Global Ibuprofen Market Size By Type (Tablet, Capsule), By Application (Rheumatoid Arthritis and Osteoarthritis, Cancer), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Ibuprofen Market size was valued at USD 92.16 Million in 2024 and is projected to reach USD 111.41 Million by 2031,growing at a CAGR of 2.40% from 2024 to 2031.
The increasing prevalence of chronic diseases such as CVS, cancer, rheumatoid arthritis, osteoarthritis, and headache; growing public awareness about these diseases, rising urbanization, and an increase in healthcare spending are driving the growth of the Global Ibuprofen Market during the forecast period. The Global Ibuprofen Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Ibuprofen Market Definition
So, ibuprofen – you might know it as a common pain reliever. It's actually in a group of medicines called nonsteroidal anti-inflammatory drugs, or NSAIDs. People use it for all sorts of things, like aches, fever, and swelling. Think menstrual cramps, nasty migraines, and even rheumatoid arthritis. Believe it or not, they even use it to help premature babies with a heart condition called patent ductus arteriosus. You can take it as a pill, or sometimes get it through an IV, and it usually starts working in under an hour. Now, heads up – like any medicine, ibuprofen can have side effects. You might get heartburn, a rash, or even, in rare cases, gastrointestinal bleeding. There's also a small chance it could raise your risk of a heart attack or make asthma worse. Especially important for pregnant womendoctors usually say it's okay early on, but it can be risky later in pregnancy. Plus, it's used for other conditions like juvenile idiopathic arthritis, rheumatoid arthritis again, and even pericarditis.
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Global Ibuprofen Market Overview
The Global Ibuprofen Market is really taking off! We're seeing a surge in folks dealing with chronic stuff like CVS, cancer, rheumatoid arthritis, osteoarthritis, and even just plain old headaches. Plus, more people are becoming aware of these diseases. With growing cities and more being spent on healthcare, it's no wonder the ibuprofen market is booming. Pain relief is a big deal, and ibuprofen is a go-to for rheumatoid arthritis and other joint pain. What's more, ibuprofen is a safe and effective way to bring down fevers and ease pain in babies and kids – think teething, tummy aches, the works. That's why we expect demand to keep climbing as it's used worldwide to treat all sorts of ailments.
Ibuprofen's popularity is likely to keep growing, thanks to how easy it is to find and how cheap it is – whether you want tablets, capsules, powder, or syrups. Plus, with more people dealing with long-term illnesses like cancer and arthritis, and with the number of older adults increasing, there'll be plenty of chances for companies in the Global Ibuprofen Market to do well. But, it's not all good news. The side effects some people experience with ibuprofen could slow things down a bit.
Global Ibuprofen MarketSegmentation Analysis
The Global Ibuprofen Market is segmented on the basis of Type, Application, And Geography.
Ibuprofen Market, By Type
• Tablet• Capsule• Syrup• Injection• Others
When we look at how people take Ibuprofen, the market breaks down into a few main typesTablets, Capsules, Syrups, Injections, and, of course, Others. Back in 2020, tablets were the most popular, bringing in the most money for the Global Ibuprofen Market. We think tablets will stay on top for a while because they're used so much to treat pain and fever. Basically, the medicine helps by reducing those hormones that cause swelling and pain. Plus, it's super easy to grab Ibuprofen tablets. You can find them at almost any pharmacy without a prescription for milder pains, like those from a cold, the flu, arthritis, or even period cramps. That's why this type is doing so well!
Based on Application, The market is segmented into Rheumatoid Arthritis and Osteoarthritis, Cancer, Pain/Fever/Dysmenorrhea, Inflammatory Diseases, Headache, and Others. Rheumatoid Arthritis and Osteoarthritis segment are expected to hold the largest revenue share of the Global Ibuprofen Market during the forecast period owing to the increasing demand for ibuprofen to treat rheumatic musculoskeletal disorders due to its effective analgesic and anti-inflammatory properties which will help to boost its demand in the market.
