Global Pregabalin Market – Industry Trends and Forecast to 2031

Global Pregabalin Market, By Dosage Forms (Oral Capsule, Oral Solution, Oral Tablet, Extended Release), Application (Epilepsy, Neuropathic Pain, Anxiety Disorder, Others), Drug Class (Fibromyalgia Agents, Anticonvulsants, Others), End-Users (Hospitals, Specialty Clinics, Homecare, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others) – Industry Trends and Forecast to 2031.

Pregabalin Market Analysis and Size

Pregabalin is an anticonvulsant medication that can be used to treat epilepsy, neuropathic pain, fibromyalgia, and generalized anxiety disorder. It works by reducing the pain signals delivered by injured nerves throughout the body. As per the International Association of the Study of Pain's Global Year against Neuropathic Pain 2014-2015 study, approximately 7% to 8% of adults suffer from chronic pain with neuropathic characteristics.

Data Bridge Market Research analyzes that the global pregabalin market which was USD 824.75 million in 2023, is likely to reach USD 1,088.56 million by 2031, and is expected to undergo a CAGR of 3.53% during the forecast period. “Oral” dominates the dosage form segment of the market due to rising demand of pregabalin oral dosage form. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Pregabalin Market Scope and Segmentation

Market Definition

Pregabalin is an anticonvulsant and anxiolytic medication used to treat epilepsy, neuropathic pain, fibromyalgia, restless leg syndrome, and generalized anxiety disorder. It's an epilepsy medication that's used to treat partial seizures. It functions by lowering nerve activity and lowering pain. Anti-epileptic medicines (AEDs) such as Lyrica (pregabalin) and Topamax (topiramate) are used to prevent epileptic seizures. Lyrica is also indicated to treat diabetic peripheral neuropathy, postherpetic neuralgia, and fibromyalgia neuropathic pain.

Pregabalin Market Dynamics

Drivers

• Rise in the Prevalence of Epilepsy

The surging prevalence of epilepsy is a major factor driving the pregabalin market's growth rate during the forecast period. According to the World Health Organization (WHO), an estimated 50 million people are living with epilepsy globally in 2019, with up to 75 percent of them living in resource-poor countries with little or no access to treatment or medical services. Furthermore, approximately 80% of people with epilepsy live in low- and middle-income nations. In the treatment of epilepsy, pregabalin stops seizures by reducing aberrant electrical activity in the brain.

• Extensive application of Lyrica

The growing application of Lyrica is anticipated to propel the market's growth rate. Lyrica (pregabalin) is a fibromyalgia drug approved by the US Food and Drug Administration. Fibromyalgia is a chronic illness that causes long-term, widespread muscle pain and soreness and sleeping difficulties and exhaustion. Lyrica is a drug used to treat nerve signals. Fibromyalgia affects over 4 million individuals in the United States, or about 2% of the adult population, according to the Centers for Disease Control and Prevention (CDC). The etiology of fibromyalgia is unknown, but it can be effectively treated and managed. Lyrica has long been used to treat nerve pain in shingles or diabetic neuropathy patients. The drug Lyrica is also used to treat partial seizures.

• Rising geriatric population

Neuropathic pain and certain anxiety disorders are more prevalent in the elderly population. With a growing global aging demographic, there is an increased demand for medications that address age-related health issues. Pregabalin's effectiveness in managing pain and anxiety makes it a valuable option for this demographic, thereby driving market growth.

• Growing investment in healthcare facilities

Surging focus on improving the condition of healthcare facilities and improving the overall healthcare infrastructure is another important factor fostering the growth of the market. The rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.  

Opportunities

• Research and development for new indications

Investing in research and development to explore new therapeutic indications for pregabalin could open up new markets and revenue streams. Identifying and validating additional medical conditions where pregabalin demonstrates efficacy could lead to expanded usage and increased market share.

• Strategic collaborations and partnerships

Collaboration between pharmaceutical companies, research institutions, and healthcare providers can create synergies and drive market growth. Partnerships for clinical trials, marketing initiatives, or distribution agreements can enhance the visibility and accessibility of pregabalin, particularly in regions with unmet medical needs.

