The quinine sulfate global market report 2024 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.
Quinine Sulfate 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 quinine sulfate market size has grown strongly in recent years. It will grow from $2.23 billion in 2023 to $2.41 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be 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 size is expected to see strong growth in the next few years. It will grow to $3.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to increasing focus on tropical disease treatment, rising healthcare expenditure in developing nations, demand for muscle relaxant medications, growing population in malaria-endemic areas, and improving the supply chain for raw materials. Major trends in the forecast period include increasing demand for generic anti-malarial drugs, rising investment in healthcare in emerging markets, technological integration in pharmaceutical production, growing regulatory emphasis on drug safety, and increased global focus on malaria eradication strategies.
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Scope Of Quinine Sulfate 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.
Quinine Sulfate Market Overview
Market Drivers –
Growing malaria incidence is expected to propel the growth of the quinine sulfate market going forward. Malaria is a life-threatening infectious disease caused by Plasmodium parasites, transmitted to humans through the bites of infected female Anopheles mosquitoes, leading to symptoms such as fever, chills, and flu-related illness. The rise in malaria cases is attributed to factors such as the development of drug-resistant strains, expanding mosquito habitats due to climate change, and insufficient healthcare. Quinine sulfate is used to treat malaria by killing the Plasmodium parasites responsible for the infection. It works by disrupting the parasite’s ability to grow and reproduce within red blood cells. For instance, in October 2023, according to the World Malaria Report 2023 published by the World Health Organization (WHO), a Switzerland-based United Nations agency, an estimated 249 million malaria cases were reported globally in 2022 across 85 endemic countries, reflecting a 5 million increase from 2021. Therefore, growing malaria incidence is driving the quinine sulfate market.
Market Trends –
Major companies operating in the quinine sulfate market are focusing on developing innovative solutions, such as efficient synthesis of quinine and its derivatives, to streamline the production process of quinine and its derivatives, reducing time, waste, and cost while enhancing chemical synthesis capabilities. The synthesis method for quinine sulfate involves chemical processes to create the compound in a lab, mimicking its natural extraction from the bark of the cinchona tree. This method allows for large-scale production of the drug for treating malaria. For instance, in December 2022, Tohoku University, a Japan-based research university, achieved efficient enantioselective synthesis of quinine. This research features an efficient one-pot synthesis of quinine and its derivatives, utilizing organocatalysts to streamline the process and reduce the number of steps required. This advancement is significant as it minimizes chemical waste, cuts production time, and potentially lowers costs, thereby facilitating the development of new medications and improving the overall synthesis efficiency.
The quinine sulfate market 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
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Regional Insights –
Asia-Pacific was the largest region in the quinine sulfate market in 2023. The regions covered in the quinine sulfate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Quinine Sulfate Market Characteristics
3. Quinine Sulfate Market Trends And Strategies
4. Quinine Sulfate Market – Macro Economic Scenario
5. Global Quinine Sulfate Market Size and Growth
…
32. Global Quinine Sulfate Market Competitive Benchmarking
33. Global Quinine Sulfate Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Quinine Sulfate Market
35. Quinine Sulfate Market Future Outlook and Potential Analysis
36. Appendix
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