Global Ondansetron Hydrochloride (HMB) Market Size By Type (Purity 97%, Purity 98%), By Application (Ondansetron Hydrochloride Injection, Ondansetron Hydrochloride Oral Capsule), By End Use (Human, Veterinary), By Geographic Scope And Forecast
Report ID: 404809|No. of Pages: 202
Global Ondansetron Hydrochloride (HMB) Market Size By Type (Purity 97%, Purity 98%), By Application (Ondansetron Hydrochloride Injection, Ondansetron Hydrochloride Oral Capsule), By End Use (Human, Veterinary), By Geographic Scope And Forecast
Ondansetron Hydrochloride (HMB) Market Size And Forecast
Ondansetron Hydrochloride (HMB) Market size was valued at USD 755.73 Million in 2023 and is projected to reach USD 1,229.64 Million by 2031, growing at a CAGR of 6.26% from 2024 to 2031.
Demand due to rising prevalence of cinv and ponv is a key driver for the Ondansetron Hydrochloride (HMB) Market in north america, europe, and asia-pacific is the factor driving market growth. The Global Ondansetron Hydrochloride (HMB) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Ondansetron Hydrochloride (HMB) Market Definition
Ondansetron hydrochloride can be defined as a drug which is useful for prevention of vomiting and nausea as a result of cancer-related radiation therapy and chemotherapy, as well as vomiting and nausea following surgery. Ondansetron hydrochloride, also called Zofran or shortened as Ondansetron Hcl is used for the purpose of blocking the actions of a chemical named serotonin. This chemical shows a tendency to bind itself to some nerves and can trigger vomiting and nausea. As such, the blocking of serotonin is expected to lessen vomiting and nausea.
Ondansetron Hcl works in the patient’s stomach and blocks the signals to the brain which cause vomiting and nausea. The medicine is available only with a doctor’s prescription. It is available in different forms which include a disintegrating tablet, film, tablet, injection, and oral solution. Ondansetron hydrochloride can also be described as a type of serotonin receptor antagonist and an antiemetic. Ondansetron hydrochloride is either used with other medications or alone. The medicine is also occasionally prescribed for other uses.
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Global Ondansetron Hydrochloride (HMB) Market Overview
A major driver of the Ondansetron hydrochloride market is the increasing prevalence of chemotherapy-induced nausea and vomiting (CINV) and post-operative nausea and vomiting (PONV) in patients undergoing chemotherapy and other cancer-related treatments and surgeries. These effects of cancer-related treatment can be highly debilitating to patients and discourage them from undergoing proper treatment. As such, handling this aspect of cancer treatment is very important, which is done by doctors through the usage of Ondansetron Hydrochloride.
Another important factor driving the Ondansetron Hydrochloride market includes its usage in different healthcare settings, based on empirical evidence, clinical tests and research papers which have confirmed its efficacy. Various healthcare awareness programs and drives by non-profit organisations have also helped increase the use of ondansetron hydrochloride. As a result, the medication is now increasingly being used to manage vomiting and nausea associated with other types of medical conditions, such as migraine and gastroenteritis.
Given the side effects associated with ondansetron hydrochloride, there have been efforts to make its formulations more patient-friendly. As such, the pediatric sector of healthcare industry is also opening-up to the usage of ondansetron hydrochloride. This is a potentially large sector which can significantly benefit the ondansetron hydrochloride market. The efforts to reduce product price have also played a role in expanding the ondansetron hydrochloride market in emerging economies. It is expected that lowering of the medication’s prices can have a significant benefit in terms of expanding its sales in emerging markets of Asia-Pacific region such as India and China.
Regulatory approvals are a significant challenge which manufacturers of ondansetron hydrochloride products are always trying to overcome. Different countries and regions have different procedures to provide these approvals. They have different data submission, clinical trials, and regulatory review requirements. These can be highly stringent in certain cases such as those of the U.S. Food and Drug Administration (FDA). For instance, they have a high focus on drug safety and efficacy, resulting in rigorous post-market surveillance, adding to manufacturers’ development costs and regulatory compliance burdens. On the other hand, other countries such developing nations can have a highly fractured regulatory approval process which presents it’s own set of challenges.
Global Ondansetron Hydrochloride (HMB) Market: Segmentation Analysis
The Global Ondansetron Hydrochloride (HMB) Market is segmented on the basis of Type, Application, End Use, and Geography.
Ondansetron Hydrochloride (HMB) Market, By Type
- Purity 97%
- Purity 98%
- Purity 99%
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Based on Type, the market is segmented into Purity 97%, Purity 98%, and Purity 99%. Purity 97% accounted for the largest market share of 60.64% in 2023, with a market value of USD 459.73 Million and is projected to grow at the CAGR of 5.93% during the forecast period. Purity 98% was the second-largest market in 2023, valued at USD 175.85 Million in 2023; it is projected to grow at a CAGR of 6.52%.