Ibuprofen Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
Looking at the regions around the world, we can divide up the Global Ibuprofen Market by geographyNorth America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. Of all these areas, North America brought in the most money in 2020, and we think they'll stay on top for the foreseeable future. Why? Well, folks in North America are paying more attention to their health and wellbeing, the number of older adults is growing, people are spending more on healthcare, lifestyles are changing, and big companies in the ibuprofen game are already well-established there.
The market in the Asia Pacific is projected to witness expansion at a significant growth rate during the forecast period, owing to the increasing incidence and prevalence of rheumatoid arthritis disease and rising healthcare expenditure in the region. Furthermore, the low cost of manufacturing in China and India has led to an increase in production facilities, attracting pharmaceutical and biotechnological giants from all around the world to the Asia-Pacific region.
Key Players
The “Global Ibuprofen Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Pfizer Inc., Abbott Laboratories Ltd., Solara Active Pharma Sciences Ltd., ?h?nd?ng ??nhu? ?h?rm???ut???l ??.Ltd, ??L ?h?m???l? and ?h?rm???ut???l L?m?t?d, ?ub?? ?????u?? ?h?rm???ut???l ??.Ltd, ?tr?d?? ?h?rm? ????n?? L?m?t?d (?h??un ?h?rm???ut???l? L?m?t?d), ???F ??, SI Group ?n?, ??rr?g? ??m??n? ?l?, ??ll?n?kr?dt ?l?. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• In August 2021, Alkem Laboratories announced the launch of Ibuprofen and Famotidine tablets in the US market which are used to treat the symptoms of rheumatoid arthritis and osteoarthritis.
• In March 2021, Abbott launched a new Brufen Power spray advertising campaign starring actor Tiger Shroff. The ad film emphasizes the advantages of the new spray’s double-strength formulation, which is delivered with a one-shot spray that ensures only the necessary amount is sprayed on.
• In September 2020, The Danish Medicines Agency published a study contrary to what some media and social media speculated in March 2020, that the use of ibuprofen and other pain-relieving and anti-inflammatory drugs, known as NSAIDs, is not associated with mortality or worsening of symptoms in patients infected with coronavirus.
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2021-2031
Base Year
2024
Forecast Period
2024-2031
Historical Period
2021-2023
Unit
Value (USD Million)
Key Companies Profiled
Pfizer Inc., Abbott Laboratories Ltd., Solara Active Pharma Sciences Ltd., ?h?nd?ng ??nhu? ?h?rm???ut???l ??.Ltd, ??L ?h?m???l? and ?h?rm???ut???l L?m?t?d.
Segments Covered
By Type
By Application
By Geography
Customization Scope
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Research Methodology of Market Research
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Reasons to Purchase this Report
We've taken a deep dive into the market, using both qualitative and quantitative analysis, breaking it down into segments based on economic stuff and the human stuff that drives decisions. We're giving you the market value in USD Billion for each of these segments and sub-segments. We'll point out which region and segment are predicted to be the fastest-growing and the biggest overall. Plus, we've got a geographical analysis that highlights product/service consumption in each area, explaining what's influencing the market locally. You'll also get a clear picture of the competitive landscape, including market rankings of the top players, plus details on recent new product launches, partnerships, business expansions, and acquisitions from the last five years for all the companies we've profiled. Each company profile includes an overview, key insights, product benchmarking, and a good old SWOT analysis for the major players. We'll give you our view of the industry's current and future, taking into account recent events – like growth opportunities, drivers, challenges, and restraints – in both emerging and developed regions. To understand the market from all angles, we're using Porter's five forces analysis. We're also giving you an inside look at the value chain, explaining how everything connects. Finally, we include a market dynamics scenario, outlining future growth opportunities, and we offer 6-month post-sales analyst support, just in case you need it. Learn more.
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