Market Trends of Pregabalin Industry
Neuropathic Pain Application Segment is Expected to Occupy Significant Share in the Market During the Forecast Period
Neuropathic pain is a type of pain that is frequently persistent, and it typically results from a chronic, progressive nerve illness. However, it can also be brought on by an injury or an infection. An incident or injury does not frequently bring on the discomfort associated with neuropathic pain. Instead, the body sends pain signals to your brain unprompted. The primary causes of neuropathic pain include neuropathic pain diseases, multiple sclerosis, multiple myeloma, diabetic neuropathy, and others, along with injury or infection.
Pregabalin is used to reduce neuropathic pain by blocking the pain signals; thus, with the rising burden of neuropathic pain and its risk factors, the demand for pregabalin is expected to grow, propelling growth in the segment over the forecast period. For instance, according to a review study published in February 2022 in Cureus, about 3-17% of the general population suffers from neuropathic pain, and neuropathy can contribute to chronic pain and be a component of mixed pain syndromes. Hence, the high burden of patients with neuropathic pain is expected to boost the segment's growth during the forecast period.
Further, the rising burden of risk factors for neuropathic pain, like diabetes, is expected to have a crucial impact on the growth of the neuropathic pain segment. For instance, according to the September 2021 report of the International Diabetes Federation, about 537 million adults aged 20-79 years were living with diabetes in 2021, and the total number of people living with diabetes is projected to rise to 643 million in next seven years and 783 million in next 22 years.
Moreover, as per the article published in UpToDate in December 2022, diabetic polyneuropathy is the most common neuropathy across many regions worldwide. Furthermore, approximately 50 per cent of patients with diabetes will eventually develop neuropathy. Therefore, the rising population of diabetes, along with the rising diabetic population, is anticipated to drive the segment growth.
Therefore, the rising prevalence of diabetes and neuropathic pain will drive the segment growth.
North America is Expected to Hold a Significant Share in the Market Over the Forecast Period
North America is expected to have significant market growth over the forecast period.
The factors driving the growth are attributed to the growing prevalence of epilepsy and related diseases, the rising geriatric population, the strong foothold of key market players, and the availability of pregabalin in the region.
The high prevalence of epilepsy in the United States is anticipated to drive the market growth. For instance, according to the National Institute of Neurological Disorders and Stroke data reviewed on April 2023, in the United States, 2.3 million people and more than 450,000 kids and teenagers suffer from epilepsy. An estimated 150,000 people receive an epilepsy diagnosis each year. Such a huge prevalence of epilepsy is anticipated to increase the adoption of pregabalin to reduce abnormal brain activity, driving market growth in the region.
Similarly, according to the September 2021, report of Statistics Canada, approximately one in four (25%) Canadians aged 18 and older screened positive for symptoms of depression, anxiety, or posttraumatic stress disorder (PTSD) in spring 2021, up from one in five (21%) in fall 2020. Hence, the demand for pregabalin is expected to increase in the region, and the market is anticipated to grow over the forecast period.
Further, the new product approvals in the country and their launch are expected to boost pregabalin market growth over the forecast period. The United States Food and Drug Administration (USFDA) approved Zydus' Pregabalin Capsules of strength 25 mg, 50 mg, 75 mg, 100 mg, 150 mg, 200 mg, 225 mg, and 300 mg. The approval of drugs in the United States is anticipated to contribute to the market growth in the region.
Therefore, due to factors such as the rising prevalence of neurological disorders and key initiatives adopted by market players, the North American region is expected to occupy a significant share of the pregabalin market over the forecast period.
