Published Date: 28-Feb-2023
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According to a new report, published by KBV research, The Global Dystonia Drugs Market size is expected to reach $1.1 billion by 2028, rising at a market growth of 5.4% CAGR during the forecast period.
The Hospital Pharmacies segment is showcasing a CAGR of 5.9% during (2022 - 2028). The growth is attributed to rising dystonia awareness and rising healthcare spending globally. The disease substantially influences the quality of life; hence, it attracts the attention of patients, their families, and health professionals. In addition, hospital pharmacies are primarily responsible for managing the use of pharmaceuticals in hospitals and other medical facilities. Hence, the work done by hospital pharmacies, like optimizing patient outcomes, and objectives like the selection, prescription, procurement, delivery, administration, and review of drugs to enhance patient’s outcome will boost the segment's expansion.
The Oral segment acquired maximum revenue share in the Global Dystonia Drugs Market by Route of Administration in 2021 thereby, achieving a market value of $837.3 Million by 2028. This is due to the drugs' high permeability, drug solubility, environmental stability in the gastrointestinal tract, and cost-effectiveness. oral route of drug administration is considered to be the most common route. Due to features such as non-invasiveness, patient compliance, and medication delivery simplicity, it is the most favored route. These characteristics are anticipated to propel the segment's growth.
The Anticonvulsants Drugs segment has shown the growth rate a CAGR of 5.6% during (2022 - 2028). This is because anticonvulsants function in many ways to reduce hyperactivity in the brain. Those with four or more episodes of mania, depression and dystonia per year are frequently prescribed these medicines. Their maximum effectiveness is reached just after few weeks of usage. Hence, these factors associated with the drugs are anticipated to propel the segment's growth.
The North America market dominated the Global Dystonia Drugs Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $432 Million by 2028. The Asia Pacific market is exhibiting a CAGR of 6.2% during (2022 - 2028). Additionally, The Europe market would showcase a CAGR of 5.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/dystonia-drugs-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Pfizer, Inc., Novartis AG, Teva Pharmaceuticals Industries Ltd., AbbVie, Inc., F. Hoffmann-La Roche Ltd., Ipsen Pharma Biotech SAS, Hameln Pharma Gmbh (Siegfried Group, LLP), Amneal Pharmaceuticals, Inc., Merz Pharma GmbH & Co. KGaA, and Wellona Pharma.
By Distribution Channel
By Route of Administration
Unique Offerings from KBV Research
North America Dystonia Drugs Market size & Opportunities 2022-2028
Europe Dystonia Drugs Market & Growth Forecast 2022-2028
Asia Pacific Dystonia Drugs Market Share & Industry Outlook to 2028
LAMEA Dystonia Drugs Market Growth, Trends & Forecasts 2022-2028