Research Nester released a report titled “Atropine Sulfate Market – Global Demand Analysis & Opportunity Outlook 2028″ which delivers a detailed overview of the atropine sulfate market in terms of market segmentation by product, by application, by distribution channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.
The atropine sulfate market is segmented by product, by application, by distribution channel, and by region. Based on the product, the atropine sulfate market is segmented into injection and ointment, out of which the injection segment is anticipated to dominate the market owing to the properties such as it is directly injected into veins and it starts working within a minute and lasts for an hour. Additionally, based on the distribution channel, the hospital pharmacy segment is expected to witness significant growth in terms of revenue, owing to the large application of intravenous therapy which can be performed through professionals.
The atropine sulfate market is anticipated to attain a significant CAGR during the forecast period, i.e. 2020-2028. Various market key players are engaged in extensive R&D activities which are further catching the attention of investors around the world. Additionally, the expansion of the pharmaceutical industry allowed them to invest extensively into R&D activities. Such factors are projected to strengthen the growth of atropine sulfate market growth in the coming years.
Based on the regional analysis, the atropine sulfate market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. On the basis of region, the markets in North America and Europe are expected to hold a significant share owing to the government support of various developed economies to their major market key players. The market in Asia Pacific region is projected to register substantial growth in the atropine sulfate market owing to the growth of major end-use industries in the coming years.
The surge in the rate of surgical services to propel the market growth
The global requirement of surgical services has improved significantly with the rising patterns of occurrence of the incidence. Surgical services are performing an imperative part of public health. The worldwide surge in the volume of operational surgeries is anticipated to propel the market growth of the atropine sulfate in the coming years. However, lethal side-effects of the drug along with the leaner demand and negative growth trend of the market are estimated to limit the growth of the atropine sulfate market.
This report also provides the existing competitive scenario of some of the key players of the atropine sulfate market which includes company profiling of Meridian Medical Technologies, Inc. (NYSE: PFE), Novartis AG (NYSE: EMN), Teligent (NASDAQ: TLGT), C(2)PHARMA, RESONANCE LABORATORIES (BOM: 524218), China Resources Double-crane Pharmaceutical Co., Ltd. (SHA: 600062), Albany Molecular Research Inc., Alchem International Pvt. Ltd., Saurav Chemicals Ltd., and Wuhan senwayer century chemical Co., Ltd.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the atropine sulfate market that will help industry consultants, manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies accordingly to the ongoing and expected trends in the future.
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