Overview
A widely used analgesic and antipyretic medicine is paracetamol, also known as Acetaminophen. It is commonly prescribed for the treatment of pain and fever in patients with a variety of health conditions. We are going to look at the overall paracetamol global pharma market size, recent trends within the pharmaceutical industry, the role of major companies and the significance of the Chemxpert database for providing insight into this essential medicinal product.
Market Size
Market Overview
- Over the years, the paracetamol market has shown steady growth.
- In 2022, the global pharma market size of Paracetamol was valued at USD 1.60 billion.
- By 2029, paracetamol's total revenue is projected to increase at a compound annual growth rate of 4.4 % and reach almost USD 2.20 billion. (Courtesy: Mordor Intelligence)
Applications and Usage
For the following uses, paracetamol is usually used:
- Pain relief including headache, muscle pain, arthritis, toothaches
- Reducing fever symptoms including cold, flu, high fevers
- Combined with other painkillers and anti-sickness medicines
Top 10 Pharmaceutical Companies Associated with Paracetamol
Here are the list of premier companies’ that made name in paracetamol manufacturing. It includes firms on global stage as well as paracetamol manufacturers in India.
GlaxoSmithKline (GSK):
- The worldwide presence and a wide variety of pharmaceutical products.
- It invests in R & D to improve the formulations.
Teva Pharmaceuticals USA, Inc.:
- One of the largest generic pharma companies in the world.
- Currently it is manufacturing high quality paracetamol formulations.
Mallinckrodt Pharmaceuticals:
- It specializes for production of medicines that alleviates the pain.
- It plays important role in the paracetamol market.
Sanofi:
- A French multinational company with a numerous medicinal products.
- Manufactures paracetamol-based products.
Sun Pharmaceutical Industries Ltd.:
- India's pharma industry giant.
- Develops paracetamol formulations for the global market
Genesis Biotec Inc.:
- An emerging player in paracetamol research and development.
Biological E Ltd.:
- Known for vaccines and medicinal products.
- Develops paracetamol tablets.
CFL Pharma:
- An Asian pharmaceutical company contributes to the paracetamol supply chain.
Cipla:
- One of India's most famous multinational companies.
- Provides paracetamol based medicinal products.
Dr. Reddy’s Laboratories:
- A well-established Indian pharmaceutical company.
- Exports paracetamol products throughout the world.
Recent updates
In 2024, studies highlighted the threat of liver damage possible with use of paracetamol, especially when consumed in excessive doses. The main conclusions are as follows: (Courtesy: MSN)
- Liver Damage Risk: A recent research showed that paracetamol has the potential to do liver damage, particularly in overdose. It states that paracetamol may interfere with the structural junctions that are essential for the proper functioning of liver cells and lead to damage.
- Acute Liver Failure: Paracetamol is the leading cause of acute liver failure in western region of the world. Researchers have studied its effects on liver cells of human as well as mice. The results emphasize the need to take precautions when using paracetamol.
- Reducing Harm: When paracetamol is widely used as an affordable and effective pain reliever, drug-induced liver damage is a significant clinical concern. In order to ensure the safety of patients, it is important to understand and avoid paracetamol related harm.
Role of Chemxpert Database
Valuable information on paracetamol is available in the Chemxpert database, pharma database service provider Company based in India. It offers following insights:
- API Manufacturers: Identifies top producers and suppliers of the active pharmaceutical ingredient paracetamol.
- Regulatory information: Records the approvals, patents and regulatory status.
- Market trends: Analyses the market's dynamics, pricing and demand.
- Research Data: Provides support for the development and optimization of formulations.
Conclusion:
Paracetamol is a widely used analgesic and antipyretic agent. The size of the paracetamol pharmaceutical market worldwide is growing at a steady rate, with further growth projected for the future. Major pharmaceutical companies like GlaxoSmithKline, Teva Pharmaceuticals, and Sanofi are associated with the manufacturing of paracetamol. Recent studies have highlighted the potential liver damage risk with excessive use of paracetamol. The Chemxpert database contains important information on paracetamol, including API manufacturers and pharmacovigilance data, which aid in the identification of key factors for this essential medicine.
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