Global Ibuprofen Market to Grow At Impressive Rate During the Forecast Period
Increase in patients
suffering from cardiovascular diseases is expected to drive the growth of
global ibuprofen market during the forecast period.
According
to TechSci Research report, “Global Ibuprofen
Market, By Product Type (Tablet, Capsule, Syrup and Injection), By Route of
Administration (Oral v/s Intravenous), By Application (Headache, dental pain, menstrual
cramps, rheumatoid Arthritis, Ankylosing Spondylitis, Others), By End User
(Hospitals, Clinics, Others), By Age Group (Adult v/s Pediatric), By Source
(Contract Manufacturing Organizations (CMO), In-House), By Region, By Company,
Competition, Forecast & Opportunities, 2026”,
Global Ibuprofen market is expected to witness a steady growth over the
forecast period. Rising awareness regarding rapid pain relief injections is one of the major factors accounting
for the growth of global ibuprofen market. Moreover, occurrence
of diverse range of diseases such as cardiovascular disease, diabetes,
infectious diseases and kidney-related complications is expected to bode well
for the growth of global ibuprofen market through the forecast period. In
addition to this, increased development of innovative drugs by major
pharmaceutical industries is positively influencing the growth of global Ibuprofen
market in the years to come. Along with this, easy product
availability coupled with extensive supply & distribution
networks are positively contributing to the market growth in the next 5 years.
However, there are certain factors that might act as major impediments to the
growth of global Ibuprofen market during the forecast period such as various side
effects of intravenous ibuprofen injections.
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Global
ibuprofen market can be segmented based on product type, route of administration, application, end user,
age group, source, company, and region. Considering the application,
the market is fragmented into headache, dental pain, menstrual cramps,
rheumatoid arthritis, ankylosing spondylitis, others. The rheumatoid arthritis segment is anticipated to dominate
the market during the forecast period which is accredited to application of this drug in treating rheumatoid
arthritis or another type of inflammatory arthritis. Ibuprofen is as effective
as aspirin and other nonsteroidal anti-inflammatory drugs when given at a dose
of 1,200 mg/day to treat rheumatoid arthritis. The safety and tolerability of
ibuprofen when compared to aspirin are superior, which is further estimated to
drive the segmental growth over the coming years.
Mallinckordt Plc., Grifols S.A., BASF
SE, Perrigo Company Plc., CSL Limited, Biotechnica Pharma International PTE
Ltd., Harbin Gloria Pharmaceuticals Co., Ltd., Rochem International Inc.,
Cumberland Pharmaceuticals Inc., Alveda Pharmaceuticals, Inc., among
others are the leading players operating in global ibuprofen market. The
leading players are adopting several growth strategies to enhance the market
scenario of Ibuprofen. Other competitive strategies include product launches;
mergers & acquisitions; agreements, partnerships, and research collaborations;
and expansions to diverse their product portfolio in order to strengthen their
market position.
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North America is forecasted to dominate the global ibuprofen market in
the next 5 years on account of lifestyle changes and increasing healthcare
expenditure. Asia pacific region is forecasted to register highest growing CAGR
over the years to come which can be attributed to an increase in people in the
elderly age group. Additionally, China
is the largest supplier of Ibuprofen, contributing about 48% of market share
and India is the second largest supplier of Ibuprofen. This is further expected
to boost the market share.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Ibuprofen Market, By Product Type (Tablet,
Capsule, Syrup and Injection), By Route of Administration (Oral v/s Intravenous),
By Application (Headache, dental pain, menstrual cramps, rheumatoid Arthritis,
Ankylosing Spondylitis, Others), By End User (Hospitals, Clinics, Others), By
Age Group (Adult v/s Pediatric), By Source (Contract Manufacturing
Organizations (CMO), In-House), By Region, By Company, Competition, Forecast
& Opportunities, 2026” has
evaluated the future growth potential of global ibuprofen market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global ibuprofen market.
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