Ibuprofen Market Size, Share, Growth and Industry Analysis by Type (USP, And, EP), By Application (Tablet, Capsule, Suspension, And, Others) Regional Forecast To 2032

Updated On: 29 April 2024

IBUPROFEN MARKET REPORT OVERVIEW

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The global ibuprofen market size was USD 89 million in 2022 and the market is projected to touch USD 124.53 million by 2032, exhibiting a CAGR of 2.7% during the forecast period.

Ibuprofen, a nonsteroidal anti-inflammatory drug (NSAID), is widely used for its analgesic, anti-inflammatory, and antipyretic properties. It functions by inhibiting the production of prostaglandins, chemicals that contribute to pain and inflammation. Commonly utilized to relieve mild to moderate pain, reduce inflammation, and alleviate fever, Ibuprofen is effective in treating conditions like headaches, muscle aches, and arthritis.

Despite its widespread use, caution is advised, as prolonged or excessive use may lead to gastrointestinal issues and other side effects. It is crucial to adhere to recommended dosages and consult a healthcare professional for guidance, especially for those with pre-existing medical conditions.

COVID-19 impact: Potential Exacerbation Of COVID-19 Symptoms by this Medicine During Pandemic Decreased Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic significantly influenced the perception and usage of ibuprofen. Early in the outbreak, concerns emerged about its potential exacerbation of COVID-19 symptoms. Although subsequent research didn't conclusively support these worries, the initial apprehensions led to a temporary decline in ibuprofen use. However, as more information emerged, confidence in its safety grew. The pandemic also highlighted the importance of pain and fever relief, with ibuprofen remaining a crucial over-the-counter option for managing symptoms associated with COVID-19 and other ailments. The ongoing global health crisis reinforced the need for accurate information dissemination regarding medication safety during infectious outbreaks.

LATEST TRENDS

Reduction In Gastrointestinal Side Effects Through Novel Delivery Systems to Fuel Market Growth

Recent innovations in ibuprofen formulations have focused on enhancing efficacy and patient experience. Nanotechnology has been employed to create nano-sized particles, improving drug solubility and absorption for faster relief. Some formulations incorporate extended-release mechanisms, providing prolonged pain management with fewer doses.

Additionally, efforts have been made to reduce gastrointestinal side effects through novel delivery systems. These innovations aim to optimize ibuprofen's therapeutic benefits while minimizing potential drawbacks, offering patients more tailored and efficient pain relief solutions. As research and development continue, these advancements contribute to the evolution of ibuprofen formulations in the pharmaceutical landscape. All of these factors are driving the ibuprofen market share.

IBUPROFEN MARKET SEGMENTATION

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• By Type:

Based on types the global market is classified into USP, and, EP

USP (United States Pharmacopeia): The United States Pharmacopeia (USP) is a comprehensive set of standards for the quality, purity, strength, and consistency of drugs and healthcare products. It is a reference guide widely used in the pharmaceutical industry to ensure the quality and safety of medications. The USP establishes standards for drug substances, dosage forms, and other related products.

EP (European Pharmacopoeia): The European Pharmacopoeia (EP) is a collection of standards and specifications for the quality of medicines in Europe. It provides guidelines for the preparation, quality control, and use of medicinal products. The EP ensures that medications meet the necessary quality standards for safety and efficacy. European countries refer to the EP to harmonize the quality requirements for pharmaceutical substances and products, facilitating the free movement of medicinal products within Europe.

• By Application:

Based on application the global market is classified into tablet, capsule, suspension, and, others

Tablet: Tablets are solid pharmaceutical dosage forms comprising a mixture of active ingredients and excipients compressed or molded into a specific shape. They are a popular and convenient oral drug delivery system due to their ease of administration, accurate dosing, and stability. Tablets can be designed for immediate or extended release, catering to different therapeutic needs.

Capsule: Capsules are pharmaceutical dosage forms consisting of a shell, typically made of gelatin or alternative polymers, encasing a drug in either solid or liquid form. They offer advantages such as precise dosing, taste masking, and protection of unstable compounds. Capsules can be designed for immediate or sustained release, allowing flexibility in drug delivery. Gelatin capsules dissolve rapidly, while some polymer-based ones provide modified release.

Suspension: Suspensions are liquid pharmaceutical formulations containing solid particles dispersed in a liquid medium. These particles may settle over time, requiring shaking before administration to ensure homogeneity. Suspensions are particularly useful when the drug is poorly soluble or exhibits low bioavailability.

