Aspirin Market Expects To See Significant Growth During 2019-2026

Findings from Facts and Factors report "Aspirin Market By Application (Fever, Pain Relief, Inflammation, Antiplatelet, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020-2026" states that the global Aspirin market in 2019 was approximately USD 250 Million. The market is expected to grow at a CAGR of 6% and is anticipated to reach around USD 373 Million by 2026.

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Aspirin (acetylsalicylic acid) is a synthetic organic. It is derived from salicylic acid. It is one of the most commonly utilized drugs for pain relief. This drug is the first no steroidal anti-inflammatory drug (NSAID). Aspirin is used for a variety of applications such as to cure fever, relieve pain, cure inflammation, and many other applications.

The rising demand for aspirin to cure pain is the major driver of the target market. In addition, aspirin is used to fight a host of health problems including general pain or fever. Moreover, it is utilized to cure cerebral thrombosis. Furthermore, the drug is useful in curing several diseases such as gout, rheumatic fever, and rheumatoid arthritis. Basically, aspirin is useful in curing health-related issues. However, allergies and side effects associated with aspirin may harm the target market growth over the forecast period. Nevertheless, online marketing and advertisement of aspirin and is expected to create lucrative growth opportunities for the target market.

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In terms of application, the target market is categorized as fever, pain relief, inflammation, antiplatelet, and others. Among these, the pain relief category is expected to dominate the application segment owing to the ability of aspirin to relieve pain within the body. It reduces the production of prostaglandins. Hence, it is majorly used by consumers for pain relief.

In terms of region, the target market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, North America is expected to be the leading one. There are highly competitive pharmaceutical industries in both generic product segments as well as branded segments in the region. Moreover, companies in the region compete among themselves. In addition, almost all the target market key players in the region are active in the production of drugs with the potential such as the treatment of cardiovascular, infectious, oncology, and psychiatric diseases. Apart from this, the North American target market key players are also involved in several R&D activities. These factors have majorly propelled the target market growth in North America.

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Some of the key players operating in the target market are Novacyl, Bayer, Andhra Sugars, WuyiCihang, HuayinJinqiancheng, NanjingPharmaceutical, HunanZhongnan, Shandong Xinhua, HebeiJingye Group, Jilin Pharmaceutical, and Others.

This report segments the Aspirin Market as follows:

Global Aspirin Market: By Application Segmentation Analysis

Fever
Pain Relief
Inflammation
Antiplatelet
Other

Global Aspirin Market: Regional Segmentation Analysis

North America
The U.S.
Canada
Europe
Germany
The UK
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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