Emerging Trends in Pharmaceutical Suppositories Market

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Pharmaceutical Suppositories Market

GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST 2023-2032 KNOW MORE

CURRENT AND FUTURE MARKET SCENARIO 

The global pharmaceutical suppositories market size was valued at $1.6 Billion in 2022.

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The global pharmaceutical suppositories market is estimated to reach $2.8 Billion by 2032.

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The global pharmaceutical suppositories market registering a CAGR of 5.7% from 2023 to 2032. 

FACTORS CONTRIBUTING TO MARKET GROWTH

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The pharmaceutical suppositories market size is experiencing significant growth driven by several key factors. First and foremost, the expanding population of elderly individuals, often referred to as the geriatric population, is a major catalyst for this growth.

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Moreover, the global increase in the prevalence of chronic and acute diseases is contributing to the market's growth. Conditions like inflammatory bowel disease, hemorrhoids, vaginal infections, and pain management often benefit from suppository-based drug delivery. With a growing number of people affected by these health issues, the demand for suppositories is on the rise.

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PHARMACEUTICAL SUPPOSITORIES MARKET SEGMENTATION

BY TYPE

• Rectal Suppositories • Vaginal Suppositories • Urethral Suppositories

BY BASE

• Fatty Bases • Water Miscible Base • Emulsifying Bases

BY END USER

• Hospitals and Clinics • Home Care • Nursing Home

DOMINATING SEGMENTS

THE EMULSIFYING BASES SEGMENT

The emulsifying bases segment was the highest pharmaceutical suppositories market share contributor in 2022 and is expected to remain dominant during the forecasted period.

HOSPITAL PHARMACIES SEGMENT

The hospital pharmacies segment was the largest revenue contributor to the market in 2022 owing to several factors.

GEOGRAPHICAL OVERVIEW 

Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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North America accounted for the largest pharmaceutical suppositories market share in terms of revenue in 2022, owing to increase in well-developed healthcare industry, presence of leading manufacturers in the region, and high adoption rate of suppositories in this region.

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However, the Asia-Pacific region is projected to exhibit the highest CAGR in the pharmaceutical suppositories market during the forecast period, owing to increase in number of geriatric populations, rise in people suffering from constipation and hemorrhoids, and improving healthcare infrastructure which further provide pharmaceutical suppositories market opportunity in the region.

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LEADING MARKET PLAYERS 

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Intas Pharmaceuticals Ltd. Viatris Inc.

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Glenmark Pharmaceuticals Limited

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Bliss GVS Pharma Ltd

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Cadila Healthcare Ltd Church & Dwight Co. Inc.

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Pfizer Inc. Novartis AG Bayer AG Sanofi S.A.

A Report Titled “Pharmaceutical Suppositories Market- Global Opportunities And Forecasts, 2023-2032” Has Been Recently Published By Allied Market Research. It Makes An In-depth Analysis Of Current Trends, Drivers, And Restraining Factors That Affect Financial Ratios Relevant To The Industry.

Company Profiles For Key Vendors In Business Builds A Comprehensive Picture Of Profitable Opportunities From Stakeholder’s Perspective.

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