What is Sumatriptan Succinate?
Sumatriptan Succinate is the succinate salt form of sumatriptan, a member of the triptan class of compounds used for the treatment of migraine and sometimes cluster headache. It is obtained by the reaction of sumatriptan with one equivalent of succinic acid. It is administered in various forms including tablets, subcutaneous injection and nasal spray.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Mylan N.V. (United States), GlaxoSmithKline plc (United Kingdom), Sun Pharmaceutical (India), Sandoz (Germany), Tokyo Chemical (Japan), Cayman Chemical Company (United States), Toronto Research Chemicals Inc. (Canada), Aurobindo Pharma Limited (India) and Dr. Reddy's Laboratories (India) |
CAGR | % |
The market study is broken down, by Application (Migraine and Cluster Headache) and major geographies with country level break-up.
Analysts at AMA Research estimates that Players from Global will contribute to the maximum growth of Global Sumatriptan Succinate market throughout the predicted 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), GlaxoSmithKline plc (United Kingdom), Sun Pharmaceutical (India), Sandoz (Germany), Tokyo Chemical (Japan), Cayman Chemical Company (United States), Toronto Research Chemicals Inc. (Canada), Aurobindo Pharma Limited (India) and Dr. Reddy's Laboratories (India) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Sumatriptan Succinate market by Type, Application and Region.
On the basis of geography, the market of Sumatriptan Succinate 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 Mode Of Administration, the sub-segment i.e. Oral will boost the Sumatriptan Succinate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Tablet will boost the Sumatriptan Succinate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Channel will boost the Sumatriptan Succinate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Hospitals will boost the Sumatriptan Succinate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In March 2018, GSK reaches agreement with Novartis to acquire full ownership of Consumer Healthcare Business. 100% ownership of world-leading Consumer Healthcare business enables GSK shareholders to capture the full value of future performance
Market Trend
- High Demand for Medications that Cures Migraine Completely
Market Drivers
- Increased number of People Suffering from Migraine
- Development of New Diagnostic Centre and Hospitals
Opportunities
- Growing Number of Regulatory Approvals
- Huge Investments By Major Players
Restraints
- Overdose of Sumatriptan can Cause Sulfhemoglobinemia
Challenges
- Lack of Healthcare Infrastructure in Some Regions
Key Target Audience
Sumatriptan Succinate Manufacturers, Research Professionals, Emerging Companies, Distributors, Government Body & Associations and End-user
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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.