NSAIDs API Market Size and Forecast to 2027 | Key Company Profile – Bayer AG, Strides Pharma Science Limited, BASF SE, Pfizer, Granules India Ltd

Precision Business Insights published a research report on "Global NSAIDs API Market: By Formulation (Capsules, Tablets, Topical Presentations, Suspension and Others), By Molecule Type (Aspirin, Paracetmol, Ibuprofen, and Others) and Regional Analysis - Global/Region/Country Forecast to 2027."

This market report provides in-detail view about NSAIDs API around the globe in prominent regions such as Middle East & Africa, North America, Latin America, Europe and Asia Pacific. This market analysis further explains competitive analysis, regulatory market scenario and human demographics for evaluating the market competition. This report also describes present, historical and future market sizes based on region, formulation and molecule type. This report also presents crucial dynamics to recognize the driver, possible challenges to the key players working in the market and upcoming opportunities in the market.

Furthermore, PBI aims to analyze global NSAIDs API Market to bring new investment opportunities for the clients around the regions. Key stakeholders of the global NSAIDs API Market report are policy makers, marketers, manufacturers, suppliers and healthcare service providers engaged in the global NSAIDs API.

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Global NSAIDs API Market Size and Growing Factors:
The global NSAIDs API market projected to grow at crucial CAGR due to the increasing number of aged population around the globe and increasing cases of arthritis. Almost 54.4 Mn US adults were suffering from different arthritis forms like fibromyalgia, lupus, and gout and rheumatoid and anticipated to increase more arthritis cases by 2040. NSAIDs are drugs class, which assembles drugs which give analgesic as well as anti-pyretic effects. Furthermore, other developments in the healthcare segment has raised the intake of the drugs and growing access to the healthcare with fast penetration of technology lead to create positive effect on NSAID market. On the other hand, introduction of advanced medications and availability of optional products to NSAIDs are projected to restrict the market growth. Affordable price of the non-steroidal anti-inflammatory drugs like piroxicam, aspirin, ibuprofen and a few other drugs and high availability of the products drive the market growth over the forecast period. NSAIDs formulation for the ease of the patients also augments the market share in upcoming years. Furthermore, NSAIDs can also be attained in injections forms, which are simple to administer the patients who are not able to ingest the tablets.

Global NSAIDs API Market Detailed Segmentation
By Molecule Type
o Aspirin
o Ibuprofen
o Diclofenac
o Paracetmol
o Others

By Region
o North America
o Asia-Pacific
o Europe
o Latin America
o Middle East and Africa (MEA)

By Formulation
o Tablets
o Capsules
o Suspension
o Topical Presentations
o Others

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Impact of COVID-19 on NSAIDs API Market:
In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

Among other regions, North America got the huge profit share in global NSAIDs API market with significant CAGR and is projected to grow with high CAGR over the forecast period due to the increasing use of APIs in drug formulations as well as development programs. Another enhancing factor for the growth of API market is the growing preference towards generic medicine. Asia Pacific got second highest share in the global NSAIDs API market because of the existence of huge number of generic manufacturers as well as rising demand for generics in the region boost the market growth during the forecast period.

Competition Assessment – Key Players operating in Global NSAIDs API Market
• Bayer AG (Germany)
• Strides Pharma Science Limited (India)
• BASF SE (Germany)
• Pfizer, Inc. (U.S.)
• Granules India Ltd. (India)

In order to increase their portfolio and their geographical existence, global NSAIDs API market is trying to bring new products in the market. For example, Teva Pharmaceutical Ltd in March 2019 made an announcement of launching an authorized generic of Flector Patch in the U.S.

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