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Unlocking Potential: Anticholinergic Drugs Market Growth and Opportunities in 2024
As per the report, the anticholinergic drugs market size has grown strongly in recent years. It will grow from $5.40 billion in 2023 to $5.82 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The anticholinergic drugs market size is expected to see strong growth in the next few years. It will grow to $7.94 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
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Impact Of Increasing Prevalence Of Chronic Diseases On The Anticholinergic Drugs Market
The increasing prevalence of chronic diseases is expected to drive the growth of the anticholinergic drugs market going forward. Chronic disease is a long-lasting condition that typically requires ongoing medical attention and can limit daily activities or quality of life. The prevalence of the chronic disease is due to altered habits, inheritance, and exposure to chemicals, toxins, and pollutants in the air. Anticholinergic drugs are beneficial in managing certain chronic diseases by targeting and reducing the effects of excessive cholinergic activity in the body. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based medicine library, the number of people aged 50 and above who suffer from one or more chronic illnesses is expected to increase by 99.5% by 2050, from 71.52 million in 2020 to 142.66 million. Therefore, the increased prevalence of chronic diseases drives the growth of the anticholinergic drugs market.
Development Of Pre-Operative Medications In The Anti-Cholinergic Drugs Market
Major companies operating in the anticholinergic drugs market are developing innovative products, such as pre-operative medications, to strengthen their position in the market. Pre-operative medications refer to drugs administered to patients before surgical procedures to achieve specific therapeutic goals such as reducing anxiety, managing pain, inducing sedation, preventing nausea and vomiting, and providing antibiotic prophylaxis. For instance, in November 2022, Alembic Pharmaceuticals Ltd., an Indian-based pharmaceutical company, launched a glycopyrrolate injection approved by the Food and Drug Administration (FDA). This medication is indicated for use as a pre-operative antimuscarinic to reduce salivary, tracheobronchial, and pharyngeal secretions and decrease gastric secretions' volume and free acidity. This cost-effective alternative enhances access to reliable treatment for healthcare providers and patients, emphasizing Alembic's commitment to affordable healthcare solutions.
The anticholinergic drugs market covered in this report is segmented -
1) By Type: Synthetic Compounds, Natural, Semi-Synthetic Compounds
2) By Route Of Administration: Parental, Oral, Topical
3) By Application: Overactive Bladder, Parkinson Disease, Chronic Obstructive Pulmonary Disease, Muscle Spasms, Irritable Bowel Syndrome
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
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Major companies operating in the anticholinergic drugs market are Pfizer Inc., Abbvie Inc., Sanofi SA, AstraZeneca plc, Novartis AG, Glaxosmithkline plc, Boehringer Ingelheim International GmbH, Astellas Pharma Inc., Sun Pharmaceutical Industries Ltd., Macleods Pharmaceuticals Ltd., Perrigo Company plc, Aurobindo Pharma Limited, Torrent Pharmaceuticals Ltd., Hikma Pharmaceuticals plc, Endo International plc, Lupin Limited, Glenmark Pharmaceuticals Ltd., Alkem Laboratories Limited, Indivior plc, Hisamitsu Pharmaceutical Co. Inc., Viatris Inc., Cogentix Medical Inc.
Contents of the report:
1. Executive Summary
2. Anticholinergic Drugs Market Report Structure
3. Anticholinergic Drugs Market Trends And Strategies
4. Anticholinergic Drugs Market - Macro Economic Scenario
5. Anticholinergic Drugs Market Size And Growth
…..
27. Anticholinergic Drugs Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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