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Latin America Intravenous Ibuprofen Market Research Report - Segmented By Age Group, Indication & Country (Mexico, Brazil, Argentina, Chile & Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, & Forecasts (2022 to 2027)

Published: January, 2022
ID: 6508
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Intravenous Ibuprofen Market Size & Growth (2022 to 2027):

As per the research report, the size of the Latin America Intravenous Ibuprofen Market was valued at USD 0.83 billion in 2022 and estimated to be growing at a CAGR of 20.3%, to reach USD 2.09 billion by 2027 during the forecast period 2022 to 2027.

Factors such as increasing health care spending, increasing prevalence of arthritis, increasing incidence of cancer cases, expanding urbanization, and increasing sales of pain relievers would stimulate Latin America's intravenous ibuprofen market growth. Treatment of acute painful disorders is done with the help of intravenous ibuprofen, as they help relieve pain in a short time with increased absorption rate in the body.

Intravenous ibuprofen is given for respiratory, orthopedic, abdominal, and gynecology- obstetrics surgeries. It is provided primarily in an injectable form, a nonsteroidal anti-inflammatory drug (NSAID). However, one should take caution if the drug is administered to patients with respiratory disorders such as bronchial asthma, chronic rhinitis, and gastrointestinal bleeding. But, due to reports, the low risk of ibuprofen-induced liver complications makes ibuprofen an effective and safe NSAID for routine use.

Furthermore, the increasing prevalence of chronic diseases, especially in an older population, coupled with the easy availability of IV ibuprofen, will positively impact the market's growth during the analysis period. In addition, the Directing Council of the Pan American Health Organization (PAHO) approved several strategies with local authorities to reduce death rates from chronic diseases by at least 2% per year, which prevents an estimated 2 million premature deaths in Latin America.

Some notable trends include growing e-commerce penetration, increase in pharmaceutical manufacturing units, high rate of accidental injuries, improving healthcare facilitates with supportive public awareness campaigns that will help the market grow in the years to come.

On the other hand, the chances of side effects associated with intravenous ibuprofen coupled with lack of awareness in underdeveloped regions could hamper the market growth rate. Some of the side effects of overdose-related to ibuprofen include nausea, vomiting, headache, and gastric imbalance. Furthermore, the availability of several published reports on the hepatotoxicity of ibuprofen which leads to liver failure, mandates it to be used with caution. In addition, the lengthy approval process for the commercialization of the drugs may challenge the Latin American intravenous ibuprofen market.

This research report on the Latin America Intravenous Ibuprofen Market has been segmented and sub-segmented into the following categories:

By Age Group:

  • Adults
  • Paediatrics

By Indication:

  • Fever
  • Pain/inflammatory

By Country:

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Brazil intravenous ibuprofen market had a significant market share of 35%, and this region is predicted to continue the trend over the given period. Several factors such as an increase in cases of chronic diseases such as arthritis, cardiovascular syndromes, and heart failure, developing pharmaceutical industry, and underlying consumer demand for better-advanced therapies will drive this regional market. As a result, the total revenue of the pharmaceutical market in Brazil reached over USD 8.9 billion in 2019, a value that has been steadily increasing since 2016.

Mexico intravenous ibuprofen market is anticipated to grow with the highest CAGR of 9.6% during the projected period. The market will see growth attributed to key pharmaceutical players' presence and growing medical tourism—a large population with chronic diseases and high-income expenditure. According to reports, drugs sold more than USD 8 billion in 2019. In addition, the regional wholesale pharmaceutical industry achieved sales of approximately over 8.48 billion US dollars in the year 2020.

KEY MARKET PLAYERS

Prominent companies leading in the Latin America Intravenous Ibuprofen Market profiled in the report are Cumberland Pharmaceuticals Inc., Alveda Pharmaceuticals, Inc., CSL Limited, Sandor Medicaids Pvt Ltd., Germin MED, Grifols S.A., Harbin Gloria Pharmaceuticals Co., Ltd., Al Nabeel International Ltd., PT. Soho Industri Pharmasi, and Laboratorios Valmorca, C.A.,

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