Gabapentin Market Overviews
The Gabapentin Market size was valued at USD 2.32 Bn. in 2023 and the total Global Gabapentin revenue is expected to grow at a CAGR of 5.4% from 2024 to 2030, reaching nearly USD 3.36 Bn. by 2030.
Gabapentin, a gamma-aminobutyric acid (GABA) analog, is a widely prescribed anticonvulsant and neuropathic pain medication. The global gabapentin market has seen substantial growth in recent years, driven by the increasing prevalence of neurological disorders, such as epilepsy, neuropathic pain, and restless leg syndrome. Gabapentin’s ability to modulate the activity of certain neurotransmitters and its favorable safety profile has contributed to its widespread adoption in various therapeutic areas, including the management of post-herpetic neuralgia, diabetic neuropathy, and fibromyalgia.
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Gabapentin Market Scope and Methodology:
The gabapentin market has witnessed substantial growth, primarily driven by its increasing application in neuropathic pain treatment. As the global incidence of neuropathic pain rises, attributed to factors such as an aging population and a high prevalence of chronic diseases, the demand for effective treatment options like gabapentin is escalating. Approximately 7% to 10% of the general population suffers from neuropathic pain, with this figure expected to climb to 20% to 30% among individuals with diabetes in the U.K. This surge underscores the pharmaceutical industry’s focus on developing and distributing gabapentin to meet growing healthcare needs. The availability of generic versions has significantly enhanced accessibility, making this crucial medication more affordable and broadening its market reach.
Gabapentin Market Regional Insights
North America dominated the gabapentin industry with the largest revenue share in 2023 and is expected to maintain its dominant position, in terms of share, throughout the forecast period. North America stands as the leading market for gabapentin, showcasing robust growth and market dominance driven by factors such as the increasing prevalence of neuropathic pain conditions, rising awareness about gabapentin’s therapeutic benefits, and advancements in drug delivery systems. The medication is used to treat anxiety, bipolar disorder, nausea, and other off-label indications. It is high in demand in the United States and Canada from this region
GabapentinMarket Segmentation
Based on the Route of Administration, the oral segment held the largest market share in the Gabapentin Market in 2023. According to the SMR analysis, the segment is expected to grow during the forecast period and maintain its dominance till 2030. The oral route of administration emerges as the leading segment in the gabapentin market, dominating in terms of usage and revenue generation. This preference for oral administration is attributed to several factors, including patient convenience, ease of administration, and the availability of various oral formulations of gabapentin.
Gabapentin Market Key Players
Pfizer Inc. (U.S.)
Teva Pharmaceutical Industries Ltd. (Israel)
Hikma Pharmaceuticals PLC (Jordan)
Sun Pharmaceutical Industries Ltd. (India)
Aurobindo Pharma Limited (India)
Dr. Reddy’s Laboratories Ltd. (India)
Lupin Limited (India)
Torrent Pharmaceuticals Ltd. (India)
Glenmark Pharmaceuticals Ltd. (India)
Zydus Cadila (India)
Cipla Ltd. (India)
Alembic Pharmaceuticals Limited (India)
Jubilant Life Sciences Limited (India)
Laurus Labs Limited (India)
Accord Healthcare Inc. (U.K.)
Apotex Inc. (Canada)
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Key questions answered in the Gabapentin Market are:
- What is Gabapentin ?
- What was the Gabapentin market size in 2023?
- What is the growth rate of the Gabapentin Market?
- Which are the factors expected to drive the Gabapentin market growth?
- What are the different segments of the Gabapentin Market?
- What growth strategies are the players considering to increase their presence in Gabapentin ?
- What are the upcoming industry applications and trends for the Gabapentin Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Gabapentin Market?
- Who are the leading companies and what are their portfolios in Gabapentin Market?
- What segments are covered in the Gabapentin Market?
- Who are the key players in the Gabapentin market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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