Press release
Global Atropine Market Size, Share, Forecasts 2023 - 2033 | Top key players: Syndnexis, Amegen Inc., Bayer AG, Zoetis Inc., Bristol Myers Squibb Company, Eli Lilly and Company, AdvaCare Pharma, and others.
Global Atropine Market Size
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The atropine market involves the development, production, and sale of atropine, a pharmaceutical compound used in various therapeutic applications. The increasing incidence of myopia and bradycardia is driving demand for atropine, with myopine being the most commonly marketed product. The FDA and DOD have collaborated on safety and efficacy requirements, leading to increased demand for atropine. The market is projected to exceed USD 279.99 million by 2033 due to these factors. the atropine market is expanding owing to its role in cardiac procedures and ophthalmology, particularly in treating eye disorders, particularly among the aging population, and its application in cardiac stress tests and surgeries. The growing need for surgical procedures and medical emergencies supports atropine's consistent market demand, which is further enhanced by its ability to effectively manage patients. However, adverse effects and contraindications derived from atropine usage may restrict the market growth.
The injectable segment held the greatest share in 2023 and is predicted to grow at a significant CAGR during the predicted period.
Based on the formulations, the global atropine market is categorized as injectables, oral, and ophthalmic. Among these, the injectable segment held the greatest share in 2023 and is predicted to grow at a significant CAGR during the predicted period. This is attributed to its rapid therapeutic effect, 100% bioavailability, sustained delivery, uniform absorption, precise dosing, and effectiveness in emergencies.
The ophthalmology segment accounted to grow at the highest pace in 2023.
Based on the indications, the global atropine market is categorized as gastroenterology, poisoning treatment, respiratory medicine, ophthalmology, cardiology, anesthesia, and others. Among these, the ophthalmology segment accounted to grow at the highest pace in 2023. The ophthalmology segment dominates the market due to ongoing clinical trials, research, and the increasing prevalence of eye disorders like myopia and atropine in diagnostic procedures.
The hospitals segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the end-user, the global atropine market is categorized as clinics, hospitals, ambulatory surgical centers, and retail pharmacies. Among these, the hospitals segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The segment's expansion is attributed to the availability of advanced services, individualized care, regular doctor visits, and intensive care unit (ICU) facilities for patients requiring immediate attention.
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North America is expected to hold the greatest share of the global atropine market over the forecast period
North America is expected to hold the greatest share of the global atropine market over the forecast period. North America's atropine market is dominated by advanced healthcare infrastructure, research investment, robust regulatory framework, chronic diseases, aging populations, leading pharmaceutical companies, and public awareness.
Asia Pacific is predicted to hold the fastest-growing region of the global atropine market throughout the estimated period. This is ascribed to healthcare sector expansion, increased investments, and high demand for improved services, bolstered by technological advancements.
Major key players in the global atropine market are Abbott Laboratories, Syndnexis, Amegen Inc., Bayer AG, Zoetis Inc., Bristol Myers Squibb Company, Eli Lilly and Company, AdvaCare Pharma, and others.
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Key Target Audience
Market Players
Investors
End-users
Government Authorities
Consulting and Research Firm
Venture capitalists
Value-Added Resellers (VARs)
Recent Development
In February 2024, Santen Pharmaceutical Co Ltd. announced that it had applied for manufacturing and marketing approval in Japan for the product STN1012700/DE-127 (generic name: atropine sulfate hydrate ophthalmic solution. DE-127 is an eyedrop treatment developed by Santen and the Singapore Eye Research Institute to slow myopia progression, containing 0.025% atropine sulfate hydrate.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global atropine market based on the below-mentioned segments:
Global Atropine Market, By Formulation
Injectables
Oral
Ophthalmic
Global Atropine Market, By Indication
Gastroenterology
Poisoning treatment
Respiratory Medicine
Ophthalmology
Cardiology
Anesthesia
Others
Global Atropine Market, By End-User
Clinics
Hospitals
Ambulatory Surgical Centers
Retail Pharmacies
Global Atropine Market, By Regional
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of the Middle East & Africa
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