- Diclofenac is an anti-inflammatory drug that is primarily prescribed to treat mild to moderate pain. It is a non-steroidal drug that helps reduce swelling, stiffness, and inflammatory disorders such as arthritis, gout attacks, and dental pain.
- The drug is used to reduce the substances in body that cause pain and inflammation. Diclofenac is highly effective to treat migraine and headaches. It helps reduce pain from migraine; however, it does not prevent the migraine from occurring.
- Different companies are making diclofenac doses with different concentration for various applications. Diclofenac drug must be consumed only after consultation with a physician or doctor. Continuous consumption of diclofenac for a prolonged period can cause health issues.
- Diclofenac must be kept at room temperature and away from moisture and excessive heat. It is available in liquid, gel, injection, and powder form.
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Key Drivers of Diclofenac market
- The trend of consuming junk food has increased all over the world. Change in dietary habits is boosting the demand for dental care products. Diclofenac is extensively used as dental pain pharmaceuticals product. Demand for diclofenac from the dental industry is anticipated to be a key driver of the diclofenac market.
- Prevalence of inflammatory disorders is increasing in the geriatric population. Osteoarthritis and dysmenorrheaisin disorders are commonly observed in geriatric people. Diclofenac market is benefitting from the demand in the healthcare industry, which is anticipated to boost the market during the forecast period.
- Awareness about the anti-inflammatory therapies and medicines is increasing among people. Innovation in the medical industry has led to the development of low cost affordable medicines. Increase in awareness about preventive healthcare approach is estimated to augment the diclofenac market.
Key Restraints of Diclofenac Market
- Side-effects such as headache, drowsiness, allergic reactions and stomach ache can occur due to consumption of anti-inflammatory drugs. There is an expiry for every patent applied for anti-inflammatory drugs. It is important to consult a doctor before consumption of the diclofenac drug, especially if the patient suffers from kidney, heart, or lever issues.
- New innovation in anti-inflammatory drugs with less side-effects, such as naproxen, can act as a major restraint for the diclofenac market
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COVID-19 Impact on Diclofenac Market
- The COVID-19 pandemic has had a positive impact on the global diclofenac market. Demand for all types of medicines increased due to the resulting health crisis. Diclofenac drug is also used to manufacture medicines for arthritis, rheumatoid arthritis, dermatomyositis, osteoarthritis, dental pain, spondylarthritis, and gout attacks. Governments around the world allowed the manufacture and supply chain systems of the healthcare sector to remain operational. Pharmaceutical stores were also allowed to operate worldwide. These factors resulted in a positive impact of Covid-19 Pandemic on the diclofenac market.
Global Diclofenac Market: Regional Outlook
- Based on region, the Global Diclofenac market can be classified into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific
- North America and Latin America are expected to be major regions of the global diclofenac market during the forecasted period. North America and Latin America witnessed significant increase in consumption of junk food. The average age of the population of these regions is also relatively high. The pharmaceutical market in North America and Latin America is expected to expand at higher pace. Use of diclofenac in the pharmaceutical sector is expected to augment the market in the next few years.
- The diclofenac market in Middle East & Africa is projected to expand at a sluggish pace due relatively sluggish expansion of the pharmaceutical sector in the region
- The diclofenac market in Asia Pacific and Europe is estimated to expand at a moderate pace. The rise in pharmaceutical manufacturing in Asia Pacific is expected to drive the diclofenac market in the region, while Europe is expected to outsource the manufacturing of diclofenac drug.
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