Aspirin Market Size Development Trends, Competitive Landscape and Key Regions 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.
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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.
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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.
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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.
By Region
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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Key Offerings:
– Market Size and Forecast by Revenue | 2021−2028
– Market Dynamics – Leading patterns, development drivers, limitations, and venture openings
– Market Segmentation – An itemized examination by item, by types, end-client, applications, fragments, and geology
– Competitive Landscape – Top key sellers and other conspicuous vendorsInquire
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