Barbiturate Drugs Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 3.70 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Barbiturate Drugs Market Analysis
The barbiturate drug market is expected to register a CAGR of 3.7% over the forecast period, 2022-2027.
The COVID-19 pandemic has created exceptional changes in the lives of the people. For many, it has caused significant stress, anxiety, sleep disorder, and concerns about health, social isolation, employment, finances, and the challenge of balancing work and family obligations. Such a significant life event is likely to disrupt sleep and has an impact on market growth. The COVID-19 pandemic has impacted sleep. According to the American Academy of Sleep Medicine's (AASM) Sleep Prioritization Survey 2020, about a third of adults (33%) have noticed a change in their sleep quality, 30% have noticed a change in their ability to fall asleep, and 29% have noticed a change in their nightly amount of sleep. In addition, females were more likely to report that bedtimes (31%) are impacted by the COVID-19 pandemic than males (25%).
The rise in prevalence of insomnia, epilepsy, and anxiety and the increase in the geriatric population are projected to drive the global barbiturate drug market during the forecast period. For instance, according to the World Health Organization facts of 2022, epilepsy is one of the most common neurological diseases globally and affects about 50 million people worldwide. In high-income countries, about 49 per 100000 people are usually diagnosed with epilepsy each year, and in low- and middle-income countries, this figure can be as high as 139 per 100 000.
However, side effects associated with barbiturate drugs and patient expiration are expected to restrain the barbiturate drugs market over the forecast period.
Barbiturate Drugs Market Trends
This section covers the major market trends shaping the Barbiturate Drugs Market according to our research experts:
Insomnia is Expected to Hold a Major Market Share Over the Forecast Period
The rise in prevalence of insomnia, increasing awareness about various treatment options for this condition, and rising stress levels in society are some of the factors expected to propel the insomnia segment growth over the forecast period. According to a study published by the American Journal of Managed Care in April 2020, titled 'Insomnia Overview: Epidemiology, Pathophysiology, Diagnosis and Monitoring, and Nonpharmacologic Therapy,' insomnia is one of the most common sleep disorders, and it is a substantial burden for the United States healthcare system. The combined direct and indirect costs of insomnia in the United States exceed USD 100 billion annually.
Additionally, according to a study published by Frontiers Media SA in 2021, titled 'The Epidemiology of Insomnia and Sleep Duration Across Mental and Physical Health: The SHoT Study,' the overall prevalence of insomnia in the healthy reference group was 21.7% and was significantly higher among female (24.8%) compared to male (16.4%). Moreover, the growth of psychological conditions and constantly increasing noise levels in urban areas are anticipated to increase insomnia in society, driving the segment market over the forecast period.
hus, the segment is anticipated to witness significant growth over the forecast period due to the abovementioned factors.
North America is Expected to Dominate the Global Barbiturate Market
An increase in health care expenditure and the upsurge in the incidence of insomnia, epilepsy, and anxiety are expected to drive market growth. According to the American Academy of Sleep Medicine 2020, sleeping disorders affect about 20% of the population in the United States each year. Also, according to the Centre for Disease Control and Prevention in 2020, about 470,000 children and around 3 million adults have active epilepsy in the United States. The number of Americans who have epilepsy is greater than the number who have multiple sclerosis, Parkinson's disease, and cerebral palsy combined. Thus, there is a rising demand for effective treatments such as barbiturates in the region which is expected to boost the growth of the barbiturates drug market in the region. Furthermore, according to data published by sleep advisor in 2022, about 30% of the United States adult population suffer from insomnia and 10% from chronic insomnia, making it the most common sleep disorder.
Moreover, the presence of a large number of barbiturate drug companies, availability of drugs, and high healthcare expenditure are anticipated to further propel the growth of the barbiturates drug market in the region.
