Acefylline Market Overview
Acefylline market size is projected to grow at a CAGR of 2.1%
during the forecast period 2022-2027. Acefylline also referred to as
acetyloxytheophylline, is a xanthine chemical class stimulant. It acts by
blocking adenosine receptors. It's combined with diphenhydramine in the
pharmaceutical etanautine to help counteract the drowsiness caused by
diphenhydramine. The growth can be attributed to the increasing demand for asthma agents
from pharmaceutical industry across various regions globally. The
accelerating demand for skin conditioning products in various regions is
further assisting the gacefylline market growth during the forecast
period. However, the use of acefylline as a bronchodilator agent is
being banned in various regions gradually over the coming years, which is
anticipated to impede the acefyllines market growth over the forecast
period.
COVID-19 Impact
The outbreak of COVID-19 had an
impact on the world economy and demand in major industries all over the world.
The pandemic scenario culminated in a worldwide lockdown and confinement of
industrial operations, commodities, supply-chain instability, and other
activities. The key acefylline end industries were also influenced by this
situation. The acefylline market's growth slowed in 2020 due to slow demand
from end-use industries. In the fourth quarter of 2020, the market, on the
other hand, was recovering, and businesses resumed operations with reduced
capacity and under government guidelines. However, all end-use industries were
fully operational by the beginning of 2021, resulting in high demand for
acefylline, as a result, the market is expected to grow at a rapid rate over
the forecast period.
Report Coverage
The report: “Acefylline Market Report – Forecast (2022-2027)”, by IndustryARC, covers an
in-depth analysis of the following segments of the Acefylline market.
Key Takeaways
- Asia-Pacific dominates the acefylline market, owing to the increasing medical & healthcare industry in the region. The increasing per capita income and evolving lifestyle of individuals coupled with the rising population are the major factors expanding the medical & healthcare industry in APAC.
- The rate of asthma patients has been surging around the globe. This factor is anticipated to significantly contribute toward market growth over the forecast period.
- However, the side effects of acefylline-based medications are acting as a major challenge for the Acefyllines market during the forecast period.
Acefylline Market Segment Analysis – By Packaging
The drum segment held the largest share in the acefylline market
in 2021 and is forecasted to grow at a CAGR of 2.5% during the forecast period
2022-2027. Drums, such as plastic, steel, and fiber drums, are ideal for
storing and transporting acefylline. Because bottles and bags are less capable
of holding or transferring toxic or hazardous materials, steel and plastic
drums are frequently used for acefylline packaging. Because of their
versatility, steel and fiber drums are an excellent choice for storing and
transporting large quantities of acefylline. They're also simple to palletize
and wrap, making them an excellent choice for acefylline bulk shipping. All of
these advantages of using plastic, steel, and fiber drums as packaging are
gaining segment traction.
Acefylline Market Segment Analysis – By End-Use Industry
The medical & healthcare segment held the largest share in the acefylline market in 2021 and is forecasted to grow at a CAGR of 3.6% during
the forecast period 2022-2027, owing to increasing usage of acefylline as a
pharmaceutical ingredient. Acefylline is recommended for treating
asthma, emphysema, and acute and chronic bronchitis associated with
bronchospasm. It acts as an adenosine receptor antagonist, owing to which this
medicine is used for treating symptoms of asthma and other breathing problems
such as bronchitis [infection of the respiratory tract (bronchioles)] and
bronchial asthma (breathing disorder). Furthermore, acefylline relaxes smooth
muscles, relieves bronchospasm & has a stimulant effect on respiration. Due
to this extensive characteristic of acefylline, it is being widely used in the medical
& healthcare sector, which is anticipated to drive the acefylline market
during the forecast period.
Acefylline Market Segment Analysis – By Geography
Asia-Pacific region held a significant share in the acefylline market in 2021 up to 42% and is forecasted to grow at a CAGR of 4.2% during the forecast period 2022-2027, owing to the increasing prevalence of chronic respiratory disease in APAC countries. For instance, in India, chronic respiratory conditions affect approximately 93 million people, with nearly 37 million of them being asthmatics. India accounts for 11.1 percent of the global asthma burden and over 42% of asthma-related deaths, making it the world's asthma capital. According to globalasthmareport.org, asthma affects about 6% of children and 2% of adults in India's 1.31 billion people. Despite improvements, the 2017-2018 Global Asthma Network (GAN) survey in Thailand found that asthma prevalence in children is still over 10%, with severe wheeze prevalence at 2%. The World Health Survey (WHS), a standardized questionnaire developed by the World Health Organization (WHO), gathered information on the prevalence of a variety of medical conditions among adults aged 18 to 45 years in a variety of countries around the world. Australia (21.5%), Sweden (20.2%), the United Kingdom (18.2%), the Netherlands (15.3%), and Brazil (21.5%) had the highest prevalence of clinical asthma. Thus, the demand for chronic respiratory medicines in the region is being aided by the prevalence of chronic respiratory disease in APAC, thereby dominating the acefylline market in the Asia-Pacific region.
Acefylline Market Drivers
Growing Chronic Respiratory Diseases
Asthma is a major chronic respiratory
disease, affecting both children and adults. According to the World Health
Organization (WHO), in 2019, approximately 262 million people were
afflicted by asthma, culminating in 461000 deaths. According to the
Centers for Disease Control and Prevention (CDC), asthma affects about one in
every twelve people in the United States or approximately 25 million people.
