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What Are The Future Growth Projections For The Aspirin Market Size?

The size of the aspirin market has been progressively increasing in the past few years. It is anticipated to rise from $2.56 billion in 2024 to $2.66 billion in 2025, with a compound annual growth rate (CAGR) of 3.7%. The growth during the historic period is associated with the demand for pain management and analgesics, awareness about cardiovascular health, anti-inflammatory qualities of aspirin, its use as a preventive measure against stroke and heart attacks, and its effectiveness in treating fever, headaches, rheumatic fever, and arthritis.

In the coming years, the aspirin market size is predicted to witness robust growth, reaching “$3.31 billion in 2029 with a compound annual growth rate (CAGR) of 5.7%. The projected growth in this period is attributed to factors such as the increasing prevalence of chronic diseases, perceived advantages in treating neurological disorders, innovative developments within the pharmaceutical industry, rising acceptance in emerging regions and the increasing trend of self-care practices. Key trends expected during the forecast period include research in cancer prevention, combination treatment approaches, personalized medicine techniques, tailored dosage forms and delivery systems, along with the growth of telemedicine and self-care.

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Which Growth Drivers Are Shaping The Aspirin Market Outlook?

The growth of the aspirin market is anticipated to be fueled by the rising occurrence of arthritis. Arthritis is a health issue characterized by joint pain and inflammation in sufferers. As a nonsteroidal anti-inflammatory drug, aspirin provides relief to those dealing with persistent pain from arthritis and other conditions by lessening inflammation, easing pain, and enhancing function. The number of people with arthritis directly influences the consumption of aspirin. For instance, the UK’s Health and Safety Executive (HSE) reported in November 2023 that the total count of employees affected by job-related musculoskeletal disorders reached 473,000 during 2022-2023, showing a prevalence rate of 1,400 per 100,000 workers. Additionally, there were 132,000 new cases, suggesting an incidence rate of 390 per 100,000 workers. Consequently, the growing occurrence of arthritis has been propelling the expansion of the aspirin market.

What Are The Key Segment Trends Observed In The Aspirin Market?

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

Which Disruptive Trends Are Driving Change Across The Aspirin Market?

Key players in the aspirin market are leveraging strategic collaborations to augment technology integration and broaden their market presence. Such collaborations involve two or more companies partnering up to pool their resources, knowledge, and efforts in achieving shared aims or objectives. For instance, in February 2023, Huma Therapeutics Limited (‘Huma’), a digital health firm based in the UK, teamed up with Bayer AG, a life sciences company from Germany, to launch the Bayer Aspirin Heart Risk Assessment online tool. This tool enables users to determine their potential risk factors for cardiovascular disease over the forthcoming decade and share the findings with their physician. Huma has created an algorithm that forecasts long-term cardiovascular disease risk by utilizing data from the UK’s Biobank. Bayer Aspirin’s Heart Risk Assessment tool can be accessed by individuals, where they will find a user-friendly questionnaire consisting of 15 questions. The tool calculates whether they are at high, average, or low risk of developing cardiovascular disease by juxtaposing their responses with those from the research population.

Which Companies Are Contributing Significantly To The Aspirin Market Growth?

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.

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Which Region Is Forecasted To Lead The Aspirin Market In The Coming Years?

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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