The global anticonvulsants market size was USD 18.57 Billion in 2022 and is expected to register a revenue CAGR of 2.5% over the forecast period, according to the latest report by Reports and Data. Revenue growth of the market is expected to be driven by government programs that support drug development and marketing including funds and investments.
Individuals are more inclined to experience depression and other mental health disorders. They are also becoming much more health-conscious and have started realizing the importance of non-pharmaceutical, noninvasive therapies in the fight against such diseases. In comparison to more than 16% of females in the same age range, five males between the ages of 15 and 19 were reported by UNICEF to have a mental condition in Europe. Anxiety and stress account for more than half of the 9 million youngsters (10–19) who have mental health issues. Rising number of drug approvals by regulatory bodies is also leading to market expansion. For instance, on 24 March 2022, the pharmaceutical company Lupin announced that the Food and Drug Administration (FDA) had approved its Abbreviated New Drug Application (ANDA), Vigabatrin for Oral Solution USP (500 mg), which was intended to treat epilepsy.
Companies profiled in the global market report include Olympus Corporation., Intuitive Surgical, Brainlab AG, Asensus Surgical US, Inc., CMR Surgical Ltd., Avateramedical GmbH, Medtronic, B. Braun SE, Boston Scientific Corporation, and AKTORmed GmbH.
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The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2022-2032. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.
The Anticonvulsants Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Anticonvulsants Market.
Further key findings from the report suggest,
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For the purpose of this report, Reports and Data has segmented the global anticonvulsants market based on drug type, application, drug generation, dosage, end-use, and region:
Drug Type Outlook (Revenue, USD Billion; 2019-2032)
Application (Revenue, USD Billion; 2019-2032)
Drug Generation (Revenue, USD Billion; 2019-2032)
Dosage (Revenue, USD Billion; 2019-2032)
End-Use (Revenue, USD Billion; 2019-2032)
Regional Outlook (Revenue, USD Billion; 2019-2032)
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Key Advantages of Anticonvulsants Market Report:
Conclusively, all aspects of the Anticonvulsants Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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The post Global Anticonvulsants Market Size Hit USD 23.71 Billion at a CAGR of 2.5% in 2032 appeared first on Market O Graphics.