Glycopyrrolate Market Insights
Glycopyrrolate Market Size, Share & Trends Analysis Report by Type (Glycopyrrolate Tablet, Glycopyrrolate Solution), By Application (Hospital, Clinic), and Region, By End-use, And Segment Forecast Period-2022 – 2028
Glycopyrrolate is an anticholinergic medicine and a racemic mixture of two enantiomers utilized in the treatment of peptic ulcers in adults. Glycopyrrolate is also used to treat hyperhidrosis, severe drooling, and COPD caused by specific neurologic disorders for instance cerebral palsy in children 3 to 16 years of age. Various brand names of glycopyrrolate are Bevespi, Breztri, Cuvposa, Dartisla, Enurev Breezhaler, and others.
Glycopyrrolate Market Dynamics
Increasing chronic diseases such as chronic obstructive pulmonary diseases (COPD) in the elderly population is a major factor driving the glycopyrrolate market.
Growing regulatory standards and side effects of glycopyrrolate are expected to hamper the growth of the glycopyrrolate market.
Growing patient population and surging clinical trials, and rising R&D activities are anticipated to bring lucrative opportunities for the glycopyrrolate market.
COVID-19 Analysis of Glycopyrrolate Market
The glycopyrrolate market has been severely impacted since the COVID-19 epidemic in many different parts of the world. Shipments were impacted during the initial lockdown due to a labor shortage and the closure of a manufacturing facility. The pandemic’s initial effects on China were tremendous. However, the nation’s circumstances have stabilized, and all product and service production rates have increased. As a result, COVID-19’s overall impact on the glycopyrrolate market is high.
Glycopyrrolate Market Report Coverage
|Report Attributes||Report Details|
|Historical Year||2018 – 2020|
|By Type||Glycopyrrolate Tablet, Glycopyrrolate Solution|
|By Application||Hospital, Clinic|
|By geography||North America: U.S., Canada, Mexico
Europe: Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe
Asia Pacific: China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile, Rest of Latin America
The Middle East and Africa: GCC, Turkey, Israel, Rest of MEA
Glycopyrrolate Market Segment Analysis
The type segment is categorized into glycopyrrolate tablet and glycopyrrolate solution. The tablet segment is anticipated to dominate the type segment in the glycopyrrolate market. The factors contributing to the growth of the tablet segment are the high shelf life and easy maintenance of tablets. Moreover, the high accuracy of dose consumption is the factor boosting the growth of the glycopyrrolate market.
By Application, the segment includes hospitals and clinics. The hospital segment is supposed to dominate the growth of the glycopyrrolate market. Due to the high rate of patient admissions and convenient pharmacies stored in hospitals. Moreover, hospitals supporting health insurance policies drive the glycopyrrolate market.
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America in the glycopyrrolate market. Europe is expected to dominate the growth of the regional glycopyrrolate market. As peptic ulcers and their complications are more prevalent in the North of England and Scotland. Further, surging clinical trials and the launch of novel drugs in the region are projected to boost the growth of the market.
Glycopyrrolate Market Competitive Landscape
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), Application innovation, various business strategies, and Type launches have accelerated the growth of the Glycopyrrolate market.
- Stellar Chemical Laboratories Pvt.
- Invent Farma
- Suven Life Sciences Limited
- Infa Group
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