Industry Background:
Ibuprofen is a non-steroidal anti-inflammatory drug (NSAID) used as a painkiller as well as for treating fever and inflammation. This medication can be available to take without a doctor's prescription. It also pain and inflammation caused by conditions that affect joints, bones, and muscles. In addition to this, Ibuprofen also reduces migraine, toothache, and others. It was initially developed in 1960 while researching a safer alternative to aspirin.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Xinhua Pharmaceutical (China), IOLCP (India), Granules Biocause (China), Strides Pharma Science Limited. (India), BASF (Germany), SI Group, Inc. (United States), Xinhua-Perrigo Pharmaceutical (China), Hisoar (China), Unipex (France) and Rochem (United States) |
This growth is primarily driven by Increasing Adoption of Painkillers in Acute Pain Conditions, Improving interdependence on Analgesic Medication in case of IV Ibuprofen and Huge demand in the market with Minimum Competition.
Globally, a noticeable market trend is evident Adoption of Ibuprofens with minimized cardiovascular side effects
The Chemicals sector in the United States region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Xinhua Pharmaceutical (China), IOLCP (India), Granules Biocause (China), Strides Pharma Science Limited. (India), BASF (Germany), SI Group, Inc. (United States), Xinhua-Perrigo Pharmaceutical (China), Hisoar (China), Unipex (France) and Rochem (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Very seldom Ibuprofen manufacturers are available in the global market. Thus, the overall competition is on the lower side. But, some Stringent Government Regulations might pose an entry barrier. The overall medicinal market will have a slight Oligopoly among the key manufacturers.
Key Developments in the Market:
In 2018, Xinhua Pharmaceutical acquired three applications of ibuprofen from Aiping Pharmaceutical. The later company retained sales and distribution rights in the United States. AiPing Pharmaceutical, Inc. is an American pharmaceutical company that develops, manufactures, and markets pharmaceutical products.
On 9th August 2018, SI Group Inc. announced that it will be increasing its capacity for ibuprofen manufacture by 25%, to be completed by 2020.
Regulatory Insights:
In the United States, the Food and Drug Administration (FDA) is responsible for regulating over-the-counter (OTC) and prescription medications, including ibuprofen. The FDA ensures the safety, efficacy, and proper labeling of medications before they are available to the public.
Influencing Trend:
Adoption of Ibuprofens with minimized cardiovascular side effects and Introduction to Ibuprofen Gel
Market Growth Drivers:
Increasing Adoption of Painkillers in Acute Pain Conditions, Improving interdependence on Analgesic Medication in case of IV Ibuprofen and Huge demand in the market with Minimum Competition
Challenges:
Compliance with stringent regulatory requirements and evolving regulations can pose challenges for ibuprofen manufacturers
Restraints:
Posses Number of Side Effects including Nausea, Upsets Stomach, Vomiting, Headache, Diarrhea, This medication can increase the patient's blood pressure and Pose some serious threats to Kidney
Opportunities:
Demand for Ibuprofen is the most as compared to its productivity and Opportunities in untapped markets where government subsidies can assist in upsurging demand
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Ibuprofen Sales Market
- Analysis about New Entrants in Ibuprofen Sales Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Ibuprofen Sales Study Sheds Light on
The Ibuprofen Sales Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ibuprofen Sales industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ibuprofen Sales industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.