The global demand for Paracetamol Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Paracetamol, also called acetaminophen, belongs to a group of medicines called analgesics or painkillers. It is used to treat mild, moderate, and severe pain, including headaches, back, and period pain, toothache, cold or flu symptoms, cancer pain, and pain after surgery. It is sold in combination with other medications. Paracetamol is typically consumed by mouth or rectally but is also available by injection into a vein. It is sold under various brands name, including Tylenol, Ofirme, and Panadol, among others.
Paracetamol is one of the most popular over‑the‑counter analgesic agents available without a prescription around the globe. Most doctors prescribe paracetamol to the patient to treat fever, headache, menstrual pain, and common pain. The growing prevalence of fever and pain associated with various illness drives the increasing demand of paracetamol. The factors like efficacy, availability, and affordability, and past experience influence consumers to purchase paracetamol products for self‑medication. Consumers treat minor illnesses themselves due to easy accessibility to over‑the‑counter. Although paracetamol is generally considered safe, it is also the most commonly reported drug implicated in intentional or accidental poisoning. This may impact the growth of the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of paracetamol.
The entire paracetamol market has been sub-categorized into applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Tablet Drug
- Granules Drug
- Oral Solution
This section covers regional segmentation which accentuates on current and future demand for paracetamol market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Paracetamol Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the paracetamol market include Mallinckrodt, Anqiu Lu'an, Granules India, Zhejiang Kangle, Farmson, Hebei Jiheng, Novacyl, Anhui BBCA Likang, Anhui Fubore, SKPL, Atabay. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.