New study by market research firm Fact.MR on the suppositories market. Latest market trends, forecasts, and competitive landscape analyzed in detail.

Rockville, Jan. 09, 2023 (GLOBE NEWSWIRE) -- According to this new report by Fact.MR, a market research and competitive intelligence provider, the global suppositories market is estimated at US$ 1.61 billion in 2023 and is expected to expand at a CAGR of 5.7% during the forecast years 2023-2033.

The use of suppositories for drug administration can be traced back to antiquity. The ability to increase absorption and circumvent the liver while having fewer side effects on the human body makes them an ideal fit for drug administration. Suppositories not only address localized pain but are also used for serve target systemic pain. Being a more convenient alternative to injections has influenced its rapid adoption among the population.

Although patients are hesitant to accept suppositories, the beneficial factors to address various challenges faced by certain patient groups, such as the aging and infant population, makes them the perfect alternative in comparison to traditionally administered drugs.

Download a Free Sample Copy of this Report - https://www.factmr.com/connectus/sample?flag=S&rep_id=8105

However, skyrocketing costs of ingredients used in manufacturing processes and post-operative complications can be a concern for market growth. Fact.MR suggests that manufacturing affordable suppositories associated with less personal pain and discomfort will enable leading and emerging players stand out in the competitive healthcare industry.

Key Takeaways from Market Study

• The global suppositories market is projected to expand at a CAGR of 5.7% and be valued at US$ 2.8 billion by 2033.
• The market expanded at 4.3% CAGR from 2018 to 2022.
• Under product type, rectal suppositories re estimated to be valued at US$ 1.1 billion in 2023.
• North America dominates the worldwide market with 33.2% share in 2023.
• Demand for suppositories is expected to increase at CAGRs of 7.2% and 6.5%, respectively, in South Asia & AEAN and East Asia.
  

“Shifting attitude towards over-the-counter drugs to bring novel opportunities in suppositories market,’’ says a Fact.MR analyst.

Segmentation of Suppositories Industry Research

• By Product Type :
  • Rectal Suppositories
  • Vaginal Suppositories
  • Urethral Suppositories

• By Base Type :
  • Hydrophilic
  • Lipophilic

• By Form :
  
  • Semi-solid
  • Liquid

• By Availability :
  
  • Medical Prescriptions
  • Over-the-Counter

• By Application :
  
  • Constipation
  • Hemmorhoids
  • Seizers
  • Vaginal Dryness
  • Birth Control
  • Erectile Dysfunction

• By Distribution Channel:
  
  • Online
    • Brand Websites
    • e-Commerce Platforms
  • Offline
    • Hospital Pharmacies
    • Retail Pharmacies

• By Region:
  
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & ASEAN
  • Oceania
  • MEA

Get Customization on this Report for Specific Research Solutions – https://www.factmr.com/connectus/sample?flag=RC&rep_id=8105

Market Development

The thought of using a suppository may be embarrassing for patients. Manufacturers, mindful of the benefits, hope the general aversion to this form shifts. Growing scientific interest in other drug delivery systems has motivated them to produce suppositories on a large scale, which are fat- and water-based due to their excellent chemical and physical stability.

Key players are focusing on developing strategies to introduce new features such as size and shape in their existing suppositories. Adoption of various inorganic strategies such as acquisitions, collaborations, etc., has helped manufacturers secure a prominent position in the market. In addition, investments in R&D to present new suppository formulations for anti-HIV drug delivery will drive market revenue over the coming years.

Key Companies Profiled

• Aenova Group
• LGM Pharma
• Pfizer
• Bayer Ag
• Novartis
• Sanofi
• SCHALI Pharma AG
• Bliss GVS
• AMCAPHARM Pharmaceutical GmbH
• Cosette Pharmaceuticals

Explore Our Safe & Secure Payment Options for Quick Buy – https://www.factmr.com/checkout/8105

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global suppositories market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.

The study reveals essential insights based on product type (rectal suppositories, vaginal suppositories, urethral suppositories), base type (hydrophilic, lipophilic), form (semi-solid, liquid), availability (medical prescriptions, over-the-counter), application (constipation, hemmorhoids, seizers, vaginal dryness, birth control, erectile dysfunction), and distribution channel (online (brand websites, e-Commerce platforms), offline (hospital pharmacies, retail pharmacies)), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

Check out more related studies published by Fact.MR Research: 

Colorectal Cancer Diagnostics Market: The global colorectal cancer diagnostics market and have predicted to industry expansion at a CAGR of 8.5% over the decade. Fact.MR, a market research and competitive intelligence provider, has compiled a comprehensive assessment of various aspects that influence market growth and revenue potential. The market for colorectal cancer diagnostics was worth US$ 2 Bn in 2020, and is predicted to rise 2.2X by the end of the decade.

Endorectal Balloon Market: The increasing use of an endorectal balloon in the healthcare sector is fueled by the advantages provided by the endorectal balloon for better inflation and deflation control and greater visibility. The endorectal balloon market is therefore subjected to witness overwhelming growth owing to the need for providing improved clinical assistance for patients and the growing application of medical devices to ease the process of treatments and cater to the need of radiotherapy.

Vaginal Rejuvenation Market: Beauty is a very important aspect and the desire for beauty enhancement is not limited to the face anymore. The vaginal transformation procedure mainly focuses on the improvement of the cosmetic appearance and tightening of the vagina to enhance sexual function. According to the American Society for Aesthetic Plastic Surgery, vaginal reconstruction is highly popular and is the latest cosmetic trend in the cosmetic and beauty market. The demand for vaginal rejuvenation is high.

Vaginal Slings Market: The global vaginal slings market is estimated to be valued at US$ 2.07 billion in 2022, and is forecast to surpass US$ 3.21 billion valuation by the end of 2032, expanding at a CAGR of 4.5% over the 2022 to 2032 projection period. Vaginal slings are further classified into transobturator slings, mini slings/single incision slings, conventional vaginal slings, advanced vaginal slings, tension-free vaginal tape slings, and pubovaginal slings. Demand for transobturator slings is predicted to rise at a CAGR of 5% from 2022 to 2032.

Cox 2 Inhibitors Market: Cox 2 Inhibitors are a type of non-steroidal anti-inflammatory drugs. These drugs are responsible for decreasing the production of prostaglandins. These drugs also reduce the production of chemicals that play an important role in promoting fever, inflammatory pain etc. Cyclooxygenase (Cox) is an enzyme, which is responsible for producing prostaglandins. The cyclooxygenase enzymes are of two types- cox 1 and cox 2. Cox 2 inhibitors, reduce the production of prostaglandins, hence, can reduce inflammatory pain, fever etc.

About Us:

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.

Specialties: Competition Tracking, Customized Research, Syndicated Research, Investment Research, Social Media Research, Business Intelligence, Industry Analysis, Thought Leadership.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Tel: +1 (628) 251-1583

Legal Disclaimer:

EIN Presswire provides this news content "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 author above.