Global Pharmaceutical Suppositories Market Size 2024, Forecast To 2033
11 Mar, 2024
The pharmaceutical suppositories market has exhibited strong growth, rising from $1.6 billion in 2023 to $1.7 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period is attributed to increased healthcare expenditure, new regulatory approvals for marketing suppositories, government initiatives, the rise in the prevalence of constipation, and the increasing prevalence of diseases. Anticipating robust growth in the coming years, the market is projected to reach $2.19 billion in 2028, with a CAGR of 6.5%. The forecasted growth is driven by an increase in the prevalence of kidney damage or failure and a rise in the prevalence of hemorrhoids. Key trends in this period include strategic partnerships, technological advancements, product innovation, and a focus on patient convenience and adherence.
Global Pharmaceutical Suppositories Market Key Driver
The pharmaceutical suppositories market is set to experience growth fueled by the increasing prevalence of diseases globally. Factors such as geography, climate, and insect transmission contribute to the rising prevalence of diseases, necessitating effective treatment options. Pharmaceutical suppositories, as an alternative drug delivery method, play a crucial role in addressing the healthcare needs of patients with various diseases. The COVID-19 pandemic, as highlighted by the Australian Institute of Health and Welfare, resulted in over 4,700 hospitalizations in 2020–2021. With viral pneumonia, COVID-19 infection, and associated symptoms being prevalent, pharmaceutical suppositories are becoming crucial in disease management. The increasing prevalence of diseases is a driving force behind the growth of the pharmaceutical suppositories market, with market size values for 2023, 2024, and 2028 reflecting the impact of this trend.
Get A Free Sample Of The Global Pharmaceutical Suppositories Market ReportGlobal Pharmaceutical Suppositories Market Segments
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
By Geography:The regions covered in the pharmaceutical suppositories market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
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.
Major Pharmaceutical Suppositories Industry Players
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
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Pharmaceutical Suppositories Market Overview
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.
Pharmaceutical Suppositories Global Market Report 2023 provides data on the global pharmaceutical suppositories market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The pharmaceutical suppositories market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.