WILMINGTON, DE / ACCESSWIRE / October 13, 2022 / Transparency Market Research Inc. - Rising adoption of anti-sedative agents for safe and quick reversal of sedative effects induced by dexmedetomidine and medetomidine in pets is a key pivot for expansion of profitable avenue for companies in atipamezole market. A TMR study on the growth dynamics found that intramuscular route of administration is expected to be largest revenue generator in atipamezole market. The atipamezole market size is projected to reach US$ 70 million by the end of 2030.
Growing regulatory approval of atipamezole solutions for injections in pets will spur future market demand for atipamezole market manufacturing. Veterinary hospitals are estimated to tap into the vast demand for atipamezole solutions in dogs and cats and other companion animals. On the other hand, the study authors observed that rise in investments by various pharmaceutical companies on expanding online pharmacies will also propel revenue streams.
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The TMR study found that leading players in atipamezole market are leaning on R&D for unveiling anti-sedation agents with high tolerability and effectiveness in recovery from anesthesia. Furthermore, drug manufacturers are taking initiatives in raising awareness of correct dosage of atipamezole and special precautions that pet owners and veterinarians need to exercise while administering the injections.
Key Findings of Atipamezole Market Study
- Use as Anti-sedative Agents in Dogs and Cats Underpins Abundant Opportunities: Growing adoption of atipamezole in anti-sedative agents in dogs and cats is generating substantial growth opportunities for companies in the market. Especially in case of health dogs, the injections have demonstrated good tolerability, hence stoking the popularity of products. Educating clinicians of the contraindications will boost the outlook of the atipamezole market, opined the study.
- R&D on Enhancing Tolerability and Safety of Atipamezole Solutions for Reversal of Medetomidine-Induced Sedation: Ongoing clinical studies and R&D by pharmaceutical companies will pave the way for increasing the tolerability and safety of anesthetic reversal agents. Stridently, the efforts will lead to new revenue streams for firms in the atipamezole market.
- Massive Research Potential in Sleep Disorder Medications in Adults: Growing demand for medications for insomnia and sleep disorders is creating an incredible revenue potential in atipamezole market. Prevalence of sleep disorders in adults is catalyzing research on ant-sedative agents.
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Atipamezole Market: Key Drivers
- Growing spending on pet care in conjunction with growing ownership of pets in developing and developed regions is a key driver of atipamezole market. Of note, ongoing clinical trials pertaining to medications that address complications of prolonged anesthesia in wide variety of species in veterinary medicine is likely to create tremendous lucrative opportunity for pharmaceutical companies.
- R&D in sleep-inducing drugs for humans holds a massive potential, pivoting on the need for reducing prevalence of insomnia, will open up several new growth frontiers in atipamezole market.
Atipamezole Market: Regional Growth Dynamics
North America held a major share of the global atipamezole market in 2019. Rise in pet ownership over the past few years coupled with improving infrastructure of veterinary hospitals for companion animals has created massive revenue potential. In addition, rising spending on pet care in the U.S. has generated substantial lucrative demand for ant-sedative products in the region, thereby stirring the commercialization of atipamezole ingredients. Rise in demand for quality animal healthcare services is bolstering the prospects of the atipamezole market in North America.
Atipamezole Market: Competition Landscape
Multinational pharmaceutical companies in atipamezole market are reaping substantial revenue gains on the back of product approvals by regulatory agencies in various geographies. Key players are keenly expanding their product portfolio.
Some of them are Troy Laboratories Pty Ltd, Forte Healthcare Ltd., Chanelle Pharma Group, Vetoquinol UK Ltd, Jurox Pty Limited, Orion Corporation, Modern Veterinary Therapeutics, and Merck & Co., Inc.
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Atipamezole Market Segmentation
- Antitoxic (Off-label Use)
Route of Administration
- Veterinary Hospitals
- Retail Pharmacies
- Online Pharmacies
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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