The medicine scopolamine is used to alleviate postoperative nausea and vomiting. Thus, during the course of the projection period, it is anticipated that an increase in surgeries will fuel market expansion. For instance, as reported by the Asiri Central's Brain and Spine Centre, Colombo will reach a landmark milestone in March 2020 when 10,000 neurosurgery procedures will have been completed since the facility opened in June 2010. Over the last five years, the hospital has averaged treating 1,000 patients annually. The market's leading competitors are implementing organic growth methods, such as product launches, which are anticipated to fuel market expansion over the coming years. For instance, Perrigo Company plc announced in October 2019 the reintroduction of the AB rated generic version of Transderm Scop (scopolamine 1.5 mg), used to treat the symptoms of nausea or vomiting. Manufacturer of over-the-counter consumer goods and specialty drugs is Perrigo Company plc. The increased frequency of surgeries is expected to cause the global scopolamine API market to grow more quickly over the projected period.
According to Coherent Market Insights, The market for scopolamine API is anticipated to reach a value of US$ 292.96 million in 2022 and grow at a CAGR of 5.3% from that year through the end of the forecast (2022-2030).
Major Players in the Scopolamine API Industry:
1. Aspen Holdings
The company was started in 1850 and is based in Durban, South Africa. For the treatment of a variety of acute and chronic illnesses, Aspen Pharmacare Holdings Ltd. (Aspen) offers both specialised and generic medications.Aspen concentrated its efforts in 2020 on satisfying the demand for dexamethasone pills, a steroid used on seriously ill patients during the COVID-19 pandemic.
2. LGM Pharma
The company was founded in 2005 and has its main office in Boca Raton, Florida, United States. A contract development and manufacturing company is LGM Pharma, LLC. The business offers manufacturing facilities, development of pharmaceutical products, and active pharmaceutical components. LGM Pharma introduced independent analysis services for pharmaceutical producers and developers in July 2021.
3. Midas Pharma GmbH
The business was started 1988 and is located in Ingelheim, Germany. The business provides goods, services, and knowledge along the whole pharmaceutical value chain, from raw materials and active pharmaceutical ingredients to finished goods and devices that are ready for the market.
4. Transo-Pharm Handels-GmbH
The company was founded in 1987 and is located in Siek, Schleswig-Holstein, Germany. The business produces and sells Medications. The Company provides a large selection of pharmaceutical chemicals and medications. Transo-Pharm is a pharmaceutical component distributor with full certification and licencing for the veterinary and healthcare sectors.
5. Merck KgaA
The company was started in 1668 and is based in Darmstadt, Germany. The business does medication research in cancer, neurological, autoimmune, and inflammatory illnesses. Additionally, it sells items for flat screens, the pharmaceutical, food, cosmetics, packaging, and coatings industries as well as products for cardiovascular, fertility, endocrinology, and over-the-counter use. Merck Introduced New Sustainable Packaging for Fertility Products in February 2023
6. Spectrum Chemical
The company was started in 1971 and is based in New Brunswick, New Jersey, United States. The company Spectrum Chemical Manufacturing Corporation produces and sells chemicals and lab supplies. The business provides solvents, amino acids, nutritional supplement ingredients, cosmetic and personal care ingredients, and pharmaceutical ingredients to manufacturing and research facilities.
7. Alkaloids Corporation
The company was established in 1967 and is based in Kolkata, West Bengal, India. Potent phytochemicals and botanical extracts are the focus of the company's identification, development, production, and distribution efforts. Major medicine manufacturers all over the world use a variety of phytochemicals produced by alkaloids as active pharmaceutical ingredients in their products.
Definition: Scopolamine, sometimes referred to as hyoscine or devil's breath, is a tropane alkaloid that can be manufactured naturally or synthetically and is an anticholinergic medicine that was once used to treat motion sickness and postoperative nausea and vomiting.
