Press release
Pharmaceutical Suppositories Market 2024-2033: Size, Share & Competitive Landscape Analysis
The pharmaceutical suppositories market size is expected to see strong growth in the next few years. It will grow to $2.19 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increase in prevalence of kidney damage or failure and an increase in prevalence of hemorrhoids. Major trends in the forecast period include strategic partnerships, technological advancements, product innovation and focus on patient convenience and adherence. .
Market Overview -
A pharmaceutical suppository refers to a little block of solid medication that is inserted into the vagina or rectu*m and slowly dissolves at body temperature.
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Catalyst For Pharmaceutical Suppositories Market Growth
The increasing prevalence of diseases is expected to propel the pharmaceutical suppositories market going forward. The prevalence of diseases is rising mainly due to factors such as geology and climate, and insects that transmit the agent. Pharmaceutical suppositories help treat the increasing number of patients with various diseases due to the increasing prevalence of diseases. A pharmaceutical suppository is an additional drug delivery method that inserts a small, cylindrical, or conical device into the body, usually into the bottom which dissolves or melts releasing the drug to cure the disease. For instance, according to the report by the Australian Institute of health and welfare, over 4,700 hospitalizations were reported to have COVID-19 infection in 2020-2021. Viral pneumonia (24% of cases), 'COVID-19 infection' (19%), and symptoms including cough (9.9%), fever (6.6%), and breathing problems (4.8%) were the most frequent primary diagnoses recorded alongside other infectious diseases. Therefore, the increasing prevalence of diseases is driving the growth of the pharmaceutical suppositories market.
Competitive Landscape -
Major companies operating in the pharmaceutical suppositories market report are Bayer AG, Pfizer Inc, Novartis International Ag, Sanofi S.A., Intas Pharmaceuticals Ltd,Unither Pharmaceuticals, Cosette Pharmaceuticals, Inc, Aenova Holding GmbH, Delpharm, Bliss GVS Pharma Ltd, JoinHub Pharma, Sun Pharmaceutical Industries Ltd, Cipla Ltd, Divis Laboratories Ltd, Dr. Reddys Laboratories Ltd, Apollo Hospitals Enterprise Ltd, Torrent Pharmaceuticals Ltd, Amgen, Bristol Myers Squibb, Chiesi Farmaceutici, CSPC Pharmaceutical Group, Esteve Química, Humanwell Healthcare (Group) Co, Jiangsu Hengrui Pharmaceutical, GlaxoSmithKline (GSK), Nordic Pharma Group, Phoenix Pharma Group, DocMorris, Medpex, AstraZeneca, Abbott Laboratories, Mylan, Zentiva, Merck & Co, Teva Pharmaceutical Industries Ltd, AbbVie Inc, Apotex, Gilead Sciences, Roche, EMS Pharma, Biolab Farmaceutica, Boehringer Ingelheim, JRS Pharma, Roquette, Odan Laboratories Ltd, Axantia, Fresenius Kabi South Africa (Pty) Ltd, Kiara Health (Pty) Ltd, IBD Africa, Menarini Group, Padagis LLC
Transforming The Pharmaceutical Suppositories Market
Technological advancements are a key trend gaining popularity in the pharmaceutical suppositories market. Major companies operating in the pharmaceutical suppositories market are using advanced technologies to sustain their position in the pharmaceutical suppositories market. For instance, in March 2021, CB21 Pharma, a subsidiary of CB*Depot, a US-based manufacturer and B2B provider of high-end cannabi*s products, launched CANNEFF VAG SUP vaginal suppositories and CANNEFF SUP rectal suppositories. CANNEFF VAG SUP is used for further therapy for the healing of atrophic and dystrophic vaginal mucous membrane disorders whereas CANNEFF SUP is utilized as a supplement to proctological procedures, proctitis, cryptitis, anal fissures, and perianal fistula to aid in the anorectal canal disorders' healing processes.
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Key Segments -
The pharmaceutical suppositories market covered in this report is segmented -
1) By Type: Rectal Suppositories, Vaginal Suppositories, Urethral Suppositories, Other Types
2) By Base: Fatty Base, Water Miscible Bases, Emulsifying Bases
3) By End-User: Hospitals And Clinics, Nursing Homes, Home Care, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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