Mercury Poisoning Treatment Market Is Anticipated to Expand at a CAGR of ~5% from 2020 to 2030
Mercury Poisoning Treatment Market: Introduction
Transparency Market Research has published a new report titled, ‘Global Mercury Poisoning Treatment Market ’. According to the report, the global mercury poisoning treatment market was valued at US$ 32 Mn in 2019 and is projected to expand at a CAGR of ~5% from 2020 to 2030. Mercury poisoning is caused due to consumption of mercury. Most of the mercury toxicity comes from the environment. The most common cause of mercury poisoning is consumption of too much methylmercury or organic mercury, which is linked to eating seafood. Mercury itself is naturally occurring, but the amount in the environment has increased due to industrialization, coal combustion, and mining. Mercury could have toxic effects on the nervous, digestive, and immune systems, and on lungs, kidneys, skin, and eyes.
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According to the WHO, mercury is considered one of the top ten chemicals or groups of chemicals of major public health concern. Methylmercury is quite different from ethylmercury. Ethylmercury is used as a preservative in some vaccines and does not present a health risk. Human activity is the leading cause of mercury release, particularly coal-fired power stations and residential coal burning for heating & cooking, industrial processes, waste incinerators, and mining for mercury, gold, and other metals. Inhalation of mercury vapor could have harmful effects on the nervous, digestive, and immune systems, lungs, and kidneys, and could be fatal.
In terms of drug, the global mercury poisoning treatment market has been classified into chelating agents, combination therapy with chelating agents, and plasma exchange hemodialysis plasmapheresis. The chelating agents segment captured the largest market share in 2019. The segment is expected to expand at the highest CAGR during the forecast period, owing to rise in need & demand for diagnosis among patients. The chelating agents segment has been split into Dimercaprol or British anti-Lewisite (BAL), dimercaptosuccinic acid (DMSA), DMPS, penicillamine, and others.
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Based on type, the global mercury poisoning treatment market has been bifurcated into acute mercury poisoning and chronic mercury poisoning. The acute mercury poisoning segment held major share of the global market in 2019. In terms of form, the global mercury poisoning treatment market has been categorized into inorganic mercury, elemental mercury, and organic mercury. The elemental mercury segment accounted for the largest market share in 2019.
Based on treatment type, the global mercury poisoning treatment market has been divided into supportive treatment and antidotal treatment. The antidotal treatment segment captured the largest share of the market in 2019. In terms of route of administration, the global mercury poisoning treatment market has been split into injectable and oral. The injectable segment held significant market share in 2019. Based on distribution channel, the global mercury poisoning treatment market has been divided into hospital pharmacies, online pharmacies, and retail pharmacies. The hospital pharmacies segment accounted for leading share of the market in 2019.
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Mercury Poisoning Treatment Market: Prominent Regions
North America held major share of the global mercury poisoning treatment market in 2019. Highly structured healthcare industry, presence of key players, and growth strategies of these players are the key factors driving the market in the region. Increase in healthcare expenditure also contributes to the growth of the market in North America. Asia Pacific held the second largest share of the global mercury poisoning treatment market in 2019. Growth of the mercury poisoning treatment market in the region can be attributed to rise in industrialization and mining in the region.
Mercury Poisoning Treatment Market: Key Players
Key players are expanding their footprint to strengthen their positions in the global mercury poisoning treatment market. Increase in industrialization and usage of coal combustion has led to rise in mercury poisoning. This offers lucrative opportunities for key players in the global mercury poisoning treatment market. Hence, manufacturers are engaging in new product development, collaborations, and distribution to gain market share. Leading players operating in the global mercury poisoning treatment market include Mylan N.V., Akorn, Incorporated, EmeraMed, Sanofi, Heyl Chemisch-pharmazeutische Fabrik GmbH Co. KG, Genex Pharma, and Recordati S.p.A. (Recordati Rare Diseases).
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