PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378467
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378467
Global amitriptyline market is estimated to be valued at US$ 607.0 Million in 2023 and is expected to exhibit a CAGR of 5.6% during the forecast period (2023-2030).
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 607.0 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 5.60% | 2030 Value Projection: | US$ 888.8 Mn |
Amitriptyline is a tricyclic antidepressant with sedative effects. Amitriptyline affects certain chemical messengers (neurotransmitters) that communicate between brain cells and help regulate the mood. The drug is indicated for treating major depressive disorder, neuropathic pain, the prophylactic treatment of chronic tension type headache (CTTH), and migraine in adults. It is also used in the treatment of nocturnal enuresis. It is available in tablet form. Amitriptyline functions by boosting serotonin levels in the brain. Serotonin is a neurotransmitter, a chemical that the brain releases to the nerves throughout the body. It is supposed to boost one's mood, mental condition, sleep, and how one's body handles pain. The rise in the prevalence of anxiety and depression across the world will act as a major driver for the expansion of the global amitriptyline market.
Market Dynamics
The increasing prevalence of depression or bipolar disorder is expected to drive demand for tricyclic antidepressants such as amitriptyline, thereby contributing to the growth of the global amitriptyline market. Moreover, an increase in the product launch, such as generic amitriptyline, by the key market players is expected to drive the market growth. In addition, research institutes are also engaged in conducting clinical trials which is contributing to the growth of the market. For instance, in September 2020, the University of California announced that it had initiated a clinical trial to assess the physiological and behavioral mechanisms associated with amitriptyline in adult patients with functional GERD (Gastroesophageal reflux disease (GERD)) related symptoms.