Ondansetron Hydrochloride (HMB) Market, By Application
- Ondansetron Hydrochloride Injection
- Ondansetron Hydrochloride Oral Capsule
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Based on Application, the market is segmented into Ondansetron Hydrochloride Injection and Ondansetron Hydrochloride Oral Capsule. Ondansetron hydrochloride oral capsule accounted for the largest market share of 76.56% in 2023, with a market value of USD 578.60 Million and is projected to grow at the CAGR of 6.12% during the forecast period. Ondansetron hydrochloride injection was the second-largest market in 2023, valued at USD 177.14 Million in 2023; it is projected to grow at the highest CAGR of 6.71%.
Ondansetron Hydrochloride (HMB) Market, By End Use
- Human
- Veterinary
Based on End Use, the market is segmented into Human and Veterinary. Human segment accounted for the largest market share of 67.30% in 2023, with a market value of USD 508.58 Million and is projected to grow at the CAGR of 5.86% during the forecast period. Veterinary was the second-largest market in 2023, valued at USD 247.16 Million in 2023; it is projected to grow at the highest CAGR of 7.06%.
Global Ondansetron Hydrochloride (HMB) Market, By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East And Africa
Based on Geography, the Global Ondansetron Hydrochloride (HMB) Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East And Africa. North America accounted for the largest market share of 4902% in 2023, with a market value of USD 370.47 Million and is projected to grow at a CAGR of 5.95% during the forecast period. Asia-Pacific was the second-largest market in 2023, valued at USD 233.25 Million in 2023; it is projected to grow at the CAGR of 6.75%
Key Players
The “Global Ondansetron Hydrochloride (HMB) Market” study report will provide a valuable insight with an emphasis on the global market. Some of the prominent players in the market include Inke APIs, Beaukev, Cadila Pharmaceutical, Cambrex, and Dr. Reddys, Shodhana Laboratories, Teva Pharmaceutical Industries Ltd, Sms Pharmaceuticals Ltd., Gsk Plc, Sinopharm Chuankang Pharmaceutical Co., Ltd., Advacare Pharma.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, benchmarking and SWOT analysis.
Key Developments
- In April 2022, Inke will increase its inhalation API production capacity. The manufacturer of inhaled medicinal ingredients is planning to expand its manufacturing facilities in Barcelona, Spain, with an investment of €9 million (USD 9.8 million).
- In March 2024, Cadila Pharmaceuticals announced the release of Cadiflu Tetra, a quadrivalent influenza vaccine that the Drugs Controller General of India (DCGI) has approved for use in both adults and children. The vaccine mimics the external structure of the virus without containing any genetic material thanks to a proprietary technology that uses nanoparticle-sized particles.
- In January 2023, Cambrex acquired Snapdragon Chemistry, a renowned US company that offers a wide range of up-and-coming and well-established biopharma clients’ chemical process development services. With Snapdragon, Cambrex can further enhance its range of specialized solutions for pharmaceutical development and manufacturing. This is in addition to the company’s recent investments in continuous flow process development capabilities at its facility in High Point, North Carolina, strengthening its depth of experience in continuous flow manufacturing.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2031 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | Inke APIs, Beaukev, Cadila Pharmaceutical, Cambrex, Dr. Reddys, Shodhana Laboratories, Teva Pharmaceutical Industries Ltd, Sms Pharmaceuticals Ltd. |
