Authored By: Sarah
20 Jan 2025

Latest News- Paracetamol Market: Surgical is expected to lead the Application segment during 2025-2029

The Paracetamol Market is being driven by Significant use of paracetamol as API in large number of OTC drugs

The Paracetamol Market is expected to grow at a CAGR of 10% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1074.9 million. In the over-the-counter (OTC) pharmaceutical market, the demand for effective and well-tolerated analgesic drugs, including paracetamol-based formulations, is surging due to ongoing research and development activities. Vendors supplying paracetamol as an active pharmaceutical ingredient (API) hold significant growth potential, given the increasing focus of drug manufacturers on creating novel combinations of paracetamol-based OTC drugs. Compliance with stringent regulatory requirements is crucial for drug approvals, leading to an influx of new paracetamol-based products in the market. These regulatory approvals and product launches serve to boost sales for both drug manufacturers and API vendors, driving up paracetamol purchases during the forecast period. 

Get more information on Paracetamol Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

  • Significant use of paracetamol as API in large number of OTC drugs
  • Wide application of paracetamol as first-line therapy for symptomatic relief
  • Rising prevalence of chronic conditions and prescription drug use

However, the market also witnesses some limitations, which are as follows:

  • Growing concerns over adverse effects of analgesics
  • Presence of highly concentrated production facilities
  • Presence of stringent regulations on API producers

Benefits of Buying Global Paracetamol Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Paracetamol Market Research Report

Market Scope

Report Coverage

Details

Page number

189

Base year

2024

Historic period

2019-2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 10%

Market growth 2025-2029

USD 1074.9 million

Market structure

Fragmented

YoY growth 2024-2025(%)

8.8

Key countries

US, Germany, Canada, India, China, UK, France, Japan, Italy, and Brazil

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Paracetamol market in France is driven by the availability of brands like GlaxoSmithKline's acetaminophen, which addresses various pain conditions such as migraines, chronic daily migraine, chronic pain, and fever. The regulatory authority has approved forms like Powder, Rectal, Intravenous, and Intravenous Paracetamol for pain management. The elderly population and those suffering from flu, menstrual periods, toothaches, backaches, osteoarthritis, and other health issues benefit from its antipyretic properties. The Migraine Trust emphasizes Paracetamol's role in migraine relief. Longevity and its versatility in treating a wide range of conditions contribute to its popularity in France's healthcare infrastructure.

Market Research Overview

The Paracetamol market falls under the broader category of Over-The-Counter (OTC) analgesics, which is a significant segment of the global pharmaceuticals market. Key players in this sector include Seqens, among others. The market encompasses entities involved in the research and development (R&D) or manufacturing of essential drugs, such as Paracetamol, used for pain management during conditions like headaches, flu, menstrual periods, and toothaches. The NHS and MOHFW in various regions are major consumers of these drugs. The growth of the global pharmaceuticals market, including Paracetamol, is propelled by demographic shifts, with an aging population leading to a higher demand for essential drugs due to increasing prevalence of age-related health issues. By 2050, nearly a quarter of the US and European populations are projected to be over 60 years old, necessitating increased production and availability of essential drugs.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.