Press release
North America Anaphylaxis Treatment Market Expects to See Significant Growth During 2021-2028
The Anaphylaxis treatment market in North America is expected to grow from US$ 1,635.8 million in 2021 to US$ 2,891.7 million by 2028; it is estimated to grow at a CAGR of 8.5% from 2021 to 2028.Epinephrine is the most effective treatment for anaphylaxis; however, various studies indicate underutilization of this drug due to the high cost and low availability of the drugs and unawareness regarding the drug usage and anaphylactic onset. Many organizations are developing generic drugs for the treatment of anaphylaxis. In April 2020, Amphastar Pharmaceuticals made an announcement regarding winning an FDA approved for the new drug application of its epinephrine injection, USP 30mg/30mL (1mg/mL), available in multiple dose vials. This generic drug product is known to be equivalent to Adrenalin (Endo International and Par Pharmaceutical), and it is prescribed as an emergency treatment of allergic reactions (Type 1), including anaphylaxis. However, a limited number of players are operating in this segment.
The demand for epinephrine has been on the rise with limited product supply. As per the Pew Charitable Trusts, demand for epinephrine auto-injectors has increased in the last few years, and the number of EpiPen prescriptions in the US grew from ~2.5 million in 2011 to 3.5 million in 2015. The growth can be attributed to the high demand from schools.
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The report covers an in-depth analysis of the key market players within the market
1. Amneal Pharmaceuticals Inc.
2. Mylan N.V.
3. Adamis Pharmaceutical Corporation
4. Abbott
5. Pfizer Inc.
6. Glaxosmithkline Plc.,
7. Merck And Co., Inc.
8. Teva Pharmaceutical Industries Ltd.
9. ALK-ABELLó
Anaphylaxis is an allergic reaction that can further lead to a fatal condition known as anaphylactic shock. Anaphylaxis occurs when the patient's body reacts to a foreign substance and produces a high amount of histamine that triggers an inflammatory response. It is a severe, life threatening allergic reaction marked by indications such as swallowing and breathing difficulties, skin itching, and lowering blood pressure.
Thus, the rising incidence of anaphylaxis is expected to create a significant demand for anaphylaxis treatment in the coming years, which is further anticipated to drive the anaphylaxis treatment market.
In this report, the market has been segmented on the basis of:
North America Anaphylaxis Treatment Market by Types:
By Medication Type
• Epinephrine
• Antihistamines
• Steroids
• Beta-Agonist
• Others
By Allergy Type
• Food Allergy
• Medications
• Insect Stings
• Others
North America Anaphylaxis Treatment Market By Route of Administration:
• Parenteral
• Oral
• Others
By Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Others
By Country
• North America
o US
o Canada
o Mexico
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The "North America Anaphylaxis Treatment Market" forecast 2028 report analyses the present and future competitive scenario of the analytics industry. North America Anaphylaxis Treatment Market report offers an in-depth analysis on segments including top companies, products, applications, revenue and regions. a number of topics including likewise market share, drivers, trends and methods. This report additionally offers insights into the latest growth and trends. It encapsulates key aspects of the market, with focus on leading key player's areas that have witnessed the highest demand, leading regions and applications.
Market Analysis and Insights: North America Anaphylaxis Treatment Market
North America Anaphylaxis Treatment Market report elaborates the market size, market characteristics, and market growth of the North America Anaphylaxis Treatment industry, and breaks down according to the type, application, and consumption space of North America Anaphylaxis Treatment. The report also conducted a PESTEL analysis of the industry to check the most influencing factors and entry barriers of the industry.
Some of the key queries answered in this report:
• -What can we estimate about the anticipated growth rates and also the North America Anaphylaxis Treatment industry size by 2028?
• -What will happen in the coming existing and emerging markets?
• -Which are the five top players within the North America Anaphylaxis Treatment market?
• -How can the North America Anaphylaxis Treatment market change in the upcoming years?
• -Which product and application will take a share of the North America Anaphylaxis Treatment market?
• -What will be the CAGR and size of the North America Anaphylaxis Treatment market throughout the forecast period?
• -What are the market opportunities and challenges two-faced by the key vendors?
• -Who are the major competitors and what is their strategy?
• -What are the barriers to entry for new players in the market?
• -What would be the upcoming North America Anaphylaxis Treatment market behaviour forecast with trends, challenges, and drivers for development?
• -What business opportunities and dangers are faced by vendors in the market?
• -Which would be North America Anaphylaxis Treatment industry opportunities and challenges have faced by most vendors in the market?
• -What will be the outcomes of this market SWOT five forces analysis?
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