What is Phenytoin Market?
Phenytoin is an anticonvulsant or antiepileptic drug used to prevent and control seizures by reducing the spread of seizure activity in the brain. It helps in treating and preventing seizures that may begin during or after surgery to the brain or nervous system. It may also be used for the treatment of certain types of irregular heartbeats. The factors such as Increased Prevalence of Seizures among People and the Development of New Diagnostic Centres and Hospitals in Developing Regions are the key drivers for the global Phenytoin market. However, Side Effects of the Phenytoin such as Problems with Walking and Co-ordination, Slurred Speech, Confusion and Dizziness may hamper the market growth.
The market study is being classified by Type (Extend Release Capsule (100 mg, 200 mg and 300 mg), Immediate Release Capsule (30 mg and 100 mg), Chewable Tablet (50 mg), Oral Suspension (125 mg/5mL) and Injectable Solution (50 mg/mL)), by Application (Seizures, Irregular Heart Beats and Others) and major geographies with country level break-up.
Actavis Mid-Atlantic, LLC (United States), Pfizer pharmaceuticals Ltd (United States), Sun pharmaceutical industries Ltd (India), Wockhardt Ltd (India), Watson Laboratories, Inc. (United States), Pharmeral Inc (United States), APP Pharmaceuticals, LLC (United States), Baxter International Inc. (United States), Hospira (United States) and Mylan N.V. (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Phenytoin market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Phenytoin market by Type, Application and Region.
On the basis of geography, the market of Phenytoin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Prevalence of Seizures among People
- Development of New Diagnostic Centres and Hospitals in Developing Regions
Market Trend
- Increased Research and Development Investments
Restraints
- Side Effects of the Phenytoin such as Problems with Walking and Co-ordination, Slurred Speech, Confusion and Dizziness
Opportunities
- Growth in the Healthcare Industry Worldwide
- Investments by Major Players in the Market
Challenges
- Stringent Government Rules and Regulations
Key Target Audience
Phenytoin Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users