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Ibuprofen Market Size, Share | Industry Trends, [2017-2027]

Ibuprofen Market: Overview

Ibuprofen is a medication that falls under anti-inflammatory drug category. It helps in reducing hormones which cause inflammation and pain in the body. Ibuprofen is indicated to produce an analgesic effect in cases of fever, toothache, back pain, headache, menstrual pain etc. The drug remains non-steroidal and is a derivative of propionic acid. The growing ageing population which is prone to diseases and health conditions is contributing towards ibuprofen market growth. Apart from that, an increase in patients suffering from cardiovascular diseases, cancer, arthritis and other chronic diseases can also be seen as positive impact rendering factors for the industry growth. Easy product availability and extensive supply & distribution networks may further stimulate ibuprofen market trends through 2027.

Ibuprofen Market: Dynamics

As is obvious from the many uses across medicinal concerns that ibuprofen helps in alleviating pain, it is an excessively used product across the globe. The key stakeholders, include importers/exporters, raw materials suppliers, and a large number of pharmaceutical companies. This drug is available in a number of forms such as tablets, liquids and capsules, with specified range of dosages across age groups. The global market for ibuprofen is expected to witness a steady growth in the period of 2017-2027 as per a recent analysis by Reports and Data. This can be attributed to a number of reasons which range from change in business models, to lifestyle changes, as well a growth in contraction of diseases. The Report provides a detailed and systematic analysis of the market size in terms of key drivers, deterrents and key market players across varied segmentations and classifications. It is forecasted for the time period between 2017-2027 and elucidates upon the many changes in the global environment, business strategies and collaborations

Ibuprofen Market: Regional Overview

When it comes to regional variations in consideration, the market overview has been put forth in the report that has allowed us to yield significant results with regards to the global market for the same by helping us draw important conclusions. The market presence across Asia Pacific remains strong and is expected to see a continued and steady growth, owing to an increase in population as well as an increase in people in the elderly age group. China and India both stand strong. They are the largest suppliers of Ibuprofen, supplying 48% and 30.7% to the global market size respectively. The growth for North America and Europe is also predicted in the similar manner owing to lifestyle changes and increasing healthcare expenditure. Even with the coming in of new regional players in the market, these regions continue to hold a significant share in the global market.

Ibuprofen Market: Competitive Landscape

The global Ibuprofen market is observed to be extensively fragmented, owing to the presence of several established market players and new entrants. These players continue to hold a significant share in the market which makes it difficult for newer names to pop up and gain prominence.

Some of these key players include:

Reckitt Benckiser
Alveda Pharmaceuticals
Amnel, Pfizer
CSL Limited
Perrigo Company
Xinhua Pharmaceutical etc.

Impact of COVID 19 on Ibuprofen Market

The Pharmaceutical Industry is witnessing a steady decline in the supply and demand especially due to the COVID-19 outbreak. It is being suggested that Ibuprofen will witness a downfall in its demand, especially due to the halting of its production by manufacturing agents. China, the global manufacturing hub of Ibuprofen has also suffered severely which has also translated into a disruption in production and export of the product. Thus, a continuance in this downward trend is expected till the pandemic subsides. This is a trend seen across markets across several regions.

Region- Wise Analysis Ibuprofen Market Covers:

North America
Europe
China
Japan
India
Southeast Asia
Other regions (Central & South America, Middle East & Africa)

Ibuprofen Market: Segmentation

The Ibuprofen industry is seen to have a varied segmentation all across its usage, whether for personal reasons or for pharmaceutical or medical concerns.

The segments hold a significant share in the international market. The segmentation for ibuprofen can be done along the following categorizations: