Epinephrine Global Market Report 2024 : Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company’s Epinephrine Stock Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
— The Business Research Company
LONDON, GREATER LONDON, UNITED KINGDOM, September 27, 2024 /EINPresswire.com/ — The epinephrine market has experienced robust growth in recent years, expanding from $2.44 billion in 2023 to $2.69 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to anaphylaxis incidence, regulatory framework, increased allergies, patient education, improved accessibility.
What Is The Estimated Market Size Of The Global Epinephrine Market And Its Annual Growth Rate?
The epinephrine market is projected to continue its strong growth, reaching $3.82 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to rising allergy rates, expanded access initiatives, awareness campaigns, emerging markets, customized epinephrine delivery systems.
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Growth Driver Of The Epinephrine Market
The increase in the prevalence of chronic respiratory diseases is expected to propel the growth of the epinephrine market going forward. Chronic respiratory diseases refer to medical condition that affects the lungs and airways of the human body’s respiratory system and has the potential to contract an infection or develop a disease, which can lead to a number of complications. Chronic respiratory diseases such as asthma and chronic obstructive pulmonary disease (COPD), interstitial lung disease, pulmonary sarcoidosis, and pneumoconiosis are increasing due to the prevalence of air pollution and harmful environmental, occupational, and behavioral inhalation exposures. Epinephrine is a key medication used in the treatment of severe asthma attacks and anaphylactic reactions, which can cause respiratory distress and potentially life-threatening complications.
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Which Market Players Are Driving The Epinephrine Market Growth?
Key players in the tem market include ALK-Abelló A/S, Pfizer Inc., Teva Pharmaceutical Industries Ltd., Mylan NV, Amneal Pharmaceuticals Inc., Bausch Health Companies Inc., Abbott Laboratories, Sanofi SA, Viatris Inc., Lincoln Medical Ltd., Kaleo Inc., Gland Pharma Limited, Adamis Pharmaceuticals Corporation, Harvest Pharmaceuticals Inc., Merit Pharmaceutical, Hospira, Inc., Antares Pharma Inc., Bausch & Lomb Incorporated, Novartis AG, Grand Pharma (China) Co. Ltd., Impax Laboratories LLC, Sandoz International GmbH, Tianjin Jinyao Group Co. Ltd., GlaxoSmithKline PLC, Amphastar Pharmaceuticals Inc., Par Sterile Products LLC, Amedra Pharmaceuticals LLC, Crossject SA, Halozyme Therapeutics Inc.
What Are the Key Trends That Influence The Epinephrine Market Size?
Major companies operating in market are developing innovative products such as OX640 to gain a competitive edge in the market. OX640 is designed to provide a needle-free, user-friendly, and effective treatment for acute allergic reactions, including anaphylaxis, in both community and healthcare settings.
How Is The Global Epinephrine Market Segmented?
1) By Type: Prefilled Syringe, Auto-injector, Ampoules and Vials
2) By Application: Anaphylaxis, Cardiac Arrest, Superficial Bleeding, Respiratory Disorders, Other Applications
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Geographical Insights: North America Leading The Epinephrine Market
North America was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Epinephrine Market Definition
Epinephrine, also known as adrenaline, is a hormone and neurotransmitter used for life-threatening allergic reaction treatment spurred by foods, medicines, latex, insect bites or stings, and other reactions treated with epinephrine injections along with emergency medical treatment.
Epinephrine Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global epinephrine market report covering trends, opportunities, strategies, and more
The Epinephrine Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on epinephrine market size, epinephrine market drivers and trends, epinephrine market major players and epinephrine market growth across geographies. This market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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