Meloxicam Market Growth Analysis by 2028

Global Meloxicam market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market is growing at a healthy CAGR 5.00% in the above-mentioned research forecast period. Rising osteoarthritis, rheumatoid arthritis, and juvenile rheumatoid arthritis are the factors responsible for the growth of this market.

However, rising preference of NSAIDs over other pain killers such as opioids also boost up the market growth. Moreover, rising prevalence of chronic inflammatory and pain diseases also boost up the market growth. But, market competition among the players and severe side effects such as ulcers, dizziness and others may hamper the global Meloxicam market.

Meloxicam is a non-steroidal anti-inflammatory drug which is used to relieve the chronic inflammation and pain including pain caused by osteoarthritis, rheumatoid arthritis and musculoskeletal conditions. Meloxicam have longer half-life as compared to the other NSAIDs. It is a preferential COX-2 inhibitor, reportedly reducing the risk of adverse gastrointestinal tract effects, however, this is a topic of controversy. It is estimated that in 2018, 22.6 million of prescriptions in the United States.

The countries covered in the Meloxicam market report are U.S., Canada, Mexico in North America, Brazil, Argentina, Peru, Rest of South America, as part of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa, as a part of Middle East and Africa.

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On geographical estimation, North America accounts the largest market share due to the presence of rising population with arthritis & other chronic pain diseases, high healthcare expenditure and research & development. Europe accounts the second largest market share due to presence of refined medical facilities. Asia-Pacific is expected to account for the largest market share over coming years for the Meloxicam market due to increased advancement in the technology as well as growing healthcare expenditure and rising awareness program.

The major players covered in the Meloxicam market are Taj Pharmaceutical Limited., Wellona Pharma, Trumac Healthcare, Healthy Life Pharma Private Limited., EPICON LIFESCIENCES LLP, Boehringer Ingelheim GmbH., Baudax Bio, Viatris Inc., Avanstra Inc., PD-Rx Pharmaceuticals, Inc., Sun Pharmaceutical Industries Limited., Teva Pharmaceutical Industries limited, Dr Reddy's Laboratories, Lupin, Apotex Corporation, among other domestic and global players.

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