| SEGMENTS COVERED | By Type, By Application, By End Use, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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Research Methodology of Verified Market Research
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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Frequently Asked Questions
1 INTRODUCTION
1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS
2 RESEARCH METHODOLOGY
2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP-DOWN APPROACH
2.1 RESEARCH FLOW
2.11 DATA SOURCES
3 EXECUTIVE SUMMARY
3.1 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET OVERVIEW
3.2 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET ESTIMATES AND FORECAST (USD MILLION), 2022-2031
3.3 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET ECOLOGY MAPPING
3.4 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET ABSOLUTE MARKET OPPORTUNITY
3.5 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET ATTRACTIVENESS ANALYSIS, BY REGION
3.6 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET ATTRACTIVENESS ANALYSIS, BY TYPE
3.7 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET ATTRACTIVENESS ANALYSIS, BY APPLICATION
3.8 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET ATTRACTIVENESS ANALYSIS, BY END USE
3.9 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.1 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET, BY TYPE (USD MILLION)
3.11 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET, BY APPLICATION (USD MILLION)
3.12 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET, BY END USE (USD MILLION)
3.13 FUTURE MARKET OPPORTUNITIES
3.14 PRODUCT LIFELINE
4 MARKET OUTLOOK
4.1 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET EVOLUTION
4.2 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET OUTLOOK
4.3 MARKET DRIVERS
4.3.1 DEMAND DUE TO RISING PREVALENCE OF CINV AND PONV
IS A KEY DRIVER FOR THE ONDANSETRON HYDROCHLORIDE MARKET IN NORTH AMERICA, EUROPE, AND ASIA-PACIFIC
4.3.2 GROWING ADOPTION IN DIVERSE HEALTHCARE SETTINGS
IS A KEY DRIVER FOR THE ONDANSETRON HYDROCHLORIDE MARKET IN NORTH AMERICA, EUROPE, AND ASIA-PACIFIC
4.4 MARKET RESTRAINTS
4.4.1 REGULATORY HURDLES AND PRICING PRESSURES ARE
CHALLENGES FACING THE ONDANSETRON HYDROCHLORIDE MARKET IN NORTH AMERICA, EUROPE, AND ASIA-PACIFIC
4.4.2 IMPACT OF GENERICS AND BIOSIMILAR ENTRIES ON THE
ONDANSETRON HYDROCHLORIDE MARKET IN NORTH AMERICA, EUROPE, AND ASIA-PACIFIC 54
4.5 MARKET OPPORTUNITY
4.5.1 UNTAPPED PEDIATRIC MARKETS IS A LUCRATIVE GROWTH
OPPORTUNITY FOR THE ONDANSETRON HYDROCHLORIDE MARKET IN NORTH AMERICA, EUROPE, AND ASIA-PACIFIC
4.5.2 EXPANSION INTO EMERGING MARKETS IN ASIA-PACIFIC
IS A LUCRATIVE GROWTH OPPORTUNITY FOR THE ONDANSETRON HYDROCHLORIDE MARKET 58
4.6 MARKET TRENDS
4.6.1 SHIFT TOWARDS PATIENT-FRIENDLY FORMULATIONS
IS A GLOBAL TREND IN THE ONDANSETRON HYDROCHLORIDE MARKET 60
4.6.2 INTEGRATION OF DIGITAL HEALTH TECHNOLOGIES IN THE
ONDANSETRON HYDROCHLORIDE MARKET IS A GLOBAL TREND FOR TECHNOLOGIES 62
4.7 PORTER’S FIVE FORCES ANALYSIS
4.7.1 THREAT OF NEW ENTRANTS:
4.7.2 BARGAINING POWER OF BUYERS:
4.7.3 BARGAINING POWER OF SUPPLIERS:
4.7.4 THREAT OF SUBSTITUTES:
4.7.5 INTENSITY OF COMPETITIVE RIVALRY:
4.8 MACROECONOMIC ANALYSIS
4.9 VALUE CHAIN ANALYSIS
4.10 PRICING ANALYSIS
5 MARKET, BY TYPE
5.1 OVERVIEW
5.2 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY TYPE
5.1 PURITY97%
5.2 PURITY98%
5.3 PURITY99%
