Global Fatty Bases for Suppositories Market Expected to Surpass $339.5 Million and Grow at 5.59% CAGR in the 2022-2031 Timeframe [230-Pages] | Details by Research Dive

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23 Feb, 2023, 11:30 GMT

The global fatty bases for suppositories market is expected to grow by 2031 due to increasing significance of fat suppositories. The emulsifying base sub-segment is expected to be highly dominant. The market in the Europe region to be highly lucrative.

NEW YORK, Feb. 23, 2023 /PRNewswire/ -- Research Dive has added a new report to its offering titled, "Fatty Bases for Suppositories Market by Base Type (Hard fat, Water Miscible Base, and Emulsifying Bases) and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031".

According to the report, the global fatty bases for suppositories market is predicted to register a revenue of $339.5 million by 2031, growing at a healthy CAGR of 5.59% during the forecast period 2022-2031.

Dynamics of the Market

Drivers: In the last few years, there has been a growth in the significance of fat suppositories, especially among the geriatric population across the globe which is predicted to boost the fatty bases for suppositories market in the forecast period. Additionally, rise in importance of fat excipients for the treatment of viral infections is expected to drive the market forward.

Opportunities: Over the years, developed countries are looking towards fat suppositories as a better alternative for successfully aiding patients in recovering from infectious disorders. This growing shift in developed countries is expected to offer numerous growth opportunities to the market. Along with this, increasing usage of fat suppositories to treat pediatric patients is predicted to take the market higher.

Restraints: According to market analysts, reluctance of patients to prefer rectal drug delivery, however, may become a challenge in the growth trajectory of the fatty bases for suppositories market.

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Covid-19 Impact on the Market

Since the outbreak of Covid-19 pandemic, strict lockdowns and travel restrictions were put in place by various governments across the world. This negatively impacted several industries and businesses causing disruptions in supply chains and manufacturing processes. The fatty bases for suppositories market, too, faced a similar fate. The shutdown of manufacturing industries, disruptions in global supply chains, shortage of labor, and growing imbalance between demand and supply, led to decline in the growth rate of the market during the pandemic period.

Segments of the Market

The report has fragmented the fatty bases for suppositories market into a few segments based on base type and regional analysis.

  • By base type, the emulsifying base sub-segment is predicted to garner a substantial revenue by 2031. The unique qualities of emulsifying bases including their texture, neutrality, stability, and ability to combine substances that are physically incompatible have led to an increase in demand for these bases. This growth in demand is anticipated to push the growth rate of this sub-segment higher.
  • By regional analysis, the fatty bases for suppositories market in the Europe region is estimated to be the most dominant in the forecast period. Highly developed healthcare sector and Europe's high suppository adoption rate are expected to be the two main factors behind the growth of the market in this region.

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Prominent Market Players

Some prominent market players are

  • Unither
  • Aenova Holding GmbH
  • LGV (Laboratories Mayoly Spindler
  • Bliss GVS Pharma Ltd
  • FAMAR
  • Delpharm
  • Priyans Drug
  • ATRAL

These players are building several strategies like product development and enhancement, merger and acquisition, partnerships and collaborations to assist the market growth.

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The report also sums up various crucial facets including financial performance of the global market players, SWOT analysis, product portfolio, and the latest strategic developments.

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