Industry Background:
Ibuprofen is an anti-inflammatory drug which helps in releasing the pain including headache, dental pain, menstrual cramps, muscle aches and arthritis. Additionally it relieves from fever, and common cold. Ibuprofen can be consumed by adults and children. This drug has an anti-platelet effect which prevents blood clots. Also, it prevents the production Prostaglandins which is released due to the illness. World health organisation has included ibuprofen in Essential drugs list. Ibuprofen usage for curing various diseases is fueling the market growth.
According to AMA Research, the market for Ibuprofen is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Increasing Geriatric Population is Fueling the Market of Ibuprofen.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Supplies sector in the
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 Players, such as BASF (Germany), Albemarle (United States), IOLCP (India), Shandong Xinhua Pharmaceutical Co.,Ltd (China), Dr.Reddy's (India), Juhua Group Corparation (China), Shandong Xinhua Pharmaceutical (China), Granules (India), Strides Shasun (India) and SI Group (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.
Key Developments in the Market:
In 2018, BASF has acquired Bayer. This acquisition will enhance the innovation potential and agricultural solutions
In August 2021,Alkem Laboratories has launched Ibuprofen and Famotidine tablets in the strenght of 800 mg/26.6 mg in the United States, following an approval from the United States
Influencing Trend:
Adoption of Ibuprofen for Treating Mild Symptoms
Market Growth Drivers:
Increasing Geriatric Population is Fueling the Market of Ibuprofen
Challenges:
High Competition Due to the Presence of Major Companies and Lack of Awareness about the Ibuprofen
Restraints:
Longer Approval Process for Drugs May Hamper the Market and Consumption of Ibuprofen is leading to Side Effects
Opportunities:
Growing Number of Online Portals is creating an Opportunity for Ibuprofen Market and Rising Demand among the Consumers
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 mainly 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 Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Ibuprofen Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Ibuprofen Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Ibuprofen players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
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
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Ibuprofen Study Sheds Light on
The Ibuprofen Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ibuprofen industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ibuprofen 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 Players 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.