Anti-inflammatory Drugs Market Size, Share, and Analysis, By Drug Type (Nonsteroidal Anti-inflammatory Drugs (NSAIDs), Immune Selective Anti-inflammatory Derivatives, Anti-inflammatory Biologics, and Corticosteroids), By Application (Arthritis, Chronic Obstructive Pulmonary Disease, Multiple Sclerosis, Inflammatory Bowel Disease (IBD), and Others), By Route of Administration (Oral, Topical, Injection, and Inhalation), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Anti-inflammatory Drugs Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 111.4 billion and is projected to reach USD 264.3 billion by the completion of 2034.
Anti-inflammatory drugs reduce inflammation, which is the body's response to injury or infection. They stop the body from producing certain chemicals like prostaglandins which cause inflammation and pain. Anti-inflammatory drugs are often classified into different groups such as nonsteroidal anti-inflammatory drugs (NSAIDs) like ibuprofen and aspirin, which block inflammation-related enzymes; and corticosteroids, which reduce inflammation by the suppression of the immune system. These medications are frequently used for the treatment of ailments such as arthritis, muscle discomfort, and various inflammatory diseases. Besides, while these drugs are effective, they can have adverse effects such as gastrointestinal difficulties and a high risk of cardiovascular disease if used for an extended period.
MARKET HIGHLIGHTS
Anti-inflammatory drugs market is projected to reach USD 264.3 billion over the forecast period, owing to a rise in chronic inflammatory conditions, like arthritis and autoimmune diseases. The market for anti-inflammatory drugs includes a variety of products, which range from prescription to over-the-counter medications. Innovation in drug formulations and targeted therapy is boosting the growth of the market by improving efficacy and lowering side effects. In addition, biologics and next-generation NSAIDs are becoming highly popular due to their effectiveness and safety characteristics. Moreover, pharmaceutical companies and new biotech firms are engaged in competitive dynamics as they continue to conduct research to find modern treatments. Besides, the industry is experiencing high activity in strategic partnerships and acquisitions, which are expanding the range of therapies.
Anti-inflammatory Drugs Market Segments:
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