Transparency Market Research has published a new research “Nortropinone Hydrochloride Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024” to their report store.
Albany, NY -- (SBWIRE) -- 02/14/2017 -- Nortropinone hydrochloride is available in solid power or crystalline form. It is white or off-white in color. Nortropinone hydrochloride is also known as 3-nortropanone hydrochloride or 8-azabicyclo [3.2.1] octan-3-one hydrochloride. It is insoluble in water; however, it is highly soluble in certain organic compounds such as methanol, chloroform, and dichloromethane. Nortropinone hydrochloride is an immediate intermediate or a product of tropinone.
Another precursor from which nortropinone hydrochloride can be obtained is 1-chloroethyl chloroformate. Nortropinone hydrochloride is used as a metabolite of atropine, which is employed to treat various medical conditions such as heart disorders, ulcers, and spasms of bladder and biliary tract.
Among all the applications, nortropinone hydrochloride is used more in industrial processes other than commercial or domestic.
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Nortropinone Hydrochloride Market: Trends
Nortropinone hydrochloride is extensively used as a pharmaceutical intermediate and as a metabolite of tropinone. It is highly hazardous and hence, care must be taken to avoid excessive usage of nortropinone hydrochloride in medical formulations. Moreover, utmost precautions must be taken while handling the compound when it is being used for any kind of chemical process.
Nortropinone hydrochloride is also used as an inhibitor in reactions that involve 11 beta-hydroxysteroid dehydrogenase type 1 enzyme. It plays an important role in the process of drug discovery, as it is an excellent linker component or building block and is useful in exploring a vast range of therapeutics and drugs. Linker components are the substances or chemicals which are capable of getting attached on the target site (e.g. a protein molecule), once it has been administered to the patient.
Owing to the hazards and toxicity associated with the use of nortropinone hydrochloride, there exist chances for manufacturers or consumers to look for an alternative compound, which would be less harmful and toxic. This can prove to be a major restraint for growth of the market for nortropinone hydrochloride at the global level as well.
However, nortropinone hydrochloride plays a key role in the stages involved in the identification of the target during the process of drug discovery. This use of the compound is expected to drive the global nortropinone hydrochloride market in the near future.
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Nortropinone Hydrochloride Market: Region-wise Outlook
Geographically, the market for nortropinone hydrochloride can be divided into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America leads the global market for nortropinone hydrochloride, as the drug discovery industry in the region is large-sized.
Asia Pacific follows North America, as the drug discovery industry in Asia Pacific is expanding rapidly. The growth of the market of nortropinone hydrochloride in Asia Pacific is due to high investments made in the pharmaceuticals industry and the need to develop better drugs for public health.
Demand for nortropinone hydrochloride in Europe is expected to rise in the next few days, due to growth in activities related to development of efficient drugs against chronic diseases.
The market of nortropinone hydrochloride is expected to grow at a sluggish pace in the region of Latin America which would be followed by Middle East & Africa.
Nortropinone Hydrochloride Market: Key Players
Some of the major players operating in the market for nortropinone hydrochloride are Beijing Mediking Biopharm Co., Ltd., TCI America, Radiant Pharma & tech Co., and Acros Organics.