What is Oxcarbazepine Drug Market Scope?
Oxcarbazepine is an anticonvulsant which mainly works by decreasing nerve impulses that cause seizure as well as pain. The molecular weight of oxcarbazepine is oxcarbazepine. This drug is also prescribed off-label to treat migraines, nerve pain, and some mood disorders such as bipolar disorder. It must be taken in higher doses in order to provide adequate pain control. It mainly uses four times a daily basis. The effective dose ranges from 600-1200 mg/day. The maximum dose is 2400 mg per day. Increasing demand for treatment of epilepsy and bipolar disorder are likely to be prime for market growth.
The Oxcarbazepine Drug market study is being classified by Type (Oxcarbazepine Tablet and Oral suspension), by Application (Adult and Pediatric) and major geographies with country level break-up. According to AMA, the Global Oxcarbazepine Drug market is expected to see growth rate of 4.9%
The oxcarbazepine drugs market is highly fragmented with the presence of various players operating in the market. The companies are exploring the oxcarbazepine drugs market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Oxcarbazepine Drug market throughout the predicted period.
Novartis International AG (Switzerland), Supernus Pharmaceuticals (United States), Apotex Inc. (Canada), West-Ward Pharmaceuticals (United States), Taro Pharmaceutical Industries Ltd. (United States), Glenmark Pharmaceuticals (India), Pharmaceuticals, Inc. (United States), Breckenridge Pharmaceutical (United States), Amneal Pharmaceuticals, Inc. (United States) and Teva Pharmaceutical Industries (Israel) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Sihuan Pharm (China) and Wuhan Humanwell Hi-tech Ind. Co., Ltd. (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Oxcarbazepine Drug market by Type, Application and Region.
On the basis of geography, the market of Oxcarbazepine Drug 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).
In September 2018, the Supernus Pharmaceuticals (United States) Company Wins Appeal on Oxtellar XR against Twi. Oxtellar XR is an antiepileptic drug which is used for the treatment of epilepsy. Hence, this will, in turn, propel the growth of oxcarbazepine drugs market.
Oxcarbazepine is FDA-approved for partial seizures in adults with epilepsy or partial seizures in children with epilepsy ages 4 to 16. This medication is useful as monotherapy or adjunctive to another medication for the management of seizures. Oxcarbazepine is also an option for bipolar disorder; however, this medication is not yet FDA-approved for bipolar disorder.
Influencing Market Trend
- Technology Advancement in Oxcarbazepine Drugs
Market Drivers
- Rising Demand for Treatment of Epilepsy and Bipolar Disorder
- Increasing Disposal Income among Middle-Class Families in Developing Countries
Opportunities
- Growing Demand from Emerging Market such as China, India, Brazil, among others
Restraints
- Issue related to Side Effect of Oxcarbazepine Drug such as Nausea, Vomiting, among others
Challenges
- Lack of awareness of Oxcarbazepine Drugs in some region
- High price of Oxcarbazepine Drugs
Key Target Audience
Oxcarbazepine Drugs Manufacturers, Government and Regulatory Bodies, Research Institute and Organization and Others
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.