About Meglumine
The applications of meglumine in the pharmaceutical industry have been increased robustly over the past couple of decades which has ultimately generated significant demand for meglumine across the globe. This water-soluble chemical is available in white crystalline powder form which is an amino sugar derived from glucose. Meglumine is generally used in conjunction with iodinated compounds in industrial as well as pharmaceutical applications. However, several side effects associated with meglumine consumption such as restlessness, sensations of warmth, sneezing, sweating and many others. On the other hand, increasing awareness about the applications of the Meglumine will create numerous opportunities over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Meglumine Meglumine market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Meglumine Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage.The Vendors having a strong hold in the market are Merck, Tianma Microelectronics, Libang Healthcare, and Biophore India Pharmaceuticals. Analyst at AMA Research estimates that Asian Vendors will contribute the maximum growth to Global Meglumine market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Merck & Co. Inc. (United States), Tianma Microelectronics (China), Libang Healthcare Group (China), Shanghai New Hualian Pharmaceutical co.,ltd (China), Biophore India Pharmaceuticals Pvt Ltd (India), EstechPharma Co Ltd (South Korea), Sanofi S.A. (France) and Schering AG (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Xian Libang Pharmaceutical Co.Ltd (China), Nippi Incorporated (Japan) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Meglumine market by Type (Diatrizoate Meglumine, Lothalamate Meglumine and Lodipamide Meglumine), Application (Cosolvent, Contrast Agent, Surfactant and Other) and Region.
On the basis of geography, the market of Meglumine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Industry, the sub-segment i.e. Pharmaceuticals will boost the Meglumine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of Meglumine in Intracellular Treatment of Leishmaniasis and Introduction to Drugs for Protozoal Infections with the Use of Meglumine
Market Growth Drivers:
Upsurging Demand for Meglumine from Pharmaceutical Applications and Provides a Safer Option for Diagnostic Testing Since it is Used as Diagnostic Agents
Challenges:
Stringent Manufacturing Mandates might Increase Production Complexities
Restraints:
Several Side Effects Associated with Some Substrates such as Restlessness, Sensations of Warmth, Sneezing, Sweating and Many Others
Opportunities:
Increasing Awareness about Meglumine Based Products from Underdeveloped Economies and Upsurging Growth of Pharmaceutical Industry with Robust R&D Investments
Market Leaders and their expansionary development strategies
In November 2021, Guerbet LLC, the US affiliate of Guerbet, a global leader in medical imaging, announced a recent boom for DOTAREM, (gadoterate meglumine) injection. DOTAREM's significant increases come in the face of the continued presence of a pandemic and supply chain disruptions. The company shipped more doses of its flagship MRI contrast agent in October than in any other monthly period since its US release in 2013.
In October 2022, Fresenius Kabi announced that it has launched Gadoterate Meglumine Injection, an FDA-approved bioequivalent and therapeutic equivalent substitute for the contrast agent gadoterate meglumine (Dotarem, Guerbet).
Key Target Audience
Meglumine Manufacturers, Meglumine Distributors and Suppliers, Meglumine International Traders, Phramceutical Industry Associations, Government Agencies, Research and Developeme[nt Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.