Others: The category of "Others" encompasses a diverse range of pharmaceutical dosage forms beyond tablets, capsules, and suspensions. This includes but is not limited to patches, creams, ointments, inhalers, injections, and various specialized delivery systems. Each serves specific therapeutic needs and patient preferences. For instance, transdermal patches offer sustained drug release through the skin, while inhalers provide rapid delivery to the respiratory system.

DRIVING FACTORS

Accessibility Of Ibuprofen as An Over-The-Counter Medication to Amplify Market Growth

The widespread use and demand for ibuprofen are propelled by its potent anti-inflammatory, analgesic, and antipyretic properties. As a nonsteroidal anti-inflammatory drug (NSAID), ibuprofen effectively alleviates pain and reduces inflammation, making it a cornerstone in managing various conditions, from mild headaches to chronic arthritis.

 Its accessibility as an over-the-counter medication further contributes to its popularity. Additionally, ongoing research and continuous improvements in formulation ensure its safety and efficacy, consolidating ibuprofen's position as a go-to choice for individuals seeking relief from pain and inflammation, thereby driving its sustained prominence in the pharmaceutical market. All of these factors are driving ibuprofen market growth.

Versatility Of Ibuprofen in Addressing Spectrum of Ailments to Drive Market Growth

Consumer preference for ibuprofen is also influenced by its relatively favorable safety profile compared to certain alternative pain relievers. The drug's lower risk of causing gastrointestinal complications, when compared to some other nonsteroidal anti-inflammatory drugs (NSAIDs), contributes to its widespread acceptance.

Moreover, the versatility of ibuprofen in addressing a spectrum of ailments, including menstrual cramps and musculoskeletal pain, enhances its market appeal. Affordability, coupled with its long-established presence in the pharmaceutical landscape, fosters trust among healthcare providers and consumers alike. These factors collectively reinforce ibuprofen's standing as a preferred and accessible choice for managing pain and inflammation.

RESTRAINING FACTOR

Potential For Gastrointestinal Side Effects, Including Ulceration and Bleeding to Deteriorate Market Growth

Despite its widespread use, ibuprofen is not without limitations. One significant restraining factor is the potential for gastrointestinal side effects, including ulceration and bleeding, especially with prolonged or high-dose use. Individuals with pre-existing conditions like ulcers or gastrointestinal disorders may face heightened risks. Additionally, concerns about cardiovascular effects have been raised, influencing prescribing decisions.

Renal complications and allergic reactions pose additional considerations. The emergence of alternative pain management options and the need for cautious use in specific patient populations contribute to the restraining factors. Balancing efficacy with potential side effects underscores the importance of informed and personalized medical decision-making when considering ibuprofen therapy.

IBUPROFEN MARKET REGIONAL INSIGHTS

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North America to Dominate Market in Upcoming Years Due to High Prevalence of Diseases

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America and Middle East & Africa

North America stands as the leading region in ibuprofen consumption, driven by its extensive use for pain relief and anti-inflammatory purposes. The region benefits from a high prevalence of conditions like arthritis and chronic pain, contributing to sustained demand. The accessibility of ibuprofen as an over-the-counter medication further amplifies its usage. Robust healthcare infrastructure, coupled with a proactive approach to pain management, solidifies North America's prominent position. Additionally, a well-informed consumer base and continuous product innovations contribute to the dominance of North America in the ibuprofen market, making it a key hub for pharmaceutical sales and distribution.

Key Industry Players

Leading Players adopt Acquisition Strategies to Stay Competitive

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profile

• Xinhua Pharmaceutical (China)
• IOLCP (India)
• Granules Biocause (China)
• Strides Shasun (India)
• BASF (Germany)
• SI Group (U.S.)
• Xinhua-Perrigo Pharmaceutical (China)
• Hisoar (China)

INDUSTRIAL DEVELOPMENT

July 2020: Ibuprofen, a prominent non-steroidal anti-inflammatory drug (NSAID), is renowned for its efficacy in managing acute and chronic pain and inflammation. However, its common adverse effects, including gastrointestinal symptoms and the risk of ulcers and bleeding, have been a concern due to its non-specific COX inhibition. Innovatively addressing this, a new formulation strategy is emerging. By focusing on sustained release, the disintegration and dissolution of ibuprofen tablets in gastric fluids are optimized, mitigating painful side effects. This innovation caters to patients with chronic inflammatory conditions, ensuring a steady-state concentration in the blood, presenting a more effective and patient-friendly approach to pain management.

Report Coverage

The report provides an insight into industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. The report also lists the key industry players to understand the competition.