Global Nonsteroidal Anti-Inflammatory Drugs (NSAIDs) Market by Type (Paracetamol, Ibuprofen, Aspirin, Naproxen, Others), By Application (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global nonsteroidal anti-inflammatory drugs (NSAIDs) market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The growth in the market can be attributed to factors such as rising prevalence of chronic diseases, increasing geriatric population, and growing demand for over-the-counter NSAIDs. Based on type, the global NSAIDs market is segmented into paracetamol, ibuprofen, aspirin, naproxen and others. Ibuprofen held the dominant position in 2017 and is expected to maintain its lead throughout the forecast period. This can be attributed to its high usage rates for pain relief across various applications such as hospital pharmacies, retail pharmacies and online pharmacies. Naproxen is projected to grow at a highest CAGR during the forecast period owing to its properties such as analgesic action and anti-inflammatory effects. On basis of application type hospitals pharmacies accounted for majority share in 2017 followed by retail pharmacies.



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Product Definition:

Nonsteroidal Anti-Inflammatory Drugs (NSAIDs) are drugs that help to reduce inflammation. This can be helpful in treating conditions like arthritis, gout, and other types of pain. NSAIDs are important because they can help people to live more comfortably and without as much pain.

Paracetamol:

Paracetamol, also known as acetaminophen or APAP is a widely used over the counter (OTC) drug for pain and fever reduction. Paracetamol can be obtained both as a generic medicine and through brand name products such as Tylenol. It is one of the most commonly taken OTC medicines in the world with an estimated 90 million bottles sold each year globally.

Ibuprofen:

Ibuprofen is a nonsteroidal anti-inflammatory drug (NSAID) and it's used for the treatment of pain. It works by blocking the production of prostaglandins, which causes pain. Ibuprofen itself has very little effect on pain; it works by decreasing the amount of prostaglandin produced in your body.

Application Insights:

The acute pain segment dominated the global nonsteroidal anti-inflammatory drugs (NSAIDs) market in 2017, accounting for 41.5% share of the overall revenue. The high share is attributable to rising prevalence of pain disorders and increasing number of hospital pharmacies dispensing these medicines. Acute pain includes toothache as well as headache, which occur at the same time and are not related to a specific cause. As per WHO, around 1 in 5 adults suffer from acute pains each year; however, only 1 in 10 cases are treated with medication due to lack of healthcare facilities or practitioners skilled in treating such conditions. Thus, an increase in availability and affordability of treatment is expected to drive demand over the forecast period.

Regional Analysis:

North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to high consumer awareness and availability of a wide range of products with different prices. Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 owing to increasing product consumption in countries, such as China, India, Japan, and South Korea. Moreover, rising healthcare expenditure by governments along with an increase in disposable income will boost demand for NSAIDs over the forecast period.

The COVID-19 pandemic has had a significant impact on various industries across Asia Pacific including healthcare and pharmaceuticals sectors which are majorly dependent on exportations for their operations. Aspirin and paracetamol are among popular NSAIDs consumed across this region; however they witnessed a decline post COVID19 outbreak as consumers refrained from consuming any medication that could lead them into contact with others or cause harmlessly fatal infections like coronavirus (COVID 19).

Growth Factors:

Increasing geriatric population: The global geriatric population is increasing at a rapid pace and this is expected to drive the demand for NSAIDs in the coming years.
Rising prevalence of chronic diseases: The prevalence of chronic diseases such as arthritis, cancer, and heart disease is on the rise and this is expected to boost the demand for NSAIDs in the near future.
Growing awareness about NSAIDs: There has been a growing awareness about the benefits of using NSAIDs among consumers in recent years and this is likely to propel market growth over the forecast period.
Technological advancements: The development of novel technologies that improve drug delivery has led to an increase in uptake of NSAIDs by consumers worldwide, thereby propelling market growth.  5) Availability of generic versions: A large number of generic versions are available for various types of NSAIDS drugs which has helped reduce their cost, making them more affordable for consumers


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Scope Of The Report
Report Attributes
Report Details
Report Title
Nonsteroidal Anti-Inflammatory Drugs (NSAIDs) Market Research Report
By Type
Paracetamol, Ibuprofen, Aspirin, Naproxen, Others
By Application
Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
By Companies
Novartis, Pfizer, Boehringer Ingelheim, Teva Pharmaceutical, Hospira, Lonza Group, Mylan, Aurobindo Pharma, Dr. Reddy's Laboratories, Actavis, Wuxi Apptec, Zhejiang NHU
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.

Global Nonsteroidal Anti-Inflammatory Drugs (NSAIDs) Market Report Segments:
The global Nonsteroidal Anti-Inflammatory Drugs (NSAIDs) market is segmented on the basis of:
Types
Paracetamol, Ibuprofen, Aspirin, Naproxen, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Novartis
Pfizer
Boehringer Ingelheim
Teva Pharmaceutical
Hospira
Lonza Group
Mylan
Aurobindo Pharma
Dr. Reddy's Laboratories
Actavis
Wuxi Apptec
Zhejiang NHU



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Highlights of The Nonsteroidal Anti-Inflammatory Drugs (NSAIDs) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Paracetamol
Ibuprofen
Aspirin
Naproxen
Others
By Application:
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Nonsteroidal Anti-Inflammatory Drugs (NSAIDs) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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