Phenylephrine Hydrochloride Market Grows Amid Increasing Demand for Effective Nasal Decongestants and OTC Medications | Thermo Fisher Scientific Inc., Hikma Pharmaceuticals PLC, Fresenius Kabi USA, Pfizer Inc.

Global phenylephrine hydrochloride market reached US$ 750 million in 2022 and is expected to reach US$ 1.2 billion by 2031, growing at a CAGR of 7.5% during the forecast period 2024-2031.

Phenylephrine Hydrochloride Market Report by DataM Intelligence offers a detailed assessment of the global pharmaceutical and healthcare landscape, highlighting market size, key players, and critical growth drivers. With a focus on emerging drug technologies, evolving treatment paradigms, and regulatory frameworks, the report delivers strategic insights to support stakeholders in navigating the rapidly advancing sector from 2025 to 2033.

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Phenylephrine Hydrochloride is a decongestant commonly used to relieve nasal congestion and increase blood pressure in hypotensive states. Market growth is influenced by widespread use in cold and flu medications, though recent regulatory reviews questioning efficacy in oral formulations may impact future demand.

Phenylephrine Hydrochloride Market Competitors Overview:

Thermo Fisher Scientific Inc., Hikma Pharmaceuticals PLC, Fresenius Kabi USA, Pfizer Inc., FUJIFILM Wako Pure Chemical Corporation, Merck KGaA, Sagent Pharmaceuticals, Inc., Dr. Reddy's Laboratories Inc., Ralington Pharma LLP and GRIFFITH OVERSEAS PVT. LTD. among others.

Important Industry Updates of 2023, 2024 and 2025:

✅ February 14, 2025: Somerset Therapeutics (via its Biorphen product) received FDA approval under the Competitive Generic Therapy designation for Phenylephrine Hydrochloride Injection USP, 500 mcg/5 mL single‐dose ampule, signaling enhanced competition in intravenous vasopressor formulations.

✅ May 15, 2025: Fresenius Kabi USA, LLC had its ANDA approved for phenylephrine hydrochloride injection 10 mg/mL, confirming regulatory status for generic intravenous use in hypotension in anesthesia settings

Methodology and Scope

The Phenylephrine Hydrochloride Market Report is built on a rigorous research methodology that integrates primary interviews, expert insights, and validated secondary data from company reports, industry publications, and reliable databases. Utilizing both bottom-up and top-down approaches, the analysis ensures high data accuracy through triangulation. The report covers current market dynamics, growth opportunities, and key strategic developments across global and regional markets.

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Phenylephrine Hydrochloride Market Segments Overview:

∎ By Type ((R)-(-)-Phenylephrine Hydrochloride, L(-)-Phenylephrine Hydrochloride, Others)
∎ By Application (Respiratory Disorders, Ophthalmic Disorders, Allergic Disorders, Others)
∎ By Route of Administration (Oral, Nasal, Intravenous, Ophthalmic, Others)
∎ By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies)

Regional Overview for Phenylephrine Hydrochloride Market:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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