USD 1083.78 million
Report ID: SQSG35I2034 | Region: Global | Published Date: September, 2022 | Pages: 157 | Tables: 63 | Figures: 75
Global N-Acetylcysteine Market size was valued at USD 1083.78 million in 2021 and is poised to grow from USD 1316.79 million in 2022 to USD 7598.08 million by 2030, growing at a CAGR of 21.5% in the forecast period (2023-2030).
Acetylcysteine (NAT) is a chemical used to treat paracetamol (acetaminophen) overdoses and to release thick mucus in people suffering from chronic respiratory ailments such as pneumonia and bronchitis. Lactobezoar can be treated in newborns using it. It can be injected, consumed, or inhaled as a mist. Many individuals use it as a dietary supplement. Nausea and vomiting are frequent adverse effects when taken by mouth. After taking the drug, some people experience skin redness and irritation. Non-immune anaphylaxis is also conceivable. It is considered safe during pregnancy. To combat paracetamol overdose, it raises glutathione levels, an antioxidant that neutralises paracetamol's harmful breakdown products. It functions as a mucolytic when inhaled, lowering mucus thickness.
US N-Acetylcysteine Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1083.78 million
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The Global N-Acetylcysteine Market is segmented based on the Component, Type, Application, and Region. Based on the Type, the Global N-Acetylcysteine Market is segmented as Spray and Tracheal Drip and Tablet. Based on the Application, the Global N-Acetylcysteine Market is segmented as Medicine, Nutritional Supplements, and Tablet. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
N-Acetylcysteine Market Analysis by Application
In terms of type, tablet dominated the global market in 2021 and is projected to show a similar trend over the forecast period. Rising demand for N-Acetylcysteine for the treatment of acetaminophen intoxication, as well as growing usage of N-Acetylcysteine in the healthcare industry, are projected to help the market. The demand for acetaminophen is growing, as are the cases of paracetamol overdose. Indeed, in countries such as the United Kingdom, Australia, and the United States, the prevalence of paracetamol overdose is higher than the rate of paracetamol itself. Paracetamol poisoning instances, for example, have increased by more than 40% in the United Kingdom and Australia during the previous decade.
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North America is predicted to have the greatest market share due to considerable R&D in the medical industry. The business is booming as researchers work to find a treatment for HIV. Because of China's enormous manufacturing base, Asia Pacific is expected to develop significantly. The use of n-acetylcysteine for paracetamol intoxication is predicted to drive a significant increase in Europe. Eastern and southern Africa will account for over 52% of all HIV-infected persons by 2020. Because of the growing number of HIV patients, Latin America, the Middle East, and Africa will experience a significant increase by the end of the projection period.
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N-Acetylcysteine Market Driver
Growing Demand from The Health Industry
N-Acetylcysteine Market Restraint
N-Acetylcysteine Side Effects
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The primary means through which the corporation competes in the global market are innovation and commercial expansion. To compete, these businesses use a range of business methods, such as long-term supply agreements with several distribution channels. Major corporations have increasingly concentrated on entering Asian markets in recent years due to the availability of a target consumer base in the region.
N-Acetylcysteine Market Top Player's Company Profiles
N-Acetylcysteine Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global N-Acetylcysteine Market Analysis, With the efficient control of the Covid-19 outbreak, sales of Acetylcysteine in the Chinese market will increase from 2022 to 2028. Furthermore, with the advent of additional manufacturers, the price of acetylcysteine is likely to fall. There is opportunity for expansion in terms of both sales volume and sales.
|Market size value in 2021||USD 1083.78 million|
|Market size value in 2030||USD 1316.79 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global N-Acetylcysteine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global N-Acetylcysteine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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