Acetaminophen (paracetamol) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
"The Report Acetaminophen
(paracetamol) Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024 provides information on pricing,
market analysis, shares, forecast, and company profiles for key
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About
Acetaminophen
(paracetamol) Market
Acetaminophen,
commonly known as Paracetamol is the most widely used analgesic and
antipyretic that relieves pain and reduce fever. Discovered in 1877,
the drug is typically used for mild to moderate pain. It is
prescribed either alone with or in a combination with cold
medication. The name ‘Paracetamol’ is approved by the
International Nonproprietary, Australia and Britain, while
Acetaminophen is the name that is approved and used in U.S and Japan.
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Acetaminophen
market: Usage
Its
pain reliever content is derived from a coal tar and is safe at
recommended doses. It also appears to be safe during pregnancy and
when breastfeeding. The drug is classified as mild analgesic used
for relieving headaches, arthritis and other minor pains. It is also
recommended for cold and flu remedies. As acetaminophen is normally
used to treat inflammatory pain, it is classified as non-steroidal
anti-inflammatory drug (NSAID).
Acetaminophen
is commercially available in the form of tablets, liquid suspensions,
and capsules. The common adult dose is 500 to 1000 mg and the drug is
safe for all age groups including children and infants. Acetaminophen
is safe for use at recommended doses but overdose of drug leads to
nausea, vomiting and sweating. Serious skin rashes may rarely occur,
however high dose of the drug can result in liver failure.
Acetaminophen
is composed of active metabolite of phenacetin and acetanilide, but
unlike phenacetin and acenilide, their combination acetaminophen is
not carcinogenic at therapeutic doses. Its effects last between
two-four hours.
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Acetaminophen
(paracetamol) Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 – 2024
Acetaminophen
market growth
Owing
to the increasing cases of chronic diseases and conditions that need
pain management solutions on regular basis, the Paracetamol market is
showing a growth. The market of Asia-Pacific leads in the market of
Acetaminophen (Paracetamol) driven by the high growth markets of
India and China. The high population and availability of cheap drugs
has made Paracetamol highly popular in the market. Acetaminophen is
also widely used and prescribed
in North America and European markets. Although the drug has high
growth market in India, in its recent guidelines on the ‘Safety and
efficacy of non-steroidal, anti-inflammatory drug’, Indian Medical
Association (IMA) asked people to desist from using Paracetamol,
saying that it cause more harm than good if taken without medical
supervision.
The
Paracetamol market is currently being driven particularly in
countries such as South Africa, Brazil, and Argentina by spikes in
healthcare costs and the easy availability of affordable Paracetamol
drugs without the requirement of a prescription. The major companies
which are involved in manufacturing Acetaminophen include Glaxo
SmithKline Pharmaceuticals Ltd., Captab biotech, Arika healthcare,
Aknil biotech, M.M. Pharma and Genesis Biotech.
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
Market
segments and sub-segments
Market
trends and dynamics
Supply
and demand
Market
size
Current
trends/opportunities/challenges
Competitive
landscape
Technological
breakthroughs
Value
chain and stakeholder analysis
The
regional analysis covers:
North
America (U.S. and Canada)
Latin
America (Mexico, Brazil, Peru, Chile, and others)
Western
Europe (Germany, U.K., France, Spain, Italy, Nordic countries,
Belgium, Netherlands, and Luxembourg)
Eastern
Europe (Poland and Russia)
Asia
Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle
East and Africa (GCC, Southern Africa, and North Africa)
The
report has been compiled through extensive primary research (through
interviews, surveys, and observations of seasoned analysts) and
secondary research (which entails reputable paid sources, trade
journals, and industry body databases). The report also features a
complete qualitative and quantitative assessment by analyzing data
gathered from industry analysts and market participants across key
points in the industry’s value chain.
A
separate analysis of prevailing trends in the parent market, macro-
and micro-economic indicators, and regulations and mandates is
included under the purview of the study. By doing so, the report
projects the attractiveness of each major segment over the forecast
period.
Highlights
of the report:
A
complete backdrop analysis, which includes an assessment of the
parent market
Important
changes in market dynamics
Market
segmentation up to the second or third level
Historical,
current, and projected size of the market from the standpoint of both
value and volume
Reporting
and evaluation of recent industry developments
Market
shares and strategies of key players
Emerging
niche segments and regional markets
An
objective assessment of the trajectory of the market
Recommendations
to companies for strengthening their foothold in the market
Note:
Although care has been taken to maintain the highest levels of
accuracy in TMR’s reports, recent market/vendor-specific changes
may take time to reflect in the analysis.
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