The global epinephrine market is expected to reach US$ 4,207.88 Mn in 2027 from US$ 2,247.87 Mn in 2019. The market is estimated to grow with a CAGR of 8.3% from 2020-2027.
The growth of the epinephrine market is estimated to due to driving factors such as increasing anaphylaxis cases and introduction of generic version of epinephrine are expected to boost the market growth over the years. On the other hand the market is expected to have restricted growth due to lack of availability of epinephrine auto injectors and their low-cost alternatives.
Epinephrine is the most effective treatment for anaphylaxis; however, various studies indicate underutilization of this drug due to high cost, lack of availability, unawareness regarding usage procedure and anaphylactic onset, etc. With steep price hike over the past decade, the lack of affordable alternatives have caused trouble for the patient to access this drug. EpiPen is an injection device that dispenses epinephrine, and people with severe allergies have been relying on it in case of life-threatening allergic reactions. Epinephrine alone is a generic drug, but the EpiPen is a drug-device combination product, which makes it difficult to replicate and get FDA approval for competitors. Therefore, there are limited number of players in this space. Moreover, the demand for epinephrine has been on the rise with limited product supply. As per the Pew Charitable Trusts, demand for epinephrine auto-injectors has increased in the last few years, and the number of EpiPen prescriptions in the US grew from ~2.5 million in 2011 to 3.5 million in 2015. The growth can be attributed to the high demand from schools.
Mylan has been a dominant player in the epinephrine auto-injector market since long. However, in 2018, Teva Pharmaceutical received the generic version FDA approval for its epinephrine auto-injector. This approval is the first generic version of the most widely prescribed epinephrine auto-injector in the US. It is expected to advance access to lower cost, safe, and effective generic alternatives in the future. Patients usually don't have enough choice in medication for such life-threatening conditions; however, as more generics enter the market, providers and patients have more choices.
The epinephrine market is segmented into type, application and distribution channel. Based on type the market is segmented as prefilled syringes, auto-injectors, ampoules and vials. On the basis of application the market is divided into anaphylaxis, superficial bleeding, respiratory disorders, and cardiac arrest. And based on the distribution channel the market is categorized as retail pharmacies, hospital pharmacies, and online pharmacies
Some of the important primary and secondary sources included in the report are, Food and Drug Administration (FDA), World Health Organization (WHO), Brazilian Society of Allergy and Immunology, Australasian Society of Clinical Immunology and Allergy, European Medicines Agency, Dubai Health Authority, and others.
Reasons to Buy:
The growth of the epinephrine market is estimated to due to driving factors such as increasing anaphylaxis cases and introduction of generic version of epinephrine are expected to boost the market growth over the years. On the other hand the market is expected to have restricted growth due to lack of availability of epinephrine auto injectors and their low-cost alternatives.
Epinephrine is the most effective treatment for anaphylaxis; however, various studies indicate underutilization of this drug due to high cost, lack of availability, unawareness regarding usage procedure and anaphylactic onset, etc. With steep price hike over the past decade, the lack of affordable alternatives have caused trouble for the patient to access this drug. EpiPen is an injection device that dispenses epinephrine, and people with severe allergies have been relying on it in case of life-threatening allergic reactions. Epinephrine alone is a generic drug, but the EpiPen is a drug-device combination product, which makes it difficult to replicate and get FDA approval for competitors. Therefore, there are limited number of players in this space. Moreover, the demand for epinephrine has been on the rise with limited product supply. As per the Pew Charitable Trusts, demand for epinephrine auto-injectors has increased in the last few years, and the number of EpiPen prescriptions in the US grew from ~2.5 million in 2011 to 3.5 million in 2015. The growth can be attributed to the high demand from schools.
Mylan has been a dominant player in the epinephrine auto-injector market since long. However, in 2018, Teva Pharmaceutical received the generic version FDA approval for its epinephrine auto-injector. This approval is the first generic version of the most widely prescribed epinephrine auto-injector in the US. It is expected to advance access to lower cost, safe, and effective generic alternatives in the future. Patients usually don't have enough choice in medication for such life-threatening conditions; however, as more generics enter the market, providers and patients have more choices.
The epinephrine market is segmented into type, application and distribution channel. Based on type the market is segmented as prefilled syringes, auto-injectors, ampoules and vials. On the basis of application the market is divided into anaphylaxis, superficial bleeding, respiratory disorders, and cardiac arrest. And based on the distribution channel the market is categorized as retail pharmacies, hospital pharmacies, and online pharmacies
Some of the important primary and secondary sources included in the report are, Food and Drug Administration (FDA), World Health Organization (WHO), Brazilian Society of Allergy and Immunology, Australasian Society of Clinical Immunology and Allergy, European Medicines Agency, Dubai Health Authority, and others.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the epinephrine market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global epinephrine market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Table of Contents
1. Introduction
3. Research Methodology
4. Epinephrine- Market Landscape
5. Epinephrine Market - Key Dynamics
6. Epinephrine Market - Global Analysis
7. Epinephrine Market Analysis and Forecast - By Product Type
8. Epinephrine Market Analysis and Forecast - By Application
9. Epinephrine Market Analysis and Forecast - By Distribution Channel
10. Epinephrine Market - Geographic Analysis
11. Epinephrine Market -Industry Landscape
12. Epinephrine Market- Key Company Profiles
13. Appendix
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Companies Mentioned
A selection of companies mentioned in this report includes:
- MYLAN N.V
- Abbott
- ALK ABELLO
- Amneal Pharma
- Kaleo
- LINCOLN MEDICAL LTD (BioProject)
- Teva Pharmaceuticals Ltd
- Adamis Pharmaceuticals Corporation (Novartis AG)
- Emirade
- Aurum Pharma (Ethypharm Group Company).
