Papaverine is a smooth muscle relaxant, which is used for the treatment of cerebral as well as peripheral ischemia conditions. These conditions are secondary to arterial spasm, which includes vascular spasm associated with acute myocardial infarction, medical & pulmonary embolism, a peripheral vascular disease with vasospastic element, and angina pectoris. Papaverine is used to facilitate dilation of cerebral vessels before balloon angioplasty to treat non-occlusive mesenteric ischemia. It is further known to prevent spinal cord neurological injury in patients undergoing thoracoabdominal.
MARKET SCOPE
The Papaverine Market is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Papaverine Market with detailed market segmentation by type, Application, distribution channel, and geography. The report provides key statistics on the market status of the leading Papaverine Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the papaverine market is segmented into 30 mg/ml, and 20 mg/10ml
- On the basis of Application, the papaverine market is segmented into Oral Solid Formulation, Intravenous, Intrathecal, and Intramuscular.
- By distribution channel, the papaverine market is segmented into Retail Pharmacies, Hospital Pharmacies, Online Pharmacies, and Others.
MARKET DYNAMICS
Drivers:
- Adoption of a sedentary lifestyle is boosting the growth of the Papaverine market.
- The rise in the geriatric population thereby leads to the rise in the incidence of muscle spasms.
Restrains
- Lack of awareness among people about papaverine.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South And Central America. The Papaverine Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South And Central America after evaluating political, economic, social and technological factors affecting the Papaverine Market in these regions.
IMPACT OF COVID-19 ON PAPAVERINE MARKET
COVID-19 first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic has affected the growth of this market worldwide due to the business shutdown, worldwide lockdown, and supply and trade disruptions. While the situation is rapidly evolving, the pandemic had already disrupted the world in three ways the direct health impact the impact on the healthcare system, and the social and economic consequences of the pandemic. Patient visits to hospitals have been considerably reduced as a result of the lockdown in many nations. The pharmaceutical and biotechnology industries are expected to witness significant growth in the future, owing to the demand for vaccines and treatment drugs for COVID 19. This, in turn, is expected to have a significant impact on the papaverine market.
MARKET PLAYERS
The report covers key developments in the Papaverine Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the Papaverine Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Papaverine Market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Papaverine Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Sandoz
- American Regen
- Chengdu Brilliant Pharmaceutical Group
- Jiangsu Hengrui Medicine
- 3M
- Procter & Gamble
- Metrex
- STERIS Corporation
- Ecolab
- DowDuPont