Future Market Insights has revealed promising projections for the global ibuprofen API market, forecasting a significant rise from USD 665 million in 2024 to an estimated USD 851 million by 2034. This growth, reflecting a compound annual growth rate (CAGR) of 2.5%, underscores the escalating demand for ibuprofen APIs driven by several key factors.
Ibuprofen, renowned for its efficacy as a non-steroidal anti-inflammatory drug, is pivotal in alleviating menstrual discomfort, notably dysmenorrhea, affecting approximately 1.8 billion individuals worldwide. Its active pharmaceutical ingredients, encompassing analgesics, antipyretics, and anti-inflammatories, effectively mitigate pain, fever, and inflammation by inhibiting prostaglandin production.
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The surge in demand is primarily propelled by the burgeoning pharmaceutical and biopharmaceutical sectors, particularly in emerging economies. Moreover, the rising elderly population worldwide necessitates advanced therapeutic solutions, further bolstering the market for ibuprofen APIs.
The forecasted growth of the ibuprofen API market not only underscores its critical therapeutic role but also highlights its increasing relevance in global healthcare strategies. As the market continues to evolve, stakeholders are gearing up to leverage these projections, ensuring enhanced access and efficacy of ibuprofen APIs worldwide.
“Chronic illnesses in emerging nations fuel the market expansion in the API industry, helmed by the demand for ibuprofen APIs. Pharmaceutical and biopharmaceutical firms allocate resources toward research and development to treat gastrointestinal bleeding, renal damage, and upset stomach ailments. However, environmental issues resulting from new production requirements have caused a decline in the market. Important pharmaceutical and medical companies are investigating environmentally friendly synthetic ibuprofen APIs, potentially boosting demand via combinatorial chemistry, high-throughput techniques, and bioinformatics. Market participants need to be careful and adaptable to prosper in this environment.” says an analyst of Future Market Insights.
Key Takeaways from the Ibuprofen API Market Report:
- The Ibuprofen API industry in Canada is projected to experience a CAGR of 2.0% through 2034.
- The Germany Ibuprofen API market is estimated to demonstrate a CAGR of 2.7% by 2034.
- The Ibuprofen API industry in Italy is anticipated to see a CAGR of 3.3% from 2024 to 2034.
- Spain’s Ibuprofen API sector is projected to showcase a CAGR of 3.7% through 2034.
- France’s Ibuprofen API market is anticipated to display a CAGR of 3.0% by 2034.
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Competitive Landscape of the Ibuprofen API Market:
Suppliers of pharmaceutical ingredients are collaborating with CMOs to enhance the availability of raw materials and optimize production procedures, resulting in financial and temporal benefits. Due to aims related to global market expansion, pipeline development, and therapeutics, the pharmaceutical API industry is seeing a spike in mergers and acquisitions. In particular, these tactics boost productivity in product development by lowering expenses and generating economies of scale. To achieve long-term success, they also increase market share and attract new clients, which makes them a vital tactic in the ibuprofen API market.
Recent Development in the Ibuprofen API Market:
BioSyent Pharma Inc. shipped the first fixed-dose combination of acetaminophen and ibuprofen in a single tablet for short-term pain relief and fever control in Canada in December 2020.
Key Companies:
- BASF SE
- BIOCAUSE Inc.
- IOL Chemicals And Pharmaceuticals Limited
- SI Group, Inc.
- Sino-US Zibo Xinhua-Perrigo Pharmaceutical Co., Ltd.
- Solara Active Pharma Sciences Limited
- Granules India Limited
Key Segments:
By End User:
- Contract Manufacturing Organizations
- Pharmaceutical Companies
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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