Epinephrine Market Insights Growth Opportunities and Forecast to 2027
The growth of the market is driven by factors such as the
fast growth of epinephrine technology market in Europe and the growing
prevalence of anaphylaxis cases in the European region. Whereas, lack of
availability of epinephrine drug is likely to have a negative impact on the
growth of the market in the coming years.
Anaphylaxis is a severe, life‑threatening allergic reaction
characterized by symptoms such as skin redness and itching, swallowing and
breathing difficulties, wheezing, rapid breathing rate (tachypnoea),
accelerated heart rate (tachycardia), and falling blood pressure. It may
involve multiple systems of human body. Anaphylaxis is caused by exposure to an
allergen (foods, insect stings, or medicines) that is recognized as a non-self
by a human body.
Key Players
Influencing the Market:
- Novartis AG
- Teva Pharmaceuticals Ltd.
- Mylan N.V.
- Amneal Pharmaceuticals LLC
- ALK-Abelló A/S
- Abbott
- Kaleo, Inc
- BIOPROJET
- Medeca Pharma AB
- Erythpharm
The incidence of anaphylaxis is increasing, More than 1
billion people in the world suffered from respiratory diseases in 2018, asthma
to which is a major contributor, according to the World Health Organization
(WHO). According to NCBI, Anaphylaxis is a common problem, affecting an
estimated 1 in 300 of the European population at some time in their lives.
Future research needs to focus on a better understanding of the trends across
Europe and identifying those most likely to experience fatal reactions.
Anaphylaxis requires immediate medical treatment, and it can
turn lethal if not treated properly. Allergies put an economic burden on
healthcare systems in many countries; Anaphylaxis requires immediate medical
treatment, and it can turn lethal if not treated properly. Therefore, the
demand for epinephrine is expected to increase during the forecast period.
The rising number of the anaphylaxis cases in Europe is
expected to drive growth as Europeans are more prone to allergy and infections.
As in other European countries, Germany faces a continuous and significant
increase in the number of anaphylaxis cases. This rising number of the
anaphylaxis cases and the growing pharmaceutical industry in the country create
a lucrative opportunity and the presence of an established market for
epinephrine.
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Key Benefits:
- This report provides a detailed study of market trends and forecast from 2019 to 2025, which assist to identify the prevailing market opportunities.
- In-depth coverage of the global market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
- Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
ource : Business
Market Insights
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