Ibuprofen Market Demand Makes Room for New Growth Story
According to HTF Market Intelligence, the Global Ibuprofen market to witness a CAGR of 2.4% during forecast period of 2023-2028. The market is segmented by Global Ibuprofen Market Breakdown by Application (Headache, Dental Pain, Menstrual Cramps, Muscle Aches, Arthritis, Others) by Type (Tablet, Capsule, Suspension, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Ibuprofen market size is estimated to increase by USD 20.7 Million at a CAGR of 2.4% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 90 Million.
The ibuprofen market refers to the global industry involved in the production, distribution, and sale of the nonsteroidal anti-inflammatory drug (NSAID) called ibuprofen. Ibuprofen is a medication commonly used for the relief of pain, fever, and inflammation, and is available over-the-counter and through prescription.
Ibuprofen market – Competition Analysis
The global Ibuprofen market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are BASF SE. (Germany), BIOCAUSE Inc. (China), Reyoung Pharmaceutical Co., Ltd (China), Xi’an Tian Guangyuan Biotech Co., Ltd. (China), Anhui Medipharm Co., Ltd. (China), Wuhan Xing Yun Nv Hai Technology Co., Ltd. (China), Wuhan Kaimubuke Pharmaceutical Technology Co., Ltd. (China), Hebei Lvyang Biotechnology Co., Ltd. (China), Solara Active Pharma Sciences Limited., SI Group, Inc. (United States), Rochem International Inc (United States), IOL Chemicals and Pharmaceuticals (India), Wellona Pharma (India), Taj Pharma (India), Elite Pharma Private Limited (India).
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