Epinephrine Market Trends, Size, Analysis, Top Players 2021-2031
The epinephrine market was estimated to be US$ 2.63 Bn in 2021 and US$ xx Bn in 2023. It is expected to reach US$ 5.85 Bn by 2031 and record a CAGR of 8.3% until 2031. Continued advancements in delivery methods, such as needle-free injectors and connected devices, will likely remain key epinephrine market trends.
Epinephrine Market Analysis
The rising number of anaphylaxis cases is expected to grow in the epinephrine market. Anaphylaxis, a life‑threatening allergic reaction causes symptoms such as wheezing, skin redness and itching, breathing and swallowing difficulties, accelerated heart rate (tachycardia), rapid breathing rate (tachypnoea), and falling blood pressure. Multiple organ systems of the human body may get involved. Exposure to an allergen (insect stings, foods, or medicines) leads to anaphylaxis that is recognized as a non-self by the human body. As per the Allergy and Asthma Network Organization 2023, one in every twenty americans have experienced anaphylaxis.
Epinephrine Market Overview
The global epinephrine market is segmented by region into North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. The key factors that are responsible for the epinephrine market growth of market include rising number of anaphylaxis cases and introduction of generic epinephrine is expected to boost the growth of the market over the years. However, lack of availability of epinephrine auto injectors and their low-cost alternatives is likely to have a negative impact on the growth of the market in the coming years.
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Epinephrine Market: Strategic Insights
Market Size Value in US$ 2,247.87 Million in 2018 Market Size Value by US$ 4,207.88 Million by 2027 Growth rate CAGR of 8.3% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Epinephrine Market: Strategic Insights
| Market Size Value in | US$ 2,247.87 Million in 2018 |
| Market Size Value by | US$ 4,207.88 Million by 2027 |
| Growth rate | CAGR of 8.3% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Epinephrine Market Drivers and Opportunities
Increasing prevalence of Allergies is Likely to Favor The Market.
Rising number of people suffering from allergies such as food, drug, pet, pollen among others drives the demand for epinephrine as a first line of treatment for allergy reactions. As per the Asthma and Allergy Foundation of America’s 2024 report, one in three US adults and one in four US children have some type of allergy. Owing to these factors, the epinephrine is gaining importance.
Expanding Epinephrine Drug Development Pipeline
The launch of the first generic epinephrine and the increasing number of epinephrine pipeline are presenting massive opportunities to the market players for business expansion worldwide.
A few of the epinephrine products in the pipeline are mentioned below:
- Aquestive Therapeutics, Inc., a specialty pharmaceutical company, is developing AQST-108, which is an oral, sublingual film formulation delivering systemic epinephrine. It uses company-proprietary PharmFilm technologies.
- Bryn Pharma is developing a needle-free, small, affordable, easy to use epinephrine nasal spray, an alternative to epinephrine autoinjectors for the treatment of anaphylaxis.
Epinephrine Market Report Segmentation Analysis
Key segments that contributed to the epinephrine market analysis derivation are services and applications.
- Based on product type, the epinephrine market is segmented into prefilled syringes, auto-injectors, and ampoules and vials. In 2023, the auto-injectors segment held the largest share of the market. Moreover, the same segment is expected to grow at the fastest rate during the forecast period.
- The epinephrine market has been segmented by application into anaphylaxis, superficial bleeding, respiratory disorders, and cardiac arrest. In 2023, the anaphylaxis segment held the largest share of the market by end user. Moreover, the same segment is expected to grow fastest during the forecast period.
- By distribution channel, the epinephrine market is segmented into hospital pharmacies, online pharmacies, and retail pharmacies. The retail pharmacies segment held the largest share of the market in 2023 and the same segment is estimated to register the highest CAGR in the market during the forecast period.
Epinephrine Market Share Analysis by Geography
The geographic scope of the epinephrine market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America includes US, Canada, and Mexico. North America holds the most significant share in the epinephrine market, with the US holding the largest market share, followed by Canada. The US holds the largest share of the epinephrine market, which is attributed to easy access to epinephrine, growing government policies to access epinephrine to school-going children, and rising incidences of allergic reactions. Also, the development of generic epinephrine is the key factor driving the growth of the epinephrine market across the country. The market in Canada and Mexico is expected to grow owing to the rising supply of generic epinephrine by various market players and increasing incidences of anaphylaxis in the region.
Asia Pacific region is expected to be the fastest-growing region among all other regions. The growth of the market in the Asia Pacific region is expected to grow at a faster pace owing to factors such as the rising prevalence of allergies and anaphylaxis, the growing pharmaceutical sector, improving healthcare infrastructure, and favorable regulatory scenarios. Additionally, increasing investments in order to boost research activities are projected to drive the Asia Pacific epinephrine market during the forecast period.
Epinephrine Market Report Scope
Epinephrine Market News and Recent Developments
The epinephrine market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for epinephrine and strategies:
- In March 2024, Aquestive Therapeutics, Inc., a pharmaceutical company focused on advancing medicines released positive topline clinical data from its Phase 3 pivotal pharmacokinetic (PK) clinical study of Anaphylm™ (epinephrine) Sublingual Film. (Source: Company Press Release)
- In December 2023, Nasus Pharma announced its additional phase 2 study (NP-006-Epinephrine) confirming the superiority and safety of its lead FMXIN002 Intranasal Epinephrine product. (Source: Company Press Release)
Epinephrine Market Report Coverage and Deliverables
The “Epinephrine Market Size and Forecast (2022–2030)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type ; Application ; Distribution Channel ; and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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