Overview and Scope
A pharmaceutical suppository refers to a little block of solid medication that is inserted into the vagina or rectum and slowly dissolves at body temperature.
Sizing and Forecast
The pharmaceutical suppositories market size has grown strongly in recent years. It will grow from $1.6 billion in 2023 to $1.7 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increased healthcare expenditure, new regulatory approvals for marketing suppositories, government initiatives, the rise in prevalence of constipation and the increasing prevalence of diseases..
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. .
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Segmentation & Regional Insights
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
North America was the largest region in the pharmaceutical suppositories market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmaceutical suppositories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting 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.
Key Industry Players
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
The pharmaceutical suppositories market report table of contents includes:
1. Executive Summary
2. Pharmaceutical Suppositories Market Characteristics
3. Pharmaceutical Suppositories Market Trends And Strategies
4. Pharmaceutical Suppositories Market – Macro Economic Scenario
5. Global Pharmaceutical Suppositories Market Size and Growth
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32. Global Pharmaceutical Suppositories Market Competitive Benchmarking
33. Global Pharmaceutical Suppositories Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pharmaceutical Suppositories Market
35. Pharmaceutical Suppositories Market Future Outlook and Potential Analysis
36. Appendix
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