The pharmaceutical suspension global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Pharmaceutical Suspension Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The pharmaceutical suspension market size has grown strongly in recent years. It will grow from $54.33 billion in 2023 to $57.38 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to rise in cancer, rise in geriatric population, rise of home healthcare, increasing per capita healthcare expenditure, and increasing number of hospitals.
The pharmaceutical suspension market size is expected to see strong growth in the next few years. It will grow to $71.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to the increasing prevalence of chronic diseases, rising demand for pediatric and geriatric formulations, growing investment in pharmaceutical research and development, increasing burden of chronic pain, and rising demand for personalized medicine. Major trends in the forecast period include technological advancements, personalized medicine, herbal suspensions, nanotechnology, and digital health integration.
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Scope Of Pharmaceutical Suspension Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Pharmaceutical Suspension Market Overview
Market Drivers –
The increasing prevalence of chronic diseases is expected to propel the growth of the pharmaceutical suspension market going forward. Chronic diseases refer to long-lasting health conditions that persist over time. Chronic disease conditions arise due to aging populations, unhealthy diets, a lack of physical activity, genetic factors, and environmental exposure. Pharmaceutical suspensions are used for chronic diseases by providing a liquid form of medication that enhances drug delivery for insoluble drugs, allows for controlled release, improves patient compliance, offers customizable dosing, and can strengthen bioavailability and efficacy for long-term management of conditions. For instance, in April 2022, according to the National Association of Chronic Disease Directors (NACDD), a US-based non-profit organization, almost 60% of adult Americans have at least one chronic disease, and approximately 40% of American adults have multiple chronic conditions (MCC), and this is expected to cost the US economy 2 trillion dollars annually, or $8,600 per person by 2030. Therefore, the increasing prevalence of chronic diseases is driving the growth of the pharmaceutical suspensions market.
Market Trends –
Major companies operating in the pharmaceutical suspensions market are developing innovative medication formulations, such as electrolyte imbalance liquid medications, to enhance treatment options and improve patient outcomes for managing various health conditions. Electrolyte imbalance liquid medication is a pharmaceutical solution designed to correct or manage imbalances in electrolytes within the body. For instance, in May 2024, ANI Pharmaceuticals Inc., a US-based pharmaceutical company, launched Kionex Suspension for rectal or oral application. This suspension offers several unique features, including its targeted use for lowering elevated potassium levels in the blood through the exchange of potassium ions for sodium ions in the gastrointestinal tract. The liquid form of Kionex Suspension ensures ease of administration, particularly for patients who have difficulty swallowing tablets. This formulation is designed to provide controlled and effective potassium removal, addressing a critical need for managing electrolyte imbalances.
The pharmaceutical suspension market covered in this report is segmented –
1) By Type: Oral, Parenteral, Other Types
2) By Indication: Infectious Diseases, Cancer, Gastrointestinal, Neurological, Other Indications
3) By Distribution Channel: Hospital Pharmacies, Drug Store And Retail Pharmacies, Online Providers
4) By End User: Hospitals And Clinics, Home Care Settings, Other End Users
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Regional Insights –
North America was the largest region in the pharmaceutical suspension market in 2023. The regions covered in the pharmaceutical suspension market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the pharmaceutical suspension market are Pfizer Inc., Johnson & Johnson, Merck & Co Inc., Novartis AG, Sanofi S.A., AstraZeneca plc, GlaxoSmithKline plc, Eli Lilly and Company, Mayo Clinic, Cleveland Clinic, Lonza Group AG, Hikma Pharmaceuticals PLC, Amneal Pharmaceuticals LLC, Lupin Limited, Glenmark Pharmaceuticals Ltd., ANI Pharmaceuticals Inc., Aristopharma Ltd., Upsher-Smith Laboratories LLC, Padagis LLC, MedEx, Express Pharma, Otsuka Pharmaceutical Co Ltd., Healio, Fluid Handling Inc., Hoffmann-La Roche Ltd., Medthority, SpineThera Inc.< /b>
Table of Contents
1. Executive Summary
2. Pharmaceutical Suspension Market Report Structure
3. Pharmaceutical Suspension Market Trends And Strategies
4. Pharmaceutical Suspension Market – Macro Economic Scenario
5. Global Pharmaceutical Suspension Market Size and Growth
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32. Global Pharmaceutical Suspension Market Competitive Benchmarking
33. Global Pharmaceutical Suspension Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pharmaceutical Suspension Market
35. Pharmaceutical Suspension Market Future Outlook and Potential Analysis
36. Appendix
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