Press release
Celecoxib API Market Beyond NSAIDs: Celecoxib API and the Future of Inflammation Treatment 2024-2031
Global Celecoxib API Market Worth $87.0 Mn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Celecoxib API Market- (By Type (Standard Grade Celecoxib API, & Micronized Celecoxib API), By Application (Pharmaceutical, & Laboratory)) Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Celecoxib API Market is valued at US$ 58.9 Mn 2023, and it is expected to reach US$ 87.0 Mn by 2031, with a CAGR of 5.1% during the forecast period of 2024-2031.
Celecoxib API: A Growing Market Driven by Therapeutic Benefits
Celecoxib API, the active pharmaceutical ingredient (API) of the drug, is the key component responsible for its therapeutic benefits. Classified as a selective COX-2 inhibitor, celecoxib is a nonsteroidal anti-inflammatory drug (NSAID).
The global market for celecoxib API is experiencing growth driven by several key factors:
• High Demand: Celecoxib is a highly sought-after API due to its effectiveness in reducing inflammation and pain.
• Growing Focus on Arthritis Treatments: The increasing focus of pharmaceutical companies on developing effective arthritis treatments is driving demand for celecoxib, a key active ingredient in such medications.
• Sustainable Manufacturing Trends: A recent trend in the global celecoxib API market is the growing emphasis on sustainable and eco-friendly manufacturing practices. As environmental awareness rises, the pharmaceutical industry is exploring greener methods for celecoxib production, which is expected to further propel market growth in the coming years.
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List of Prominent Players in the Celecoxib API Market:
• Pfizer
• Teva Pharmaceuticals
• Viatris
• ScinoPharm
• Jiangxi Synergy
• Jiangsu Hengrui Medicine
• Jiangsu Chiatai Qingjiang
• Hisun Pharmaceutical Nantong
• Aurobindo Pharma
• Punjab Chemicals
Market Dynamics:
Drivers-
The growing demand for the celecoxib API market is fueled by the fact that it is extensively used to control pain and inflammation, especially in inflammatory joint diseases, which is growing the market growth. Furthermore, the prevalence of these chronic illnesses is rising with the age of the world's population, which is also driving market growth.
Furthermore, generic manufacturers have entered the market due to the expiration of important patents, which has increased accessibility and decreased costs for patients. Market demand for celecoxib is expected to be further boosted by the ongoing research into its therapeutic potential in several areas, including cancer prevention and psychiatric diseases. Innovations in pharmaceutical technology that enhance celecoxib's formulation also contribute to the industry's worldwide market growth.
Challenges:
One of the main obstacles is the complex regulatory landscape that pharmaceutical manufacturers must navigate. This environment requires extensive testing, quality control, and documentation to ensure compliance, all of which drive up production costs and impede market expansion.
The need for Celecoxib API may also decline if more effective and safer alternatives to the current pain and inflammation management options become available. Problems with Celecoxib's solubility and stability, among other technical challenges in API synthesis, pose a threat to the market since they can make formulation processes more complicated and reduce the therapeutic value of drugs. As a whole, these factors slow down the growth of the market celecoxib API.
Regional Trends:
The North American celecoxib API market is anticipated to register a major market share in revenue. It is projected to grow at a high CAGR in the near future because of a prosperous pharmaceutical sector that boasts state-of-the-art research and production facilities. Celecoxib pharmaceutical products, including active pharmaceutical ingredients, are efficiently produced and distributed in the region due to their strong infrastructure.
Besides, Europe has a substantial market share because celecoxib has a large customer base in the region because of the significant number of people living with chronic pain and inflammatory disorders. Europe's enormous patient population fosters consistent expansion and importance, robust regulatory frameworks, and advantageous reimbursement policies.
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Recent Developments:
• In April 2024, Pfizer Inc. revealed excellent top-line immunogenicity and safety findings from the current pivotal Phase 3 clinical trial called MONeT (RSV IMmunizatiON Study for AdulTs at Higher Risk of Severe Illness). In people 18 to 59 years old who were at risk of developing severe respiratory syncytial virus-associated lower respiratory tract disease, a single dosage of ABRYSVO was compared with a placebo in this experiment.
• In January 2024, Teva announced that it would be selling its business related to active pharmaceutical ingredients (APIs). TAPI, a global leader in the small-molecule API market, employs about 4,300 people.
Segmentation of Celecoxib API Market-
By Type
• Standard Grade Celecoxib API
• Micronized Celecoxib API
By Application
• Pharmaceutical
• Laboratory
By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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