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How has the aspirin market grown in recent years?

Over the past few years, the aspirin market has witnessed consistent growth. Its size is projected to increase from $2.56 billion in 2024 to $2.68 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%. The expansion in the previous period was driven by the demand for pain management and analgesics, consciousness about cardiovascular well-being, anti-inflammatory characteristics, preventative actions for stroke and heart attacks, treatment for fever and headaches, and the therapy for rheumatic fever and arthritis.

How is the aspirin market size expected to evolve during the forecast period?

In the coming years, substantial growth is anticipated in the aspirin market which is projected to expand to $3.38 billion by 2029, with a compound annual growth rate (CAGR) of 6.0%. This elevation during the forecast period is due to the rising prevalence of chronic diseases, potential advantages in treating neurological disorders, innovation in the pharmaceutical industry, wider acceptance in developing areas, and the increasing trend of self-care practices. Noteworthy trends within this forecast period encompass research for cancer prevention, combined treatment methods, personalized medicine strategies, tailor-made dosage compositions and delivery systems, telemedicine, and self-care.

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Which key drivers are propelling the aspirin market’s growth?

The surge in arthritis cases is projected to fuel the expansion of the aspirin market in the future. Arthritis is a health issue where individuals endure pain and inflammation in the joints. As aspirin is a nonsteroidal anti-inflammatory medication, it aids individuals suffering from persistent arthritis pain and other conditions by lessening inflammation, alleviating pain and enhancing functionality. The rise in arthritis patients notably enhances aspirin usage. For example, the Health and Safety Executive (HSE), a UK-based government body, stated in November 2023 that the total count of employees afflicted with work-related musculoskeletal disorders totalled 473,000 in 2022-2023, indicating a prevalence rate of 1,400 per 100,000 employees. In addition, there were 132,000 fresh cases, demonstrating an incidence rate of 390 per 100,000 workers. Consequently, the growing incidence of arthritis is pushing the aspirin market’s growth forward.

What are the market segments in the aspirin industry?

The aspirin market covered in this report is segmented –

1) By Product: Prescription, OTC

2) By Route Of Administration: Oral, Rectal, Parenteral

3) By Dosage Form: Tablets, Capsules, Injections, Suppositories

4) By Application: Cardiovascular Disease, Pain, Fever, O Inflammation, Other Applications

5) By End User: Hospitals, Clinics, Other End Users

Subsegments:

1) By Prescription Aspirin: Low-Dose Aspirin (81 Mg), High-Dose Aspirin (325 Mg)

2) By OTC (Over-the-Counter) Aspirin: Regular Strength Aspirin (325 Mg), Extra-Strength Aspirin (500 Mg), Buffered Aspirin, Aspirin Combinations

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Which leading companies are shaping the growth of the aspirin market?

Major companies operating in the aspirin market include Bayer AG, Allegiant Health, Par Pharmaceutical, Cardinal Health Inc., Nanjing pharmaceutical factory Co. Ltd., JQC (Huayin) Pharmaceutical Co. Ltd., LNK International Inc., Bal Pharma Limited, Trumac Healthcare, Perrigo Company PLC, Alta Laboratories Ltd., Zhenjiang Gaopeng Pharmaceutical Co. Ltd., J.M. Loveridge Ltd., Mayne Pharma Group Limited, St. Joseph’s Aspirin, Teva Pharmaceutical Industries Ltd, Boehringer Ingelheim International GmbH, Cadila Healthcare Ltd., Cipla Ltd., Dr. Reddy’s Laboratories Ltd., GlaxoSmithKline plc, Hetero Labs Ltd., Jubilant Generics Ltd., Lupin Ltd., Merck & Co. Inc., Novartis AG, Pfizer Inc., Sanofi S.A., Sun Pharmaceutical Industries Ltd.

What key trends are currently impacting the aspirin market’s development?

A strategic partnership method is being adopted by significant players in the aspirin market to improve the integration of technology and broaden their market presence. This term traditionally refers to the collaborative effort of two or more organizations, amalgamating their resources, knowledge, and efforts towards shared goals and objectives. One of the key examples of this would be the alliance between Huma Therapeutics Limited (“Huma”), a UK-based digital health firm, and Bayer AG, a life science company from Germany, in February 2023. They launched the Bayer Aspirin Heart Risk Assessment online tool, aimed at enabling users to identify their likelihood of contracting cardiovascular disease over the next ten years, and share these findings with their medical practitioners. Huma has engineered an algorithm that predicts the long-term risk of cardiovascular disease using Biobank data from the UK. The Heart Risk Assessment tool is available on Bayer Aspirin and includes an easy-to-use questionnaire consisting of 15 queries. Drawing on the respondents’ answers, the tool gauges the person’s likelihood of developing cardiovascular disease, comparing it to the responses from the research study’s population, categorizing them as high, average, or low risk.

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Which geographic areas are influencing the growth of the aspirin market?

Asia-Pacific was the largest region in the aspirin market in 2024. The regions covered in the aspirin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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