In Asia, ibuprofen prices initially rose due to strong pharmaceutical orders and China’s post-lunar holiday production boost. However, they declined in the second quarter due to reduced exports, a sluggish global economy, and government economic measures. Europe experienced stability in the first quarter with robust pharmaceutical demand but insufficient inventories. The strengthening European currency drove price hikes.
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In the second quarter, prices fell due to waning demand, efficient supply chains, lower freight costs, and reduced energy prices. North America saw initial ibuprofen price increases with heightened trading and pharmaceutical procurement but faced second quarter declines due to reduced sales, increased inventories, and market challenges.
Definition
Ibuprofen is a nonsteroidal anti-inflammatory drug (NSAID) commonly used as a pain reliever, fever reducer, and anti-inflammatory medication. It works by inhibiting enzymes that produce prostaglandins, substances involved in pain and inflammation. Ibuprofen is available over the counter and by prescription, offering relief from various conditions like headaches, muscle pain, and arthritis. Its properties include analgesic (pain relief), antipyretic (fever reduction), and anti-inflammatory effects. Ibuprofen is generally well-tolerated but can have side effects, particularly with prolonged use, such as gastrointestinal irritation and, rarely, more serious complications.
Key Details About the Ibuprofen Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Ibuprofen in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Ibuprofen Price chart, including India Ibuprofen price, USA Ibuprofen price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Ibuprofen Price Trend:
Ibuprofen, primarily known for its widespread use as an over-the-counter pain reliever and anti-inflammatory medication, also has industrial applications. Its anti-inflammatory properties make it valuable in pharmaceutical manufacturing, where it serves as a key ingredient in various prescription and non-prescription drugs. Furthermore, ibuprofen’s role as an active pharmaceutical ingredient (API) extends to the production of topical creams and gels for pain relief. Its anti-inflammatory capabilities find applications in the development of medical devices, such as drug-eluting stents, which release ibuprofen to prevent inflammation during implantation. Overall, ibuprofen’s industrial significance lies in its pharmaceutical and healthcare-related uses, contributing to the well-being of individuals worldwide.
Key Players:
- BASF SE
- BIOCAUSE Inc
- Solara Active Pharma Sciences Limited
- IOL Chemicals and Pharmaceuticals Limited
- SI Group Inc
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