The Global Fatty Bases for Suppositories Market Predicted to Expand Due to the Increased Prevalence of Acute and Chronic Disorders
The current healthcare sector is searching for better and more advanced options that can aid in the recovery of patients from infectious disorders. The rectal route is a successful substitute for oral medication administration in geriatric and pediatric patients. Rectal suppositories could affect bioavailability and result in continuous medication release. Suppository drug delivery eliminates issues with oral medication delivery, such as the first pass effect and drug breakdown by gastrointestinal enzymes.
Suppositories are solid drug dosage forms that are specifically made to be inserted into cavities of the body other than the mouth. They can be inserted into the urethra, vaginal canal, or rectum. These components are made to dissolve or melt in the cavity fluids after implantation, releasing the medication. Suppositories are classified as rectal, vaginal, or urethral suppositories depending on where they are inserted. Suppositories are important for on-site action. It does not include the first-pass effect, which protects the medication from metabolism. Suppositories are a useful drug delivery method for bitter and unpleasant medications. Suppositories are frequently used in pediatrics to address symptoms that resemble constipation. The global fatty bases for suppositories market is expanding at a swift pace due to their quick absorption of low molecular weight drugs, retention of large volumes, and the potential for lymphatic system absorption.
New Insights into the Fatty Bases for Suppositories Market
The rising pediatric and geriatric populations across the world, along with the need for easy drug delivery methods are some factors projected to drive the growth of the global fatty bases for suppositories market. As per a report by Research Dive, the global fatty bases for suppositories market is expected to surpass a revenue of $339.5 million in the 2022-2031 timeframe. The Europe fatty bases for suppositories market is predicted to perceive foremost and dominant growth in the years to come. This is because the region has a massive demand for fatty bases for suppositories due to the region's high rate of suppository usage, the existence of significant producers, and a highly developed healthcare industry.
How are Market Players Responding to the Rising Demand for Fatty Bases for Suppositories?
Market players are greatly investing in pioneering research and inventions to cater for the rising demand for fat-based suppositories to treat various diseases. Some of the foremost players in the fatty bases for suppositories market are Bliss GVS Pharma Ltd., Unither, ATRAL, Delpharm, FAMAR, Aenova Holding GmbH, Priyans Drugs, LGV (Laboratories Mayoly Spindler), and others. These players are focused on planning and devising tactics such as mergers and acquisitions, collaborations, novel advances, and partnerships to reach a notable position in the global market. For instance:
- In August 2020, Camber Pharmaceuticals, a specialized generic medicine sales and marketing company, formally announced the launch of Mesalamine suppositories, the generic equivalent of Canasa® suppositories. Suppositories containing mesalamine are used to treat mild to moderate ulcerative colitis.
- In January 2021, CB21 Pharma, focused on the research and development of pharmaceutical-grade cannabidiol products, a sister company of CBDepot, introduced cannabidiol (CBD) suppositories for rectal and vaginal use for OTC (over-the-counter) sales in Europe.
- In August 2021, Gynica, a femtech (female technology) firm in Jerusalem, announced the development of cannabis-based medicines, including specialised vaginal suppositories to treat endometriosis and dysmenorrhea symptoms and relieve pain and inflammation in patients.
COVID-19 Impact on the Global Fatty Bases for Suppositories Market
The unpredicted rise of the coronavirus pandemic in 2020 has adversely impacted the global fatty bases for suppositories market. During the pandemic period, in 2020, COVID-19 disrupted the chain of supply for raw materials, delaying the production of pharmaceutical suppositories. Additionally, the lockdown forced the major industrial facilities to close since the workforce required for production sites was moved to quarantine. The interruptions in the supply chains during the COVID-19 pandemic also resulted in a labor shortage, financial difficulties, and a rise in demand and supply imbalances. All these factors negatively affected the fatty bases for suppositories market. However, with the relaxation of the pandemic, the global market is likely to recover and experience widespread growth in the coming years.
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