Nonsteroidal Antiinflammatory Drugs Market was valued at USD 33.9 Billion in 2022 and is projected to reach USD 54.3 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
The Nonsteroidal Antiinflammatory Drugs (NSAIDs) market has experienced significant shifts between 2018 and 2022, driven by evolving consumer preferences, healthcare trends, and technological advancements in drug development. From 2018 to 2022, the demand for NSAIDs was largely influenced by the increasing prevalence of chronic conditions, such as arthritis, pain management, and inflammation-related diseases. The market witnessed a surge in consumer awareness regarding pain relief alternatives, which led to a steady demand for both prescription and over-the-counter NSAIDs. Additionally, key players in the market focused on expanding their product portfolios, especially with the introduction of innovative formulations and delivery systems aimed at reducing gastrointestinal side effects. This period also saw a greater emphasis on generics, which contributed to the cost-effectiveness of NSAIDs.
Looking ahead to the 2023-2033 period, the demand for NSAIDs is expected to continue growing, albeit with some changes in the landscape. As the global population ages, the prevalence of chronic inflammatory diseases is anticipated to increase, driving a sustained need for pain management solutions. However, the demand from 2023 to 2033 will likely be shaped by the growing awareness of the long-term side effects associated with prolonged NSAID use, such as gastrointestinal issues and cardiovascular risks. This shift in consumer behavior could lead to a rise in demand for safer alternatives, including the development of new NSAID formulations that target these concerns.
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Sanofi S.A.
Novartis AG
GlaxoSmithKline PLC
Pfizer
DOMESCO
Sanofi S.A.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Nonsteroidal Antiinflammatory Drugs Market
Osteoarthritis
Muscle Aches
Backaches
Dental Pain
Others
Based on Types the Market is categorized into Below types that held the largest Nonsteroidal Antiinflammatory Drugs market share In 2023.
Oral
Injection
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Nonsteroidal Antiinflammatory Drugs Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Nonsteroidal Antiinflammatory Drugs Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Nonsteroidal Antiinflammatory Drugs Market, By Type
6. Global Nonsteroidal Antiinflammatory Drugs Market, By Application
7. Global Nonsteroidal Antiinflammatory Drugs Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Nonsteroidal Antiinflammatory Drugs Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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