Drug Price Trends for HEMORRHOIDAL SUPPOSITORIES

Average Pharmacy Cost for HEMORRHOIDAL SUPPOSITORIES

These are average pharmacy acquisition costs (net of discounts) from a US national survey

Drug Name	NDC	Price/Unit ($)	Unit	Date
HEMORRHOIDAL SUPPOSITORIES	70000-0223-01	0.20750	EACH	2025-02-19
HEMORRHOIDAL SUPPOSITORIES	00536-1186-12	0.20750	EACH	2025-02-19
HEMORRHOIDAL SUPPOSITORIES	70000-0223-01	0.19824	EACH	2025-01-22

Market Analysis and Price Projections for Hemorrhoidal Suppositories

Market Overview

The market for hemorrhoidal suppositories, a subset of the broader pharmaceutical suppositories market, is experiencing significant growth driven by several key factors.

Global Market Size and Growth

The global pharmaceutical suppositories market, which includes hemorrhoidal suppositories, was valued at approximately $1.73 billion in 2023. It is projected to reach $2.73 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.90% during the forecast period from 2023 to 2031[4].

Drivers of Market Growth

Increasing Prevalence of Hemorrhoids

One of the primary drivers of the market growth is the increasing prevalence of hemorrhoids. Hemorrhoids are a common condition, and their incidence is expected to rise, contributing to the demand for effective treatments such as hemorrhoidal suppositories[1].

Technological Advancements and Product Innovation

Technological advancements and product innovation are also driving the market. Companies are focusing on developing more effective and patient-friendly products, which enhances market growth. Strategic partnerships among pharmaceutical companies further accelerate this trend[1].

Patient Convenience and Adherence

There is a growing emphasis on patient convenience and adherence, leading to the development of more user-friendly and effective suppository formulations. This focus improves patient compliance and contributes to market expansion[1].

Regional Market Analysis

North America

North America is the largest market for suppositories, accounting for approximately 42.36% of the global market share in 2023. This dominance is due to the high adoption rate of suppositories, the need for better diagnostic and therapeutic methods, and significant investments in the healthcare and pharmaceutical industries[4].

Asia Pacific

The Asia Pacific region is expected to be the fastest-growing market during the forecast period. Factors such as increasing disposable income, a large patient pool, and rising demand for acute care in countries like South Korea, India, and China are driving this growth[4].

Pricing and Cost Analysis

Preparation H Suppositories

Preparation H Suppositories, a common brand used for treating hemorrhoids, cost around $21.26 for a supply of 12 suppositories, with each suppository priced at approximately $1.77. Prices can vary depending on the pharmacy and availability of discounts[2].

Hemorrhoidal Suppositories

Hemorrhoidal suppositories, another product used for treating hemorrhoids, are priced around $12.44 for a supply of 12 suppositories, with each suppository costing between $1.04 and $1.33. These prices are subject to variation based on the pharmacy and any applicable discounts[5].

Price Projections

Given the overall market growth trends, the prices of hemorrhoidal suppositories are likely to remain competitive while potentially increasing slightly due to inflation and technological advancements.

• Short-term Projections: In the short term, prices are expected to remain relatively stable, with minor fluctuations based on market conditions and the availability of discounts.
• Long-term Projections: Over the long term, as the market grows and demand increases, prices may see a slight increase, but this will be balanced by the introduction of new products and competitive pricing strategies.

Key Takeaways

• The global pharmaceutical suppositories market, including hemorrhoidal suppositories, is projected to grow significantly, reaching $2.73 billion by 2031.
• North America is the largest market, while the Asia Pacific region is expected to grow the fastest.
• Technological advancements, product innovation, and patient convenience are key drivers of market growth.
• Prices for hemorrhoidal suppositories are competitive, with costs ranging from $12 to $21 for a supply of 12 suppositories, depending on the brand and pharmacy.

FAQs

1. What is the current market size of the global pharmaceutical suppositories market? The global pharmaceutical suppositories market was valued at approximately $1.73 billion in 2023[4].

2. What is the projected growth rate of the pharmaceutical suppositories market? The market is expected to grow at a CAGR of 5.90% from 2023 to 2031[4].

3. Which region is expected to grow the fastest in the suppositories market? The Asia Pacific region is expected to be the fastest-growing market during the forecast period[4].

4. What are the main drivers of the market growth for hemorrhoidal suppositories? The main drivers include the increasing prevalence of hemorrhoids, technological advancements, product innovation, and a focus on patient convenience and adherence[1].

5. How much do Preparation H Suppositories typically cost? Preparation H Suppositories typically cost around $21.26 for a supply of 12 suppositories[2].

Sources

1. The Business Research Company: Global Pharmaceutical Suppositories Market Report 2024
2. Drugs.com: Preparation H Suppositories Prices, Coupons, Copay Cards & Patient Assistance
3. Verified Market Research: Pharmaceutical Suppositories Market Size, Scope, and Forecast
4. The Brainy Insights: Suppositories Market Growth Statistics & Forecast to 2031
5. Drugs.com: Hemorrhoidal Prices, Coupons, Copay Cards & Patient Assistance