Erdosteine Market Erdosteine: A Breath of Fresh Air for the Respiratory Market 2024-2031

Erdosteine Market to reach over USD 301.61 Mn by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Erdosteine Market Size, Share & Trends Analysis Report By End User (Pharmaceuticals, Research Institutes, Contract Manufacturing Organizations), Application (Bronchitis, Chronic Obstructive Pulmonary Disease, Nasopharyngitis), Region, Market Outlook And Industry Analysis 2031"

The global erdosteine market is estimated to reach over USD 301.61 Mn by 2024-2031, exhibiting a CAGR of 8.45% during the forecast period.

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Erdosteine, a medication with anti-free radical and mucolytic properties, holds significant growth potential. This is driven by two key factors:
• Rising Chronic Bronchitis Cases: There's a notable increase in bronchitis cases, particularly in the United States, the United Kingdom, and Spain. Erdosteine's effectiveness in reducing symptoms of acute flare-ups in chronic bronchitis makes it a valuable treatment option.

• Improved Global Healthcare Landscape: Advancements in science, product development, and technology have led to a positive shift in global healthcare demographics. Regular policy actions have reduced mortality rates, increased life expectancy, and eradicated previously life-threatening diseases.

The focus has shifted from treating common infectious diseases to controlling and preventing them through routine vaccinations, efficient diagnostics, and robust healthcare infrastructure. Increased spending on infrastructure, research and development, and healthcare services further supports this trend.

However, the contemporary healthcare sector also faces challenges. Increased air pollution, cigarette smoking, and tobacco use contribute to a rise in chronic lung diseases like bronchitis. This creates a strong financial incentive for preventative measures. Raising public awareness, offering routine checkups, and providing accessible diagnostic services and treatment options are crucial steps towards managing these chronic conditions.

List of Prominent Players in the Erdosteine Market:

• Shandong Luoxin Pharmaceuticals
• Shanghai Pukang Pharmaceutical
• Zhejiang Pharmaceutical Co. Ltd.

• Alitair Pharmaceuticals
• Berchemia Healthcare
• Delta Finochem Pvt. Ltd.
• Edmond Pharmaceuticals
• Hanmi Pharmaceuticals Co. Ltd.
• Hikma Pharmaceuticals
• Recipharm AB

Market Dynamics:
Drivers-
The expanding urban population and traffic congestion are also negatively impacting air quality. In rural regions, the use of wood as a fuel for cooking and other domestic services has increased exposure to fire and smoke, resulting in chronic respiratory diseases.

The modern world's rising stress levels have resulted in a lack of physical activity, increased cigarette usage, and smoking as a result of lifestyle changes. Erdosteine is a mucolytic drug that helps patients manage the symptoms of chronic obstructive pulmonary disease, allowing them to improve their quality of life and go about their daily activities without difficulty. As a result, the rising number of chronic obstructive pulmonary disease cases will propel the worldwide erdosteine market forward.

Challenges:
Low- and middle-income countries are home to a sizable part of the COPD population. Similarly, a significant number of COPD deaths occur in low- and middle-income nations. One of the reasons for this tendency is indoor pollution in developing countries produced by the use of wood fuel for cooking and other domestic activities.

These countries need more healthcare infrastructure, including insufficient pharmaceuticals, employees, and logistics. These countries have limited access to life-saving medications. These countries' big populations are excluded from the potential erdosteine market. As a result, low- and middle-income countries' healthcare infrastructure will pose a challenge to the global market.

Regional Trends:
The North America Erdosteine Market is expected to register a major market share in terms of revenue and is projected to grow at a high CAGR in the near future. The market's increasing acceptability is driving erdosteine demand. The North American region dominated the erdosteine market, which can be attributed to an increase in smoking, drug usage,

and alcohol consumption, as well as a rise in mental health disorders such as anxiety, restlessness, and suicidal thoughts, particularly among young individuals. The low perceived danger of e-cigarettes, attractive flavors, and expanding adolescent interest are expected to drive e-cigarette usage in the area, increasing the prevalence of COPD and increasing the erdosteine market share. During the forecast period, Asia Pacific will have a higher CAGR.

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Recent Developments:
• In April 2023, Recipharm secured a €25 million deal for Erdosteine API with Daewoong Pharmaceutical, a respiratory treatments company. This contract is for the manufacture and supply of Erdosteine API through 2025. Daewoong Pharmaceutical manufactures the completed Erdosteine product in its Korean plants.

Segmentation of Erdosteine Market-
By End-User-
• Pharmaceuticals
• Research Institutes
• Contract Manufacturing Organizations
• Others
By Application-
• Bronchitis
• Chronic Obstructive Pulmonary Disease
• Nasopharyngitis
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.