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Pharmaceutical Suspension Global market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033
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The Pharmaceutical suspension market size is expected to see strong growth in the next few years. It will grow to $71.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%” - The Business Research Company
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The pharmaceutical suspension market size has grown vigorously in recent years. It is projected to rise from $54.33 billion in 2023 to $57.38 billion in 2024, indicating a compound annual growth rate CAGR of 5.6%. This acceleration in the historic period can be attributed to a rise in cancer, an increase in the elderly population, the emergence of home healthcare, increasing per capita healthcare expenditure, and the rising number of hospitals.
What is the Anticipated Growth Rate and Market Size of the Global Pharmaceutical Suspension Market?
The pharmaceutical suspension market size is anticipated to see enhanced growth in the forecast period. It is projected to reach $71.73 billion in 2028, at a compound annual growth rate CAGR of 5.7%. This growth can be attributed to the increasing prevalence of chronic diseases, the growing demand for pediatric and geriatric formulations, growing investments in pharmaceutical research and development, an increasing burden of chronic pain, and rising demand for personalized medicine.
Examine Comprehensive Insights Into The Global Pharmaceutical Suspension Market With A Detailed Sample Report:
What is the Primary Growth Driver of the Pharmaceutical Suspension Market?
The increase in chronic diseases is expected to drive the growth of the pharmaceutical suspension market moving forward. Chronic diseases are long-lasting health conditions that persist over time due to aging, unhealthy diets, a lack of physical activity, genetic factors, and environmental exposure. Pharmaceutical suspensions are used to manage chronic diseases by providing a liquid form of medication, enhancing drug delivery for insoluble drugs, facilitating controlled release, and improving patient compliance.
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Who are the Key Players in the Pharmaceutical Suspension Market?
Major companies operating in the pharmaceutical suspension market include Pfizer Inc., Johnson & Johnson, Merck & Co Inc., Novartis AG, Sanofi S.A., AstraZeneca plc, GlaxoSmithKline plc, Eli Lilly and Company, Mayo Clinic, Cleveland Clinic, Lonza Group AG, Hikma Pharmaceuticals PLC, Amneal Pharmaceuticals LLC, Lupin Limited, Glenmark Pharmaceuticals Ltd., ANI Pharmaceuticals Inc., Aristopharma Ltd., Upsher-Smith Laboratories LLC, Padagis LLC, MedEx, Express Pharma, Otsuka Pharmaceutical Co Ltd., Healio, Fluid Handling Inc., Hoffmann-La Roche Ltd., Medthority, and SpineThera Inc.
Are there any Emerging Trends in the Pharmaceutical Suspension Market?
Key players in the pharmaceutical suspensions market are developing innovative medication formulations, such as electrolyte imbalance liquid medications. These advances aim to enhance treatment options and improve patient outcomes for managing various health conditions. For example, ANI Pharmaceuticals Inc., a US-based pharmaceutical company, launched Kionex Suspension for rectal or oral application in May 2024. This suspension is designed to lower elevated potassium levels in the blood, especially for patients who have difficulty swallowing tablets.
How is the Global Pharmaceutical Suspension Market Segmented?
The pharmaceutical suspension market covered in our report is segmented as follows:
1 By Type: Oral, Parenteral, Other Types
2 By Indication: Infectious Diseases, Cancer, Gastrointestinal, Neurological, Other Indications
3 By Distribution Channel: Hospital Pharmacies, Drug Store And Retail Pharmacies, Online Providers
4 By End User: Hospitals And Clinics, Home Care Settings, Other End Users
Regional Insights: North America Leading the Way in the Pharmaceutical Suspension Market
North America was the largest region in the pharmaceutical suspension market in 2023. Our report covers other regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.