Amitriptyline is a drug that affects certain chemical messengers (neurotransmitters) which communicate between the cells of the brain and aid in regulating mood. It is a tricyclic antidepressant that is utilized in the treatment of several health conditions such as chronic neuropathic pain, depression, migraine, and several others.
According to the report analysis, ‘Amitriptyline Market: Current Analysis and Forecast (2021-2027)’ states that some of the major players working in the market are Accord Healthcare Inc., Mylan Pharmaceuticals Inc., Sandoz Inc., Sun Pharmaceutical Industries, Vintage Pharmaceuticals Inc., Zydus Pharmaceuticals USA Inc., Watson Laboratories Inc., Torrent Pharmaceuticals Ltd., among others. Several M&A’s along with partnerships have been undertaken by these players to advance the new products. These companies in amitriptyline market are working more efficiently for keep maintaining the governing position, registering the great value of market share, obtaining the competitive edge, ruling around the globe, and leading the highest market growth by employing the young and active personnel, spreading the awareness connected to the applications and advantages of amitriptyline, delivering the better customer satisfaction, decreasing the associated prices of such, implementing the policies of profit making and strategies of expansion, establishing the several research and development programs, and analysing the strategies and policies of government as well as competitors.
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Additionally, amitriptyline is also an effective, inexpensive and off-label drug utilized for preventing migraine and tension-type headaches. Migraine is the third most common disease across the world, according to the Migraine Research Foundation. During 2019, almost 1 billion has been affected by migraine. This drug is also given in mixture with other salts such as Anxipan which amalgamates the amitriptyline and pantoprazole. This is also underwriting to the growth of the amitriptyline market. However, the side effects linked with the drug and the accessibility of alternative treatments are some of the aspects hampering the growth of the market.
Based on strength, the amitriptyline market is classified into 10 mg tablets, 25 mg tablets, 50 mg tablets, 75 mg tablets, 100 mg tablets, and 150 mg tablets. The 10 mg tablets segment generated revenue of USD XX million during 2020. The market is expected to rise at a CAGR of XX% during the forecast duration to reach a market valuation of USD XX million by 2027.
Based on indication, the market is categorized into depression, migraine, nocturnal enuresis, chronic neuropathic pain, and others. The chronic neuropathic pain segment grabbed XX% market share of the amitriptyline market and created revenue of USD XX million during 2020. The segment is projected to rise at a CAGR of XX% during the forecast duration to reach a market valuation of USD XX million by 2027.
North America constitutes a foremost market for the amitriptyline industry and produced revenue of USD XX Million in 2020 due to the existence of well-established market players in the region. Also, the Amitriptyline market is projected to witness a boost, owing to the surge in the number of individuals suffering from depression and neuropathic pain.
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Ankur Gupta, Head Marketing & Communications