About Epinephrine
According to the Asthma and Allergy Foundation of America, 2014, anaphylaxis is a severe life-threatening allergic reaction occurring at least 1 in every 50 people in the United States. Epinephrine also is known as adrenaline is a hormone and neurotransmitter produced by the adrenal glands. This hormone is used to alter the effect of anaphylaxis (life-threatening allergic reaction) and is used as the first line of treatment. Most of the patients suffering from anaphylaxis use Epinephrine Auto-Injectors and can be administered by a nonmedical person also. The Epinephrine injections are commonly used against life-threatening allergic reactions caused by medications, insect bites and stings.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.0% |
The market is fragmented by The manufacturers are focused on developing and commercializing innovative drugs and novel drug delivery systems of therapeutic molecules to improve patient quality of life and to cater the clinical shortcomings of the commercially available products. The players are also focused on the development new products such as Chlorofluorocarbon (CFC) free epinephrine auto-injectors. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Epinephrine market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mylan N.V.(United States), Pfizer, Inc. (United States), Teva Pharmaceuticals Industries Ltd. (Israel), Impax Laboratories, Inc. (United States), Kaleo, Inc. (United States), Adamis Pharmaceuticals Corporation (United States), Amphastar Pharmaceuticals (United States), Merit Pharmaceutical (United States), Tianjin Jinyao Group (China) and Bausch Health Companies (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ALK- Abello A/S (Denmark), Sandoz (Germany) and INSYS Therapeutics,Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Epinephrine market by Type (Epinephrine Auto-injector, Epinephrine Prefilled Syringe, Ampoules and Vials and Combination Epinephrine Products), Application (Anaphylaxis, Cardiac Arrest and Others) and Region.
On the basis of Type, Auto-Injector are dominating the market in the year 2023On the basis of application, Anaphylaxis segment is dominating the market in the year 2023On the basis of geography, the market of Epinephrine 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). North America region held largest market share in the year 2023. If we see Market by Route of Administration, the sub-segment i.e. Intravenous will boost the Epinephrine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ingredients, the sub-segment i.e. Epinephrine Acetate will boost the Epinephrine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Launch of New Products Like Epipen By Companies
Market Growth Drivers:
Rising Incidence of Anaphylaxis Associated With Food Allergy, The Increasing Number of Patients Susceptible To Allergic Reactions and Increasing Demand for Automatic Injection Devices Leading to the Growth of Epinephrine Auto-Injectors Market
Challenges:
Side Effects Caused By Epinephrine Medications
Restraints:
Unavailability of Approved Drugs Due To the Increasing Number of Product Recalls by Various Developers
Opportunities:
Programs for Patient’s Assistance Carried out for an Uninsured Person and Continuous Product Modification Resulting in Demand for Automatic Injection Devices
Market Leaders and their expansionary development strategies
In September 2023, The Food and Drug Administration (FDA) has issued a Complete Response Letter (CRL) to ARS Pharmaceuticals regarding the New Drug Application (NDA) for neffy (intranasal epinephrine) for the treatment of severe allergic reactions (Type 1), including anaphylaxis, for adults and children weighing at least 30kg.
In March 2024, American Regent announces the launch of sulfite-free Epinephrine Injection, USP. Epinephrine Injection, USP, is indicated for emergency treatment of allergic reactions (Type I), including anaphylaxis, which may result from insect stings or bites, foods, drugs, sera, diagnostic testing substances and other allergens, as well as idiopathic anaphylaxis or exercise-induced anaphylaxis. Epinephrine is also indicated to increase mean arterial blood pressure in adult patients with hypotension associated with septic shock.
Key Target Audience
Physicians, Pharmaceutical companies, Government and Regulatory Bodies, Traders, Distributors, and Suppliers 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.