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India Diclofenac Market

Dec. 1, 2019

India Diclofenac Market, By Indication (Osteoarthritis, Ankylosing Spondylitis, Dysmenorrhea, Rheumatoid Arthritis, Migraine, Pain, and Others), By Route of Administration (Oral and Parenteral), Global Forecast, 2020-2025.

Report Code :FMR278      
Pages :210 Pages
Format :   PPT Format   PDF Format

The India diclofenac market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020, and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of xx% during the forecast period (2020-2025). Diclofenac is a non-steroidal anti-inflammatory drug (NSAID) used mainly in the management of mild to severe pain and decreases discomfort, irritation, swelling, and steadiness. The medicine is effective for inflammatory conditions like asthma, rheumatoid arthritis, dermatomyositis, osteoarthritis, spondylarthritis, and gout attacks. Moreover, doiclofenac is used for lowering dental pain, this may support the market growth. Diclofenac is also used in orthopedic treatments to reduce the pain caused due to bone damage. All the factors mentioned above are expected to drive the market growth during the forecast period.

Table 1. India Diclofenac Device Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Indication)

Osteoarthritis, Ankylosing Spondylitis, Dysmenorrhea, Rheumatoid Arthritis, Migraine, Pain, and Others

Market Segmentation (By Route of Administration)

Oral and Parenteral

Key Players Coverage

Bayer AG, Pfizer Inc., Novartis AG, Merck KGA, Glenmark, and., Aarti Industries Ltd, Lincoln Pharma among others

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

 

Market Dynamics

The major factors contributing to the growth of the India diclofenac market include increased incidence of autoimmune and respiratory disorders such as arthritis & dental pain; rising use of anti-inflammatory medications, and advancement of R&D programs in India. In 2018, according to business-standard.com, the most common sold spray was Volini that contains “dicofenac”. Also,  in November 2017, researchers from the Indian Institute of Technology (IIT), Hyderabad made a novel skin patch which releases diclofenac at the target site in such a way that, there will be constant release of the drug for as long as 12 hours.

Figure 1. Diclofenac Market Scenario Forecast (Likely, Conservative, and Optimistic Scenario), 2019 and 2025 (US$ Mn)

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

 

The increasing number of asthma patients may support the diclofenac market growth. For instance, according to DNA news in 2018, 20 million people suffered from chronic respiratory disease asthma, in India. Additionally, research activities for new drug product launches are expected during the forecast period. For instance, in September 2019, Reckitt Benkisser (RB) launched a new range of Moov with stronger formulation that contains diclofenac is an ingredient.

Competitve Landscape

Key players in the India diclofenac device market include Bayer AG, Pfizer Inc., Novartis AG, Merck KGA, Glenmark, Aarti Industries Ltd, Lincoln Pharma and. among others. Key players in the market are focused on acquisitions and mergers. Additionally, increasing R&D investments and product launches are expected to support the market growth in India. For instance, in October 2019, Lincoln Pharma secured patent for Diclofenac Rectal Spray and launched in January 2020.

Figure 2. Market Share of Key Players, 2019

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

By Indication

  • Osteoarthritis
  • Ankylosing Spondylitis
  • Dysmenorrhea
  • Rheumatoid Arthritis
  • Migraine
  • Pain
  • Others

By Route of Administration

  • Oral
  • Parenteral
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Note: This report provides in-depth analysis of the India diclofenac device market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the India diclofenac device market?
  • What key factors are expected to increase the demand for India diclofenac market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the India diclofenac device market?
  • What is the total market value (US$ Mn) generated in India diclofenac device market by indication in 2019 and what are the forecasts by 2025?
  • Which administration routes are expected to dominate the India diclofenac device market in the coming years?
  • What was the total revenue generated by the India diclofenac device market in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the India diclofenac device market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the India diclofenac device market?
  • What new products are going to be approved or launched in the coming years which may have huge impact on the market?
  • What insights are derived through the analysis of key players on following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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