PUBLISHER: Orion Market Research | PRODUCT CODE: 1755416
PUBLISHER: Orion Market Research | PRODUCT CODE: 1755416
Global Antipyretic Drug Market Size, Share & Trends Analysis Report by Type (Paracetamol, Ibuprofen, Aspirin, NSAID, and Others), by Sales Type (Prescription and Over the Counter (OTC)), by Sales Channels (Hospital Pharmacies, Drug Stores & Retail Pharmacies, Online Pharmacies, and Others) Forecast Period (2025-2035)
Antipyretic drug market is expected to grow at a CAGR of 7.5% during the forecast period. An antipyretic is a pharmaceutical ingredient that helps in reducing fever. Antipyretics cause the hypothalamus to override a prostaglandin-induced increase in temperature. The market is growing owing to the growing number of bacterial and viral infections globally, and medical treatment costs have seen dramatic growth globally. In recent years increasing demand for over-the-counter (OTC) medications such as acetaminophen and ibuprofen, as well as prescription-strength pain relievers. These medications are in high demand owing to the rising incidence of ailments, including migraine and arthritis, as well as a growing emphasis on self-medication. Topical patches and extended-release tablets are two instances of novel formulations and delivery systems that are improving patient compliance and treatment efficacy, which is propelling market expansion.
The global antipyretic drug market is segmented by type, sales type, and sales channels. Based on the type, the market is sub-segmented into Paracetamol, Ibuprofen, Aspirin, NSAID, and others. Based on the sales type, the market is sub-segmented into prescription and OTC. Further, based on dosage form, the market is sub-segmented into Tablet, Syrup, Injection, and Paste. Based on sales channels, the market is sub-segmented into hospital pharmacies, drug store & retail pharmacies, online pharmacies, and others.
It is projected that the over-the-counter (OTC) subsegment will account for a sizeable portion of the global antipyretic drug market owing to its accessibility, cost, and growing consumer desire for self-medication. The fact that common medications such as aspirin, ibuprofen, and paracetamol are accessible without a prescription makes them practical for treating pain and fever. Demand has also increased as fever-related disorders such as the flu and viral infections have grown more common. Strong marketing plans and regulatory clearances from organizations such as the FDA and EMA also help the industry expand. As over-the-counter medications are less expensive than prescription equivalents, customers find them appealing. The market is predicted to continue to dominate as self-care habits continue to grow, despite worries about abuse and overdose hazards.
The global antipyretic drug market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia & New Zealand, ASEAN Countries and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
The Asia-Pacific Region is Expected to Grow During the Projected Years
The market indicates high growth in the Asia-Pacific region owing to the high demand for OTC drugs in the antipyretic market. Rising incidences of infectious diseases, flu during seasons, and viral fevers have spurred the demand for antipyretic drugs. Also, the increasing awareness of self-medication, combined with the universal availability of Over-the-Counter (OTC) medications, has been driving market growth. The rapid growth in the pharmacy industry, increasing the healthcare infrastructure, and increasing disposable incomes are also driving the trend. Furthermore, the expansion of e-commerce and the initiatives of the government towards healthcare accessibility have enhanced sales, which have made Asia-Pacific the fastest-growing region for the antipyretic drug market.
The major companies serving the antipyretic drug market include Johnson & Johnson Services, Inc., Bristol-Myers Squibb Co., Reckitt Benckiser's Global, Procter & Gamble, AdvaCare Pharma, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.