Global ibuprofen market is one of the key segments in the global pharmaceuticals sector. Ibuprofen is a non-steroidal anti-inflammatory drug that belongs to the category of propionic acid derivatives. It is utilized in the treatment of fever, inflammation, and pain. The global ibuprofen market witness steady demand because it is an effective analgesic and antipyretic considered safe to be administered to children as well. Ibuprofen can be used to treat dental pain, mild fever, and gastrointestinal pain even in infants younger than six months. For these reasons, increasing preference for ibuprofen as a safe pain reducing drug is expected to bolster growth in the global ibuprofen market.
Key stakeholders in global ibuprofen market include various raw material suppliers, pharmaceutical manufacturers, research institutes, and importers and exporters. Products in global ibuprofen market are available in numerous forms including capsules, tablets, and liquids. Since ibuprofen drug is not restricted under a patent, several companies are striving to provide various generic versions of the drug at a reasonable price. These generic variations of ibuprofen are complementing the demand for patent drug to propel growth in the global ibuprofen market. Another trend fueling growth in the global ibuprofen market is availability of over-the-counter medicines including ibuprofen as a non-prescription drug on e-commerce platforms.
Presence of a large number of pharmaceutical firms that manufacture ibuprofen in a number of dosages results in uptick in demand for the drug. In addition, manufacture of combination drugs using ibuprofen to treat a larger group of symptoms is expected to positively affect growth in the global ibuprofen market. R&D and focused activities undertaken by pharmaceutical industries for novel drug formulations is another growth indicator in the global ibuprofen market.
Rise in the number of geriatric population around the world is also anticipated to spur growth in the global ibuprofen market due to its applications in treating respiratory diseases, depression, heart diseases, asthma, allergic reactions, and gastrointestinal diseases in this population.
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