Press release
Pregabalin Market to Witness Robust Expansion by 2029
Pregabalin Market is anticipated to grow at a significant CAGR during the forecast period. Pregabalin is a medication that is used to treat epilepsy and anxiety. It is also used to treat nerve pain that can be caused by different conditions including diabetes and shingles, or an injury. The major factor driving the demand for the global pregabalin market during the forecast period is the increasing prevalence of epilepsy across the globe. Moreover, the market is also growing due to the growing geriatric population coupled with the increasing prevalence of diabetes as well as neuropathic pain among people globally.According to the World Health Organization (WHO), in 2019, epilepsy is one of the most common neurological diseases globally with around 50 million people diagnosed with it. Additionally, almost 80% of people with epilepsy live in low and middle-income countries and up to 70% of people living with epilepsy could live seizure-free if properly diagnosed and treated. However, the risk of mortality is three times higher in people with epilepsy than in the general population. Hence the rising prevalence of epilepsy is driving the demand for pregabalin for treatment which in turn is boosting its market growth.
Some major players in the market include Pfizer Inc., Teva Pharmaceutical Industries Ltd., and Cipla Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in December 2020, Sawai announced the launch of the first generic version of the Lyrica pregabalin brand in Japan.
To Request a Sample of our Report on Pregabalin Market: https://www.omrglobal.com/request-sample/pregabalin-market
Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Pfizer Inc., Teva Pharmaceutical Industries Ltd., and Cipla Ltd., among others.
Pregabalin Market Report by Segment
By Type
Capsules
Oral Solutions
Others
By Application
Epilepsy
Neuropathic Pain
Anxiety Disorder
Others
A full Report of Pregabalin Market is Available @ https://www.omrglobal.com/industry-reports/pregabalin-market
Pregabalin Market Report by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East & Africa
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Media Contact:
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Contact Person: Mr. Anurag Tiwari
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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