Epinastine market Size, Share, Growth, and Industry Analysis, By Type (Tablets, Capsule, Eye Drops), By Application (Conjunctivitis, Allergy, Asthma, Eczema, Perennial Allergic Rhinitis, Seasonal Allergic Rhinitis, Psoriasis, Pruritus and Others), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

epinastine market Report Overview

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The global epinastine market size was USD 604.75 million in 2022 and market is projected to touch USD 1582.88 million by 2032 at CAGR 10.1% during the forecast period.

Epinastine is a type of medicine that belongs to the class of antihistamines. Antihistamines are substances that block the action of histamine, a chemical that is released by the immune system when it detects an allergen. Histamine causes symptoms such as itching, swelling, redness, and watery eyes.

It is used to treat allergic conjunctivitis, which is an inflammation of the conjunctiva, the thin layer of tissue that covers the white part of the eye and the inner surface of the eyelids. Allergic conjunctivitis can be caused by various triggers, such as pollen, dust, animal dander, or cosmetics. Epinastine works by preventing histamine from binding to its receptors in the eye, as well as stabilizing the mast cells that produce histamine and inhibiting the release of other inflammatory mediators. Epinastine is applied as eye drops and has a fast and long-lasting effect.

COVID-19 Impact: Pandemic Decreased the Market Demand due to Travel Restrictions

The COVID-19 pandemic has had a significant impact on the epinastine market share. The COVID-19 pandemic has posed some challenges for the market, such as supply chain disruptions, regulatory hurdles, and economic slowdown. The lockdowns and travel restrictions imposed by various countries have affected the production and distribution of Epinastine, leading to shortages and price fluctuations4. The pandemic has also delayed the approval and launch of new formulations and products of Epinastine, such as oral tablets and capsules5. Furthermore, the pandemic has reduced the disposable income and purchasing power of consumers, which may hamper the growth of the Market in some regions

Latest Trends

"Increasing Research and Development Activities to Fuel the Growth in the Market"

One of the recent trends in the Market is the increasing research and development activities to improve the efficacy, safety, and convenience of Epinastine. For instance, some studies have explored the potential of Epinastine as a treatment for other allergic conditions, such as rhinitis, asthma, eczema, psoriasis, and pruritus. Some studies have also investigated the pharmacokinetics, pharmacodynamics, and pharmacogenetics of Epinastine to optimize its dosage and administration. Moreover, some studies have evaluated the combination of Epinastine with other drugs or agents to enhance its therapeutic effects. Another recent trend in the Market is the expansion of its geographical reach and customer base. For example, some companies have entered into strategic partnerships, collaborations, and agreements with local distributors, retailers, and online platforms to increase their market presence and penetration.

epinastine market Segmentation

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• By Type Analysis

According to type, the market can be segmented into tablets, capsule, and eye drops.

• By Application Analysis

Based on age, the market can be divided into conjunctivitis, allergy, asthma, eczema, perennial allergic rhinitis, seasonal allergic rhinitis, psoriasis, pruritus and others.

Driving Factors

"Rising Prevalence and Incidence of Allergic Conjunctivitis to Foster the Market Growth"

One of the driving factors for the market is the rising prevalence and incidence of allergic conjunctivitis and other related disorders worldwide. According to a report by The Lancet Global Health Commission on Global Eye Health, allergic conjunctivitis affects about significant part of the global population and is one of the leading causes of ocular morbidity. The report also states that allergic conjunctivitis is more common in low- and middle-income countries, where environmental factors such as air pollution, dust mites, pollen, and animal dander are more prevalent. Additionally, genetic factors such as family history, atopy, and immune system dysregulation can also increase the risk of developing allergic conjunctivitis.

"Growing Demand for Effective and Convenient Treatment Options to Result in the Expansion of the Market"

Another driving factor for the Market is the growing demand for effective and convenient treatment options for allergic conjunctivitis. According to a survey by Allergy UK, a charity organization that supports people with allergies, lot of people with allergic conjunctivitis experience symptoms that interfere with their daily activities such as work, school, social life, and sleep. The survey also reveals that lot of people with allergic conjunctivitis are dissatisfied with their current treatment options due to side effects such as dryness, burning, stinging, blurred vision, or systemic effects such as drowsiness or headache. Therefore, there is a high demand, which has a multi-action effect that inhibits the allergic response in three ways: stabilizing mast cells, preventing histamine binding to receptors, and preventing the release of pro-inflammatory mediators

Restraining Factor

"Availability of Alternative Therapies to Hamper the Market Growth"

One of the restraining factors for the Market is the availability of alternative therapies and products for allergic conjunctivitis. For instance, some people may prefer to use natural or herbal remedies such as chamomile tea, honey, aloe vera, or turmeric to soothe their eye irritation or inflammation. Some people may also opt for homeopathic or ayurvedic treatments that claim to cure or prevent allergic conjunctivitis by balancing the body’s energy or doshas.

epinastine market Regional Insights

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"Asia Pacific to Lead the Market Owing to the Growing Awareness and Education about Eye Health and Allergies"

Asia Pacific region has shown the highest epinastine market growth. The main factors driving the growth of this region are the increasing prevalence of allergic conjunctivitis, the rising awareness about eye health, and the growing disposable income of consumers.

Key Industry Players

"Key Players Are Employing Advanced Technologies In Order To Stimulate Further Growth Of The Market"

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Sun Pharma (India)
• Jigs Chemical (India)
• Apotex Corp (Canada)
• Akorn (U.S.)
• Allergan (Ireland)
• Boehringer Ingelheim (Germany)

Report Coverage

This report examines an understanding of the epinastine market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.