Rise in prevalence of arthritis, cardiovascular diseases, and cancer, growing incidence of bone and muscle disorders, increase in prevalence of mucoskeletal diseases, and development in intravenous ibuprofen formulations in the global intravenous (IV) ibuprofen market drive the growth of the market. By age group, the adults segment accounted for the highest market share in 2020. Based on indication, the fever segment is anticipated to grow at the fastest CAGR through 2030.
Portland, OR, June 16, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the intravenous (IV) Ibuprofen market was valued at $5.34 million in 2020, and is estimated to reach $15.48 million by 2030, registering a CAGR of 13.38% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Growing instances of arthritis, cardiovascular diseases, and cancer, increase in prevalence of bone and muscle disorders, such as ankylosing spondylitis and rheumatoid arthritis, rise in number of orthopedic hospitals and diagnostic centers, increase in prevalence of mucoskeletal diseases and orthopedic surgery, and easy availability of ibuprofen as an over the counter medication drive the growth of the intravenous (IV) ibuprofen market. On the other side, side effects associated with ibuprofen restrict the industry growth. Moreover, increase in the number of product approvals and government regulations for NSAIDs drug offer lucrative opportunities for the market.
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The COVID-19 outbreak negatively impacted the growth of the intravenous (IV) ibuprofen market as operations stalled in most hospitals due to the lockdowns in many countries.
However, restructuring of many clinics and hospitals all over the world to increase hospital accommodations and offer better healthcare services contributes to the market growth.
Market Size by 2030
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COVID-19 Outbreak & Impact
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The global intravenous (IV) ibuprofen market is analyzed across age group, indication and region. By age group, the adults segment accounted for around 95% of the total market share in 2020, and is projected to rule the roost by the end of 2030. However, the pediatrics segment is expected to grow at the highest CAGR of 13.90%.
Based on indication, the pain segment occupied nearly three-fourths of the overall market share and is likely to maintain its dominance from 2020 to 2030. However, the fever segment is anticipated to grow at the fastest CAGR of 13.88% through 2030.
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Based on geography, the United States held the major share in 2020, garnering nearly half of the global market and is likely to continue with its lead position through the forecast period. The market across China would cite the fastest CAGR of 15.25% by 2030.
The key players analyzed in the intravenous (IV) ibuprofen market include AFT Pharmaceuticals, Cumberland Pharmaceuticals Inc., Dano Health Group, Grifol, Harbin Gloria Pharmaceuticals Co., Ltd., Hyloris Pharmaceuticals SA, Pharma Bavaria International, Recordati, SG pharma, and XGEN.
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