Allopurinol Tablets Market Report

Market Insights

The Global Allopurinol Tablets Market is expected to grow from USD xx billion in 2020 to USD xx billion by 2026 at a CAGR of over x% during the forecast period.

Figure: Global Allopurinol Tablets Market Size, 2020-2026 (USD Billion)

Wish to get a free sample? Register here

What are Allopurinol tablets?

Allopurinol tablet is a prescribed medication used to treat high levels of uric acid which is caused by consumption of certain cancer medication. High level of uric acid can cause kidney stones or gout attacks. Allopurinol comes under the medication class of xanthine oxidase inhibitors. It is also used to treat pain caused by pancreas diseases and certain infections.

Key Players

Key players operating in the global Allopurinol Tablets Market are-

• Casper Pharma (The U.S.),
• Teva Pharmaceutical Industries Ltd. (Israel),
• Dr. Reddys Laboratories (India),
• Mylan N.V. (The U.S.),
• Apotex Inc. (Canada),
• Sun Pharmaceutical Industries Limited (India),
• Zydus Pharmaceuticals Inc. (The U.S.),
• NorthStar Healthcare (The U.S.),
• Ipca Laboratories Limited (India), and
• Accord Healthcare Ltd. (India).

Market Dynamics

The growth of the global allopurinol tablets market is primarily driven by a rise in the number of people suffering from kidney diseases.

• Increasing consumption of alcohol, high blood pressure, and obesity due to unhealthy eating habits are some of the factors likely to drive the demand for allopurinol tablets to treat high uric acid levels.
• Additionally, the rising number of cancer patients across geographies is likely to contribute to the market growth significantly.
• Growing emphasis on technical advancements and the development of advanced drugs & therapies is expected to create lucrative opportunities for the players operating in the global allopurinol tablets during the review period.

Market Segmentation

Application Trends

Based on application, the market has been segmented into gout and kidney stones.

• The gout segment accounted for the largest market share in 2020.
• Rising prevalence of gout owing to unhealthy eating habits, rising obesity and cancer medications is driving the segment growth.
• The kidney stones segment is projected to register healthy CAGR during the review period.

Regional Trends

Geographically, the market in North America accounted for the largest market share in 2020 and is projected to continue its dominance during the review period.

- The market growth can be attributed to the prevalence of the large number of people suffering from obesity and cancer.

- The market in Asia-Pacific is expected to increase at a healthy CAGR during the review period on account of increasing alcohol consumption and unhealthy lifestyle which has resulted in increasing gout incidences in the region.

COVID-19 Impact on Global Allopurinol Tablets Market

The covid-19 outbreak affected the market growth of the Allopurinol tablets market for a short period. The coronavirus outbreak affected the economies significantly due to the imposition of lockdown which resulted in travel restrictions and supply chain disruptions. The disruptions in the supply chain affected product availability and thus, affected the market growth.

Critical Questions Answered in the Report

• What are the key trends in the global allopurinol tablets market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global allopurinol tablets market?
• What are the key strategies adopted by the major vendors to lead in the global allopurinol tablets market?
• What is the market share of the top vendors?

Want to know segmentation details? Register Here

Target Audience

Here is the list of the group of customers that the Allopurinol tablet market hopes to have the greatest opportunity to convert-

• Allopurinol tablets manufacturers
• Allopurinol tablets suppliers
• Allopurinol tablets distributors
• Organizations
• Government bodies

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.