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Drug Price Trends for CHILD GLYCERIN SUPPOSITORY
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Average Pharmacy Cost for CHILD GLYCERIN SUPPOSITORY
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| CHILD GLYCERIN SUPPOSITORY | 70000-0429-01 | 0.12344 | EACH | 2024-12-18 |
| CHILD GLYCERIN SUPPOSITORY | 70000-0429-01 | 0.11801 | EACH | 2024-11-20 |
| CHILD GLYCERIN SUPPOSITORY | 70000-0429-01 | 0.12906 | EACH | 2024-10-23 |
| CHILD GLYCERIN SUPPOSITORY | 70000-0429-01 | 0.10767 | EACH | 2024-09-18 |
| CHILD GLYCERIN SUPPOSITORY | 70000-0429-01 | 0.09867 | EACH | 2024-08-21 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Market Analysis and Price Projections for Child Glycerin Suppositories
Introduction to Glycerin Suppositories
Glycerin suppositories are a common treatment for constipation, particularly in children. These suppositories work by stimulating the bowel muscles to help produce a bowel movement. Here’s a comprehensive analysis of the market and price projections for child glycerin suppositories.
Global Market Overview
The global pharmaceutical suppositories market, which includes glycerin suppositories, was valued at USD 1.7 billion in 2023 and is projected to grow at a CAGR of 5.7% from 2024 to 2035, reaching USD 3.2 billion by 2035[4].
Segment Analysis
Base Type
Glycerin suppositories fall under the hydrophilic base type segment, which dominated the market with a share of around 56.15% in 2023. Hydrophilic suppositories, including those based on glycerin, are preferred due to their ability to dissolve in water and their effectiveness in treating conditions like constipation[1].
Therapeutic Application
The analgesics and anti-inflammatory drugs segment held the largest market share in 2023, but the segment relevant to glycerin suppositories is primarily gastrointestinal disorders. The increasing prevalence of chronic gastrointestinal conditions, such as constipation, drives the demand for glycerin suppositories[4].
Age Group
The pediatric use segment is expected to register the fastest growth during the forecast period. This is due to increasing awareness among healthcare providers and parents about the benefits of suppositories for children, especially those who struggle with oral medication[4].
Regional Market Analysis
The Asia-Pacific region is anticipated to dominate the market during the forecast period, driven by the rapidly increasing consumption of pharmaceutical glycerin-based products in countries like China, India, and South Korea. This region's growth is attributed to the increasing disposable income and the rising prevalence of health-related conditions[1][3].
Price Projections
Current Pricing
As of 2024, the prices for glycerin suppositories vary depending on the vendor and the specific product. For example, the price per unit for glycerin suppositories can range from $0.10434 to $0.22594 per unit[2].
Future Pricing Trends
Given the projected growth in the pharmaceutical suppositories market, it is likely that the prices will remain competitive but may see a slight increase due to rising demand and advancements in formulation technology. However, the low cost of glycerin as an excipient is expected to keep prices relatively stable[3][4].
Market Drivers
- Increasing Prevalence of Health Conditions: The rising incidence of chronic diseases, such as constipation and inflammatory bowel disease (IBD), drives the demand for effective treatments like glycerin suppositories[4].
- Advancements in Drug Delivery Technologies: Improvements in formulation technology, such as heat-stable formulations and enhanced bioavailability, are expected to boost the market growth[4].
- Growing Demand for Pediatric and Geriatric Formulations: The increasing acceptance of suppositories for children and the elderly, who may struggle with oral medications, is a significant market driver[4].
Market Restraints
- Adverse Effects: Adverse effects of pharmaceutical glycerin, such as diarrhea, polyuria, nausea, and dry mouth, can hinder market growth[3].
- Competition from Alternative Treatments: The availability of other treatments for constipation and gastrointestinal disorders can pose a challenge to the growth of the glycerin suppository market.
Key Players
Major players in the pharmaceutical suppositories market include Novartis AG, Church & Dwight Co. Inc., Bliss GVS Pharma Ltd, Pfizer Inc., and others. These companies are investing in research and development to improve the efficacy and safety of glycerin suppositories[4].
Distribution Channels
Hospital pharmacies hold the largest market share for pharmaceutical suppositories due to their frequent use in hospital settings for targeted drug delivery. However, retail pharmacies and online platforms are also significant distribution channels, especially for over-the-counter (OTC) glycerin suppositories[4].
Conclusion
The market for child glycerin suppositories is poised for growth, driven by increasing health awareness, advancements in drug delivery technologies, and the rising prevalence of gastrointestinal disorders. While there are potential restraints, the overall outlook is positive, with Asia-Pacific leading the way in market growth.
Key Takeaways
- The global pharmaceutical suppositories market is projected to reach USD 3.2 billion by 2035.
- The hydrophilic base type segment, which includes glycerin suppositories, dominates the market.
- The pediatric use segment is expected to register the fastest growth during the forecast period.
- Asia-Pacific is anticipated to dominate the market due to increasing consumption of pharmaceutical glycerin-based products.
- Advancements in formulation technology and growing demand for pediatric and geriatric-friendly formulations drive market growth.
FAQs
Q: What is the current market size of the global pharmaceutical suppositories market? A: The global pharmaceutical suppositories market was valued at USD 1.7 billion in 2023[4].
Q: What is the projected CAGR for the global pharmaceutical suppositories market from 2024 to 2035? A: The market is projected to grow at a CAGR of 5.7% from 2024 to 2035[4].
Q: Which region is expected to dominate the market for pharmaceutical glycerin-based products? A: The Asia-Pacific region is anticipated to dominate the market during the forecast period[1][3].
Q: What are the primary drivers of the market growth for glycerin suppositories? A: The increasing prevalence of health conditions, advancements in drug delivery technologies, and growing demand for pediatric and geriatric formulations are key drivers[4].
Q: What are some potential restraints to the growth of the glycerin suppository market? A: Adverse effects of pharmaceutical glycerin and competition from alternative treatments are potential restraints[3][4].
Sources
- The Brainy Insights: "Suppositories Market Growth Statistics & Forecast to 2031"
- DrugPatentWatch: "Drug prices and trends for GLYCERIN"
- Allied Market Research: "Pharmaceutical Glycerin Based Products Market| Forecast- 2030"
- Allied Market Research: "Pharmaceutical Suppositories Market Size, Share, Growth - 2035"
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