Press release
Anti-Inflammatory Drugs Market to Reach USD 198.92 Billion by 2031 | Leading key players - AbbVie Inc., Johnson & Johnson Services, Inc., Pfizer Inc.
The Global Anti-inflammatory Drugs Market reached US$ 102.72 billion in 2023 and is expected to reach US$ 198.92 billion by 2031, growing at a CAGR of 8.7% during the forecast period 2024-2031.The Anti-Inflammatory Drugs Market, as examined by DataM Intelligence, provides a thorough industry overview enriched with detailed insights, historical data, and essential statistics. The report extensively explores market dynamics and competitive landscapes, featuring profiles of leading companies, their product offerings, pricing strategies, financials, growth plans, and geographic footprint.
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The Anti-Inflammatory Drugs Market comprises medications used to reduce inflammation, alleviate pain, and treat conditions such as arthritis, asthma, and autoimmune diseases. These drugs include nonsteroidal anti-inflammatory drugs (NSAIDs), corticosteroids, and biologics. Market growth is driven by increasing chronic disease prevalence, aging populations, and advancements in drug formulations to enhance efficacy and minimize side effects.
Prominent Industry players in the Anti-Inflammatory Drugs Market
The prominent players in Anti-Inflammatory Drugs market research report are: AbbVie Inc., Johnson & Johnson Services, Inc., Pfizer Inc., F. Hoffmann-La Roche Ltd, AstraZeneca, Novartis AG, Amgen Inc., GSK plc, Merck & Co., Inc., Bristol-Myers Squibb Company, and Viatris Inc. among others.
Emerging Players: UCB S.A., Rapport Therapeutics, and Apogee Therapeutics, Inc. among others.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Industry News
In July 2024, Hikma Pharmaceuticals PLC announced a major milestone as the U.S. Centers for Medicare and Medicaid Services (CMS) granted a unique, permanent HCPCS J-code for COMBOGESIC IV a non-opioid intravenous formulation combining acetaminophen and ibuprofen. This approval supports broader accessibility and reimbursement for adult pain management without the use of opioids.
In July 2024, Alembic Pharmaceuticals received final approval from the U.S. FDA for its Bremen Ophthalmic Solution, 0.07%. This NSAID medication is intended for use after cataract surgery, helping to reduce ocular pain and manage postoperative inflammation, offering patients an effective nonsteroidal option for eye care recovery.
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Market Segments
By Drug Class: Anti-Inflammatory Biologics, Nonsteroidal Anti-inflammatory Drugs (NSAIDs), Corticosteroids, Immune Selective Anti-Inflammatory Derivatives (ImSAIDs), Others.
By Application: Arthritis, Chronic Obstructive Pulmonary Disease (COPD), Multiple Sclerosis, Inflammatory Bowel Disease (IBD), Asthma, Tendonitis, Others.
By Route of Administration: Oral, Injection, Inhalation, Topical.
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.
The Anti-Inflammatory Drugs industry is undergoing swift expansion, fueled by breakthroughs in medical technology, growing demand for cutting-edge therapies, and an increasing emphasis on patient-centric care. As the sector advances, in-depth market analysis is essential to track evolving trends, regulatory developments, and new opportunities.
Regions Covered:
The global Anti-Inflammatory Drugs Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
FAQs:
✒ What is driving the growth of the Anti-Inflammatory Drugs Market?
✒ Who are the prominent players in the Anti-Inflammatory Drugs Market?
✒ How is the regulatory landscape affecting the Anti-Inflammatory Drugs Market?
✒ What regions are expected to see the highest growth?
✒ What are the key challenges faced by the Anti-Inflammatory Drugs Market?
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