Medicinal Suppositories Market Scope
A Medical suppository is a solid drug that is inserted into the rectum, urethra, or vaginal canal. The most prevalent variety is rectal suppositories. While other methods of drug delivery, such as the oral route, are unavailable, Medical suppositories are frequently employed; this is especially true when patients are unconscious. A Medical suppository can be oval, circular, or cone-shaped, with gelatin or cocoa butter as a surrounding material.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Meredian Enterprises (India), Bliss GVS Pharma (India), Teva Pharmaceuticals (United States), Priyans Drugs (Singapore), Delpharm (France), Aenova Holding (Germany), Nivagen Pharmaceuticals Inc (United States), Edesa Biotech (Canada), Citius Pharmaceuticals (United States) and FAMAR (Greece) |
CAGR | 5.7% |
Medical suppositories are in higher demand than ever before. This industry's pharmaceutical companies face numerous hurdles. Unither, Dr. Reddy's Laboratories, Sun Pharma, and Cipla are among the industry's top competitors. Many worldwide and regional service providers participate in the business and compete directly with industry leaders. It has been discovered that market-leading players are substantially spending in technological advancement and resource utilization in order to enhance the Market position. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Medicinal Suppositories market throughout the predicted period.
Meredian Enterprises (India), Bliss GVS Pharma (India), Teva Pharmaceuticals (United States), Priyans Drugs (Singapore), Delpharm (France), Aenova Holding (Germany), Nivagen Pharmaceuticals Inc (United States), Edesa Biotech (Canada), Citius Pharmaceuticals (United States) and FAMAR (Greece) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Irisys (United Kingdom), Roivant Sciences (Switzerland) and Mfine (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Medicinal Suppositories market by Type , by Application (Pediatrics, Geriatrics and Gynecology) and Region with country level break-up.
On the basis of geography, the market of Medicinal Suppositories 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In August 2023, Zydus Lifesciences Limited announced that it had received USFDA approval to manufacture and market Indomethacin suppositories, 50mg. Indomethacin suppositories, 50 mg is the generic version of the Reference Listed Drug (RLD) Indocin suppositories.
In April 2021 Teva Pharmaceuticals released a statement about its new product launch in the US market. Casana (mesalamine) suppository drug used to treat people with active ulcerative proctitis with a 1000 mg potency generic form.
Influencing Trend:
Due to Technological Advancement Medical Suppositories are Available in All Weight, Shape, and Size
Market Growth Drivers:
Glycerol with Water Medication Suppositories are Expected to Account for a Significant Share of the Entire Business throughout the Forecast Period and Medical Suppositories with Fatty Bases are Expected to Hold a Sizable Market around the Globe
Challenges:
The Medication May Leak Out and Cause Negative Effects and The Medicine is Not Absorbed as Well as if it were taken by Mouth
Restraints:
Medical Suppositories are Not Suitable for People Who Suffer from Diarrhea and Because of the Strict Regulations Guidelines in the Competitive Marketplace, Entry Barriers are Significantly Higher in Competitive Industries than in Semi-Regulated Markets
Opportunities:
Potential Expansion of Oral Solids and Suppositories and Control of Viral Diseases with the Use of Vaginal and Rectal Pharmaceutical Suppositories Has Shown Positive Effects in Vital Antiretroviral Therapies
Key Target Audience
Venture and Capitalist, Raw Materials Suppliers, Healthcare Research Organizations, Government Hospitals and Research Organization, New Entrants/Investors and End-Use Industries