Barbiturate Drugs Industry Overview
The barbiturate drug market is fragmented and consists of several major players. In terms of market share, a few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Par Pharmaceutical, Akorn Operating Company LLC, Samarth Life Sciences Pvt Ltd, Ethypharm, Abbott, Centurion Healthcare Private Limited, and Intas Pharmaceuticals Ltd.
Barbiturate Drugs Market Leaders
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Par Pharmaceutical
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Akorn Operating Company LLC
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Samarth Life Science Pvt. Ltd
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Ethypharm
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Abbott
*Disclaimer: Major Players sorted in no particular order
Barbiturate Drugs Market News
- In June 2021, Ethypharm entered into a definitive agreement to acquire Altan Pharma which is a specialty pharmaceutical company that manufacturers, develop, and markets injectables for hospital use. This acquisition would enable the entry of Ethypharm into Spain.
- In April 2021, Ethypharm established a direct presence through its fully established affiliate in Italy.
Barbiturate Drugs Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in Prevalence of Target Diseases
4.2.2 Increase in Geriatric Population
4.3 Market Restraints
4.3.1 Side Effects Associated With Barbiturate Drugs
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Drug Type
5.1.1 Ultra-Short Acting Barbiturate
5.1.2 Short-Acting Barbiturate
5.1.3 Long-Acting Barbiturate
5.1.4 Combination Drugs
5.2 By Disease Type
5.2.1 Epilepsy
5.2.2 Insomnia
5.2.3 Sedation
5.2.4 Other Disease Type
5.3 By Distribution Channel
5.3.1 Retail Pharmacies
5.3.2 Hospital Pharmacies
5.3.3 Other Pharmacies
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Par Pharmaceutical
6.1.2 Akorn Operating Company LLC
6.1.3 SAMARTH LIFE SCIENCES PVT. LTD
6.1.4 Ethypharm
6.1.5 Abbott
6.1.6 Centurion Healthcare Private Limited
6.1.7 Intas Pharmaceuticals Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Barbiturate Drugs Industry Segmentation
Barbiturates are a group of sedative-hypnotic medications used for the treatment of seizure disorder, neonatal withdrawal, insomnia, preoperative anxiety, and induction of coma for increased intracranial pressure. They are also useful for inducing anesthesia. The Barbiturate Drugs Market is segmented by Drug Type (Ultra-Short Acting Barbiturate, Short-Acting Barbiturate, Long-Acting Barbiturate, and Combination Drugs), Disease Type (Epilepsy, Insomnia, Sedation, and Other Disease Type), Distribution Channel (Retail Pharmacies, Hospital Pharmacies, and Other Pharmacies), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers the value (in USD million) for the above-mentioned segments.
| By Drug Type | |
| Ultra-Short Acting Barbiturate | |
| Short-Acting Barbiturate | |
| Long-Acting Barbiturate | |
| Combination Drugs |
| By Disease Type | |
| Epilepsy | |
| Insomnia | |
| Sedation | |
| Other Disease Type |
| By Distribution Channel | |
| Retail Pharmacies | |
| Hospital Pharmacies | |
| Other Pharmacies |
| Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| Rest of the World |
Barbiturate Drugs Market Research FAQs
What is the current Global Barbiturate Drugs Market size?
The Global Barbiturate Drugs Market is projected to register a CAGR of 3.70% during the forecast period (2024-2029)
Who are the key players in Global Barbiturate Drugs Market?
Par Pharmaceutical , Akorn Operating Company LLC , Samarth Life Science Pvt. Ltd , Ethypharm and Abbott are the major companies operating in the Global Barbiturate Drugs Market.
Which is the fastest growing region in Global Barbiturate Drugs Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Barbiturate Drugs Market?
In 2024, the North America accounts for the largest market share in Global Barbiturate Drugs Market.
What years does this Global Barbiturate Drugs Market cover?
The report covers the Global Barbiturate Drugs Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Barbiturate Drugs Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Barbiturate Drugs Industry Report
Statistics for the 2024 Global Barbiturate Drugs market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Global Barbiturate Drugs analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
