The anticholinergic drugs from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Anticholinergic Drugs Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 growth in the historic period can be attributed to the growing elderly population, the prevalence of chronic diseases, the expansion of healthcare infrastructure, changing lifestyles and environmental factors, improved diagnostic techniques, and early detection of disease conditions.
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%. The growth in the forecast period can be attributed to increasing healthcare expenditure, expanding applications, patient awareness and education, increasing focus on personalized treatment approaches, and expanding research centers in emerging countries. Major trends in the forecast period include technological innovations, strategic collaborations, product innovation, expansion of research centers, and increasing investments.
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Scope Of Anticholinergic Drugs Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Anticholinergic Drugs Market Overview
Market Drivers –
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.
Market Trends –
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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Regional Insights –
North America was the largest region in the anticholinergic drugs market in 2023. Asia- Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the anticholinergic drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Anticholinergic Drugs Market Report Structure
3. Anticholinergic Drugs Market Trends And Strategies
4. Anticholinergic Drugs Market – Macro Economic Scenario
5. Global Anticholinergic Drugs Market Size and Growth
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32. Global Anticholinergic Drugs Market Competitive Benchmarking
33. Global Anticholinergic Drugs Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Anticholinergic Drugs Market
35. Anticholinergic Drugs Market Future Outlook and Potential Analysis
36. Appendix
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