Global Aspirin Market, By Route of Administration (Oral, Rectal, Parenteral), Dosage Form (Tablets, Capsules, Injections, Suppositories), Applications (Pain, Fever and Inflammation, Deep Vein Thrombosis and Others), Dose Type (Adult Dose and Pediatric Dose), Availability (Prescription and OTC), Product Type (Alone and Combination Products), End User (Hospitals, Clinics, Others), Distribution Channel (Hospital Pharmacies, Online Pharmacies, and Retail Pharmacies), Country (U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E., Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The aspirin market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market is growing at a CAGR of 3.10% in the above-mentioned research forecast period. The developments in the use of aspirin such as cardinal health have formulated a hydrogel in which aspirin was used as additives. The novel formulations in which aspirin is also used as a component can increase the market growth of aspirin.
Aspirin also known as acetylsalicylic acid which is mostly use as antipyretic, analgesic and anti-coagulant and is clinically used by the population over 100 years. Aspirin are also used in the prevention of cardiovascular disease. Aspirin is a cyclooxygenase (COX-1) inhibitor and can modify the enzymatic activity of cyclooxygenase-2 (COX-2). It irreversibly binds with this enzyme and also blocks the thromboxane A2 on platelet therefore, preventing the platelet aggregation.
Increase in conditions such as pain and inflammation in which arthritis can be one of the reasons may drive the aspirin market growth. Increase in change in population lifestyle such as smoking, overweight, consumption of high cholesterol food and many others can rise the prevalence of cardiovascular health disease both in developing as well as developed countries. The growing active pharmaceutical industry as well as use of these API’s in the formulation of drugs may increase the market growth for aspirin. The common side-effects related to the consumption of aspirin such as rash, abdominal pain, heartburn, drowsiness, cramping, nausea and many others whereas some of the rare side-effects for aspirin are hypersensitivity, eye syndrome and intracerebral hemorrhage which can hinder the aspirin market growth. Longer use or overdose of aspirin can lead to bleeding in small intestine, stomach and brain although there is a layer that protects the stomach and intestine but this layer can easily get damaged if there is overdose of aspirin. Therefore, this factor can also decrease the market growth for aspirin.
Aspirin can be used in the prevention of various other diseases such as cancer, diabetes, cryptococcal infection and nervous system disorders because the drug shows its effect on COX dependent and independent mechanism. The healthcare providers faces the problem to which age group the aspirin should be recommended or it should be prescribed for primary prevention of heart attack and stroke. For instance, the aspirin was banned in the U.K. for the children who are under age of 16 years. These issues faced by the healthcare providers can be a challenge for the aspirin market growth. The challenges related to aspirin solubility, stability and toxicity is still an issue.
This aspirin market provides details of market share, new developments and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions and technological innovations in the market. To understand the analysis and the aspirin market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Aspirin Market Scope and Market Size
The aspirin market is segmented on the basis of route of administration, dosage form, applications, dose type, availability, product type, end-user and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of route of administration, the aspirin market is segmented into oral, rectal and parenteral.
- On the basis of dosage form, the aspirin market is segmented into tablets, capsules, injections and suppositories. Tablets are further segmented to effervescent, chewable, film coated, extended release, delayed release, and enteric coated tablets. Capsules are sub-segmented to extended release. Injections are sub-segmented into intravenous injections.
- On the basis of applications, the aspirin market is segmented into pain, fever and inflammation, deep vein thrombosis and others.
- On the basis of dose type, the aspirin market is segmented into adult dose and pediatric dose.
- On the basis of availability, the aspirin market is segmented into prescription and OTC.
- On the basis of end-user, the aspirin market is segmented into hospitals, clinics and others.
- On the basis of distribution channel, the aspirin market has also been segmented into hospital pharmacies, online pharmacies and retail pharmacies.
Global Aspirin Market Country Level Analysis
Global aspirin market is analyzed and market size information is provided by country, route of administration, dosage form, applications, dose type, availability, end-user and distribution channel as referenced above.
The countries covered in the aspirin market report are the U.S., Canada, Mexico in North America, Brazil, Argentina, Peru, Rest of South America, as part of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa, as a part of Middle East and Africa.
On geographical estimation, Asia-Pacific region in which China is considered as a top leading market share due to increase in production as well as export of APIs that is 20% of world’s production. Due to low cost and increase in government support, China is considered as leading country. Europe is considered as the second largest market share due to niche market players of aspirin such as Bayer AG, Germany having increased number of cases of migraine. North America and South America has also increased market share due to rise in prevalence of headache and migraine
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Patient Epidemiology Analysis
The aspirin market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analysis of epidemiology to aspirin market growth are analyzed to create a more robust and cohort multivariate statistical model for forecasting the aspirin market in the growth period.
Competitive Landscape and Aspirin Market Share Analysis
The aspirin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to aspirin market.
The major players covered in the aspirin market report are Bayer AG, Globalimporter Inc., Allegiant Health, Par Pharmaceutical, Industria Quimica Andina Y Cia Sa, Cardinal Health, Nanjing pharmaceutical factory Co, ltd., JQC (Huayin) Pharmaceutical Co., Ltd., LNK International, Inc., Globela Pharma Pvt Ltd, Bal Pharma Limited, Trumac Healthcare, Perrigo Company plc, Alta Laboratories Ltd, Zhenjiang Gaopeng Pharmaceutical CO,.Ltd., Sequens, Umang Pharmaceuticals, J.M. Loveridge Ltd, Mayne Pharma Group Limited, St. Joseph's Aspirin among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Aspirin Market
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