Restraints

• Generic competition and patent expiry

The expiration of patents for branded pregabalin products can lead to increased competition from generic manufacturers. Generic alternatives are typically more affordable, which can negatively impact the market share and revenue of the original drug.

• Side effects and safety concerns

Pregabalin, like any medication, may have side effects, and concerns about its safety profile could pose a restraint. As more information becomes available about potential side effects or adverse reactions, healthcare providers and patients may become more cautious in prescribing and using pregabalin.

Challenges

• Intense competition and market saturation

The pregablin market has become highly competitive with the presence of established companies and new entrants. The saturation of the market could pose challenges for companies in terms of differentiation, pricing, and market share.

• Cost containment pressures

Healthcare systems worldwide are under pressure to contain costs, and this can affect the pricing and reimbursement of pharmaceuticals, including pregabalin. Payers may push for lower prices, impacting the revenue potential for manufacturers. Navigating pricing negotiations and demonstrating the value proposition of pregabalin in terms of efficacy and patient outcomes can be challenging.

This pregabalin market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pregabalin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In June 2023, Food and Drug Administration (FDA) approved SinoT’s ANDA application for PREGABALIN EXTENDED-RELEASE TABLETS 82.5 mg, 165 mg, and 330 mg for the treatment of neuropathic pain associated with diabetic peripheral neuropathy (DPN), and Postherpetic neuralgia (PHN)
• In April 2023, Pakistani pharmaceutical firm AGP Limited acquired a selected portfolio of products from American firm Viatris Inc. The portfolio includes many anti-depressants, including pregabalin, anti-hypertensive, and ophthalmology products

Global Pregabalin Market Scope

The pregabalin market is segmented on the basis of drug class, application, dosage forms, end-users, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

• Epilepsy
• Neuropathic Pain
• Anxiety Disorder
• Others

Drug Class

• Fibromyalgia Agents
• Anticonvulsants
• Others

Dosage Forms

• Oral Capsule
• 100 mg
• 150 mg
• 200 mg
• 225 mg
• 25 mg
• 300 mg
• 50 mg
• 75 mg
• Oral Solution
• 20 mg/mL
• Oral Tablet, extended release
• 165 mg
• 330 mg
• 82.5 mg

End-Users

• Hospitals

• Specialty Clinics
• Homecare
• Others

Distribution Channel

• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy
• Others

Pregabalin Market Regional Analysis/Insights

The pregabalin market is analyzed and market size insights and trends are provided by country, drug class, application, dosage forms, end-users and distribution channel as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, rest of Europe, Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, Saudi Arabia, South Africa, U.A.E., Israel, Egypt, and rest of Middle East and Africa.

North America is expected to dominate the market due to the presence of major key players and rising healthcare expenditure will further propel the market's growth rate in this region. In addition, an increase in the number of research and development activities will further propel the market's growth rate in this region.

Asia-Pacific is expected to grow during the forecast period due to the surging prevalence of convulsions and anxiety disorders in this region. Also, the development of healthcare infrastructure and rising geriatric population will further propel the market's growth rate in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The Pregabalin market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Pregabalin market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Pregabalin market. The data is available for historic period 2010-2020.

Competitive Landscape and Global Pregabalin Market Share Analysis

The pregabalin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pregabalin market.

Some of the major players operating in the pregabalin market are:

• Pfizer Inc. (U.S.)
• GlaxoSmithKline plc (UK)
• Novartis AG (Switzerland)
• Mylan N.V. (U.S.)
• Teva Pharmaceutical Industries Ltd. (Israel)
• Sanofi (France)
• F. Hoffmann-La Roche Ltd. (Switzerland)
• Aurobindo Pharma (India)
• Lupin (India)
• Zydus Cadila (India)
• Amneal Pharmaceuticals LLC. (U.S.)
• Cipla Inc. (U.S.)
• Torrent Pharmaceuticals Ltd. (India)
• Glenmark Pharmaceuticals Limited (India)
• Medley Pharmaceuticals Ltd. (India)
• Genesis Biotec Inc. (India)
• Biomax Pharmaceutical Company (UK)
• ZCL Chemicals Ltd. (India)
• Olon S.p.A. (Italy)
• HIKAL Ltd. (India)