In Asia, ibuprofen prices initially rose due to strong pharmaceutical orders and China’s post-lunar holiday production boost. However, they declined in the second quarter due to reduced exports, a sluggish global economy, and government economic measures. Europe experienced stability in the first quarter with robust pharmaceutical demand but insufficient inventories. The strengthening European currency drove price hikes.
Request for Real-Time Ibuprofen Prices: https://www.procurementresource.com/resource-center/ibuprofen-price-trends/pricerequest
In the second quarter, prices fell due to waning demand, efficient supply chains, lower freight costs, and reduced energy prices. North America saw initial ibuprofen price increases with heightened trading and pharmaceutical procurement but faced second quarter declines due to reduced sales, increased inventories, and market challenges.
Definition
Ibuprofen is a nonsteroidal anti-inflammatory drug (NSAID) commonly used as a pain reliever, fever reducer, and anti-inflammatory medication. It works by inhibiting enzymes that produce prostaglandins, substances involved in pain and inflammation. Ibuprofen is available over the counter and by prescription, offering relief from various conditions like headaches, muscle pain, and arthritis. Its properties include analgesic (pain relief), antipyretic (fever reduction), and anti-inflammatory effects. Ibuprofen is generally well-tolerated but can have side effects, particularly with prolonged use, such as gastrointestinal irritation and, rarely, more serious complications.
Key Details About the Ibuprofen Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Ibuprofen in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Ibuprofen Price Trends, including India Ibuprofen price, USA Ibuprofen price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Ibuprofen Price Trend:
Ibuprofen, primarily known for its widespread use as an over-the-counter pain reliever and anti-inflammatory medication, also has industrial applications. Its anti-inflammatory properties make it valuable in pharmaceutical manufacturing, where it serves as a key ingredient in various prescription and non-prescription drugs. Furthermore, ibuprofen’s role as an active pharmaceutical ingredient (API) extends to the production of topical creams and gels for pain relief. Its anti-inflammatory capabilities find applications in the development of medical devices, such as drug-eluting stents, which release ibuprofen to prevent inflammation during implantation. Overall, ibuprofen’s industrial significance lies in its pharmaceutical and healthcare-related uses, contributing to the well-being of individuals worldwide.
Key Players:
- BASF SE
- BIOCAUSE Inc
- Solara Active Pharma Sciences Limited
- IOL Chemicals and Pharmaceuticals Limited
- SI Group Inc
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.
Contact Us:
Company Name: Procurement Resource
Contact Person: Amanda Williams
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Reference Link – https://theprocurementexpert.com/ibuprofen-prices/