Recently proposed data on the ibuprofen API market analysis demonstrates that demand for ibuprofen APIs is valued at around USD 665 million in 2024 and is on its way to register a CAGR of 2.5% to reach USD 851 million by 2034. The evolving landscape in emerging economies propels the demand boost in the API sector, shaping the pharmaceutical metamorphosis.
Attributes | Details |
---|---|
Market Value for 2024 | USD 665 million |
Market Value for 2034 | USD 851 million |
Market Forecast CAGR for 2024 to 2034 | 2.5% |
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Demand is presumed to limit the market growth. The historical CAGR of 3.0% was recorded for the market and a 2.5% CAGR is calculated through 2034.
Attributes | Details |
---|---|
Market Historical CAGR for 2019 to 2023 | 3.0% |
The synthesis of ibuprofen APIs has environmental drawbacks due to revised production guidelines, affecting manufacturers' costs and raw material sourcing. This has led to a downturn in the market, as the drug requires high production value.
Key aspects to influence the demand through 2034 include:
Market players need to be prudent and flexible over the anticipated period, as these challenging attributes position the industry for success in the subsequent decade.
Female Patients Creates a Huge Demand
The Pharmaceutical and Biochemical Industry Rife Ibuprofen Depletion
Demand for Arthritis Medication Rumbles the Growth Rate
Attributes | Details |
---|---|
Top End User | Contract Manufacturing Organization |
Market share in 2024 | 55.30% |
Demand from contract manufacturing organizations (CMOs) is significant, acquiring a market share of 55.6% in 2024. The following aspects contribute to the development of demand from contract manufacturing organizations:
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According to derived data, demand from European countries to augment the sales growth in the forthcoming decade. The industry in France and Germany is developing steeply. The ibuprofen drug substance industry in Canada to register the subordinate CAGR compared to European competitors. Demand in Italy and Spain to remain moderate throughout.
Countries | CAGR from 2024 to 2034 |
---|---|
Spain | 3.7% |
Germany | 2.7% |
Italy | 3.3% |
Canada | 2.0% |
France | 3.0% |
Through 2034, the industry in Spain is anticipated to register a 3.7% CAGR, owing to the development of prominent and emerging pharmaceutical and biopharma organizations.
Demand is projected to report a CAGR of 2.7% in Germany through 2034, due to the rising prevalence of chronic diseases such as arthritis and osteoporosis.
Demand in Italy is anticipated to showcase a CAGR of 3.3% between 2024 and 2034 as geriatric patients grow nationwide.
Demand in France is projected to report a CAGR of 3.0% from 2024 to 2034, as women desire demand for ibuprofen API to ease menstruation pain.
Sales is developing rapidly in Canada, witnessing a CAGR of 2.0% through 2034, owing to regular climate change in Canada.
Ibuprofen pharmaceutical ingredient suppliers are merging with CMOs to enhance raw material supply and streamline manufacturing processes, resulting in cost savings and improved time efficiency.
The pharmaceutical API sector is experiencing a surge in mergers and acquisitions, driven by companies seeking therapeutic, pipeline, and global expansion goals. These strategies are gaining popularity due to their significant benefits.
Pooling resources allows companies to create economies of scale, reduce costs, and increase efficiency, especially in product development. Mergers and acquisitions extend market share and help reach new customers for long-term growth.
Mergers and acquisitions are a key growth strategy in the industry, enabling companies to maintain competitiveness, expand globally, and enhance their raw material supply.
Recent Developments in the Ibuprofen API Market
The market is valued at USD 665 million in 2024.
The market is anticipated to be valued at USD 861.3 million by 2034.
In Canada, demand is anticipated to develop at a CAGR of 2.0% through 2034.
The market is projected to register a CAGR of 2.50% from 2024 to 2034.
The contract manufacturing organizations develops demand for ibuprofen APIs with a 55.3% market share in 2024.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Prescription Based 5.1. Rx 5.2. OTC 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Headache 6.2. Arthritis 6.3. Others 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User 7.1. Contract Research Organization 7.2. Contract Manufacturing Organization 7.3. Biopharmaceutical Companies 7.4. Pharmaceutical Companies 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. BASF SE 18.2. BIOCAUSE Inc. 18.3. IOL Chemicals And Pharmaceuticals Limited 18.4. SI Group, Inc. 18.5. Sino-US Zibo Xinhua-Perrigo Pharmaceutical Co., Ltd. 18.6. Solara Active Pharma Sciences Limited 18.7. Granules India Limited 18.8. Dr. Reddy's Laboratories Ltd 18.9. Octavius Pharma Pvt. Ltd 18.10. Rochem International Inc 19. Assumptions & Acronyms Used 20. Research Methodology
Healthcare
June 2023
REP-GB-13025
273 pages
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