for market players.
The Pregabalin market is segmented on the basis of application, end user, and geography. Based on application, the market is divided into epilepsy, neuropathic pain, fibromyalgia, and generalized anxiety disorder. Based on the end user, it is classified into research institutes, pharmaceutical companies, and others (hospitals and clinics). Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
• Pfizer Inc.
• Torrent Pharmaceuticals Ltd.
• Lupin Limited
• Zydus Cadila Healthcare Ltd.
• Cipla Limited
• Genesis Remedies
• Medley Pharmaceuticals Limited
• Genesis Biotec Inc.
• The study provides an in-depth analysis of the global Pregabalin market, with current trends and future estimations to elucidate the investment pockets.
• Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
• The report presents a quantitative analysis to help the stakeholders to capitalize on prevailing market opportunities.
• Extensive analysis of different segments facilitates to understand various products of the market.
• Key players are profiled and their strategies are analyzed thoroughly to predict the competitive outlook of the market.
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