Atropine Market Research Growth by Manufacturers, Segment and Region | Analysis Forecast by 2028 | C2 PHARMA, RESONANCE LABORATORIES, Among Others.

According to the report by Quince Market Insights, the Atropine Market is expected to promise high growth owing to increasing demand in the Asian market in recent years. Increasing demand from applications including gastrointestinal, ophthalmology, neurology, nephrology, and others are expected to drive the growth of the market.

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Atropine is synthesized by reducing phenylalanine. Atropine is used in medicines to treat conditions like pesticide poisoning and nerve agents. It is mainly utilized during surgeries if the heart rate falls suddenly to anaerobic levels or the patient experiences reduced salivary secretions resulting in dry mouth. It is required in high dosages if the patient is antibiotic-resistant. Atropine if administered in high amounts can cause drowsiness, convulsions, coma, and stupor.

Segmentation for better understanding of this market:

Globally, the atropine market is divided into small segments with only a few countries producing it while the other countries procure it. There is an oligopolistic nature to the atropine market. Countries like the US and China are at the forefront of global atropine production. The combined US and China account for 67 percent-69 percent of the global supply of atropine.

Due to the low cost of production, less profit margin, and a relatively leaner demand, the global atropine market experienced negative growth between 2013 and 2017. This has led to a shortage of atropine supply globally. Many companies have shut down the production of atropine due to losses.

The C2 PHARMA is the leading manufacturer of atropine accounting for approximately 10% of the total market share.

Significant Factors Impacting Market Growth:
o Increasing demand in the Asian market
o Decreasing demand in the Western European market
o Falling demand due to lethal side effects

Regional segmentation and analysis to understand growth patterns:

On the basis of the region, the atropine market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World Some of the major markets in North America and Western Europe are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major North American and Western European companies are headquartered in this market.

This region has witnessed a number of transitions from end-use industries in terms of the production of chemicals and their respective applications. In developing the green alternatives in these regions, preference for bio-based feedstock has been instrumental. In addition, regulatory bodies have imposed strict guidelines on environmental concerns and potential health hazards due to exposures. This has been more instrumental in the competitive Western Europe region. Some of these regions ' major economies include the US, Germany, the UK, France, Canada, Italy, Spain and so on.

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During the forecast period, the Asia Pacific and the Middle East are expected to register significant growth in the atropine market. This demand is for the growth of major end-use industries/applications like gastrointestinal, ophthalmology, neurology, nephrology and others.

Major Asia-Pacific countries include China, South Korea, Japan, India, Australia, etc. The Middle East is composed of the UAE, Saudi Arabia, Iran, Israel, Egypt, etc. With operations by major chemical giants in the region, Eastern Europe was dominated largely by Russia and Turkey. Rest the world that includes South America and Africa has strong atropine market potential. Global companies have increasingly invested in these regions to strengthen their presence and to tap the potential market. Major atropine-market economies in these regions include Brazil, South Africa, Nigeria, Argentina, Colombia and others.

Companies Covered: C2 PHARMA, RESONANCE LABORATORIES, ROLABO OUTSOURCING, Minsheng Group, CR Double-Crane, HENAN PURUI, Albany Molecular Research, Alchem International, SAURAV CHEMICALS, Katsura Chemical, Hangzhou Vega, and Wuhan Senwayer Century

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Market Segmentation:
By Type:
o Injection
o Drop
o Gel

By Application:
o Gastrointestinal
o Ophthalmology
o Neurology
o Nephrology
o Others

By Region:
o North America
o By Country (US, Canada, Mexico)
o By Type
o By Application

o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Application

o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Application

o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Application

o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By Application

o Rest of the World
o By Region (South America, Africa)
o By Type
o By Application

Contact:s
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +1 208 405 2835 +44 121 364 6144 +91 706 672 4848
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.