Atropine Sulfate Market Segmentation By Product (Injection and Ointment); By Application (Ophthalmology, Gastrointestinal, Neurology, and Others); By Distribution Channel (Hospital Pharmacy, Retail Pharmacy and Online Pharmacy) – Global Demand Analysis & Opportunity Outlook 2028

Buy Now Report ID: 2535 | Published Date: Feb 07, 2023

Growth Drivers

The steady growth of the APAC market over the years

Asia Pacific (APAC) healthcare market is displaying steady growth with no signs of stopping as a result of revised and improved access to healthcare facilities amidst increased government and private investments. Further, the increasing government initiatives to improve the healthcare market in Asia are responsible for escalating the market growth. Technological contributions are also leading to progress, such as digital medical records, telemedicine, robot nurses, and more. Advanced technologies have changed the condition of hospitals and medical services. Cumulatively, this has resulted in a rise in the demand for healthcare services and pharmaceutical products in the Asia Pacific region. This factor is anticipated to lead to the growth of the atropine sulfate drug market at a significant rate in the coming years. 

Increase in the rate of surgical services

Surgical services are recognized to be an essential component of the public health system. Surgical services occur in every setting, from developed countries to underdeveloped countries, and the worldwide necessity of surgeries has increased greatly with the shifting patterns of disease. Little is known about the actual worldwide need and availability of surgical volumes since only circumstantial evidence exists. However, surgery is anticipated to have an increased role in public health owing to epidemiological transition. The worldwide volume of surgery is large and increasing along with high number of deaths and major surgical procedures rates. With the increasing demand for surgical services, the market growth of the atropine sulfate is anticipated to flourish in the coming years.  

Atropine Sulfate Market Graph
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Market Size and Forecast

The global atropine sulfate drug market is expected to expand at a significant CAGR during the forecast period i.e., 2020-2028. The atropine sulfate drug market is thriving on the back of the increased volume of surgical services worldwide along with the expansion of major applications of drug in the body such as gastrointestinal, ophthalmology, neurology, and others. The rising number of key market players has caught the attention of investors around the world, allowing them to invest in the atropine sulfate drug market to increase growth. These are some of the major factors that are anticipated to drive the growth of the market during the forecast period. The atropine sulfate market is segmented by product, by application, by distribution channel and by region. Based on product, the atropine sulfate market is segmented into injection and ointment, out of which, the segment for injections is anticipated to dominate the market owing to the properties such as ease of administration since the drug is directly injected into veins and it starts working within a minute and the effect lasts for about an hour. Based on distribution channel, the market is further divided into hospital pharmacies, retail pharmacies and online pharmacies. Out of these, the segment for hospital pharmacy is estimated to hold the largest market share owing to the large number of ophthalmic surgeries taking place around the world.



Falling demand due to lethal side effects

Association of various lethal side-effects and contraindications of atropine sulfate has hampered with the market growth of the drug. Adverse reactions of atropine include ventricular fibrillation (a life-threatening situation with inadequate heart rhythm), ventricular tachycardia (a condition in which the ventricles beat very quickly), extreme confusion, photophobia, and others. Additionally, it contraindicated in people with glaucoma, pyloric stenosis, or benign prostatic hyperplasia. In spite of all the advantages, contraindications and adverse effects of the atropine sulfate are threatening to the lives of patients. This factor is estimated to restrict the growth of the atropine sulfate drug market over the forecast period.

Leaner demand and negative growth in past to restrict market growth

Atropine was earlier included in international resuscitation guidelines for use in cardiac arrest but was later removed in 2010 due to a lack of effectiveness. Additionally, the low cost of production and less profit margin led to a shortage of atropine sulfate supply globally. Many companies shut down their production of atropine due to incurred losses. This factor is predicted to hamper the future growth of the atropine sulfate drug market.

Market Segmentation

In-depth analysis of the global atropine sulfate market includes the following segments:

By Product Type:

  • Injection
  • Ointment

By Application Type:

  • Ophthalmology
  • Gastrointestinal
  • Neurology
  • Other

By Distribution Channel Type:

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy

By Region Type

On the basis of regional analysis, the global atropine sulfate market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The markets in North America and Europe are expected to hold significant market shares owing to the presence of some of the major market key players that are also traditional suppliers of medicinal drugs. Additionally, the presence of some of the major economies in these regions includes the US, Germany, UK, France, Canada, Italy, Spain, and others. The markets in Asia Pacific and the Middle East & Africa regions are projected to register substantial growth in the atropine sulfate market in the coming years. This rise in demand can be attributed to the growth of major end-use industries.  Globally, the market has a strong potential for growth. There have been an increasing number of investments by global companies in these regions to strengthen their presence.

Atropine Sulfate Market Graph

The global atropine sulfate market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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Top Featured Companies Dominating the Market



In The News

  • On October 9, 2018, Alcon, the eye care division of Novartis, announced the expansion of its surgical products along with other related products used during clinical ophthalmic procedures. These included various cycloplegic, diagnostic, mydriatic and anesthetic products such as ISOPTO® Atropine (atropine sulfate ophthalmic solution) 1%, CYCLOGYL® (cyclopentolate hydrochloride ophthalmic solution, USP) and various others.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Author Credits:  Radhika Gupta, Shivam Bhutani

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