About Meloxicam
Meloxicam falls under the medication category of nonsteroidal anti-inflammatory drugs (NSAIDs), is mainly used to relieve pain, swelling, and inflammation in arthritis and rheumatoid arthritis. It works by stopping the production of chemical substances which cause pain and swelling. It is available in injection (liquid) and tablets forms generally used in hospitals, clinics, veterinary and household applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Meloxicam market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Meloxicam Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
LGM Pharma, LLC (United States), Lupin (India), Actavis Generics (United States), Cadila Pharmaceuticals (India), Apex HealthCare Ltd. (India), Sun Pharmaceutical Industries Limited (India), Zyla Life Science (United States), Baudax (United States) and Recro Pharma (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Axsome Therapeutics (United States), Iroko Pharma (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Meloxicam market by , Application (Hospitals, Clinics, Veterinary and Household) and Region.
On the basis of geography, the market of Meloxicam has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Tablets will boost the Meloxicam market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Meloxicam market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Consumption of Meloxicam in Veterinary Applications
Market Growth Drivers:
Increasing Number of Arthritis Patients Across the Globe and Need for the Nonsteroidal Anti-inflammatory Drug in Various Applications
Challenges:
Stringent Regulatory Guidelines on Meloxicam
Restraints:
Side Effects Related Risks Associated with Meloxicam
Opportunities:
Growing Spendings on the Nonsteroidal Anti-inflammatory Drug will Boost the Meloxicam Market
Market Leaders and their expansionary development strategies
In January 2024, Heron Therapeutics, Inc., a commercial-stage biotechnology company, announced that the U.S. Food and Drug Administration (the "FDA") has approved its supplemental New Drug Application ("NDA") for ZYNRELEF (bupivacaine and meloxicam) extended-release solution to expand the indication for soft tissue and orthopedic surgical procedures including foot and ankle, and other procedures in which direct exposure to articular cartilage is avoided.
In December 2020, Lupin announced the launch of Meloxicam Capsules, 5 mg, and 10 mg, having received an approval from the United States Food and Drug Administration.
"FDA is aware that some veterinarians prescribe or use METACAM in an extra-label manner. When an approved drug is used in a manner other than what is stated on the label, it is an extra-label (or “off-label”) use. Under certain circumstances, veterinarians are allowed to use a drug in an extra-label manner. The boxed warning on the METACAM labels and generic meloxicam labels helps inform veterinarians of the serious risks associated with extra-label use of meloxicam in cats."
Key Target Audience
Meloxicam Manufacturers, Meloxicam International Traders, Meloxicam Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.