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Drug Price Trends for GLYCERIN SUPPOSITORY
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Average Pharmacy Cost for GLYCERIN SUPPOSITORY
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| GLYCERIN SUPPOSITORY | 46122-0222-63 | 0.12344 | EACH | 2024-12-18 |
| GLYCERIN SUPPOSITORY | 46122-0221-71 | 0.06901 | EACH | 2024-12-18 |
| GLYCERIN SUPPOSITORY | 46122-0221-63 | 0.10434 | EACH | 2024-12-18 |
| GLYCERIN SUPPOSITORY | 46122-0222-63 | 0.11801 | EACH | 2024-11-20 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Market Analysis and Price Projections for Glycerin Suppositories
Introduction to Glycerin Suppositories
Glycerin suppositories are widely used in the pharmaceutical industry for various medical applications, including the treatment of constipation, cough, and certain eye disorders. Here’s a comprehensive analysis of the market and price projections for glycerin suppositories.
Market Size and Growth
The market for pharmaceutical suppositories, which includes glycerin suppositories, is experiencing significant growth. As of 2023, the pharmaceutical suppositories market was valued at $1.74 billion and is projected to reach $2.74 billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 5.91% during the forecast period of 2024-2031[3].
Geographical Insights
Geographically, the global pharmaceutical glycerin-based products market is dominated by the Asia Pacific region, which is expected to continue its dominance during the forecast period. This growth is attributed to the increasing awareness and wide production and adoption of pharmaceutical glycerin-based products in countries such as India, South Korea, and China[1].
Applications and Demand Drivers
Medical Applications
Glycerin suppositories are primarily used as laxatives to treat constipation. They are also used in treating eye disorders such as glaucoma and in reducing intraocular and cerebrospinal pressure. The efficacy of glycerin in these applications is a key driver for the market growth[1][4].
Alternative Uses
In addition to medical applications, glycerin is used as a substitute for alcohol in hand sanitizers, which saw a significant increase in demand during the COVID-19 pandemic. This alternative use further boosted the demand for pharmaceutical-grade glycerin[4].
Price Analysis
Current Pricing
The cost of glycerin suppositories varies based on the quantity and type. For example, the price for adult 2g rectal suppositories can range from $11.57 to $14.24 for a supply of 12 suppositories, depending on the pharmacy and any discounts applied[2][5].
Price Projections
Given the increasing demand across various sectors, including pharmaceuticals, food, and personal care, the prices of glycerin are likely to escalate. The static production capacity of major glycerin-producing companies, coupled with rising demand, suggests that prices will increase over the forecast period[4].
Challenges and Opportunities
Adverse Effects
One of the challenges facing the market is the potential adverse effects of glycerin, such as dry mouth, polyuria, nausea, and diarrhea. However, the managerial benefits of glycerin in treating intraocular pressure and cerebrospinal pressure are expected to outweigh these challenges[1].
Supply and Demand Balance
The growing demand for glycerin across various industries poses a challenge in balancing supply and demand. Leading manufacturers such as The Dow Chemical Company, Emery Oleochemicals, and others will need to navigate this challenge to capitalize on the market opportunities[4].
Industry Players and Production Capacity
Major players in the glycerin market include The Procter & Gamble Company, The Dow Chemical Company, Renova S.A., Emery Oleochemicals, Vantage Specialty Chemicals, and Louis Dreyfus Company. These companies have significant production capacities, but there has been no significant news of expansion, which could impact the supply-demand balance[4].
Future Outlook
The future outlook for the glycerin market is promising, driven by its diverse applications and the growing need for its unique properties. By 2034, the global glycerine market is forecasted to achieve a CAGR of around 3%, with significant growth expected in the drug formulation, oral demulcent, and emollient & humectant sectors[4].
Sector-Specific Demand
- Drug Formulation Sector: Demand is estimated to increase to 0.63 million tons by 2034.
- Oral Demulcent Sector: Anticipated to witness growth to 0.31 million tons by 2034.
- Emollient & Humectant Sector: Expected to experience an increase, with demand rising by 0.25 million tons by 2034[4].
Key Takeaways
- The pharmaceutical suppositories market, including glycerin suppositories, is expected to grow significantly, reaching $2.74 billion by 2031.
- Glycerin suppositories are used in treating constipation, eye disorders, and other medical conditions.
- The Asia Pacific region dominates the market and is expected to continue its dominance.
- Increasing demand and static production capacity are likely to drive up prices.
- Major industry players need to balance supply and demand to capitalize on market opportunities.
FAQs
What are the primary uses of glycerin suppositories?
Glycerin suppositories are primarily used as laxatives to treat constipation and in treating eye disorders such as glaucoma.
How is the market for glycerin suppositories expected to grow?
The market for pharmaceutical suppositories, including glycerin suppositories, is projected to grow at a CAGR of 5.91% from 2024 to 2031, reaching $2.74 billion by 2031.
Which region dominates the global pharmaceutical glycerin-based products market?
The Asia Pacific region dominates the global pharmaceutical glycerin-based products market and is expected to continue its dominance during the forecast period.
What are the potential challenges facing the glycerin market?
The potential challenges include adverse effects such as dry mouth, polyuria, nausea, and diarrhea, as well as the need to balance supply and demand due to static production capacity.
How is the COVID-19 pandemic impacting the glycerin market?
The COVID-19 pandemic highlighted the importance of glycerin in hand sanitizer production, significantly boosting demand, especially in tropical climates where a 0.5% glycerin formulation was recommended by the World Health Organization (WHO)[4].
Sources
- Pharmaceutical Glycerin Based Products Market, Outlook 2031 - Biospace
- Glycerin Prices, Coupons, Copay Cards & Patient Assistance - Drugs.com
- Pharmaceutical Suppositories Market Size, Scope, and Forecast - Verified Market Research
- Anticipating and Marking the Glycerine Market: A Promising Decade Ahead - ChemAnalyst
- Fleet Glycerin Suppositories Adult Prices, Coupons, Copay Cards & Patient Assistance - Drugs.com
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