Market Analysis: Global Cyanide Poisoning Treatment Market
Cyanide poisoning treatment market is growing at a steady CAGR in the forecast period of 2019-2026. Increasing research and development expenses and increase usage of fuel-burning appliances are some factors fueling the market growth.
Global Cyanide poisoning Treatment Market By Sources (Industrial Sources, Non-Industrial Sources, Others), Types (Acute Poisoning, Chronic Poisoning), Treatment Types (Supportive Treatment, Antidotal Treatment), Route of Administration (Injectable, Inhalation), Drugs (Sodium Thiosulfate, Amyl Nitrite, Hydroxocobalamin, Others), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retailers and Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026
Market Definition: Global Cyanide Poisoning Treatment Market
Cyanide is fast-acting poisonous chemical compound that can exist in various forms such as hydrogen cyanide, cyanogen chloride or in crystal form. Breathing cyanide gas causes lethal conditions which affects our health. . The severity of cases depends on the amount of cyanide inhaled by the person, route of exposure such as inhales, touch and oral, time duration towards such exposure. Cyanide poisoning occurs when you inhaled cyanide gas unintentionally, it prevents the use of oxygen to reach in the blood cells as a result cells of the blood die and organs stop working eventually. The ingestion of cyanide is affected more in the heart and brain then other organs.
· High consumption of cigarettes and combustion products of synthetic materials as cyanide is involved as ingredients is driving the market growth
· Growing chemicals and inorganics industries including electroplating, metal processing among others uses cyanide which boost the market growth
· Rising initiatives from healthcare professionals as well as from the government to protect patient from accidental cyanide poisoning is accelerating the market growth
· High demand of innovative technologies to address the effective treatment also acts as a market driver in the forecast period
· Limited availability of medicinal treatment options is restraining the market growth
· Lack of trained personnel and stringent safety regulations also hinders the market growth
· Patent expiration of innovative drugs and introduction generic drugs of branded version will impede the market growth
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Global Cyanide poisoning treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cyanide poisoning treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Players:
Few of the major competitors currently working in the global cyanide poisoning treatment market are Merck KGaA, Serb, CELGENE CORPORATION, Teva Pharmaceutical Industries Ltd, Hope Pharmaceuticals, Emergent BioSolutions Inc, Koninklijke Philips N.V Pfizer Inc, Swedish Orphan Biovitrum AB, Pharmonix Biologicals Private Limited, Microtroniks, Kronox Lab Sciences among others.
Research Methodology: Global Cyanide Poisoning Treatment Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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Key Developments in the Market:
· In June 2018, Hope Pharmaceuticals filed supplemental New Drug Application (sNDA) to the FDA for sodium thiosulfate injection for the preventive treatment of complication associated with the administration of a chemotherapeutic agent. Sodium thiosulfate has been previously approved by the FDA for the treatment of acute cyanide poisoning. The FDA approval, broadens the clinical indication of sodium thiosulfate which further enhances the company’s commercializing milestones landscape in the therapeutic area of poison prevention
· In September 2017, Emergent BioSolutions Inc has received approximately USD 63.00mm from Biomedical Advanced Research and Development Authority (BARDA) to develop antidote which is a spray device for the treatment of suspected acute cyanide poisoning. Under the five-year agreement, Emergent BioSolutions Inc will work with Southwest Research Institute in order to advance the clinical development activities. This fund will support preclinical development program for Emergent BioSolutions Inc’s lead candidate which will represent the major advances in the treating the patients
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