Dublin, Oct. 24, 2023 (GLOBE NEWSWIRE) -- The "Aspirin Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global aspirin market is expected to experience consistent growth, with estimates indicating an increase from $2.36 billion in 2022 to $2.45 billion in 2023, reflecting a compound annual growth rate (CAGR) of 4.14%. This growth trajectory is anticipated to continue, propelling the aspirin market to reach $2.92 billion by 2027, driven by a CAGR of 4.41%.
Key players in the aspirin market, including Bayer AG, Allegiant Health, Par Pharmaceutical, Cardinal Health, Inc., Nanjing pharmaceutical factory Co. Ltd., JQC (Huayin) Pharmaceutical Co., Ltd., LNK International, Inc., Bal Pharma Limited, Trumac Healthcare, Perrigo Company PLC, Alta Laboratories Ltd., Zhenjiang Gaopeng Pharmaceutical Co., Ltd., J.M. Loveridge Ltd., Mayne Pharma Group Limited, and St. Joseph's Aspirin, are strategically positioned to benefit from this growth.
Reasons to Choose Aspirin
- Global Perspective: Gain comprehensive insights across 50+ geographies.
- COVID-19 Impact: Understand how the market responded to the pandemic and its ongoing effects.
- Geopolitical Factors: Assess the impact of the Russia-Ukraine war on agriculture, energy, mineral commodity supply, and its direct and indirect influence on the market.
- Inflation Impact: Measure the effects of high global inflation on market growth.
- Regional Strategies: Develop tailored strategies based on local data and analysis.
- Growth Segments: Identify promising segments for investment.
- Competitive Edge: Outperform competitors using forecast data and market trends.
- Market Shares: Understand customer preferences through the latest market shares.
- Performance Benchmarking: Compare performance against key competitors.
- Presentation Support: Enhance internal and external presentations with high-quality data and analysis.
Aspirin: A Trusted Medication
Aspirin, also known as acetylsalicylic acid (ASA), is a non-steroidal anti-inflammatory drug used to treat fever and minor aches. It is commonly employed to manage conditions such as arthritis and reduce the risk of heart attacks and strokes.
Types of Aspirin Products
- Prescription: Medications that require a certified physician's prescription for purchase.
- OTC (Over-The-Counter): Medications available without a prescription.
Routes of Administration
Aspirin is administered orally, rectally, or parenterally (intravenously or intramuscularly). Various dosage forms include tablets, capsules, injections, and suppositories.
Versatile Applications
Aspirin finds applications in diverse areas, including cardiovascular disease management, pain relief, fever reduction, and inflammation control. The end-users of aspirin encompass hospitals, clinics, and various other entities.
Market Research Report
Our comprehensive report provides detailed aspirin market statistics, covering global market size, regional market shares, key competitors with their market share, granular market segments, emerging market trends, and promising opportunities.
Technological Advancements: A Key Trend
Product innovation is a prominent trend in the aspirin market. Leading companies are introducing innovative products like VAZALORET liquid-filled aspirin capsules to strengthen their market presence.
Increasing Prevalence of Arthritis
The rising prevalence of arthritis is expected to drive market growth. Arthritis, characterized by joint pain and swelling, prompts the use of aspirin for pain relief and inflammation reduction. According to the Centers for Disease Control and Prevention, approximately 1 in 4 US adults had doctor-diagnosed arthritis in 2022, totaling nearly 58.5 million individuals. This number is projected to reach 78.4 million by 2040, driving the demand for aspirin.
Market Value and Geographical Revenues
The aspirin market comprises sales of capsules, chewable tablets, and coated tablets. Market values reflect the 'factory gate' values, encompassing the sales of goods by manufacturers to other entities or directly to end customers, along with related services provided by the creators of the goods.
Global Aspirin Market Insights
For comprehensive insights and a detailed analysis of the aspirin market, please refer to the complete market research report.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $2.45 billion |
| Forecasted Market Value (USD) by 2027 | $2.92 billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Aspirin Market Characteristics
3. Aspirin Market Trends And Strategies
4. Aspirin Market - Macro Economic Scenario
4.1. COVID-19 Impact On Aspirin Market
4.2. Ukraine-Russia War Impact On Aspirin Market
4.3. Impact Of High Inflation On Aspirin Market
5. Aspirin Market Size And Growth
5.1. Global Aspirin Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Aspirin Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Aspirin Market Segmentation
6.1. Global Aspirin Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Prescription
- OTC
6.2. Global Aspirin Market, Segmentation By Route Of Administration, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Oral
- Rectal
- Parenteral
6.3. Global Aspirin Market, Segmentation By Dosage Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Tablets
- Capsules
- Injections
- Suppositories
6.4. Global Aspirin Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Cardiovascular Disease
- Pain, Fever, Or Inflammation
- Other Applications
6.5. Global Aspirin Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hospitals
- Clinics
- Other End Users
7. Aspirin Market Regional And Country Analysis
7.1. Global Aspirin Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Aspirin Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/a0yxon
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