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Drug Price Trends for IBUPROFEN PM CAPLET
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Average Pharmacy Cost for IBUPROFEN PM CAPLET
Drug Name | NDC | Price/Unit ($) | Unit | Date |
---|---|---|---|---|
IBUPROFEN PM CAPLET | 70000-0157-01 | 0.12271 | EACH | 2025-01-22 |
IBUPROFEN PM CAPLET | 70000-0157-01 | 0.12258 | EACH | 2024-12-18 |
IBUPROFEN PM CAPLET | 70000-0157-01 | 0.12201 | EACH | 2024-11-20 |
IBUPROFEN PM CAPLET | 70000-0157-01 | 0.12605 | EACH | 2024-10-23 |
IBUPROFEN PM CAPLET | 70000-0157-01 | 0.12202 | EACH | 2024-09-18 |
IBUPROFEN PM CAPLET | 70000-0157-01 | 0.12328 | EACH | 2024-08-21 |
IBUPROFEN PM CAPLET | 70000-0157-01 | 0.12499 | EACH | 2024-07-17 |
>Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Market Analysis and Price Projections for Ibuprofen PM Caplet
Introduction to Ibuprofen PM Caplet
Ibuprofen PM caplet, a combination of ibuprofen and diphenhydramine, is widely used for treating pain, fever, and insomnia. This medication falls under the analgesic combinations drug class and is available over-the-counter (OTC) in various forms, including tablets and capsules.
Global Ibuprofen Market Overview
The global ibuprofen market, which includes ibuprofen PM caplets, is experiencing significant growth driven by several key factors:
- Rising Prevalence of Chronic Diseases: Conditions such as rheumatoid arthritis, osteoarthritis, and headaches are on the rise, increasing the demand for ibuprofen[3][4].
- Growing Geriatric Population: The aging population is a major driver, as older individuals are more prone to chronic diseases that require ibuprofen[4].
- Increased Healthcare Spending: Regions like Asia-Pacific are witnessing a surge in healthcare expenditures, which is expected to rise from over 5% in 2020 to approximately 11% in 2023[1][3].
Market Size and Growth Projections
- The global ibuprofen market was valued at USD 1.43 billion in 2023 and is estimated to reach USD 1.76 billion by 2032, growing at a CAGR of 2.44% during the forecast period[3].
- Another projection suggests the market could reach $213.6 million by 2033, growing at a CAGR of 7.9% from 2024 to 2033[4].
Regional Market Analysis
Asia-Pacific
- This region is expected to hold the largest market share due to cost-efficient manufacturing in countries like China and India. The low production costs and rising healthcare expenditures in this region are significant growth drivers[1][3].
North America
- The North American market is also projected to grow notably, driven by the rising prevalence of migraines and the widespread use of OTC medications. The sedentary lifestyle of the population in this region contributes to higher instances of migraine, which in turn increases the demand for ibuprofen[1].
Price Analysis for Ibuprofen PM Caplet
- The cost for Ibuprofen PM (diphenhydramine/ibuprofen) oral tablets can range from $12 to $17 for a supply of 20 tablets, depending on the pharmacy and the specific formulation. For example, a 38 mg-200 mg oral tablet can cost around $12.25 for 20 tablets[2][5].
Price Projections and Trends
- While the prices of ibuprofen PM caplets are generally stable, there are occasional fluctuations due to factors such as stock shortages and changes in manufacturing costs.
- In India, for instance, the National Pharmaceutical Pricing Authority (NPPA) announced a minor increase in the Maximum Retail Price (MRP) of prescription drugs, including ibuprofen, by 0.00551% starting from the fiscal year 2024-25[3].
Distribution Channels and Accessibility
- Ibuprofen PM caplets are widely available through various distribution channels, including hospital pharmacies, retail pharmacies, and online pharmacies. This widespread availability contributes to the market growth as it makes the medication more accessible to consumers[4].
Consumer Savings and Assistance Programs
- Consumers can benefit from discount cards, coupons, and copay programs that reduce the cost of ibuprofen PM caplets. For example, the Drugs.com Discount Card can save consumers up to 80% on prescription and OTC medications[2][5].
Challenges and Growth Drivers
Growth Drivers
- The surge in seasonal influenza and COVID-19 cases is expected to increase the demand for ibuprofen as an antipyretic and analgesic medication[1].
- The trend towards self-medication for minor ailments and the safety, efficacy, and accessibility of OTC ibuprofen also drive market growth[3].
Challenges
- Despite the growth drivers, the market faces challenges such as regulatory changes and potential fluctuations in raw material costs, which can impact manufacturing and pricing.
Key Takeaways
- The global ibuprofen market, including ibuprofen PM caplets, is expected to grow significantly due to rising chronic diseases, an aging population, and increased healthcare spending.
- Asia-Pacific and North America are key regions driving this growth.
- Prices for ibuprofen PM caplets are generally stable but can fluctuate based on various market factors.
- Consumers can benefit from discount programs and coupons to reduce the cost of these medications.
Frequently Asked Questions (FAQs)
1. What is the projected market size of the global ibuprofen market by 2032? The global ibuprofen market is estimated to reach USD 1.76 billion by 2032, growing at a CAGR of 2.44% during the forecast period[3].
2. Which region is expected to dominate the ibuprofen market? The Asia-Pacific region is expected to hold the largest market share due to cost-efficient manufacturing and rising healthcare expenditures[1][3].
3. What are the primary drivers of the ibuprofen market growth? The primary drivers include the rising prevalence of chronic diseases, an aging population, and increased healthcare spending[3][4].
4. How can consumers save on ibuprofen PM caplets? Consumers can use discount cards, coupons, and copay programs to reduce the cost of ibuprofen PM caplets[2][5].
5. Are there any regulatory changes affecting the pricing of ibuprofen? Yes, minor regulatory changes such as the increase in MRP by 0.00551% in India starting from the fiscal year 2024-25 can affect pricing[3].
Cited Sources:
- Research Nester, "Ibuprofen API Market Size & Share, Growth Trends 2037"
- Drugs.com, "Ibuprofen PM Prices, Coupons, Copay Cards & Patient Assistance"
- StraitsResearch, "Global Ibuprofen Market Size, Top Share, CAGR of 2.44%, Report"
- PR Newswire, "Ibuprofen Market to Reach $213.6 Million, Globally, by 2033 at 7.9 CAGR"
- Drugs.com, "Advil PM Prices, Coupons, Copay Cards & Patient Assistance"
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