Barbiturate Drugs Market - By Drug Type (Long-Acting, Short-Acting, Ultra-Short Acting Barbiturate, Combination Drugs), Application (Insomnia, Epilepsy, Sedation), Distribution Channel (Hospital, Retail Pharmacies) – Global Forecast (2024 – 2032)
Report ID: GMI8668
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Published Date: March 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 15
Tables & Figures: 219
Countries covered: 22
Pages: 190
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Barbiturate Drugs Market Size
Barbiturate Drugs Market size was valued at USD 472.9 million in 2023 and is estimated to grow at a CAGR of 3% between 2024 and 2032 to reach USD 613.7 million by 2032. Barbiturate drugs belong to a class of central nervous system depressants known for their sedative, hypnotic, and anticonvulsant properties. They exert their effects by enhancing the activity of the neurotransmitter gamma-aminobutyric acid (GABA) in the brain, resulting in sedation, muscle relaxation, and anxiety reduction.
Initially widely used for medical purposes such as treating insomnia, anxiety, epilepsy, and anesthesia for surgical procedures, barbiturates have seen a decline in use due to their potential for abuse and overdose. The increasing prevalence of neurological disorders has become a significant driver for the market.
According to the World Federation of Neurology in 2023, neurological disorders rank as the second-highest cause of death and the primary cause of disability worldwide. It's estimated that over 40% of the global population currently experiences some form of neurological condition, with this burden expected to nearly double by 2050. As a result, there is a notable surge in demand for innovative treatments and therapies to address the rising incidence of neurological disorders.
Furthermore, rising geriatric population, introduction of a novel drug delivery system, technological advancements in drug delivery, among other contributing factors are estimated to propel the growth of the market in the forthcoming years.
Barbiturate Drugs Market Trends
The introduction of novel drug delivery systems represents a paradigm shift in pharmaceutical innovation promising a multitude of advantages across various facets of healthcare. These cutting-edge systems revolutionize the way medications are administered offering precise control over drug release, targeted delivery to specific sites within the body, and enhanced therapeutic efficacy.
Barbiturate Drugs Market Analysis
Based on drug type, the market is classified into long-acting barbiturate, short-acting barbiturate, ultra-short acting barbiturate, and combination drugs. The long-acting barbiturate segment held a market size of USD 200.4 million in 2023.
Based on application, the barbiturate drugs market is segmented into insomnia, epilepsy, sedation, and other applications. The epilepsy segment is estimated to account for a market size of USD 303 million by 2032.
Based on distribution channel, the barbiturate drugs market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies. The retail pharmacies is estimated to account for a market size of USD 274.7 million by 2032.
North America barbiturate drugs market accounted for USD 191.6 million revenue in 2023 and is predicted to witness substantial market growth.
Barbiturate Drugs Market Share
The barbiturate drugs industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced devices based on different technologies is among a key market strategy. Some of the leading industry players have a notable presence in the market.
Barbiturate Drugs Market Companies
Some of the eminent market participants operating in the barbiturate drugs industry include:
Barbiturate Drugs Industry News:
The barbiturate drugs market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Drug Type
Market, By Application
Market, By Distribution Channel
The above information is provided for the following regions and countries: