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India Acetazolamide Market

Dec. 1, 2019

India Acetazolamide Market, By Formulation (Tablets, Capsules, and Injection), By Application (Glaucoma, Epilepsy, Drug-induced Edema, Altitude Sickness, Fluid Retention, Heart Failure and Seizure, and Others), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy), Global Forecast, 2020-2025.

Report Code :FMR282      
Pages :210 Pages
Format :   PPT Format   PDF Format

India Acetazolamide Market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020 and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of 4.10% during the forecast period (2020-2025). Acetazolamide is used by most people to prevent high-altitude illness, which is characterized by headache, nausea, vomiting and fatigue (often referred to as acute mountain sickness, but may affect the brain or lungs in different individuals). Acetazolamide in especially used in army for treatment of  altitude sickness may support the market growth during the forecast period.

Table 1. India Acetazolamide Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Formulation)

Tablets, Capsules, and Injection

Market Segmentation (By Application)

Glaucoma, Epilepsy, Drug-induced Edema, Altitude Sickness, Fluid Retention, Heart Failure and Seizure, and Others

Market Segmentation (By Distribution Channel)

Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy

Key Players Coverage

Nakoda Chemicals, Emcure Pharma. Aquatic Remedies Pvt Ltd.Novast Laboratories Ltd., Cadila Healthcare Zydus Pharmaceuticals Inc., Lannett Company, Inc., Strides Shasun Limited, and X-GEN Pharmaceuticals, Inc, Teva Pharmaceutical Industries Ltd., Accord Healthcare Ltd., Grevis Pharmaceuticals Private Limited Intas Pharmaceuticals Limited, Heritage Pharmaceuticals Inc., Nostrum Laboratories Inc, among others

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

 

Market Dynamics

Acetazolamide may be used as an effective therapeutic drug for gliomas patients to minimize resistance to chemotherapy. Researchers at the University of Chicago investigated acetazolamide, and published in the journal Science Translational Medicine, July 2018, stating that, altitude sickness drug, acetazolamide, helps to overcome resistance to chemotherapy drug temozolomide (TMZ). Further, researchers also found that, acetazolamide when taken with TMZ, resulted in 30 to 40% increase in survival in animal models. Additionally, acetazolamide is also indicated for adjective edema treatment due to congestive heart failure, drug-induced edema; centrencephalic epilepsy. Moreover, growing incidence of glaucoma and related risk factors such as high myopia, asthma, eye surgery or accident, and elevated blood pressure are anticipated to provide a favorable future growth for drug producers. For instance, in 2019, the WHO estimated that 4.5 million people are blind due to glaucoma in India. Nevertheless, side effects associated with excessive use of acetazolamide may impede the market growth.

Figure 1. Acetazolamide Market Scenario Forecast (Likely, Conservative, and Optimistic Scenario), 2019 and 2025 (US$ Mn)

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

The increasing demand for various drugs and its production has seen an upsurge in the last few years. Additionally, governmental investments in healthcare sector is an added advantage & may act as a potential driver for acetazolamide market. Moreover, the increasing number of tourists also support the market growth. For instance, the tourists’ interest in zipline, bungee jumping and other aerial activities in hill stations, may support the market growth. As acetazolamide is used for preventing sickness before the start of climb.

CompetitIve Landscape

The major players in India acetazolamide market include: Nakoda Chemicals, Emcure Pharma. Aquatic Remedies Pvt Ltd.Novast Laboratories Ltd., Cadila Healthcare Zydus Pharmaceuticals Inc., Lannett Company, Inc., Strides Shasun Limited, and X-GEN Pharmaceuticals, Inc, Teva Pharmaceutical Industries Ltd., Accord Healthcare Ltd.,  Grevis Pharmaceuticals Private Limited Intas Pharmaceuticals Limited, Heritage Pharmaceuticals Inc., Nostrum Laboratories Inc., among others.

These leading players face competition from local players, majority of players are focusing on development of new products. For instance, in February 2019, India-based Alembic Pharmaceuticals announced the FDA’s approval for its new drug application Acetazolamide extended-release capsules, 500 mg. it is used in adjunctive treatment of chronic simple (open-angle) glaucoma, secondary glaucoma

Figure 2. Market Share of Key Players, 2019

 

Note: Above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

By Formulation

  • Tablet
  • Capsules
  • Injection

By Application

  • Glaucoma
  • Epilepsy
  • Drug-induced Edema
  • Altitude Sickness
  • Fluid Retention
  • Heart Failure and Seizures
  • Others

By Distribution Channel

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy
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Note: This report provides an in-depth analysis of the India acetazolamide market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the India acetazolamide market?
  • What key factors are expected to increase the demand for India acetazolamide market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the India acetazolamide market?
  • What is the total market value (US$ Mn) generated in India acetazolamide market by formulation in 2019 and what are the forecasts by 2025?
  • Which distribution channel is expected to dominate the India acetazolamide market in the coming years?
  • Which application contributes the highest CAGR (%) in the acetazolamide market?
  • What was the total revenue generated by the India acetazolamide market in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the India acetazolamide market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the India acetazolamide market?
  • What new products are going to be approved or launched in the coming years which may have a huge impact on the market?
  • What insights are derived through the analysis of key players on the following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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