Increasing Demand For AI Powered Computing Is Fueling The Growth Of Epinephrine Market


https://www.coherentmarketinsights.com/market-insight/epinephrine-market-2401
Epinephrine Market 


Epinephrine, also known as adrenaline, is a hormone and medication. It is used to treat allergic reactions including anaphylaxis, cardiac arrest, and superficial bleeding. Epinephrine injections are easy to administer and can be life-saving in emergency situations like insect stings or bites, food allergies, and other causes of anaphylaxis. It works by constricting blood vessels, opening airways in the lungs, and regulating heart rate.


The global Epinephrine Market is estimated to be valued at US$ 1.95 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
 
One of the key trends in the epinephrine market is the increasing demand for prefilled syringes and auto-injectors. Prefilled syringes and auto-injectors help patients to self-administer epinephrine during an emergency with ease of use. Advanced auto-injectors provide voice instructions to guide patients through medication administration. They also include safety mechanisms to prevent accidental injections. Many companies are focusing on developing more user-friendly and precise drug delivery devices to improve treatment outcomes of patients suffering from anaphylaxis.

Segment Analysis

The global epinephrine market is segmented into product, application, distribution channel, and region. Based on product, the epinephrine market is segregated into prefilled syringe, auto-injectors, and ampoules & vials. The auto-injector segment dominates the market and accounts for the largest revenue share owing to ease of self-administration without any training.

Key Takeaways

The global Epinephrine Market Share is expected to witness high growth, exhibiting CAGR of 11% over the forecast period, due to increasing prevalence of anaphylaxis and other allergic reactions.

Regional analysis

North America holds the major share of the global epinephrine market and is expected to continue dominating the market during the forecast period. This is attributed to increasing awareness about anaphylaxis, growing demand for epinephrine auto-injectors, and presence of key players in the region. Asia Pacific is anticipated to register the fastest growth rate over the forecast period owing to rising health expenditure, increasing healthcare infrastructure, and growing prevalence of food allergies in the region.

Key players

Key players operating in the epinephrine market are Mylan N.V., Pfizer, Inc., Teva Pharmaceuticals Industries Ltd., Impax Laboratories, Inc., Kaleo, Inc., Adamis Pharmaceuticals Corporation, Bausch Health Companies, and ALK- Abello A/S. Mylan N.V. dominates the global market, accounting for the largest revenue share, due to its flagship epinephrine auto-injector brand - EpiPen.

Comments

Post a Comment

Popular posts from this blog

Global Fiber Reinforced Concrete Market Opportunity Analysis and Industry Forecast 2028

Image
  Fiber Reinforced Concrete Market A rise in commercial construction activity is anticipated to fuel the market as a result of the economy's improved state. The need for more office and storage space has been driven by the expansion of industries like food and consumer goods, which has had a large positive impact on the construction sector and the demand for paving slabs as long-lasting and attractive flooring. With the majority of the actors involved in the production and manufacture of the raw materials used in the production of paving slabs, product makers have a highly integrated supply chain. The majority of market participants also benefit from a robust direct distribution network that facilitates a seamless flow of products and enables them to build a broader customer base. Having a wide range of customizable products is important while making purchases. The global Fiber Reinforced Concrete Market was valued at US$ 2,330.40 Mn in 2020 and is forecast to reach a value of US$
Read more

Augmented Reality Is Fastest Growing Segment Fueling The Growth Of Air Defense Systems Market

Image
Air Defense Systems Market Market Overview: Air defense systems provides protection against cruise, tactical and strategic ballistic missiles, unmanned aerial vehicles, and aircraft. They consist of radar systems, interceptor missiles, command and control systems and fire control systems. Air defense systems help detect incoming enemy planes, and intercept missiles and other threats before they reach their targets using air-to-air, surface-to-air, and man-portable missiles. Market key trends: One of the major trends in the air defense systems market is the increasing adoption of augmented reality and artificial intelligence. Augmented reality offers 3D digital interfaces to air defense operators and commanders and overlays geographical data and combat intelligence information onto real-world combat scenarios. This enhances situation awareness, minimizes fatigue and improves decision-making. It is increasingly being incorporated into command and control systems, fire control radars and
Read more

The U.S. Sterile Injectables Market Witnessing Tremendous Growth Due to Rising Prevalence of Chronic Disease

Image
U.S. Sterile Injectables Market    Sterile Injectables are compounded medications with sterile components for intravenous administration. They are composed of small molecules, large molecules, and biologics. In 2018, the global sterile injectable market was valued at US$ 357 billion. During the forecast period, the market is expected to grow at a 7.3% CAGR. The market will likely be driven by the growing demand for these medications in developing countries. The U.S. sterile injectables market is expected to expand over the forecast period due to rising product launches are one of the key factors boosting the growth of this market. Many sterile products fail to meet regulatory requirements. Due to the risk involved, a sterile drug product must meet strict standards. Lack of quality assurance in the manufacturing process can result in low-quality medicines. To combat this risk, manufacturers highly trust CMOs to adhere to rigorous quality standards. Manufacturers of sterile injectables a
Read more