The global Ibuprofen market volume was roughly 46 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 2.3% during the forecast period until 2034.
Ibuprofen is a useful medication belonging to the class of non-steroidal anti-inflammatory drugs (NSAIDs), renowned for its efficacy in managing a spectrum of conditions. Primarily recognized for its role in pain relief and inflammation reduction, ibuprofen extends its utility to encompass various other applications. One of its widespread uses is in the short-term alleviation of fever, where it helps to lower elevated body temperatures effectively. Additionally, ibuprofen is commonly employed in addressing headaches, whether they stem from tension, migraine, or other causes. Dental pain, such as toothaches or discomfort following dental procedures, also finds relief through ibuprofen's analgesic properties. Moreover, ibuprofen proves valuable in managing menstrual cramps, offering relief from the discomfort associated with menstrual periods. Muscle aches and pains, often resulting from overexertion or minor injuries like sprains and strains, can also be mitigated with ibuprofen's anti-inflammatory effects. Its versatility and effectiveness extend to various everyday ailments, making it a staple in medicine cabinets worldwide. However, it's important to use ibuprofen as directed and consult a healthcare professional for guidance, especially when considering long-term or high-dose usage to ensure safe and effective management of symptoms.
The global Ibuprofen market is driven by several key factors. Firstly, the increasing incidence of chronic pain conditions, including arthritis and musculoskeletal disorders, fuels demand for pain-relieving medications like Ibuprofen. Additionally, the growing aging population worldwide contributes to higher rates of age-related ailments, such as osteoarthritis and joint pain, further boosting Ibuprofen usage. Moreover, rising healthcare expenditure, particularly in emerging economies, enables greater access to medications like Ibuprofen, driving market growth. The expansion of the over-the-counter (OTC) market, coupled with consumer preference for self-medication, significantly contributes to Ibuprofen's market expansion. Furthermore, continuous advancements in drug delivery technologies enhance the efficacy and convenience of Ibuprofen, further propelling its market growth. Increasing awareness about pain management options and the availability of educational resources regarding Ibuprofen's benefits and proper use also lead to higher consumer adoption and market growth. Lastly, the expanding pharmaceutical industry and investments in research and development for novel Ibuprofen formulations and combination therapies drive innovation and market expansion, collectively contributing to the sustained growth of the global Ibuprofen market. The global Ibuprofen market is likely to reach approximately 60 thousand tonnes in 2034.
Geographically, North America is the largest consumer of Ibuprofen and is likely to maintain its position in the upcoming years as well. North America emerged as the leading revenue contributor to the Global Ibuprofen Market, a trend expected to persist throughout the forecast period. This dominance is driven by several factors, including heightened public awareness of health and wellness, a growing elderly population, increased healthcare expenditure, lifestyle changes, and the substantial presence of major market players within the region. Meanwhile, the Asia Pacific region is poised for notable expansion, experiencing a significant growth rate during the forecast period. This growth is primarily fuelled by the escalating incidence and prevalence of rheumatoid arthritis disease and the continuous rise in healthcare spending across the region. Additionally, the cost-effective manufacturing environment in countries like China and India has spurred the establishment of production facilities, attracting pharmaceutical and biotechnological giants from across the globe to invest in the Asia-Pacific market.
Based on end-use applications, the global Ibuprofen market is divided into Rheumatoid Arthritis & Osteoarthritis, Cancer, Pain & Fever, Inflammatory Diseases, Headache, and Others. Among these industries, Rheumatoid Arthritis & Osteoarthritis is the major segment.
Major players in the Global Ibuprofen market are BASF SE, Granules India Limited, IOL Chemicals and Pharmaceuticals Limited., SI Group, Inc., Strides Pharma Science Limited., Xinhua Pharm, and Zhejiang Hisoar Pharmaceutical Co.,Ltd., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Ibuprofen which covers production, demand and supply of Ibuprofen market in the globe.
• To analyse and forecast the market size of Ibuprofen
• To classify and forecast Global Ibuprofen market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ibuprofen market in the globe.
To extract data for Global Ibuprofen market, primary research surveys were conducted with Ibuprofen manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Ibuprofen market over the coming years.
ChemAnalyst calculated Ibuprofen demand across the globe by analyzing the volume of Ibuprofen consumed by the End-Use Applications and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ibuprofen manufacturers and other stakeholders
• Organizations, forums and alliances related to Ibuprofen distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ibuprofen manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Ibuprofen market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
46 thousand tonnes
Market size Volume in 2034
60 thousand tonnes
Growth Rate
CAGR of 2.3% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Type, Demand by End-Use Application, Demand by Region, 9. Demand by Distribution Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use Application: (Rheumatoid Arthritis & Osteoarthritis, Cancer, Pain & Fever, Inflammatory Diseases, Headache, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Ibuprofen market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Ibuprofen.
3. Capacity By Location
To better understand the regional supply of Ibuprofen by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Ibuprofen by the leading players and forecast how it will grow in the coming years.
6. Demand by Type
Learn about the various types of Ibuprofen - Oral and Injection, and their demands. It will allow you to choose which Mode of Administration to concentrate on when designing your strategy.
7. Demand by End-Use Applications
Discover which end-user application (Rheumatoid Arthritis & Osteoarthritis, Cancer, Pain & Fever, Inflammatory Diseases, Headache, and Others) are creating a market and the forecast for the growth of the Ibuprofen market.
8. Demand by Region
Analyzing the change in demand of Ibuprofen in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
9. Demand by Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy)
Multiple channels are used to sell Ibuprofen. Our Distribution Channel will help in analyzing whether Hospital Pharmacy, Retail Pharmacy, or Online Pharmacy make up most of the industry's sales.
10. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Ibuprofen.
11. Company Share
Figure out what proportion of the market share of Ibuprofen is currently held by leading players across the globe.
12. Manufacturing Process
Discover insights into the intricate manufacturing process of Ibuprofen.
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into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the net market size of Ibuprofen in terms of volume in 2023?
Ans:
The global market size of Ibuprofen has reached approximately 46 thousand tonnes in 2023.
Q2.
Which region is the leading consumer of Ibuprofen?
Ans:
North America is the leading consumer of Ibuprofen globally.
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