PUBLISHER: The Business Research Company | PRODUCT CODE: 1662523
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662523
Aspirin, also known as acetylsalicylic acid (ASA), is a non-steroidal anti-inflammatory drug used to treat fever and minor aches. It is employed for conditions such as arthritis and to mitigate the risk of issues such as heart attacks and strokes.
There are two primary types of aspirin products such as prescription and over-the-counter (OTC). Prescription drugs can only be obtained with a certified physician's prescription. As for the route of administration, aspirin comes in oral, rectal, and parenteral forms. Various dosage forms include tablets, capsules, injections, and suppositories. Aspirin finds applications in diverse areas, including cardiovascular disease, pain relief, fever reduction, inflammation management, among others. It is utilized by a range of end-users, such as hospitals, clinics, and other healthcare facilities.
The aspirin market research report is one of a series of new reports from The Business Research Company that provides aspirin market statistics, including aspirin industry global market size, regional shares, competitors with a aspirin market share, detailed aspirin market segments, market trends and opportunities, and any further data you may need to thrive in the aspirin industry. This aspirin market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aspirin market size has grown steadily in recent years. It will grow from $2.56 billion in 2024 to $2.68 billion in 2025 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to pain management and analgesic demand, cardiovascular health awareness, anti-inflammatory properties, preventive measures for stroke and heart attacks, treatment of fever and headaches, rheumatic fever and arthritis treatment.
The aspirin market size is expected to see strong growth in the next few years. It will grow to $3.38 billion in 2029 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to rising incidence of chronic diseases, potential benefits in neurological disorders, pharmaceutical industry innovations, increased adoption in developing regions, growing popularity of self-care practices. Major trends in the forecast period include cancer prevention research, combination therapies, personalized medicine approaches, customized dosage forms and delivery systems, telemedicine and self-care.
The rising incidence of arthritis is projected to drive the growth of the aspirin market in the coming years. Arthritis is a medical condition characterized by pain and swelling in the joints. Aspirin, a nonsteroidal anti-inflammatory drug, aids individuals with chronic pain from arthritis and other ailments by alleviating inflammation, reducing pain, and enhancing functionality. An increase in arthritis cases directly correlates with higher aspirin usage. For example, in November 2023, the Health and Safety Executive (HSE), a UK government agency, reported that the total number of workers suffering from work-related musculoskeletal disorders reached 473,000 during the 2022-2023 period, reflecting a prevalence rate of 1,400 per 100,000 workers. Additionally, there were 132,000 new cases, indicating an incidence rate of 390 per 100,000 workers. Consequently, the growing prevalence of arthritis is fueling the expansion of the aspirin market.
The significant global burden of cardiovascular diseases is expected to further propel the growth of the aspirin market in the future. Cardiovascular diseases encompass a range of disorders affecting the heart and blood vessels. Aspirin is frequently recommended as a preventive measure for cardiovascular diseases, especially for individuals at risk of heart attacks or strokes. For instance, in May 2024, the Singapore Heart Foundation (SHF), a Singapore-based non-profit organization, reported that ischemic heart diseases accounted for 5,302 deaths, reflecting a slight increase from 5,290 deaths in 2022. Therefore, the substantial burden of cardiovascular diseases worldwide is anticipated to drive the aspirin market.
Major companies in the aspirin market are increasingly adopting a strategic partnership approach to enhance technology integration and broaden their market reach. A strategic partnership generally involves a collaborative relationship between two or more organizations, where they combine their resources, expertise, and efforts to achieve shared goals. For example, in February 2023, Huma Therapeutics Limited (Huma), a digital health company based in the UK, collaborated with Bayer AG, a Germany-based life sciences firm, to launch the Bayer Aspirin Heart Risk Assessment online tool. This tool helps users identify their risk factors for developing cardiovascular disease over the next decade and enables them to share their results with their healthcare providers. Huma has created an algorithm that predicts long-term cardiovascular disease risk using data from the UK Biobank. Individuals can access the Heart Risk Assessment tool on the Bayer Aspirin website, where they will find a user-friendly questionnaire containing 15 questions. Based on their answers, the tool evaluates whether they are at higher, average, or lower risk of developing cardiovascular disease by comparing their responses to data from the research population.
In May 2024, Sun Pharmaceutical Industries Ltd., a specialty generic pharmaceutical company based in India, acquired Taro Pharmaceutical Industries Ltd. for an undisclosed amount. This acquisition is intended to enhance Sun Pharma's presence in the pharmaceutical market, particularly in segments like off-patent pharmaceuticals, prescription medications, and over-the-counter products. Taro Pharmaceutical Industries Ltd., located in Israel, is a research-focused pharmaceutical manufacturer known for producing acetylsalicylic acid capsules.
In March 2022, Advent International Corporation, a US-based investment firm, acquired the over-the-counter (OTC) and pharmaceutical businesses in Mexico and Brazil from Perrigo Company plc for an undisclosed amount. This acquisition allows Advent to expand its regional investment strategy within the healthcare sector, drawing on over twenty years of industry experience to strengthen its market position. Perrigo Company plc is an Ireland-based manufacturer of pharmaceutical products, including aspirin tablets.
Major companies operating in the aspirin market include Bayer AG, Allegiant Health, Par Pharmaceutical, Cardinal Health Inc., Nanjing pharmaceutical factory Co. Ltd., JQC (Huayin) Pharmaceutical Co. Ltd., LNK International Inc., Bal Pharma Limited, Trumac Healthcare, Perrigo Company PLC, Alta Laboratories Ltd., Zhenjiang Gaopeng Pharmaceutical Co. Ltd., J.M. Loveridge Ltd., Mayne Pharma Group Limited, St. Joseph's Aspirin, Teva Pharmaceutical Industries Ltd, Boehringer Ingelheim International GmbH, Cadila Healthcare Ltd., Cipla Ltd., Dr. Reddy's Laboratories Ltd., GlaxoSmithKline plc, Hetero Labs Ltd., Jubilant Generics Ltd., Lupin Ltd., Merck & Co. Inc., Novartis AG, Pfizer Inc., Sanofi S.A., Sun Pharmaceutical Industries Ltd.
Asia-Pacific was the largest region in the aspirin market in 2024. The regions covered in the aspirin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the aspirin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The aspirin market consists of sales of capsules, chewable, and coated tablets. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Aspirin Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aspirin market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for aspirin ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aspirin market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.