Fatty Bases for Suppositories Market Expected to Reach $339.5 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Fatty Bases for Suppositories Market," The fatty bases for suppositories market size was valued at $197.90 million in 2021, and is estimated to reach $339.5 million by 2031, growing at a CAGR of 5.6% from 2022 to 2031.

Suppositories are solid medication dosage forms that are specifically made to be inserted into cavities of the body other than the mouth. Suppositories are a type of medication that is administered via the rectal or vaginal channels. They originated as a more convenient alternate mode of drug delivery from liquid enema formulations. Suppositories are a viable drug delivery option for bitter and unpleasant medications. Suppositories are frequently used in pediatrics to treat symptoms that resemble constipation. However, mucosal irritability at the site of use is a possibility which limits the usage.

The growth of global fatty bases for suppositories market is driven by increase in the geriatric population. In pediatric populations, the rectal route is a great alternative for drug delivery. According to The World Health Organization, between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%. By 2050, the world’s population of people aged 60 years and older will double (2.1 billion). While this shift in distribution of a country's population towards older ages – known as population ageing – started in high-income countries (for example in Japan 30% of the population is already over 60 years old), it is now low- and middle-income countries that are experiencing the greatest change. By 2050, two-thirds of the world’s population over 60 years will live in low- and middle-income countries.

The demand for suppositories is likely to accelerate the global fatty bases for suppositories market growth during the forecasted period, due to benefits mainly quick absorption of various low molecular weight drugs and the potential for absorption into the lymphatic system. In addition to this, the suppositories market is expected to experience substantial growth due to superior physical & chemical stability, neutrality toward mucosal membranes, and comprehensive compatibility with practically all active chemicals.

The highly developed healthcare industries are looking for an improved medication and better alternative that could successfully aid patients in recovering from infectious diseases. The majority of countries' ongoing research by numerous institutions indicates a good chance for developing antiretroviral suppository drug delivery. These delivery systems, which are currently undergoing significant development, provide high-risk patients with effective and affordable suppositories options. Such factors will significantly increase the demand for fat-based suppositories worldwide.

The global fatty bases for suppositories market share are segmented based on base type and region. By base type, it is classified into hard fat, water miscible base, and emulsifying bases. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the fatty bases for suppositories market report include Unither, Bliss GVS Pharma Ltd., Delpharm, ATRAL, Aenova Holding GmBH, FAMAR, LGV (Laboratories Mayoly Spindler), and Priyans Drugs.

Impact of COVID-19 on the Global Fatty Bases for Suppositories Industry

• In late December 2019, the coronavirus was found in the Chinese city of Wuhan's Hubei province. A virus called the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) that spreads from person to person is the cause of the illness. A slowdown in the raw material distribution chain in 2020, disrupted the production of pharmaceutical suppositories.
• Additionally, the manpower required for the manufacturing plants was sent home under quarantine or lockdown, forcing the closure of the suppository factories. The COVID-19 pandemic had an overall negative impact on the pharmaceutical suppositories market because of things such as disruptions in the supply chain, money troubles, a labor shortage, and an increase in the gap between supply and demand.
• However, the demand remained constant throughout as the need for suppositories was continuous and as the supply increased it regained its original sales.

Key Findings of the Study

• Based on base type, the emulsifying bases sub-segment emerged as the global leader in 2021 and will have significant market share in global market in forecasted years
• Based on region, the Europe market is projected to have a significant market share in the projected years