In a recently published report, Cyclooxygenase2 inhibitor Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cyclooxygenase2 inhibitor Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Cyclooxygenase2 inhibitor also known as COX-2 inhibitor, is a nonsteroidal anti-inflammatory drug used to relieve pain and inflammation. Cyclooxygenase-2 inhibitors are being studied in the prevention of colon polyps, and as anticancer drugs. Factors such as rising awareness of the condition, high acceptance rate of cox 2 inhibitors, such as painkillers, are responsible for the development of the global market for cyclooxygenase 2 inhibitors. In addition, the growing prevalence of chronic diseases such as rheumatoid arthritis may also fuel this demand development. For instance, rheumatoid arthritis is a chronic disease affecting over 1.3 million Americans and as much as 1% of the worldwide population in 2018. However, safety issues and severe side effects of cox 2 inhibitors can restrain the growth of this market.
The regional analysis of Coronavirus Diagnostics market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Due to increasing awareness of chronic disease diagnosis and high prevalence, Asia-Pacific is projected to account for the largest market share for cyclooxygenase 2 inhibitor market in the coming years. Europe is considered to hold promising opportunities for development in the coming years, while North America is considered to lead the rise due to global players’ focus on emerging technologies.
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Major market player included in this report are:
Pfizer Inc.
Bayer AG
Novartis AG
Sabinsa
Cadila Pharmaceuticals
Mylan N.V.
Teva Pharmaceutical Industries Ltd.
Alembic Pharmaceuticals Limited
Aurobindo Pharma
Cipla Inc.
Torrent Pharmaceuticals Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Indication:
Osteoarthritis
Rheumatoid arthritis
Others
By Type:
Selective cox 2 inhibitor
Non-selective cox 2 inhibitor
By Route of Administration:
Oral
Parenteral
Others
By End-Users:
Hospitals
Specialty Clinics
Others
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
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Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 20198
Forecast period – 2020 to 2026
Target Audience of the Global Cyclooxygenase2 inhibitor Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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