Global Paracetamol Market 2024-2028
The paracetamol market is forecasted to grow by USD 929.4 mn during 2023-2028, accelerating at a CAGR of 9.42% during the forecast period. The report on the paracetamol market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by significant use of paracetamol as API in large number of OTC drugs, wide application of paracetamol as first-line therapy for symptomatic relief, and rising prevalence of chronic conditions and prescription drug use.
Technavio's paracetamol market is segmented as below:
ByApplication
ByFormulation
ByGeography
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the rising preference for extended release formulations as one of the prime reasons driving the paracetamol market growth during the next few years. Also, increasing healthcare expenditure and developments in new paracetamol applications will lead to sizable demand in the market.
The report on the paracetamol market covers the following areas:
- Paracetamol market sizing
- Paracetamol market forecast
- Paracetamol market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading paracetamol market vendors that include Anhui Fubore Pharmaceutical And Chemical Co. Ltd., Anqiu Luan Pharmaceutical Co. Ltd., ATABAY KIMYA SANAYI TICARET AS, Biological E. Ltd., Cipla Inc., GlaxoSmithKline Plc, Granules India Ltd., Mallinckrodt Plc, Sanofi SA, SEQENS GROUP, Sri Krishna Pharmaceuticals Ltd., Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd., Trugen Pharmaceuticals Pvt Ltd., Zhejiang Kangle Pharmaceutical Co. Ltd., and Zhengzhou Sino Chemical Co. Ltd.. Also, the paracetamol market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.