The intravenous (IV) ibuprofen market has witnessed an increase in demand due to its advantages over oral drugs. IV ibuprofen products provide quick relief to patients suffering from acute pain resulting from medical or surgical procedures through direct administration into the bloodstream.
The global intravenous (IV) ibuprofen market is estimated to be valued at US$ 11.13 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2031.
Intravenous ibuprofen contains ibuprofen, a nonsteroidal anti-inflammatory drug (NSAID) that reduces pain, fever, swelling and redness when administered intravenously. Being non-opioid in nature, IV ibuprofen offers an alternative to opioid drugs for postoperative pain management while avoiding side effects like nausea and vomiting commonly seen with oral NSAIDs. It has a faster onset of action compared to oral formulations and provides rapid, consistent levels of ibuprofen in the bloodstream. IV ibuprofen is prescribed for treatment of pain or fever in adults, management of mild to moderate pain, and reduction of fever in pediatric patients. The growing preference for non-opioid therapies and minimally invasive routes of administration is fueling demand for IV ibuprofen globally.
Key Takeaways
Key players operating in the intravenous (IV) ibuprofen market are Cumberland Pharmaceuticals Inc., Hyloris Pharmaceuticals SA, Grifols, S.A., Recordati Rare Diseases Inc., XGEN PHARMACEUTICALS DJB, Inc., AFT Pharmaceuticals, Laboratorios Valmorca, SGPharma Pvt. Ltd., Wellona Pharma, Delex Pharma, Hikma Pharmaceuticals PLC. Cumberland Pharmaceuticals currently dominates the market with their leading IV ibuprofen brand Iveegem which has been widely adopted across the globe.
The growing demand for effective post-operative pain management and increasing rates of surgeries and injuries are boosting consumption of IV ibuprofen worldwide. Its quick relief and fewer side effects compared to opioids make it an attractive alternative for management of acute and chronic pain in various therapeutic areas.
Major players are focusing on geographical expansion and product availability across overseas markets through strategic collaborations. Regulatory approvals in new regions will support market penetration. For instance, in 2022, Hyloris Pharmaceuticals received approval to market IV ibuprofen in South Korea through a licensing partnership with I'm Healthcare.
Market Drivers
One of the major drivers for the Intravenous (IV) Ibuprofen Market Size is the growing opioid crisis and drive towards non-opioid alternatives for pain management. With rising misuse and dependency issues due to opioids, healthcare professionals are promoting judicious use of opioids and recommending non-opioid therapies like IV ibuprofen as the first line treatment for pain control. Its intravascular route negates concerns over stomach irritation and other side effects seen with oral NSAIDs thus augmenting its demand.
Impact of geopolitical situation on the growth of Intravenous (IV) Ibuprofen Market
The current geopolitical tensions between various nations has created difficulties in international trade and logistics. This has impacted raw material supply chains and price fluctuations for key ingredients required for IV ibuprofen production. Manufacturers are facing challenges in procuring components from favored sources due to trade barriers and sanctions. This can negatively impact production timelines and volumes. Further, regional conflicts also pose healthcare resource allocation issues for governments. Budgets earmarked for non-Covid medical research and drug development may see cuts. This can potentially slow clinical trials and market approvals for novel IV ibuprofen formulations in the short term.
To counter such headwinds, companies need to diversify their supplier networks and maintain flexibility. Establishing local sourcing partnerships, especially in politically stable markets, can boost supply resilience. Collaborating with regional centers of excellence can help test and launch localized brand extensions faster. Non-branded generic products tailored for public health programs may see relatively fewer restrictions. Overall, geopolitical stability will be important for the long term sustainable growth prospects of this market. Ongoing monitoring and timely adjustments to supply chains, pricing and regulatory strategies will be crucial.
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