Press release
Quinine Sulfate Market Size Projected To Reach $3.59 Billion By 2034 With A Cagr Of 8.3%
Quinine Sulfate
What Is the Projected Growth of the Quinine Sulfate Market?
The quinine sulfate market size will grow from $2.41 billion in 2024 to $2.62 billion in 2025 at a compound annual growth rate (CAGR) of 8.6%. The historic growth is attributed to increasing malaria prevalence, demand for anti-malarial treatments, rising pharmaceutical manufacturing, growing awareness of quinine's therapeutic uses, and rising demand in tropical regions.
The quinine sulfate market is expected to grow to $3.6 billion by 2029, with a CAGR of 8.3%. The growth is linked to a focus on tropical disease treatments, increased healthcare spending in developing countries, and demand for muscle relaxant medications. Trends include the demand for generic anti-malarial drugs, healthcare investments i
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What Are the Different Quinine Sulfate Market Segments?
The quinine sulfatemarket covered in this report is segmented -
1) By Type: 200mg, 300mg, Other Types
2) By Product: Quinine Sulfate Tablets, Quinine Sulfate Capsules, Quinine Sulfate Injections, Quinine Sulfate Powder, Quinine Sulfate Oral Solutions
3) By Distribution Channel: Hospitals, Retail Pharmacies, Online Pharmacies
4) By Application: Malaria, Problematic Leg Cramps, Lupus, Rheumatoid Arthritis, Other Applications
5) By End-User: Adults, Pediatrics, Geriatrics
Subsegments:
1) By 200 mg: Tablets, Oral Solutions, Capsules
2) By 300 mg: Tablets, Oral Solutions, Capsules
3) Other Types: Injectable Forms, Extended Release Formulations, Combination Products
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What Are the Primary Drivers Shaping the Quinine Sulfate Market?
The increasing incidence of malaria is expected to drive the growth of the quinine sulfate market in the future. Malaria is a severe disease caused by Plasmodium parasites, transmitted by infected Anopheles mosquitoes, and is marked by symptoms like fever, chills, and flu-like illness. The rise in malaria cases is due to factors such as the emergence of drug-resistant strains, the expansion of mosquito habitats from climate change, and inadequate healthcare. Quinine sulfate is used to treat malaria by killing the parasites that cause the infection, disrupting their ability to grow and reproduce in red blood cells. According to the World Health Organization (WHO) in October 2023, 249 million malaria cases were reported globally in 2022, marking a 5 million increase from 2021. As a result, the rising malaria incidence is fueling the quinine sulfate market.
Which Companies Are Leading in the Quinine Sulfate Market?
Major companies operating in the quinine sulfate market are Sanofi SA, Thermo Fisher Scientific Inc., Viatris Inc., Teva Pharmaceuticals, Sun Pharmaceutical Industries Ltd., Aurobindo Pharma, Dr. Reddy's Laboratories, Cipla Limited, Lupin Limited, Strides Pharma, Taj Pharmaceuticals, Wockhardt Ltd., Alchem International Private Limited, SimSon Pharma Limited, Hangzhou Dayang Co. Ltd., Haihang Industry Co. Ltd., Pharmakina SA, Aecochem Corp, Buchler GmbH, Prism Industries Private Limited, Shreeji Pharma International, Trademax Pharmaceuticals & Chemicals, Sihauli Chemicals Private Limited
What Quinine Sulfate Market Trends Are Gaining Traction Across Different Segments?
Companies in the quinine sulfate market are focused on improving the synthesis of quinine and its derivatives to streamline production and reduce costs. Tohoku University, a Japan-based research institution, achieved an efficient enantioselective synthesis of quinine in December 2022. This breakthrough method minimizes chemical waste, shortens production time, and lowers costs, potentially enhancing the development of new malaria treatments.
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What Are the Top Revenue-Generating Geographies in the Quinine Sulfate Market?
Asia-Pacific was the largest region in the quinine sulfate market in 2024. The regions covered in the quinine sulfate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Quinine Sulfate Market?
2. What is the CAGR expected in the Quinine Sulfate Market?
3. What Are the Key Innovations Transforming the Quinine Sulfate Industry?
4. Which Region Is Leading the Quinine Sulfate Market?
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What Will the Quinine Sulfate Industry Market Size Be by 2025?
In recent times, the quinine sulfate market has shown significant growth. The size of the market is projected to increase from $2.41 billion in 2024 to $2.62 billion in 2025, representing a compound annual growth rate (CAGR) of…
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What industry-specific factors are fueling the growth of the quinine sulfate market?
The escalation in occurrences of malaria is predicted to stimulate the expansion of the quinine sulfate market. Malaria, a deadly communicable ailment caused by Plasmodium parasites, is transmitted to humans via the stings of infected female Anopheles mosquitoes, leading to symptoms akin to fever, chills, and flu. The upsurge in malaria cases is credited to elements like emerging drug-resistant…
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