And it appears that the rate is rising. In 2016, asthma accounted for 9.8
million doctor's office visits, according to the Asthma and Allergy Foundation
of America (AAFA). Asthma was responsible for 178,530 hospital inpatient
discharges and 1.6 million emergency department visits in 2018. In 2019, 44.3
percent of asthmatic children aged 18 and under said they had one or more
asthma symptoms in the previous year. The increasing asthma cases are set to
increase the demand for asthma medication in the medical & healthcare
sector, and further drive the acefylline market growth during the forecast
period.
Increasing Demand for Skin Nourishment Products
Acefylline is often used in skin conditioners. Ictyane Hydra - Light Face Cream, and Ictyane Night - Ictyane Regenerating Night Care are a few illustrations that have acefylline in their product ingredients. The skincare industry has witnessed an increasing demand for its products in various regions. The demand for skin nourishment products has increased as a result of rising concerns about skin nourishment caused by a variety of factors such as the increased occurrence of acne, black spots, scars, dullness, and tanning. Consumer spending patterns on premium beauty care products are expected to change, supporting the market's overall growth. As a result of these factors, male end users have increased their demand for products like fairness creams and aftershave creams. According to the Men Grooming Survey 2019 conducted by Prima & Prep, 89.5 percent of men are concerned about skin issues, and 35.8% of men use skin nourishment and anti-aging items regularly. Since the skin nourishment segment is booming, the demand for its chemical ingredients such as acefylline is also significantly increasing. Thus, the increasing demand for skin nourishment acts as a driver for the acefylline market during the forecast period.
Acefylline Market Challenges
Side Effects of Acefylline
Acefylline medicine can have some unwanted side effects in addition to its beneficial effects. Even though not all of these side effects are likely to occur, if they do, medical attention may be required. Blurred vision, clumsiness, a crawling or tingling sensation on the skin, fever, irregular, twisting movement, especially of the face, arms, and legs, joint pain, skin rash or itching, and more are all rare side effects. Abdominal or stomach cramps or pain, diarrhea, dizziness, drowsiness, headache, muscle weakness, nausea or vomiting, tremors, and other side effects are less common. Thus, such side effects of acefylline-based medicines are anticipated to hamper the acefylline market growth.
Acefylline Industry Outlook
Technology launches,
acquisitions, and R&D activities are key strategies adopted by players in
the acefylline market. Global acefylline market top 10 companies are:
- 3B Scientific
- AlliChem
- Alfa Chemistry
- Merck & Co., Inc
- Cheng Du Micxy Chemical
- Waterstone Technology
- Hangzhou Yuhao Chemical Technology
- Chengdu XiYa Chemical Technology
- Wuhan Fortuna Chemical
- Xilamen Flint Chemical
Relevant Reports
Asthma and Copd Devices Market
– Forecast (2022 - 2027)
Report
Code: HCR 84738
Report
Code: HCR 35121
Report
Code: CMR HCR 78621
For more Lifesciences and Healthcare Market reports, please click here
LIST OF TABLES
1.Global Acefylline Market, by Type Market 2023-2030 ($M)2.Global Acefylline Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
3.Global Acefylline Market, by Type Market 2023-2030 (Volume/Units)
4.Global Acefylline Market Analysis and Forecast by Type and Application Market 2023-2030 (Volume/Units)
5.North America Acefylline Market, by Type Market 2023-2030 ($M)
6.North America Acefylline Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
7.South America Acefylline Market, by Type Market 2023-2030 ($M)
8.South America Acefylline Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
9.Europe Acefylline Market, by Type Market 2023-2030 ($M)
10.Europe Acefylline Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
11.APAC Acefylline Market, by Type Market 2023-2030 ($M)
12.APAC Acefylline Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
13.MENA Acefylline Market, by Type Market 2023-2030 ($M)
14.MENA Acefylline Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
LIST OF FIGURES
1.US Global Acefylline Industry Market Revenue, 2023-2030 ($M)2.Canada Global Acefylline Industry Market Revenue, 2023-2030 ($M)
3.Mexico Global Acefylline Industry Market Revenue, 2023-2030 ($M)
4.Brazil Global Acefylline Industry Market Revenue, 2023-2030 ($M)
5.Argentina Global Acefylline Industry Market Revenue, 2023-2030 ($M)
6.Peru Global Acefylline Industry Market Revenue, 2023-2030 ($M)
7.Colombia Global Acefylline Industry Market Revenue, 2023-2030 ($M)
8.Chile Global Acefylline Industry Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Acefylline Industry Market Revenue, 2023-2030 ($M)
10.UK Global Acefylline Industry Market Revenue, 2023-2030 ($M)
11.Germany Global Acefylline Industry Market Revenue, 2023-2030 ($M)
12.France Global Acefylline Industry Market Revenue, 2023-2030 ($M)
13.Italy Global Acefylline Industry Market Revenue, 2023-2030 ($M)
14.Spain Global Acefylline Industry Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Acefylline Industry Market Revenue, 2023-2030 ($M)
16.China Global Acefylline Industry Market Revenue, 2023-2030 ($M)
17.India Global Acefylline Industry Market Revenue, 2023-2030 ($M)
18.Japan Global Acefylline Industry Market Revenue, 2023-2030 ($M)
19.South Korea Global Acefylline Industry Market Revenue, 2023-2030 ($M)
20.South Africa Global Acefylline Industry Market Revenue, 2023-2030 ($M)
21.North America Global Acefylline Industry By Application
22.South America Global Acefylline Industry By Application
23.Europe Global Acefylline Industry By Application
24.APAC Global Acefylline Industry By Application
25.MENA Global Acefylline Industry By Application