Scopolamine API Market to Surpass US$ 442.72 Mn by 2030 With CAGR of 5.3% | Phytex Australia., Aspen Holdings, LGM Pharma, Midas Pharma GmbH

During the projection period, it is anticipated that the worldwide Scopolamine API Market will expand at a faster rate due to the rising prevalence of surgeries. For instance, a German-British academic publishing business called Springer Nature published an article in September 2020 stating that an average of 4,624 procedures are performed year in India, with the final national estimate after standardisation being 3,646 surgeries per 100,000 Indians.

Impact

The financial standing of companies in all industries, including the private healthcare sector, has been harmed by the COVID-19 epidemic and lockdowns in numerous nations throughout the world. The COVID-19 pandemic had an effect on the entire healthcare supply chain, particularly as a result of enforced lockdown in some areas. One area where the COVID-19 epidemic has had a big influence is private healthcare.

Due to the disruption in the availability of raw materials needed to make pharmaceuticals, the COVID-19 pandemic had a detrimental effect on the market for scopolamine API. Transporting raw materials between areas was impossible due to the poor connectivity between regional warehouses. The supply chain for the scopolamine API industry had been adversely impacted by this lack of raw materials and components. Therefore, it is anticipated that the COVID-19 pandemic will negatively affect the market for scopolamine API supply chain. Manpower constraints in China’s manufacturing facilities led to supply chain disruptions and limitations on product exports from India. This resulted from the quarantine measures that various Chinese provincial governments designed and implemented in reaction to the virus. The breakdown of logistical and transportation infrastructure, which impeded product access to and movement out of ports, had a further negative impact on supplies.

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Over the projected period, the market expansion is anticipated to be driven by changing government rules that require scopolamine formulations in specific pack sizes to be sold in regular retail shops. For instance, the U.K.’s Medicines and Healthcare Products Regulatory Agency (MHRA), which oversees the sale of drugs, medical devices, and blood components for transfusion, deemed a pack of 60 tablets of the drug hyoscine butylbromide (each tablet containing 10 mg) to be safe for sale through general retail establishments in February 2022.

Key Takeaways

Due to the rising prevalence of irritable bowel syndrome, the worldwide scopolamine API market is anticipated to have a CAGR of 5.3% over the course of the forecast period (IBS). For instance, a cross-section study was carried out in the internal medicine unit of a tertiary care hospital in multiple cities of Pakistan from June 2019 to August 2019 to ascertain the prevalence of irritable bowel syndrome in the healthy population and determine the characteristics of symptoms, according to an article published by Cureus, an open access general medical journal, in January 2021. The findings showed that Pakistan has a 33.2% prevalence of irritable bowel syndrome in the overall population.

Purity-wise, the market growth in 2022 is anticipated to be dominated by the 99% category. An antagonist for muscarinic acetylcholine receptors that is competitive and non-selective is present in scopolamine hydrobromide, which has a purity of 99.9%. (mAChR). The best results are shown when treating motion sickness.

Over the course of the projected period, the industrial scale segment is anticipated to rule the market. The industrial scale is the final level of scale up in the production of active pharmaceutical ingredients (API). The 100X batch, used by fully integrated contract research organisations and, more crucially, contract development and manufacturing organisations (CDMOs), is the scale at which routine product marketing is carried out.

Manus Aktteva Biopharma LLP, Aspen Holdings, Alkaloids Corporation, LGM Pharma, Prism Industries Ltd, Midas Pharma GmbH, Clearsynth, Transo-Pharm Handels-GmbH, Vital Laboratories Pvt. Ltd., Aktin Chemicals, Inc., Spectrum Chemical, Merck KgaA, Tiefenbacher API + Ingredients GmbH & Co. KG, and Alchem International Pvt. Ltd. are major players operating in the global scopolamine API market.

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Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Scopolamine API Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Scopolamine API Industry Impact

Chapter 2 Global Scopolamine API Competition by Types, Applications, and Top Regions and Countries
2.1 Global Scopolamine API (Volume and Value) by Type
2.3 Global Scopolamine API (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Scopolamine API Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Scopolamine API Market Analysis
Chapter 6 East Asia Scopolamine API Market Analysis
Chapter 7 Europe Scopolamine API Market Analysis
Chapter 8 South Asia Scopolamine API Market Analysis
Chapter 9 Southeast Asia Scopolamine API Market Analysis
Chapter 10 Middle East Scopolamine API Market Analysis
Chapter 11 Africa Scopolamine API Market Analysis
Chapter 12 Oceania Scopolamine API Market Analysis
Chapter 13 South America Scopolamine API Market Analysis
Chapter 14 Company Profiles and Key Figures in Scopolamine API Business
Chapter 15 Global Scopolamine API Market Forecast (2023-2030)
Chapter 16 Conclusions
Research Methodology