Fatty Bases for Suppositories Market Size to Generate $339.5 Mn by 2031Download Sample Reports Overview
The Global Fatty Bases for Suppositories Market Share is predicted to be valued at $339.5 million by 2031, surging from $197.9millionin 2021, at a noteworthy CAGR of 5.59%.
Impact Analysis of COVID-19 on the Fatty Bases for Suppositories Market
The COVID-19 pandemic has led to severe disruptions in the demand, supply, import-export of raw material, and availability of fatty bases for suppositories across many regions. Fatty bases for suppositories are widely used across the healthcare sector. For instance, there are several products being developed and examined for rectal, topical, and vaginal antiviral drug delivery. Topical gels, or semisolid dosage forms, are the most useful products developed for rectal-vaginal delivery and several of these semisolid products have undergone the third phase of clinical trial, including tenofovir (TFV) gel, dapivirine (DPV) gel, and a dual vaginal and rectal IQP-0528 containing DuoGel. However, the import-export restrictions, delays in the availability of raw materials, and travel restrictions led to supply chain disruptions in the fatty bases for suppositories. All these factors have negatively affected the fatty bases for suppositories market growth during the pandemic.
However, several initiatives launched by the Indian government are helping society to recover from pandemic. For instance, the Daily bowel care program is a program for kids dealing with situations such as constipation and the inability to control stools when they need to stay inside, conducted by Nationwide Children Hospital.
Global Fatty Bases for Suppositories Market Analysis
The increasing popularity of fatty bases for suppositories in the life sciences, healthcare and pharmaceutical sectors for treatment of various diseases like vaginal infection is anticipated to drive the global atty bases for suppositories market in the forecast time period. Fatty bases for suppositories is largely used to improve blood circulation due to its good emulsification and wetting property and it is a safe medication which is generally given by rectal or vaginal route. Furthermore, fatty bases for suppositories can be produced from different water soluble, hard paraffin, emulsifying base. The use of fatty bases for suppositories significantly reduces the rate of bowel motility and problems related to constipation. These are the major factors anticipated to boost the fatty bases for suppositories market share growth during the forecast period.
However, the use of fatty bases for suppositories results in more complicated procedures that cannot be easily prepared. In addition, availability of substitutes such as oral tablet and capsule medication is estimated to restrain fatty bases for suppositories market growth. The capital expenditure, such as the cost of raw material for the production of fatty bases for suppositories, is high, which is anticipated to hinder the fatty bases for suppositories market demand in the upcoming years. Furthermore, suppositories administered via the rectal route degrade the microbial flora, which can reduce market demand.
The use of fatty bases for suppositories in constipation, mostly in pediatric, is gaining huge popularity. Fatty bases for suppositories are an efficient formulation to deliver drugs at the site of action and they can be easily stored. Furthermore, on-demand suppositories can be generated with the use of fatty bases, which can eliminate complexity associated with logistics. Furthermore, it is compatible with the active ingredient to increase the effectiveness, which is predicted to drive fatty bases for suppositories market growth. This is because fatty bases for suppositories are produced using fatty bases such as emulsifying bases, water soluble bases, and hard paraffin.
Global Fatty Bases for Suppositories Market, Segmentation
The global fatty bases for suppositories market is segmented based on base type and region.
The base type segment is further classified into hard fat, water miscible base, and emulsifying base. Among these, the emulsifying base sub-segment is anticipated to have a dominant market share in 2021. Emulsifying bases for the production of fatty bases for suppositories is quite popular. For instance, use of emulsifying bases for fatty bases for suppositories production involves two phases namely synthesis, emulsification, and conversion of fatty bases for suppositories to reach the desired effect. Furthermore, suppositories are more effective and have a lower risk of causing constipation, bowel irritation, and other problems associated with these.
The fatty bases for suppositories market in Asia-Pacific is projected to show the fastest growth in the forecast time. The region is projected to register the fastest growth during the forecast period, owing to an increase in the number of geriatric populations and bowel and digestion related issues with growing age. Additionally, the number of people with hemorrhoids and constipation is rising, and the local healthcare system is getting better. The R&D sector in the developing countries like India has started investing money on the development of effective drugs for treatment of old age-related health concerns which is anticipated to attain substantial growth by the end of the forecast period.
Key Players in the Global Fatty Bases for Suppositories Market
Some of the leading Fatty Bases for Suppositories market players are
- Bliss GVS Pharma Ltd.
- Aenova Holding GmbH
- LGV (Laboratories Mayoly Spindler)
- Priyans Drugs