6 MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY APPLICATION
6.3 ONDANSETRON HYDROCHLORIDE INJECTION
6.4 ONDANSETRON HYDROCHLORIDE ORAL CAPSULE
7 MARKET, BY END USE
7.1 OVERVIEW
7.2 NORTH AMERICA, EUROPE, AND ASIA-PACIFIC ONDANSETRON HYDROCHLORIDE MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY END USE
7.3 HUMAN
7.4 VETERINARY
8 MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 GERMANY
8.3.3 UK
8.3.4 FRANCE
8.3.5 ITALY
8.3.6 SPAIN
8.3.7 REST OF EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 INDIA
8.4.4 JAPAN
8.4.5 REST OF ASIA PACIFIC
8.5 LATIN AMERICA
8.5.1 BRAZIL
8.5.2 ARGENTINA
8.5.3 REST OF LATIN AMERICA
8.6 MIDDLE EAST AND AFRICA
8.6.1 UAE
8.6.2 SAUDI ARABIA
8.6.3 SOUTH AFRICA
8.6.4 REST OF MIDDLE EAST AND AFRICA
9 COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING ANALYSIS
9.3 COMPANY INDUSTRY FOOTPRINT
9.4 REGIONAL FOOTPRINT
9.5 ACE MATRIX
9.5.1 ACTIVE
9.5.2 CUTTING EDGE
9.5.3 EMERGING
9.5.4 INNOVATORS
10 COMPANY PROFILES
10.1 INKE APIS
10.1.1 COMPANY OVERVIEW
10.1.2 COMPANY INSIGHTS
10.1.3 BUSINESS BREAKDOWN
10.1.4 PRODUCTS BENCHMARKING
10.1.5 WINNING IMPERATIVES
10.1.6 CURRENT FOCUS & STRATEGIES
10.1.7 THREAT FROM COMPETITION
10.1.8 SWOT ANALYSIS
10.2 SHODHANA LABORATORIES
10.2.1 COMPANY OVERVIEW
10.2.2 COMPANY INSIGHTS
10.2.3 BUSINESS BREAKDOWN
10.2.4 PRODUCTS BENCHMARKING
10.2.5 WINNING IMPERATIVES
10.2.6 CURRENT FOCUS & STRATEGIES
10.2.7 THREAT FROM COMPETITION
10.2.8 SWOT ANALYSIS
10.3 CADILA PHARMACEUTICAL
10.3.1 COMPANY OVERVIEW
10.3.2 COMPANY INSIGHTS
10.3.3 BUSINESS BREAKDOWN
10.3.4 PRODUCTS BENCHMARKING
10.3.5 WINNING IMPERATIVES
10.3.6 CURRENT FOCUS & STRATEGIES
10.3.7 THREAT FROM COMPETITION
10.3.8 SWOT ANALYSIS
10.4 CAMBREX
10.4.1 COMPANY OVERVIEW
10.4.2 COMPANY INSIGHTS
10.4.3 BUSINESS BREAKDOWN
10.4.4 PRODUCTS BENCHMARKING
10.4.5 WINNING IMPERATIVES
10.4.6 CURRENT FOCUS & STRATEGIES
10.4.7 THREAT FROM COMPETITION
10.4.8 SWOT ANALYSIS
10.5 DR. REDDYS
10.5.1 COMPANY OVERVIEW
10.5.2 COMPANY INSIGHTS
10.5.3 BUSINESS BREAKDOWN
10.5.4 PRODUCTS BENCHMARKING
10.5.5 WINNING IMPERATIVES
10.5.6 CURRENT FOCUS & STRATEGIES
10.5.7 THREAT FROM COMPETITION
10.5.8 SWOT ANALYSIS
10.6 TEVA PHARMACEUTICAL INDUSTRIES LTD
10.6.1 COMPANY OVERVIEW
10.6.2 COMPANY INSIGHTS
10.6.3 BUSINESS BREAKDOWN
10.6.4 PRODUCTS BENCHMARKING
10.6.5 WINNING IMPERATIVES
10.6.6 CURRENT FOCUS & STRATEGIES
10.6.7 THREAT FROM COMPETITION
10.6.8 SWOT ANALYSIS
10.7 SMS PHARMACEUTICALS LTD.
10.7.1 COMPANY OVERVIEW
10.7.2 COMPANY INSIGHTS
10.7.3 BUSINESS BREAKDOWN
10.7.4 PRODUCTS BENCHMARKING
10.7.5 WINNING IMPERATIVES
10.7.6 CURRENT FOCUS & STRATEGIES
10.7.7 THREAT FROM COMPETITION
10.7.8 SWOT ANALYSIS
10.8 GSK PLC
10.8.1 COMPANY OVERVIEW
10.8.2 COMPANY INSIGHTS
10.8.3 BUSINESS BREAKDOWN
10.8.4 PRODUCTS BENCHMARKING
10.8.5 WINNING IMPERATIVES
10.8.6 CURRENT FOCUS & STRATEGIES
10.8.7 THREAT FROM COMPETITION
10.8.8 SWOT ANALYSIS
10.9 SINOPHARM CHUANKANG PHARMACEUTICAL CO., LTD.
10.9.1 COMPANY OVERVIEW
10.9.2 COMPANY INSIGHTS
10.9.3 BUSINESS BREAKDOWN
10.9.4 PRODUCTS BENCHMARKING
10.9.5 WINNING IMPERATIVES
10.9.6 CURRENT FOCUS & STRATEGIES
10.9.7 THREAT FROM COMPETITION
10.9.8 SWOT ANALYSIS
10.10 ADVACARE PHARMA
10.10.1 COMPANY OVERVIEW
10.10.2 COMPANY INSIGHTS
10.10.3 BUSINESS BREAKDOWN
10.10.4 PRODUCTS BENCHMARKING
10.10.5 WINNING IMPERATIVES
10.10.6 CURRENT FOCUS & STRATEGIES
10.10.7 THREAT FROM COMPETITION
10.10.8 SWOT ANALYSIS
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
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Industry Analysis Matrix
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