Pharmaceutical Suppositories Market 2023-2032: International Expansion, Future Outlook, Latest Trends And Major Players | Bayer AG, Pfizer Inc, Novartis International Ag, Sanofi S.A., Intas Pharmaceuticals Ltd

As per The Business Research Company's Pharmaceutical Suppositories Opportunities And Strategies Market Report 2023, The global pharmaceutical suppositories market reached a value of nearly $1,510.0 million in 2022, having grown at a compound annual growth rate (CAGR) of 3.2% since 2017. The market is expected to grow from $1,510.0 million in 2022 to $1,970.0 million in 2027 at a rate of 5.5%. The market is then expected to grow at a CAGR of 6.7% from 2027 and reach $2,720.0 million in 2032.

Increasing prevalence of kidney damage or failure is expected to propel the growth of the pharmaceutical suppositories market during the forecast period. Constipation is a common problem for people with chronic kidney disease as both iron tablets and calcium tablets can cause this side effect contributing to the growth of the pharmaceutical suppositories market in future. For example, according to the American Journal of Kidney Diseases, the prevalence of chronic kidney disease (CKD) in American adults aged more than 30 will rise from the 13.2% in 2015 to 16.7% by 2030. According to the Centres for Disease Control and Prevention (CDC), a staggering 37 million adults are estimated to have kidney disease in the USA as of February 2023. Therefore, the increasing number of people with kidney damage or failure cases will positively impact the growth of the pharmaceutical suppositories market going forward.

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Strategic partnerships are a key trend gaining popularity in the pharmaceutical suppositories market. Major companies are partnering with companies operating in the pharmaceutical suppositories market to strengthen their position. For instance, in February 2022, Cicatrix Labs Ltd, a Canada-based manufacturer of unique -infused products including topicals and suppositories, launched a line of suppositories in partnership with VIVO Inc, a Canadian licensed producer, and its subsidiaries Canna Farms Limited and ABcann Medicinals Inc. The suppositories are designed for vaginal and rectal use and are expected to be available through VIVO's Canna Farms e-commerce marketplace. Further, in April 2020, Neuraxpharm, a Germany-based specialty pharmaceutical company, in partnership with Panaxia Labs, an Israel-based medical manufacturer, started the marketing of medical products. This partnership expanded the development and production of advanced new products, including tablets, suppositories, and inhaled products.

The top opportunities in the pharmaceutical suppositories market segmented by type will arise in the rectal suppositories segment, which will gain $304.2 million of global annual sales by 2027. The top opportunities in the pharmaceutical suppositories market segmented by base will arise in the emulsifying bases segment, which will gain $194.5 million of global annual sales by 2027. The top opportunities in the pharmaceutical suppositories market segmented by end-user will arise in the hospital and clinics segment, which will gain $245.5 million of global annual sales by 2027. The pharmaceutical suppositories market size will gain the most in the USA at $154.3 million.

Pharmaceutical Suppositories Market Segmentation:
The Pharmaceutical Suppositories Market is segmented by type, by base and by end-user.

By Type -
The pharmaceutical suppositories market is segmented by type into
a) Rectal Suppositories
b) Vaginal Suppositories
c) Urethral Suppositories
d) Other Types

By Base -
The pharmaceutical suppositories market is segmented by base into
a) Fatty Base
b) Water Miscible Bases
c) Emulsifying Bases

By End-User-
The pharmaceutical suppositories market is segmented by end-user into
a) Hospitals And Clinic
b) Nursing Homes
c) Home Care
d) Other End Users

Major players in the Pharmaceutical Suppositories Market include Bayer AG, Pfizer Inc, Novartis International Ag, Sanofi S.A., Intas Pharmaceuticals Ltd.

The regions covered in the global Pharmaceutical Suppositories Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Pharmaceutical Suppositories Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Pharmaceutical Suppositories Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Pharmaceutical Suppositories Market, Conclusions And Recommendations
22. Appendix

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