Increasing Prevalence Of Arthritis Causing Disability Drives The Global Nsaids API Market

The research report "NSAIDs API Market: By Molecule Type (Ibuprofen, Aspirin, Paracetmol, Diclofenac, and Others), By Formulation (Tablets, Capsules. Suspension, Topical Presentations, and Others), and Geography-Global/Region/Country Forecast to 2028." The global NSAIDs API market poised to grow at significant CAGR rate of X% over 2022-2028.

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Growing geriatric population is impelling the Global NSAIDs API Market:
NSAIDs refer to drug class which group together drugs provide anti-pyretic and analgesic effects. There are a few factors fuelling the market growth are the Increase in the prevalence of arthritis resulting into disability and growing geriatric population around the globe. Furthermore, increase in the access to healthcare with fast penetration of technology and other advancements in the healthcare segment have increased the consumption of drugs, therefore directly creating positive impact on NSAID market. But the development of advanced medications and the availability of alternative products in the market for NSAIDs are anticipated to hinder the market growth.

Low cost of the non-steroidal anti-inflammatory drugs including ibuprofen, aspirin, piroxicam, Diclofenac and other drugs coupled with the better availability of the products bolster the global NSAIDs market revenue growth over the forthcoming years. Another factor enhances the market revenue during forecast period is the formulation of NSAIDs for the patient convenience. For instance, Pfizer, Inc. is marketing the Flector (Diclofenac Epolamine Topical Patch) for treating acute pain because of minor strains, sprains, and bruises. Moreover, NSAIDs also available in the injectable forms are easy to administer the patients who are not able to swallow the tablets. Furthermore, Mylan laboratories is manufacturing Brufen effervescent granules that can be easily administered to the geriatric and paediatric patients

North America accounted for larger revenue share in the Global NSAIDs API Market:
Global NSAIDs API market report aims at providing wide-ranging outlook on NSAIDs API across the globe with special emphasis on North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, North America got significant share in the global NSAIDs API market witnessing considerable CAGR rate and is anticipated to grow at high CAGR rate during the forthcoming years due to the growing research and development programs in the region and high demand for APIs in drug formulations. In addition, another factor enhancing the growth of the market for APIs is increasing preference towards generic medicine in the region. Asia Pacific holds second highest share in the global NSAIDs API market because of the presence of large number of generic manufacturers in the region.

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Competitive Analysis - Global NSAIDs API Market
Major players working in the global NSAIDs API market are Granules India Ltd. (India), Xinuha Pharm (China), IOL Chemicals and Pharmaceuticals Ld. (India), Strides Pharma Science Limited (India) and SI Group (U.S.).

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