The cholinergic drugs 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.
Cholinergic Drugs 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 cholinergic drugs market size has grown steadily in recent years. It will grow from $7.56 billion in 2023 to $7.83 billion in 2024 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to the increasing aging population, regulatory approvals, increasing healthcare expenditure, research and development efforts, and ongoing research and development activities.
The cholinergic drugs market size is expected to see steady growth in the next few years. It will grow to $9.21 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to expanding applications, economic growth in emerging markets, growing awareness and diagnosis, regulatory developments, and the rising prevalence of chronic diseases. Major trends in the forecast period include technological advancements, preference for sustainable and eco-friendly products, development of advanced cholinergic drugs with fewer side effects, rise in R&D activities for drugs, and technology innovation.
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Scope Of Cholinergic Drugs 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.
Cholinergic Drugs Market Overview
Market Drivers –
The increasing prevalence of neurological and psychiatric disorders is expected to propel the growth of the cholinergic drugs market moving forward. Neurological disorders are medical conditions that affect the nervous system, including the brain, spinal cord, and nerves. Psychiatric disorders are mental health conditions that affect a person’s mood, thinking, and behavior. The prevalence of neurological and psychiatric disorders is due to a combination of genetic, biological, environmental, and psychological factors that disrupt normal brain function and mental processes. Cholinergic drugs help treat neurological and psychiatric disorders by enhancing or mimicking the action of acetylcholine, improving neurotransmission, and alleviating symptoms related to conditions including Alzheimer’s disease, myasthenia gravis, and confident mood and anxiety disorders. For instance, in May 2024, according to the National Center for Biotechnology Information, a US-based Library of Medicine, the estimated number of Americans aged 65 and older living with Alzheimer’s disease is anticipated to increase from 6.9 million in 2024 to nearly 13 million by 2050. Furthermore, in 2024, according to the National Alliance On Mental Illness, a US-based organization, the U.S. aged 18-44, psychosis spectrum and mood disorders account for nearly 600,000 hospitalizations each year. Therefore, the increasing prevalence of neurological and psychiatric disorders is driving the growth of the anticholinergic drugs market.
Market Trends –
Major companies operating in the cholinergic drugs market are developing innovative products, such as neostigmine methylsulfate injection, to sustain their position in the market. Neostigmine methylsulfate injection is a cholinesterase inhibitor that enhances cholinergic activity by inhibiting the breakdown of acetylcholine. For instance, in June 2023, Hikma Pharmaceuticals plc, a UK-based pharmaceutical company, launched a Neostigmine Methylsulfate Injection USP in a prefilled syringe. This 3mg/3mL prefilled syringe (PFS) has been introduced in the United States and acts as a cholinesterase inhibitor. It is explicitly used to reverse the effects of nondepolarizing neuromuscular blocking agents (NMBAs) following surgical procedures. This innovative product offers a range of unique features designed to enhance the efficiency, accuracy, and safety of administering Neostigmine Methylsulfate. Prefilled syringes provide unparalleled convenience by eliminating the need for manual filling, reducing preparation time for healthcare professionals, and minimizing the potential for dosage errors.
The cholinergic drugs market covered in this report is segmented –
1) By Type: Powder, Tablet, Capsule
2) By Drug Type: Muscarinic Agonists, Nicotinic Agonists, Acetylcholinesterase Inhibitors
3) By Indication: Alzheimer’s Disease, Myasthenia Gravis, Glaucoma, Overactive Bladder, Schizophrenia
4) By Application: Hospital Pharmacy, Retail Pharmacy
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Regional Insights –
North America was the largest region in the cholinergic drugs market in 2023. The regions covered in the cholinergic drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the cholinergic drugs market are Pfizer Inc., Johnson & Johnson Services Inc., Abbvie Inc., Sanofi S.A., Novartis AG, GlaxoSmithKline plc, Gilead Sciences Inc., Boehringer Ingelheim GmbH, Daiichi Sankyo Company Limited, UCB S.A., Sun Pharmaceutical Industries Ltd., Eisai Pharmaceutical Co. Ltd., Aurobindo Pharma Limited, Ono Pharmaceutical Co. Ltd., Hikma Pharmaceuticals plc, Lupin Limited, H Lundbeck A/S, Alvogen Inc., Mylan N.V., Nicox S.A, Allergan India Private Limited
Table of Contents
1. Executive Summary
2. Cholinergic Drugs Market Report Structure
3. Cholinergic Drugs Market Trends And Strategies
4. Cholinergic Drugs Market – Macro Economic Scenario
5. Cholinergic Drugs Market Size And Growth
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27. Cholinergic Drugs Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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