Anti-Inflammatory Drugs Market Expected to Reach US$ 79,830.2 Million by 2027

 
Anti-inflammatory Drugs Market

The Anti-inflammatory Drugs Market is estimated to be valued at US$ 79,830.2 million in 2020 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Anti-inflammatory drugs are medications that alleviate inflammation and help manage conditions such as rheumatoid arthritis, chronic pain, asthma, and inflammatory bowel disease. These drugs provide relief by inhibiting certain enzymes or suppressing the activity of the immune system. The increasing prevalence of chronic diseases, rising geriatric population, and a growing demand for effective pain management are driving the growth of the anti-inflammatory drugs market. Additionally, advancements in drug delivery methods and the introduction of novel anti-inflammatory drugs with improved efficacy and safety profiles are further propelling market growth.

Market Key Trends:
One key trend in the anti-inflammatory drugs market is the increasing adoption of biologic drugs. Biologic drugs, also known as biological response modifiers, are derived from living organisms and target specific components of the immune system to reduce inflammation. Unlike traditional NSAIDs (nonsteroidal anti-inflammatory drugs) that primarily block enzymes to suppress inflammation, biologic drugs directly modulate the immune responses involved in the inflammatory process. This targeted approach offers more effective and personalized treatment options for patients with autoimmune diseases and chronic inflammatory conditions. The rising demand for biologic drugs and the development of new biologic therapies with enhanced efficacy and reduced side effects are expected to drive the market growth in the coming years.


Segment Analysis:

One dominant segment in the anti-inflammatory drugs market is the nonsteroidal anti-inflammatory drugs (NSAIDs) segment. NSAIDs are widely used for the treatment of pain and inflammation and have been available over-the-counter as well as by prescription. This segment is dominating the market due to its widespread usage and accessibility. NSAIDs are used for various conditions such as arthritis, musculoskeletal disorders, menstrual cramps, and headaches, among others.

Moreover, the increasing prevalence of chronic diseases such as arthritis and osteoporosis is also driving the demand for NSAIDs. These drugs provide effective relief from pain and inflammation associated with these conditions. Additionally, the rising geriatric population, who are more prone to develop inflammatory diseases, is further fueling the growth of the NSAIDs segment.

Key Takeaways:

The Global Anti-Inflammatory Drugs Market Demand is expected to witness high growth, exhibiting a CAGR of 8.6% over the forecast period. This growth is primarily attributed to the increasing prevalence of chronic diseases and the rising geriatric population. The market size is projected to reach US$ 79,830.2 million in 2020.

In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the anti-inflammatory drugs market. This can be attributed to factors such as the high prevalence of chronic diseases, well-established healthcare infrastructure, and favorable reimbursement policies. Additionally, the presence of major pharmaceutical companies in this region further contributes to its market dominance.

Key players operating in the anti-inflammatory drugs market include Pfizer, Inc., GlaxoSmithKline plc, Johnson & Johnson Services Inc., Merck & Company, Inc., Novartis AG, Amgen, Inc., AstraZeneca plc, Eli Lilly and Company, AbbVie Inc., F. Hoffmann-La Roche AG, Bristol Myers Squibb Company, Biogen Inc., Sun Pharmaceutical Industries Ltd, Mylan, Inc., Aurobindo Pharma Limited, and Dr. Reddy’s Laboratories, among others. These key players are constantly engaged in research and development activities to introduce innovative anti-inflammatory drugs and strengthen their market position.

Read more:

https://www.marketwebjournal.com/anti-inflammatory-drugs-market-growth-demand-and-size/



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